How to sell a condo fast (Image Source: Pixabay)Whether you’re making a career move and you’re on a tight timeline or you need to sell you condo fast to be able to move into your new home, there are ways to make sure your condominium doesn’t sit on the real estate market for long. You may face market challenges - many condo listings from your building or a tough seller’s market – while trying to sell your condo quickly, but making your property the most attractive and desirable in the neighborhood will help you land a high bid in a short period of time.

Pick the right agent

Choosing the right real estate agent is crucial is selling any property, but especially when you need to sell a condo fast. In fact, we recommend asking your potential real estate agent these seven questions before you agree to work with them. Your real estate agent needs to be familiar with the process of selling a condominium, which is different in some ways than selling a single family home. Make sure the agent you choose can offer condo listings they have sold in recent months and be sure to find out what neighborhoods the agent is most familiar with so you can have an idea of their experience (or lack thereof) with your particular building and community.

Competitive pricing

Your agent should offer a comparative market analysis for your condo. A CMA is a report that compares your condo to similar, recently sold properties within the same area. Agents will use a CMA to help you price your condo competitively to bring in the most potential buyers.A well-priced condo will get far more traffic than a property that seems out of a potential buyer’s reach or too pricey for your market. In fact, a lower priced unit has the potential to ignite some competitive bidding amongst potential buyers. While a bidding war isn’t guaranteed, it’s certainly more likely to help you sell your condo fast if the price is right.

Pick the right agent

Your agent should offer a comparative market analysis for your condo. A CMA is a report that compares your condo to similar, recently sold properties within the same area. Agents will use a CMA to help you price your condo competitively to bring in the most potential buyers. A well-priced condo will get far more traffic than a property that seems out of a potential buyer’s reach or too pricey for your market. In fact, a lower priced unit has the potential to ignite some competitive bidding amongst potential buyers. While a bidding war isn’t guaranteed, it’s certainly more likely to help you sell your condo fast if the price is right.

Sell the lifestyle

Many buyers prefer the condominium lifestyle because they’re responsible for minimal upkeep to the property, amenities are often included and condos are frequently located downtown, within walking distance to restaurants, shopping and public transportation. You’re not just trying to sell a condo fast, you need to sell the condo lifestyle. Walk through the amenities of your building with your real estate agent so they can develop the best marketing plan for your unit. Buyers want to know if purchasing your property gives them access to a hot tub, fitness center, owner’s lounge, covered parking or concierge services. Promote the hassle-free living experience that buyers simply cannot find in another building or a single family home.

Move-in ready

The appeal of the luxurious lifestyle of condominium living isn’t going to last long if your unit doesn’t make a good first impression on buyers. To sell you condo fast, make sure the unit is in move-in ready condition. Buyers often over estimate the cost to make general repairs or changes like a coat of fresh paint, updated light fixtures and professionally cleaned carpets. Take the initiative to make the small changes needed to de-clutter and neutralize your condo before you take photos or schedule any showings.

 

Putting these tips into action will result in a faster sale of your condo at a higher fair market value. In fact, if you’re looking to sell your Philadelphia condo, we’ll help walk you through the preparation process. On top of that, we’ll guarantee you we can sell your home in 90 days.

 

Check out our 90 Day Sale Guarantee here.  Your home sold in 90 days or less or we will sell it for free. 

We welcome these questions and more. If you’re considering selling your home and need help on where to start, give us a call at 215-370-1236.