Brenda Hayward
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| 5 Topics to Discuss With Your Agent When Selling Your Condo |
coldwell banker malibu
2) Open House Strategy and How to De-Clutter
A condo that shows well will sell faster and bring a higher price. Small cosmetic touch-ups can make a big difference.
Buyers often suspect that more serious problems may exist if they notice the need for minor repairs. If you want to
sellyour home, it’s important to make sure your condo is clean, tidy and free of personal clutter. Clear sinks and
counters of dishes and toiletries. Neatly stack office supplies and organize storage areas. Replace dim light bulbs and
clean windows. Even though your garden area may be commonly owned, do your best to create curb appeal by
cleaning front steps and porches, and clearing lawns of toys or equipment.
3) Features to Accentuate
One of the best features to accentuate when selling a condo is the lifestyle of ease that comes with condominium
ownership. Many buyers are looking for the hassle-free living experience that they can’t find with a single-family
detached house. Another important attribute of any condo is the amenities of the association, which can include a hot
tub, fitness center, owner’s lounge, covered parking and even concierge services. If you’re considering selling your
condo, take the time to walk through it methodically with your real estate agent. Together you can point out which
features of the actual condo unit should be accentuated. Does your unit have a wonderful view? Perhaps the location
of your condominium is unique and desirable. Your real estate agent can help accentuate these features in sales and
marketing materials.
4) Desired Price and Bottom Line Price
When setting the home price for your condo, it’s important to identify your desired price and your bottom line price. By
assessing recent condo sale and listing statistics in your area, your real estate agent and a licensed appraiser can
estimate your house value and recommend an appropriate target price range. Working with your agent, you can set
an initial asking price, as well the absolute lowest home price you would comfortably accept. One advantage of selling
a condo is that by assessing the prices of other units in your association that have recently sold or are currently
listed, your real estate agent and the appraiser can determine a very accurate house value.
5) Disclosures
When selling your condo, you may be obligated to disclose problems that could affect the property’s value or
desirability, as well as to disclose HOA minutes and costs of common insurance and utilities. In most states, it is illegal
to fraudulently conceal major physical defects in your property, such as a water heater that leaks severely. And many
states now require sellers to take a proactive role by making written disclosures on the condition of the condo unit.
Ask your real estate agent for the particular laws of your state.
The staff at Coldwell Banker Real Estate LLC writes select articles about important topics related to real estate. For more information about buying a home or selling your current property, visit ColdwellBanker.com today.
A condo that shows well will sell faster and bring a higher price. Small cosmetic touch-ups can make a big difference.
Buyers often suspect that more serious problems may exist if they notice the need for minor repairs. If you want to
sellyour home, it’s important to make sure your condo is clean, tidy and free of personal clutter. Clear sinks and
counters of dishes and toiletries. Neatly stack office supplies and organize storage areas. Replace dim light bulbs and
clean windows. Even though your garden area may be commonly owned, do your best to create curb appeal by
cleaning front steps and porches, and clearing lawns of toys or equipment.
3) Features to Accentuate
One of the best features to accentuate when selling a condo is the lifestyle of ease that comes with condominium
ownership. Many buyers are looking for the hassle-free living experience that they can’t find with a single-family
detached house. Another important attribute of any condo is the amenities of the association, which can include a hot
tub, fitness center, owner’s lounge, covered parking and even concierge services. If you’re considering selling your
condo, take the time to walk through it methodically with your real estate agent. Together you can point out which
features of the actual condo unit should be accentuated. Does your unit have a wonderful view? Perhaps the location
of your condominium is unique and desirable. Your real estate agent can help accentuate these features in sales and
marketing materials.
4) Desired Price and Bottom Line Price
When setting the home price for your condo, it’s important to identify your desired price and your bottom line price. By
assessing recent condo sale and listing statistics in your area, your real estate agent and a licensed appraiser can
estimate your house value and recommend an appropriate target price range. Working with your agent, you can set
an initial asking price, as well the absolute lowest home price you would comfortably accept. One advantage of selling
a condo is that by assessing the prices of other units in your association that have recently sold or are currently
listed, your real estate agent and the appraiser can determine a very accurate house value.
5) Disclosures
When selling your condo, you may be obligated to disclose problems that could affect the property’s value or
desirability, as well as to disclose HOA minutes and costs of common insurance and utilities. In most states, it is illegal
to fraudulently conceal major physical defects in your property, such as a water heater that leaks severely. And many
states now require sellers to take a proactive role by making written disclosures on the condition of the condo unit.
Ask your real estate agent for the particular laws of your state.
The staff at Coldwell Banker Real Estate LLC writes select articles about important topics related to real estate. For more information about buying a home or selling your current property, visit ColdwellBanker.com today.
Thinking of selling your condo? Whether you live in the condo or own it as an
investment property, if you’re ready to sell your home, it’s time to talk to a qualified real
estate agent in your area. By evaluating several criteria, including regional markets,
time of year, features of your condo unit, as well as your specific needs as the seller,
he or she can create a customized marketing plan for your condo. Here are five
important topics to discuss with your real estate agent if you want to sell your home:
1) Best Time of Year to Sell Your Condo
The specifics of your area do more to determine the best time to put your home on the
market than whether you’re selling a condo or a house. While the conventional wisdom
is that spring is the best time for selling a home, this belief simply doesn’t ring true in
every locale. In recent years the historic patterns have eased, and in some cases,
totally disappeared. Still, different parts of the country have periods when sellers can
be more aggressive with their pricing. And your real estate agent may suggest a
distinct timing strategy for condominium sales, especially if your condo is in a resort
destination.
investment property, if you’re ready to sell your home, it’s time to talk to a qualified real
estate agent in your area. By evaluating several criteria, including regional markets,
time of year, features of your condo unit, as well as your specific needs as the seller,
he or she can create a customized marketing plan for your condo. Here are five
important topics to discuss with your real estate agent if you want to sell your home:
1) Best Time of Year to Sell Your Condo
The specifics of your area do more to determine the best time to put your home on the
market than whether you’re selling a condo or a house. While the conventional wisdom
is that spring is the best time for selling a home, this belief simply doesn’t ring true in
every locale. In recent years the historic patterns have eased, and in some cases,
totally disappeared. Still, different parts of the country have periods when sellers can
be more aggressive with their pricing. And your real estate agent may suggest a
distinct timing strategy for condominium sales, especially if your condo is in a resort
destination.
