If you’re concerned about how to sell a condo fast, then fear no more. Condos are often smaller, less expensive and require less upkeep than houses, which reliably attracts certain types of buyers. There are also certain things you can do that guarantee your ability to sell a condo fast in any market– read on for all the tips and tricks you need to know to sell a condo fast.
How to Price My Condo to Sell?
The asking price is the first thing potential buyers consider — after all, if it’s out of their budget they won’t even consider looking at the property. Generally, the lower the asking price, the quicker it sells. This doesn’t mean your first reaction should be to lower the price since this means less profits for you.
On the adverse, if your home is priced too low, then it leaves a negative impression with buyers as well. Super low prices make buyers worried that something is wrong with the condo and they might be too suspicious to give your property a second look.
Consult with a realtor or have comparables done to make sure your condo is well within the average asking price for condos similar to your own. If you have some wiggle room on the asking price then determine if lowering the price is the right move for you to sell your home quickly.
Sell at the Right Time
Certain months make for better selling times in Utah, so if you have some flexibility on when you list your condo, consider holding off for high-buy months like April, May and June. Since most buyers of condos tend to be single, retired or newlyweds you have extra flexibility (families with children tend to buy when their kids are on summer break). Trying to sell in November and December is not ideal and may keep your condo on the MLS long past the average time.
Extra Steps to Help Your Condo Sell Faster
Know your HOA
Often a condo is managed by a home owners/condo association which means there are rules you need to know about before selling your condo. Some HOA’s will make rules about who you can (and can’t) sell to, so don’t waste your time listing a condo without being sure of all the rules first. You might find that your HOA doesn’t allow “For Sale” signs to be posted either, so take some time to learn the in’s and outs of selling a condo in your HOA to save you time and effort.
Stage your Condo
Staging a condo involves taking out a lot of the more personal items such as photos on the walls and knick knacks on the shelves before showing your home. Staging can also involve rearranging furniture and bringing in new pieces of art or decor. Unless you have a natural talent for interior design it’s best to hire a home stager to work with you to show your condo at it’s very best. While this is an extra cost and an extra step, having your condo professionally staged can make all the difference in selling quickly and for the right price.
Take Professional Photos
The great majority of potential buyers don’t even visit a home in person until they have looked at all the photos online. Having quality photos that show your condo in great light will make a huge difference in getting buyers to come check out your home. Even the most beautiful condo can end up looking dingy or boring with poorly lit, cluttered, odd angled photos. Hire a photographer or read up on tips for taking real estate photos to get the very best interior photos of your home online.
Update or Fix your Condo
Major repairs or out-of-date carpet and fixtures can be an obstacle to being able to sell a condo fast. Take some time to update the paint or replace flooring before listing your condo. If you have a broken heating and air unit or water heater, then you’ll want to fix that to draw in serious buyers. The good news is, condos don’t have a need for many of the more expensive home repairs you would encounter with a single family home.
Sell to A Real Estate Investor
If you need to sell a condo or a townhome fast and in any condition, then working with a house buying company is always the fastest way to go. House buying companies like Gary Buys Houses are in the business of buying homes and condos and reselling them for a profit, or renting them out. Investors like Gary have cash to move quickly, closing on your home in less than a week and without all the staging, fixing, and repairs and listing time and effort needed.
The process is simple, fill out the form online to get in touch with Gary to start the conversation about your property and receive an offer on your home as quickly as 15 minutes in to your conversation. Gary Buys Houses is a trusted, local Utah company that has been purchasing condos and homes for the past 12 years. If you’re interesting in selling a condo fast then reach out to Gary for a quick cash offer today.
Benefits of Selling a Condo to a House Buying Company
- As mentioned before, selling to an investor means you are able to sell a condo fast, a huge plus if you need to move quickly or have to close on your condo before qualifying for a new loan.
- You receive a cash offer — no mortgages or 3rd party to work with, no excessive paperwork and property inspections. A simple cash offer and the deal is taken care of.
- If you live in an older condo or there are major repairs and updates needed your condo would not sell fast the traditional way. A real estate investor buys condos in any condition and work with their own team to repair and renovate after they have purchased your property. Working with a house buying company means you don’t have to drop thousands of dollars into home repairs and upgrades that you’ll never even get to enjoy since you’re selling your house.
- Selling a condo to a Gary Buys Houses is hassle free — no realtor commissions cutting into profit, no walk throughs and showings, and no need for home inspection reports and staging a house.