Tips for Selling your Condo

Price it right! That doesn’t necessarily mean you get to price it for a profit. Home values are determined by the current market conditions. Take a look at comparative property values in your area to see how homes similar to yours are priced. Also research recent home sales in your neighborhood for a guideline of what buyers are interested in spending. If there was less inventory of housing stock you would have more leverage to up the asking price, but because there are so many other options out there today, you need to price competitively.

Can’t bear to lower your price? Then it might mean you have to spend a little to make a little. Minor upgrades and finishes can really increase the value of your condo. Replace out-dated, tired-looking appliances and fixtures, give it a fresh coat of paint – something neutral that appeals to the majority – and repair anything broken. These are relatively inexpensive jobs that can really pay off in the end.

De-clutter and de-personalize. Go through your condo and remove your personal mark. Buyers want to be able to picture themselves in your condo and having pictures of your kids and memorabilia strewn about can make that more difficult. Switch wall-hung family photographs out for a nice piece of artwork. Put away your treasured awards and trophies. Go ahead and box up your unique collectable items, CDs, DVDs and other personal items – they’re going to be packed at some point anyway. While you’ve got those boxes out, do a thorough job of de-cluttering your home. Lots of objects on counters and tables can distract from and hide the available space. Go room to room and clean house! And don’t think you can just dump everything on the kitchen island into a drawer, because buyers are nosey and will open drawers and cupboards to see what kind of space they offer.