Thinking about selling your condo yourself? It might make financial sense to do so, but are you aware of all the ins and outs involved? Read this blog post to learn the 4 things you should know about selling your own condo.
Selling your condo. Sure, a lot of people get a real estate agent to help but that isn’t always necessary. If you want to save money on commission and also have more control over the process then you might want to sell your condo yourself. Here are:
4 Things You Should Know About Selling Your Own Condo
#1. You Should Make Your Condo Market Ready
As a seller, it’s your job to make your condo as attractive to buyers as possible. That means you should walk through the condo as if you were a buyer, keeping in mind what he or she might be looking for.
For example, if buyers in your neighborhood want condos that are finished and move-in-ready, then you might need to make sure all the little details (such as baseboards and light switches) are taken care of.
#2. Start Marketing!
To sell your condo, you need lots of buyers walking through, because not all of them will make an offer and not all of those buyers making offers will be able to perform. To get a good volume of buyers you need to market your condo well!
There are many places you can do that – from local websites to bulletin boards at the grocery store, from social media to a sign on the corner. Get the word out and start getting buyers in.
#3. Be Prepared to Negotiate
As a seller you want a higher price, and buyers want to pay a lower price. So, if you are selling your condo yourself, you need to do what the agent does – and try to find the right price that makes both parties happy. Therefore, some negotiation skills are necessary.
#4. Understand The Paperwork
Selling a property requires some paperwork – including contracts and disclosure statements, and perhaps other documents depending on where in CA you’re planning to sell. So make sure you understand what paperwork is required.
Want to sell your condo yourself? That’s a bold step but it can potentially save you some money and give you more control of the process. Remember, the 4 things you should know about selling your own condo include: making your home market ready, marketing actively, negotiating, and understanding the paperwork.
If all of that process turns out to be more work or hassle than you want, you have another option to sell – you can always sell your condo to us here at Fast Condo Buyers. We are professional buyers and we can make an offer to buy your condo right away.
Click here to fill out the form or call our office at (714) 576-6282