How to Sell Your Condo and Buy a House: TOP 5 SELLER MISTAKES
Selling your condo can be a surprisingly time consuming and emotionally draining task, especially if youâ€™ve never done it before. Having a plan from the start and working with an experienced professional can help you avoid mistakes and get your home sold quickly and for top-dollar.
In this video, I give you my top-5 most common seller mistakes to avoid.
1) WRONG PRICE
Getting the right price is crucial to a successful sale. Pricing your condo too high will mean your property will likely sit on the market and ultimately sell for less than it could have.
Pricing your property too low means you may get an offer quickly, but you are leaving money on the table.
Pricing your condo is part art and part science. Often you wonâ€™t know youâ€™ve priced it wrong until itâ€™s too late.
2) NO PHOTOS
A picture is worth a 1000 words, yet thousands of listings still do not have any photos, let alone virtual tours and videos. Todayâ€™s buyers want instant gratification and they are not easily impressed. Having professional looking photos is absolutely essential to a successful sale.
3) POOR STAGING
So many sellers underestimate the importance of staging and how much it can contribute to your bottom line. Staging will help attract more buyers and more potential offers on your property. Your goal should be to make your condo look better than 95% of the condos on the market. Only the top-5% of all listings get top dollar.
4) SHOWING ROADBLOCKS
Showing roadblocks are anything the impedes potential buyers and real estate agents from showing your property. These can include un-co-operative tenants, unresponsive agents, and missing or hard to find keys. All these things can hurt your sale and ultimately leave less money in your pocket. For more info on this point, check out my video of the top-5 most common showing roadblocks.
5) UNCLEAR ROOM FUNCTIONS
Every room in your condo should have a clearly defined function. Keep it simple and donâ€™t try to do too much with each space. A buyer should be able to instantly recognize what each room is to be used for and start to picture themselves living in your condo. Staging can go a long way to making sure this happens.
I hope you enjoyed my top-5 tips for staging your condo for sale. If you are thinking about selling your condo and buying a house this year, I’d love to help. For more informationÂ contact me.