In today’s real estate market, the demand for homes is higher than ever. But compared to single-family homes, are condos hard to sell?
Condos aren’t any harder to sell than other types of property if a few important rules are followed. From the price to the location, we’ll go over everything you need to know about selling condos. We’ll answer some of the top real estate questions below to help your condo sell faster and for more money.
Is the Condo Priced to Sell?
Whether it’s a condo or a home, if it’s priced too high, it isn’t going to be an easy sell. This is where using a professional real estate agent is key. Your agent can look at comparable properties in your building and in the surrounding area to determine the best price. Follow this complete guide to learn more about what to expect when you’re selling your condo.
While you want your condo to sell for as much as possible, if it’s priced too high, there’s a chance it will stay on the market. Even with properties in such high demand, no one wants to pay more than something is worth.
Pricing your condo well will help move it faster. It’s also important to weigh the costs of keeping it. If you hold out for a higher-priced offer, your home may sit on the market longer, costing you mortgage payments and carrying costs each month.
You never know what will happen in the market. Price it to sell so you can move on to the next chapter in your life.
Does the Condo Show Well?
If your condo needs some work, there are a few easy things you can do to help it show better. To start, go through and purge any items you don’t use. This will also help you get a jump on packing. You want your home to show as well as possible.
It’s hard for potential buyers to see themselves in your space if your home is cluttered and crowded. Take the time to donate, toss, or recycle any clutter or unused items. Anything you don’t need every day can be packed neatly away for your move.
Once your home is clutter-free, it’s time for a deep clean. Consider hiring professional cleaners to make sure the job is done right. Deep clean before professional photos are taken, before an open house, and before showings.
If people walk in and see your dishes and laundry piled up, they won’t feel at home. Make your home as open and clean as possible so that they can picture themselves moving in.
What Condition is the Condo In?
If your condo is in need of an update, there are a few inexpensive things you can do without completely renovating your home. Start with a neutral paint color. Give your home a neutral re-fresh that will help your home show better.
New, lighter paint will also help your condo look larger. Clean the windows and remove any heavy window treatments. Show buyers all the natural light you have.
Things like cabinet hardware and light fixtures are other inexpensive updates that will give your home an entirely new look. If potential buyers see projects everywhere they look, they will also see headaches and stress. Make your home look fresh, clean, and as updated as possible without breaking the bank.
Where is the Condo Located?
If your condo is located in a great area, it will be a lot easier to sell. No matter where you live, show off your home’s location and its proximity to amenities.
Your realtor will help show buyers what your condo is close to and all the nearby hot spots. People pay a premium to be near great schools, restaurants, activities, and conveniences.
What Helps a Condo Sell?
There are a few easy things you can do to help your condo sell faster. To start, put yourself in a buyer’s shoes. If you were going to sell a condo, what would you like to see?
In addition to purging and cleaning, some light staging can also help. Consider removing any large and bulky furniture. Store it or sell it to free up some space. You’ll then want to make sure each room has a purpose. If you’re using your dining table as a kid’s art station, a home office, and a laundry sorter, stage it back as a dining table.
Buyers want to picture themselves living in your condo. If they only see your dirty clothes, kids’ artwork, and mail, it will be hard to do this. Consider buying fresh towels, candles, rugs, and bedding to put out before photos and showings start.
A few inexpensive purchases will help your home show better. It will also make your condo appear more updated. The best part is that anything new you purchase will come with you to your new home.
Are Condos Hard to Sell?
When you’re selling property, there are always a few simple tweaks you can make to help your home show better. If you’re asking, are condos hard to sell? If it’s done properly, the answer is no.
From pricing to staging, when a condo is shown well and priced to sell it’s as easy to sell as any other type of property. Making a few small updates can help your condo sell quicker and for more money. For more real estate tips and advice, check out the blog section.
