Selling your condo yourself can seem like a daunting task. So we’ve made it easy with this simple checklist that you can use to help you! Just follow these 6 steps to successfully selling your condo by owner and you’ll be well on your way!
For most people, buying and selling a condo is the largest transaction of their lives. And if you choose to sell yours through a real estate agent, it can also be very expensive with agent fees and commissions.
So it’s no surprise that some people choose to sell their property themselves, in spite of the size of the transaction. If that describes you then you’ll love these this checklist:
6 Steps To Successfully Selling Your Condo By Owner
Step 1. Decide
This first step is simple. Just decide that you’re going to do it and do any research to know what to do. (Actually, you’re already doing that, since you’re reading this post! And, don’t forget to decide… the price you want to sell your condo for!
Step 2. Prepare
The next step is to prepare. You need to prepare YOURSELF by getting educated on the process and getting your hands on an agreement that you’ll use to sell. And, you need to prepare YOUR CONDO to sell, which might include painting and fixing it up so buyers can get a move-in-ready property.
Step 3. Market
Then, start marketing your condo. Market it everywhere you can – on social media, on local bulletin boards, in newspapers. The more you market your condo, the better.
Step 4. Show
Show your condo to as many people as you can. Show it to individuals and hold open houses to show it to large groups of people. The secret to selling is to get as many people as possible looking at your condo. (Of course, in order to do this you need to do a lot of marketing, so be prepared to sweat a little in steps 3 and 4).
Step 5. Negotiate
If your condo is priced right and if you get enough people looking at it, you’ll get an offer to buy. Now it’s time to negotiate. You’ll negotiate with the buyers (or their agent, if they have one).
You’ll be trying to get a higher price while the buyer will be trying to get a lower one. Ultimately, the best price is the one in which the condo sells and both parties feel they got close to what they wanted.
Step 6. Close
Once you settle on the price and terms, then it’s time to complete the paperwork and transfer the money and title. This process depends on where you are so make sure you do your research during step 1 so you know the process.
Selling your condo yourself can seem very daunting but it’s not as bad as it seems. Just follow these simple 6 steps to successfully selling your condo by owner