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Remove clutter, including from storage spaces and anything that looks unappealing. If you need help with staging, hire a professional stager to do the work for you. Unlike traditional houses, when the busiest homebuying seasons tend to be spring and stop foreclosure colorado (find-open.com) summer, condos don’t follow a specific selling cycle — at least not across the board. If you live in an area where people vacation, for instance, waiting until shortly before peak season might be the best way to maximize your profit.

These simple repairs and inexpensive updates will help your home look its best so prospective buyers won’t be able to pass it up. It’s generally a good idea to enlist the help of a real estate agent during this process. As you search for an agent, make sure you choose one who has experience selling condos, which can have different quirks compared to selling other types of properties. You’ll want to hire a real estate agent who has experience selling condos for a couple of reasons. There are a few things that make condos unique in comparison to a typical single-family home with separate yards and a white picket fence that people often picture.

When your loan closes, the escrow agent will send the balance of your mortgage to your lender, paying off your mortgage. Any smart buyer will negotiate, and if you want to complete the sale, you may have to play ball. Most people want to list their homes at a price that will attract buyers while still leaving some breathing room for negotiations—the opposite of the underpricing strategy described above. This may work, allowing the buyer to feel like they are getting good value while allowing you to get the amount of money you need from the sale. Whether you’re working with an agent or going it alone, setting the right asking price is key. Remember the comparative market analysis you or your agent did when you bought your home to determine a fair offering price?

There’s no doubt that a beautifully renovated condo is more attractive. Fresh paint, an updated kitchen, and bathroom go a long way in impressing potential buyers. The challenge is finding the balance between the cost of the work you do and the return on your investment.

The same study showed that homes listed with agents sell for a median 100% of their asking price. So despite the benefits of selling for cash, 90% of sellers choose to work with a real estate agent to maximize their home value. Maybe you need to sell fast, but don’t love the idea of sacrificing any of your home value to do it. At the end of the day, listings represented by agents sell for more money.

With the many home buyers today, it is easy to get confused. As a home owner, your most-dreaded risk is being ripped off. When your property gets damaged either because of water or any other reason, you may consider selling your condo. Sometimes you are tired of being a landlord and you are considering selling your condo. When there is high crime rate in your neighborhood, you may need to consider selling your condo and look for another one in a safer place. Sometimes you may get ill and you are forced to seek medical attention.

Make yourself scarce when potential buyers come to view your home. Let them imagine themselves in the space, free from the distraction of meeting and talking to you. Generally, buyers are accompanied by their own real estate agent to view your home. You can also ask your own agent to be present at showings.

With everyone pressed for time, make sure you’ve highlighted your condo’s best features so they stand out to buyers immediately. Staging, proper marketing and the right upgrades play a huge role in getting as much money as you can. Virtual staging also opens up the market for your home to be potentially nationwide. This question can be a little bit complicated based on several factors, including how motivated the condo association is, the terms of your homeowners association bylaws and state law. How long it takes to sell a condo is going to depend largely on market conditions in your area as well as the desirability of the condo itself.

If your porch is large, make sure there’s a comfortable seat or swing in good condition on which guests can sit. Check that steps and railings are stable and in good repair. Expose hardwood floors to enhance the look and value of your home.

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