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3 Factors to Consider Before You Sell a Condo

by Vivienne Sinkow 12/21/2018

Looking to sell your condo? You're in luck, as there is high demand for condos across the United States.

As a condo seller, it is important to allocate the necessary time and resources to find ways to maximize the value of your property. By doing so, you'll be able to evaluate your condo, understand its strengths and weaknesses and take the right steps to enhance your property's appearance.

Moreover, there are several factors that you should consider before you add your condo to the housing market, including:

1. Your Condo's Condition

How will property buyers feel when they see your condo for the first time? Ultimately, you'll want your condo to make a positive first impression on homebuyers. To accomplish this goal, you may need to complete assorted home improvement tasks to enhance your condo both inside and out.

A property appraisal may prove to be exceedingly valuable, as this assessment will allow you to learn about your condo's condition. During the evaluation, a home appraiser will take a close look around your condo and offer honest, unbiased recommendations that you can use to improve your residence.

2. Your Timeline

You know that you want to sell your condo, but how quickly would you like to relocate to a new address? Understand your condo selling timeline, and you'll be able to plan accordingly.

For a condo seller who wants to move as soon as possible, establishing a competitive price from the get-go is essential. This price will help your condo stand out from other properties that are available and increase your chances of a quick condo sale.

3. Condo Rules and Regulations

If you plan to sell your condo, it is always better to err on the side of caution. Therefore, you should check with your homeowners' association (HOA) to see if there are any rules or requirements that must be followed when you sell your property.

For example, some condo communities may require HOA board approval for a new property owner. Or, if you live in a gated condo community, you should find out whether permission is needed to host an open house to showcase your property to a broad range of property buyers.

Selling a condo may seem like a complex process, particularly for those who are listing a property for the first time. Lucky for you, real estate agents are available to help you get the best results.

Employing a real estate agent with condo selling experience is paramount. With this real estate agent at your side, you should have no trouble optimizing the value of your condo.

Typically, a real estate agent will set up condo showings, negotiate with property buyers on your behalf. This real estate professional also will respond to your condo selling concerns and queries, ensuring you can make informed property selling decisions.

Don't leave anything to chance when you sell your condo. Collaborate with a real estate agent, and you can boost your chances of a seamless property sale.

About the Author

Author
Vivienne Sinkow
Vivienne is a 28yr Naples resident having lived and opened retail businesses in Monte Carlo, Atlantic City, and Naples. She has been a realtor since 2001 and has garnered many referrals from her clients. A passionate realtor concerned only with finding you the very best home for your needs and budget she will be with you every step of the way. She is extremely knowledgeable about SW Florida watching it grow from 1989 and familiarising herself with each community from inception. Her longevity in the business has introduced her to many other related professionals who will advise you on loans, insurance and contractors. Vivienne has also assisted many buyers with renovations and has experience in new construction having spent 1 yr on site selling luxury high rise condominiums. You need a realtor who listens, understands your lifestyle and can pinpoint communities of interest to you at lightening speed without wasting your valuable time. Her past clients know when she lists your property she will endeavour to sell at the best value taking into consideration your home's upgrades and comparing it to the general market value not just the last sold price in your community. Its why she has so many repeat and referred clients, trust and integrity count.