5 Best-Kept Secrets to Sell Your Condo
Are you thinking of selling but feel overwhelmed and like you’re forgetting the crucial steps you have to take when you list your condo? We know you want to sell in record time and for top dollar, but you may feel a little stressed right now. With the proper approach and a little effort, your condo can be sold in no time at a competitive price. Keep reading to find out our 6 best-kept secrets to selling your condo.
1. Price it Right
Find out what your condo is actually worth (you can use our free home valuation HERE) and then take 5% off of that price. This will attract more buyers which is the key to create a bidding war. In this case, they will bid above the price of what your condo is actually worth. By creating a sense of competition, you will ultimately increase the price that buyers are willing to pay. Many sellers are hesitant to price their condos below what the market value is, but this is one of the best strategies to take when trying to sell.
2. De-Personalize your condo
One important tip to take note of when trying to sell is to ”take the home out of your house” and de-personalize it. The more personal stuff in your home, the less that potential buyers can visualize themselves living there. You should be getting rid of or storing a third of the stuff in your home. Some specific things to take out include family photos, personal keepsakes, any distinctive family items, as well as pets. You may think that everyone would love to see your cute little pup but not everyone loves dogs or cats. Make sure to hide any pet food bowls, kitty litter box, and pet toys and take your pets to a friend’s house or a pet hotel during your open house.
3. Light it up
Did you know we’re psychologically programmed to move toward light? It’s true, Nobody likes a gloomy or a dark room! Good lighting is something every buyer wants in a condo, and the right lighting has the power to liven up and add style. So open those curtains, clean the windows and increase the wattage of your light bulbs to allow the most light. Whether you have to create light or showcase the natural light, focus on making your space bright and cheery in order to sell it faster.
4. Hire a tech-savvy listing agent
The person you hire for the job could make or break the sale of your condo. Your agent should be not only extremely knowledgeable about the MLS and comps in your neighborhood but also tech-savvy. Agents who embrace technology have many tools to gain digital exposure for your home. Adding a for sale sign and relying only on traditional advertising methods is not enough anymore. Versatility and innovation are key qualities modern listing agents must have in our digital world.
5. Focus on the kitchen
Your kitchen is arguably the most important room in your condo to a buyer. If you do remodel your kitchen, there’s a good chance you will recoup most of your investment during the sale. You could spend a few thousand dollars on necessary updates but if you don’t, a buyer may knock $10,000 off the asking price if your kitchen looks dated. The fastest, most inexpensive kitchen updates include a fresh coat of paint and new cabinet hardware. Use a neutral paint color so buyers can envision themselves making the space their own. See my recent blog featuring the 3 highest ROI condo renovations HERE.
Thinking of Selling?
When it comes to Selling a home in Hoboken or Jersey City, many people feel stuck. Our simple 3 step process guides you through the selling process to ensure you get where you want to go.
Request a Consultation
Schedule a time to speak with an Advisor.
Speak with an Advisor
Tell us about your goals and timeline.
Get a Strategic Plan to Sell
We'll create a tailored plan specifically for you to ensure you reach your goals.