Depending on the current housing market, it is easy to have doubts about selling a property. Is it the right time, and when should I do it? The same holds true for condos. However, you should not be worrying too much about the market simply because we cannot control it. If you can find the right home buyer, you can sell your condo with ease. This is true whether the market is up or down.
Here are 4 tips to selling your condo so that your buyer can enjoy the true condo experience.
1. Accurately Set Your Listing Price
With single-family homes rising in price, a condo is a great choice that can provide more amenities for residents. Additionally, there are countless other benefits to becoming a condo owner. For example, you typically don’t have to handle the exterior maintenance of your building when owning a condo. You are completely hands-off.
Avoid the hassle of doing repairs yourself. Buying a condo removes that hassle from owning property.
2. Prepare the Condo for Sale
Many buyers prefer that a condo be ready prior to them moving in. This means they don’t want to be buying a condo that will need repairs or a thorough cleaning.
When a condo has had a complete overhaul already, it can sell quicker versus it being in disarray. The price difference for this can easily be in the tens of thousands due to one condo having new appliances or flooring over the others that fail to modernize.
Having upgrades completed for a condo will also provide more return and makes them much more worth it as you place it for sale.
3. Highlight the Amenities
Every condo is part of a bigger complex that involves regulations that every condo owner must abide by, as well as fees associated with them. However, oftentimes the fees are put towards the amenities that the condo complex provides.
As you list your condo, ensure that all fees are advertised and the type of amenities they cover. This means you need to list what the current fees are so that the buyer knows ahead of time.
As you know, in addition to the amenities a condo also furnishes the buyer with amenities associated with lifestyle. So if the area includes museums, then you can easily make your amenities sound more attractive with the way you describe them instead of sounding bland.
If your condo community is more modest and involves a pool and clubhouse, then you will help keep money in the prospective buyer’s pocket by not requiring a membership to any gym. There may be many things that the fee covers such as private parking, allowing pets, etc. These details are what will bring in potential condo owners.
4. Disclose All Property Details
It is not unusual for a condominium to have more than 2,400 square feet of space. If your current usable space amounts to less than that, then you may need to be clean out what the buyer doesn’t want. This will help to accentuate the area’s space. Also, install softer lighting such as LED, which will provide a bright yet soft feel to the space.
By following these actionable tips, you can sell your condo with ease. Ensure that the real estate agent you decide to work with emphasizes these points as they place it on the market. You will see everything unfold nicely if your agent has experience in both marketing condos for sale and the closing process.