Due to the lower cost of purchasing a home in today’s market, many condo owners are finding it difficult to find the right buyer for their space. However, selling a condo isn’t impossible; it just requires some extra work on your part. If you want to maximize the selling potential of your condo, then here are the tips you need to use.
Know your Association Rules
Chances are your condo has an Association, and chances are they have rules—not just about the things you can and cannot do in your unit, but also about how you can go about selling the condo. For instance, some Associations don’t let you put For Sale signs in windows or on properties. Be sure to know what your Association will allow you to do so you don’t end up with a fee just for trying to sell your place.
Aside from knowing the rules for your own needs, it’s a good idea to know the rules and list them in your listing. After all, you don’t want to be deceitful to those who may be interested in your place, but you also want to point out the advantages of your Association versus those of another condo.
Call Out the Benefits
When listing your condo, the best thing you can do is to list the benefits associated with your space. For instance, do you have access to a pool? Does it come with in-unit laundry? Does it come with a parking space? Is it pet friendly? Think about all the pros associated with your space and list them in any listing you create for your unit. You’ll be surprised what could make your space stand out from others in the area.
Keep it Clean
Condos aren’t necessarily known for their spaciousness, so you want to keep your space clean and tidy to make it more attractive to potential buyers. Make it a point to declutter your space before you list it so you can make room for all the features people would love about it. In addition, always make sure to have plenty of cleaning supplies on hand so you can do a quick cleaning if you get called for a showing.
Make Note of Common Areas
Do your best to control common areas in a condo building you’re trying to sell in. For instance, if you notice mail building up or trash on the floor, clean it up. This will be the first thing your potential buyers notice, and if the space is unattractive, it will make them think twice about your unit. Keep this in mind for other common areas, such as pools, laundry, or even a gym. If you notice things are out of control, feel free to call your Association and complain.
Hire a Realtor
Some people try to sell their condos on their own because it eliminates extra fees, but working with a Realtor can actually make the process easier on you. Be sure to choose a Realtor who has experience working with condos, and be sure to use their advice when it comes to getting your space for sale. Don’t hesitate to ask for recommendations or to see a list of properties they’ve recently sold just to ensure you’re picking the right person for the job.
Set the Right Price
Choosing the price of your listing is often the hardest decision to make, but it’s important you price your place accordingly. For instance, if you are asking way too much, you will not get as much foot traffic as you were hoping for. Do research on your area to see what condo units like yours have sold for recently. Then, use that information to help you determine the right price for your space. If you’re using a Realtor, ask them to look up comps in the area and ask them for a recommendation.
Most people today won’t look at a house that they haven’t first seen pictures of. Your Realtor can help you take the right pictures, or feel free to take them on your own. Just be sure you’re getting good shots of all the right spaces in your unit and that you’re highlighting all the benefits you’ve called out in the listing. Also, be sure to clean and declutter before you take these photos.
Selling a condo will take some work, but it’s nothing you can’t handle. Use these tips and you’ll find yourself with a flood of people who want to purchase your home.
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