The Lloydminster real estate market is experiencing some changes this week, and it’s important to stay informed whether you’re buying or selling. Let’s take a quick look at the latest data for October 14-20, 2024:

• 🏡 Active Listings: 149

• 🏡 Average Sold Price: $273,008 (down from last week)

• 🏡 Average Days on Market (DOM): 54 days

• 🏡 Properties Sold: 13

• 🏡 Pending Sales: 7

What Does This Mean?

The average sold price has dropped to $273,008, signaling a potential opportunity for buyers to get into the market while prices are a bit lower. Homes are sitting on the market for an average of 54 days, which means there’s still some time for negotiations, but well-priced homes are moving.

With 149 active listings and 13 homes sold this week, there’s movement, but sellers may need to adjust their strategies in this shifting market. If you’re thinking about selling, it’s important to be competitive with pricing and presentation to attract those motivated buyers.

Buyers:

Now’s the time to act! With prices dropping, you might find a great deal, but don’t wait too long—well-priced homes are still selling.

Sellers:

Let’s talk strategy! Whether it’s pricing your home competitively or enhancing your listing to stand out, we’ll find the best approach to get your property sold.

Harpreet Christie, REALTOR®️/Owner

📞 780-205-7653

📧 harpreet@bordercityrealestate.com

🌐 Harpreet Christie: Lloydminster AB REALTOR® - Call: 780-205-7653

Many homebuyers know that they should start building equity and buy a home as soon as they can. But the idea of finally becoming a homeowner and then getting hit with big, unexpected repairs on the house is enough to make anyone feel a little worried!

If this resonates with you, don’t worry. With the right steps, you can alleviate your anxiety and buy a home with confidence. Doing these 4 things will ensure that you’re protected and prepared for any situation in your new home. 

1. Set a budget for repairs and maintenance: Going into homeownership with money set aside just for maintenance and repairs will make sure you’re prepared if any unexpected costs do pop up. A good rule of thumb is to save 1-4% of the home’s value per year for maintenance and repairs. You can save on the lower end if the home is newer, and save more if the home is older or requires more upkeep. 

2. Research the neighbourhood: Some areas need certain kinds of repairs more often due to weather, trees, floods, and other environmental impacts. Researching the area and asking neighbours can help you find out what you should plan for when it comes to repairs.

3. Get a thorough home inspection: A home inspection is your number one way to avoid unexpected repairs after purchasing a home. That’s why it’s so important to make sure you find a great, reputable inspector and pay attention to the inspection! The resulting report will allow you to see what’s really going on with the property and give you the knowledge and insight you need to move forward with the deal in confidence.

4. Negotiate repairs: If the inspection turns up some needed repairs, work with your agent to negotiate with the seller on covering those repair costs. This way, you’ll go into closing day knowing that the repairs will be covered. 

By taking these 4 proactive steps, you can significantly reduce your anxiety about unexpected repairs and approach homeownership with greater confidence. Remember, alongside your agent, preparation and knowledge are your best allies in the homebuying journey.

Want to talk more about how you can prepare to buy a home in Lloydminster?  Feel free to call me and let’s chat!

Many sellers say finding the time to schedule all those showings is one of the hardest parts of selling their homes! 

If you’re tired of the constant interruptions and stress that often come with frequent home showings in Lloydminster & area, try these 5 tips to reduce showings. These strategies will minimize disruptions and attract serious buyers while helping you sell your home for maximum profit.

1. Optimize Your Listing Photos: Listing photos help buyers decide if they really want to see a home or not, so make sure yours are an accurate reflection of your home Investing in high-quality, professional photos will showcase your home’s features. Great photos will help attract serious buyers and reduce the number of unnecessary showings.

2. Host an Open House: Instead of multiple individual showings that can mess up your week, consider hosting a well-marketed open house. Your agent will help set this up, and it will allow many potential buyers to view your home at once. Holding an open house or two will streamline the showing process and minimize disruption to your schedule.

3. Offer Virtual Showings: Provide virtual tour options for buyers who may not be able to visit in person. This can attract even more interested buyers and allow them to preview your home before scheduling an in-person showing. 

4. Set Up Scheduled Showing Blocks: Coordinate with your agent to set specific time blocks for showings throughout the week. This creates a structured schedule, minimizing the impact on your daily life so you only have to prepare for a couple of showings times instead of multiple showings every couple of days. 

5. Prepare with a Showing Checklist: For the best results from showings, you need to have your home ready and in pristine condition. A checklist can help ensure you’re consistently prepared for showings and avoid any last-minute scrambling!

By implementing these strategies, you can streamline the selling process, attract serious buyers, and minimize disruptions to your daily life when selling your home.

Want more tips on how to sell your home with the least time and stress?  Feel free to reach out and lets’s Chat!

Are you ready to sell your home quickly while maximizing your profits? Then you need these three seller hacks! 

When you use these hacks, you’ll be able to present your home in its best light and attract the most buyers. Increasing buyer interest will help you achieve the most profit when you sell your home and will help you move the process along quickly. Plus, these hacks are easy and cheap to do! Let’s go through them:

Hack 1. Enhance Your Entryway: One of the first impressions buyers have of your home is your entryway, so it’s worth giving it a little TLC! Invest in a professional cleaning and add a fresh coat of paint to your front door to make the best impression. Upgrade your welcome even more by adding potted plants with seasonal blooms and a new doormat in front of the door. An inviting entrance can grab buyers' attention from the street and entice them to explore further.

Hack 2. Use Virtual Staging Tools: If physical staging in your home isn't an option, virtual staging tools can still show off your home’s best assets! These tools digitally furnish and decorate empty rooms, helping buyers visualize the space's full potential when they look at listings online. By showcasing your home’s features, you’ll attract more serious buyers. Plus, virtual staging doesn’t have the cost or hassle of traditional staging, so it’s a great option for many sellers.

Hack 3. Optimize Listing Photos with Twilight Shots: Twilight photos can add a touch of magic to your home's listing photos, so try to schedule your shoot for the golden hour! Because twilight offers the best lighting, your listing photos will showcase your home's exterior and its best qualities. The warm and inviting ambiance created by twilight photos can leave a lasting impression on potential buyers and make your listing stand out from the competition.

By implementing these three simple hacks, you can significantly enhance your home's appeal and attract serious buyers. Remember, a well-presented home is more likely to sell quickly and for a higher price. 

If you want to chat more about how you can score top dollar for your home feel free to reach out anytime.