There comes a point when it’s time to sell your condo. No matter how much you love it, sometimes it’s just time to move on. However, selling a condo is not like selling a house and how to get your condo ready to sell is a different process than preparing to sell a single-family home. Many condo owners want to get their unit sold quickly, but with all of the other condos for sale on the market; it can sometimes take a bit of time and a lot of effort to stand out. That’s how a trusted real estate agent from Royal Shell can help.
If you want the best tips about how to get your condo ready to sell, look no further. Grab a cup of coffee, relax and learn all you can about how to get your condo sold quickly.
Understanding how to get your condo ready to sell and the differences between selling a single-family home versus a condo unit are the first steps toward setting yourself up for success. Condos possess their own unique challenges and selling points. It’s good to know what you’re up against before you put your condo on the market.
According to Realtor.com, condos tend to sell quicker than single-family homes. Condos are sometimes smaller, and may have lower maintenance costs along with a smaller overall price tag.
Here are 5 Tips on How to Get Your Condo Ready to Sell:
How to determine how much your condo is worth
Advice on how to stage your condo
How to decide on which repairs to spend time and money
What documents you should have ready
How to navigate your condo association
1. How Much is My Condo Worth?
You and your Realtor must decide what your condo is worth and for how much you think it will sell. This sounds simple, but it can be tricky. If it’s priced too high, it may deter potential buyers from even looking at it. If it’s priced too low, you could miss out on a lot of money. It has been said the value is in the eye of the beholder. While that may be true of most items, the value of a property depends on several factors. For example, the location is the most important thing. Some people are willing to pay more for a condo unit that is at the end of a building. They are generally quieter and have more windows than those in the middle, and for some buyers, this really does make all the difference.
How current are the design and finishes? When was it built and what is out there that is newer and has similar offerings? You can’t control the location, but you can alter the condition. Once you have met with a professional Realtor who can help you see relevant comparable properties, you’ll have a good idea of a price range. From there your agent can help you with decisions regarding the condition and how that will affect the potential selling price.
2. How to Stage your Condo
Staging your condo can be a lot of fun—and it can also make a big difference when you’re thinking about how to get your condo ready to sell. Staging your home will make it stand out to potential buyers and fixing minor imperfections now will save you time and money in the future.
Staging your condo means more than picking out a bold armchair or a few colorful accent pieces. You want to make your home appealing to buyers and make them envision themselves living there. It’s also important to walk through and address deficiencies. Clean it from top to bottom, declutter the space and make all the necessary repairs, including painting the walls and cleaning the grout. This is when you might be happy if your condo is smaller than a single-family home. There’s less ground to cover!
3. What Repairs Do I Need to Make to My Condo?
Attend open houses of condo units similar to yours. This will help give you a better idea of what improvements and repairs you need to make. If you don’t have time to attend open houses, you can study photos of similar units currently under contract. Walk through your home and picture yourself as a potential buyer and really think about what improvements you should make. Check to be sure your windows, lighting, plumbing and appliances are working. This should also give you a good idea about what repairs and improvements need to be done since these are the main things potential buyers will be looking for when they tour your home. Or get a pre-listing inspection or second opinion from your Realtor. Your Royal Shell real estate agent will be happy to help!
4. Get All Necessary Documents Ready to Sell your Condo
It’s always best to be prepared, and you’ll be glad you took this extra step when buyers start asking questions about your condo. For some buyers, a seller who is organized and knowledgeable about their condo could make the difference. Take a day to get all condominium association and maintenance and repair documents in order, and if you can locate the closing documents from your purchase, they also may be useful.
5. Know your Condo Association’s Rules, Fees and Regulations
When it comes to how to get your condo ready to sell, knowing your condo association’s process is a good idea. Before you list your condo for sale, spend some time gathering your condominium association documents so they will be at your fingertips.
Use a Royal Shell Real Estate Agent to Get Your Condo Ready to Sell
Our Royal Shell real estate agents specialize in selling condos and know how to get your condo ready to sell. We will help market your condo via social media, word of mouth, and traditional channels to make sure your listing is seen by as many buyers as possible. We’ll explain all of the advantages of condo living. Many buyers choose to live in a condo for its amenities, such as a pool, lounge and fitness center that someone else maintains.
Our real estate agents know the ins and outs of getting a condo ready to sell. They know the best time of year to sell your condo, how to stage it, what features to accentuate, what to repair and how to determine an effective listing price. We will help you get your condo ready to go on the market, handle showings, work with your condo association, prepare for inspections, and guide you through the closing process.
In other words, we’ve got your back. Our goal is to make the process easier for you. We also strive to help you get the maximum return on your investment. That’s why we make it easy and you make it home.