Main Content

Selling a condo in a tough market done right

Real estate agent is showing new apartment to a young couple

When the competition is tough in the market for condominiums, the smart seller has a technique or two up their sleeve to snatch that elusive condo sale. Here, we’ll show you the right moves with some great tips on how to sell your condo in a tough market:

Get the price right

Price is one of the first and most important things buyers look for when shopping around. Getting the price right is particularly tricky when competing in a tough market. It’s not a great idea to overprice or underprice your condo particularly when there are many other similar units floating around. When selling in a tough market, it is an absolute must to price your condo correctly and competitively. When you’re competing with a lot of similar properties, it only takes the simplest of mistakes to lose your potential buyers.

Stage to impress

Staging is a sure-fire way to ensure that your condo gets sold faster even if the market isn’t ideal. When you’re staging your condo, make sure to de-clutter and depersonalize the space. Nothing turns off buyers more than seeing a condo and feeling like they’re invading someone else’s home. Make the condo look brand new but still inviting by sprucing up the place, getting better lighting, and doing easy repairs here and there. It’s also important to emphasize your condo’s good qualities. Make buyers take notice of its great location, the excellent view from the balcony, the spacious kitchen or the great amenities the building has to offer.

Give incentives and make it move-in ready

Something that will certainly put your condo ahead of the competition is by including incentives and making it more move-in ready. Incentives could be simple items that will come with the condo sale like key pieces of furniture or appliances. Another incentive that is sure to attract buyers is having advanced payments on association dues.

Even before you move out, make sure the condo is ready for new owners by updating kitchen equipment, bathroom fixtures and the like. It also wouldn’t hurt if you replaced a worn rug or two just to give something extra.

Hire a good agent

A good real estate agent will be able to help you in selling your condo from start to finish, no matter how tough the market is. Having an expert beside you as you go through the process of selling your condo can save you a lot of unnecessary stress and worry. With their in-depth knowledge and expertise, real estate agents can advise you on how to price your condo correctly, give you a great marketing strategy, and guide you through staging your condo effectively. Hiring a real estate agent is a key advantage you should always have when you want to sell in a tough market.

Looking for some help in selling your condo in Little Italy San Diego, California? Give us a call today at 619-322-2262 or send an email to jorge(at)littleitalycondos(dotted)com.