Listing Your Condo
Pricing Your Condo correctly in the beginning
Price to sell your unit in the beginning,will mean less in the end.
- Make comparisons in your complex first. How does your unit compare?
- Buyers will look at several units in several buildings before deciding.
- Pricing of intangibles views, layout, type of unit, location within the building,
- Parking, amenities, security, ceilings, floor plan, kitchen and baths.
- Buyers will shop a price range and being out of your price range is not good.
· Condition of your Condo-Make it appealing
- What can be done to make the unit sell faster, is it worth the expense.
- Cosmetic changes are well worth the money. Be professional.
- Make repairs first, Spend $1000 to make $2000.
- Staging or making it a showplace does matter, keep it clean.
- Tenants will cost you money most of the time on the sales price.
- What are the trends in the area for this price range.
- Let the Buyers know the type of money you have spent, or else they do not know.
· Public exposure-Advertising
- Traditional News paper ads are a waste and a waste of money.
- Superior Photos are a must, buyers shop the internet, Its 8 nice photos.
- Internet Ads– websites, blogs, Craigs list, Company Realtor sites.
- Exposure in the complex, flyers and maybe open houses.
- Exposure of the complex, what does it have, condo fees cover?
- Is the condo easy to show, agents pick units that are easy to show.
· Condo Fees– What do you get for the fees
- Cost of energy, parking, pools, courtyard, secure entrance, elevators
· Timing of the Listing is Important-
- This is tough but get it on the market before the season. April to August.
· Commissions– Sales Commissions are negotiable
- You need to be competitive on commission rates, being too low can be costly.
- Commissions are split between selling and listing agents and their companies.