October 21, 2022 | Selling FAQs

selling real estate in canmore faqs

Selling real estate in Canmore is a big decision. You, the homeowner, must feel confident in your decision to move forward with the sale. We get some common questions that will help you decide the best next steps for you and your investment.

1. What is the best time of year for selling real estate in Canmore?

The best time to sell a house depends on a few things: 1) What is your motivation?; 2) What are you doing with the proceeds of the sale, and what is that time horizon? Once these two questions are answered, we move on to What is happening in the market today? Does today’s timing serve your best interest to sell now or postpone? We then decide whether the Spring or Fall market best suits your needs. The Spring market in Canmore typically has the most transactions and the highest spike in value. The Fall market is the second-best time of year. But remember, without a detailed conversation, the best answer is ‘it depends.’

2. What does a Canmore real estate agent do that will help me sell my home?

Not all real estate agents provide the same level of service. Choose wisely. Some realtors are very talented, well trained and experienced. It’s like any business in this world; the 80/20 rule applies. A truly professional real estate agent in Canmore will sell your home in the least amount of time, the most amount of money and the least amount of hassle to you. Selling homes can be stressful. Your realtor must manage you and the buyer agent – this goes a long way in completing a successful real estate sale. Expect cutting-edge marketing, a highly ranked website to feature your home, communicative, highly trained in negotiations, solutions-oriented, staging connections, professional photography, just listed flyers, etc. A top real estate agent never cuts corners.

What To Expect When A Real Estate Pitches For Your Business

3. Why list with Re/Max Alpine Realty?

Re/Max Alpine Realty has the greatest exposure to buyers, one of the highest-ranked real estate sites in the entire Bow Valley. How do we have the most buyers? We have more real estate agents than any other real estate brokerage in the Bow Valley. We do nearly half of all the real estate deals in Canmore each money. If you want the most buyers to see your listing and the highest level of professionalism, then Re/Max Alpine Realty is the best brokerage in Canmore. (That’s what Ryan joined!)

What Do I Need To Know Before Selling My Home?

4. What is home staging?

Home staging is when a designer creates a space with furniture, paint and other household items to best show off the best aspects of the home or condo. In some cases, all owner content is removed to have a blank canvas to create from. If done well (with the correct buyer demographic in mind), the results can be astounding in terms of maximizing your ROI (Return On Investment) when selling – many sellers make far more money than expected.

5. How much tax when selling real estate in Canmore?

A seller may or may not have to pay GST on the sale price – this depends on a few things: 1) Was the home brand new?; 2) Was the home extensively renovated to the point at which the CRA deems it new?; 3) Does the seller renovate homes and flip for business profit? The last point relevant for all sales is that GST is paid on top of the real estate commission for all homes (not the house’s value).

6. What should I do after I sell?

We believe it’s important to consider where to allocate your equity after closing on your home. Whether that’s investing in another house, investing in a business or into the equity markets. We walk through the different options to ensure a brighter financial future for our clients! Even if this means referring to a great realtor in another town to get you on the next path!

Every seller has specific questions we take the time to answer, and we pride ourselves on listening, being communicative and giving our clients the answers they need to hear, even if it isn’t always what they want to hear. The reason is that it’s essential to act with integrity and manage expectations from the outset. We want our clients to be happy and enjoy the process while feeling like they got the most professional service possible.

If you are looking to sell your home, contact us here.

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