Hot Tips For Selling Your Condominium – With the real estate market steadily improving, many condo owners are looking to sell. But selling a condo is not usually as simple as putting a sign up. It takes a lot of work to sell quickly, and for the best possible price. Selling a home vs a condo can be quite different because of the nature of how these two housing choices are unique.
There are a lot of condos to choose from out there, so you want to do everything you can to make your condo stand out.
- Know What Your Condo Association Allows – Every condo association has a set of rules and guidelines – things you can and cannot do with your unit.
- List Your Assets – These are the features that make your condo great. Whether you have extra storage space, a new range, or a big garage, you want buyers to know about it.
- Price Your Condo With The Market – This is the problem every homeowner must deal with when deciding to sell. Your condo will only sell if it is priced competitively.
- Get Your Condo FHA Mortgage Approved – This one may be difficult but it will be well worth the effort if you can pull it off.
- Stage Your Condo Properly – You can hire a professional stager, ask for help from your Realtor, or just do it yourself, but you need to make your condo look appealing to potential buyers.
- Be Ready For a Home Inspection – Most buyers are going to want to have the condo inspected before they buy it.
- Get Condo Docs Put Together – Not all condo communities are something to be proud of, but if you have a great community it can help you sell your condominium.
- Hire A Realtor That Sells Condos – Not all real estate agents can do all things. When you are selling a condominium, you want an agent that has experience in this area. An agent can prove invaluable in your sale, handling all of the marketing, negotiations and showings.
- Let Buyers Know About Costs and Fees – It costs money to live in condo association. Buyers need to be aware of what they are getting into with the fees required to live in your condo.
- Avoid Costly Upgrades – Unless your agent tells you that you need to put in a new kitchen to sell your condo, avoid it. Upgrades are not always a wise investment, especially the more expensive renovations. Every market however is different so what may be important in one place may not have the same impact in another.
Article by, Bill Gassett – RE/MAX Executive Realty