The time has finally come to sell your condo! The whole selling process can be both exciting and overwhelming especially for first-time sellers. That’s why we at Little Italy Condos have created this quick and simple guide to help you out:
Step 1: Do your research
The best way to prepare for selling your condo is by doing some research. Find out about the basics like the average time it takes to sell a condo and your legal responsibilities as a seller. Sellers in California are required to disclose in writing any defects that could affect the property’s desirability.
Look into other Little Italy condos for sale and see how long they were in the market as well as how much they sold for. Small differences like being on a different floor or condos at the end of the hall could have a big impact on the price as well.
When pricing your condo, it’s very important to get it right the first time. Pricing it too high might drive away potential buyers. But if you price it too low, you could end up losing a lot of money.
Step 2: Consider your condo’s homeowners’ association (HOA)
Before putting your condo on the market, find out if your HOA has any rules you need to follow and documents you need to gather for the sale. Doing this will make your transaction as quick and easy as possible.
You should also notify and disclose the rules, regulations, and fees of the HOA to any potential buyer. A review of the HOA rules and regulations is a fairly common contingency in condo real estate contracts. It’s also important that the HOA is aware of the arrival of a new tenant so they can easily reach out to them.
Step 3: Prepare your condo for staging
It’s important to show your condo in the best light possible. Make the space look and feel bigger by clearing out all your clutter. It’s also a good idea to depersonalize the space so it’s easier for potential buyers to imagine their lives in the condo.
Once your condo is decorated to perfection, you should walk around the house and see if anything needs to be repaired. Those small defects you’ve grown used to like a window that sticks or a broken cabinet door are easily noticeable to buyers. Most buyers tend to equate small problems as indicators of bigger underlying issues.
Step 4: Market your condo right
When marketing your condo, it’s best to highlight your building’s amenities, the strategic location, and overall lifestyle. Little Italy has a number of great selling points that will help in making your condo stand out above the rest. Check out some of our blog posts about this great neighborhood here.
Showcase some of your unit’s more unique qualities like breathtaking views of the North Bay from the balcony, a newly remodeled kitchen or bathroom, and the like.
Step 5: Hire an expert real estate agent
The most important factor to a successful condo sale is getting the right real estate agent for the job. Hiring the right real estate agent will make selling your condo a breeze. They will be able to get your listing price right, help you stageyour condos, and most important of all, create a comprehensive marketing strategy to really put your property out there.
It’s best to get a real estate agent that knows all about the area and has tons of experience with condo sales. Little Italy Condos is a trusted expert in the locale and will help you go above and beyond your real estate goals. Get in touch with us today by calling 619-322-2262 or send an email to Jorge(at)LittleItalyCondos(dotted)com.