The success of selling your condo depends on the market you’re selling in. In this article, you’ll read about how to take advantage of a seller’s market in Orange County for condo selling…
In a buyer’s market, there are many sellers and not many buyers. In a seller’s market, it’s the opposite – many buyers and not as many sellers. If you’re a seller in a seller’s market, you have the advantage already of having a scarce commodity that buyers want.
But just because you’re a seller in a seller’s market doesn’t mean you should just let the buyers dictate the terms. You have the advantage and you can still come out ahead.
Here’s how to take advantage of a seller’s market in Orange County for condo selling…
How to Take Advantage of a Seller’s Market in Orange County for Condo Selling
Advantage #1 You Can Ask a Higher Price
Following the simple rule of supply and demand, you can ask a higher price (and often get it) because buyers don’t have as many choices available to them. So the first way to take advantage of the seller’s market is to simply ask for more money.
Advantage #2 Ask For or Remove Conditions
Price is just one component of selling a condo. Another component is the conditions that are also placed on the sale – including an inspection, a site survey, repairs, or appliances that will remain in place. These are what the buyer might ask for, but as a seller, you can ask for certain conditions, too. For example, why not ask to just leave the condo in as-is condition for the buyer to clean up?
Advantage #3 Generate Multiple Offers
When you only have one offer, you sometimes feel forced to take it. But when you’re presented with multiple offers from multiple buyers, you can get picky, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then go through each offer at your leisure to determine which one is right for you.
And that’s how to take advantage of a seller’s market in Orange County for condo selling! If you’re selling your condo in Orange County during a seller’s market, use these tips to take advantage of the situation and enjoy a higher return, the addition or removal of conditions, and multiple offers to choose from.
And don’t forget that we’re condo-buyers as well and we’d love to give you a fair all-cash offer to buy your condo today.
There’s no obligation so doesn’t it make sense to at least see how much we’d pay? Get in touch with us by phone at (714) 576-6282 or by clicking here and filling out the form.