The first tip for selling a condo is to educate yourself on the process so you understand what to expect throughout the process. Of the 250 largest metro areas, here are the areas where homes are sold the quickest (between 36 and 45 days), areas where homes sell in roughly two months (around the average of 68 days), and the slowest-moving markets, where it takes four months or more to close a deal. Selling a condo is considerably different than selling a single family residence however. Many moving companies are booked out weeks or even months in advance, so waiting until the last minute can create a huge issue if no reputable moving companies are able to help with your move. Sellers who understand how to prepare for a home inspection greatly decrease the chances that the transaction falls through because of the inspection. Whether your plan is to move to a new city or move to a bordering neighborhood, packing and preparing for the move is important and can greatly reduce stress. Also, smart condo owners obtain an appraisal before pricing their condominiums for sale. I can help answer any tough questions you may have. Guerra is a former realtor, real-estate salesperson, associate broker and real-estate education instructor. How do you market condos to prospective buyers who’re. 2.) They are the best!" When selling a condo, it’s critical that you hire a Realtor® who knows how to sell a condo. When selling a single family home, it’s unlikely that an HOA is involved which typically makes the process easier because fewer parties are involved. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Have questions about buying or selling a home? Know what to expect by reviewing the following 4 factors and utilizing these tips: 1. There are many tips for interviewing real estate agents when selling a condo and also some specific questions you should consider asking prospective agents. Five years ago, the median number of days on market was 11 weeks. Many newer complexes offer popular amenities such as on-site gyms, concierge services, picnic and pool areas and covered parking. When a House Is Listed as Government Owned, What Does That Mean? Anytime a seller is being difficult with showing requests, it raises the question whether they’re actually interested in selling their property. There are some great cheap staging tips to consider if you don’t want to spend a lot of money on staging your condo. In Episode 7, we talked about things to avoid when preparing a condo for sale and in Episodes 5 & 6 we talked about how to prepare your condo unit for sale and the option of home staging.. Today, we’re going to talk about timing the Vancouver Real Estate Market and the best time to sell a condo. I have no problem with agents hosting open houses, as long as they’ve made it clear with the seller what the PROs and CONs are. For some buyers, a seller who is organized and knowledgeable about their condo could make the difference. Between price, location and market climate – there are many elements to consider. Sellers who’re fully aware of and follow the advice of the 10 tips above improve the chances of a smooth condo sale. Then, they can simply look for new furniture later when the time comes to settle down again. 2020 Re/Max Realty Group. Are Condos Harder to Sell Than Regular Single-Family Homes? In addition to putting belongings into boxes or storage, lining up a moving company in advance is also important. Real estate agents will take all these factors into consideration and sell your home for what they think you can get for it. There are many mistakes made when pricing real estate that you must be aware of when selling a condo. Should I Sell or Rent My Condo When I Move? 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