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8 Tips to Help your Condo Sell Fast

 

The keys to selling your condo fast are preparation and presentation. Condo buyers are always on the lookout for new listings. The longer your home stays on the market, the slimmer its chances of getting an offer. As a seller, you should aim to catch their attention and make them interested enough to see your home. And when they come visiting, you should be able to present your home at its best. Here are some tips that will ensure your condo a quick sale;

  1. Clean up – Start preparing your home with a general clean up. Wash curtains and windows, scrub floors, the bathroom and kitchen sink and have the carpet professionally cleaned. Empty cabinets, cupboards and closets. Start packing and remove all personal effects – pictures, personal collections and most of your clothes from the condo.
  2. Fix and improve – Make sure you don’t have that funny sound when you turn on the sink faucet or flush the toilet bowl. Replace old light bulbs, stained shower curtains and damaged door handles, dripping faucets and old faded carpet. Repaint the walls with neutral colours, polish knobs and handles.
  3. Stage your home – Home staging is the process of dressing up your home to present its best features to possible buyers. Professional stagers will recommend setting up rooms as they are intended to be. Declutter, depersonalise and decorate. Let natural light in and freshen the air.
  4. Take professional photos – Before they even decide to see your condo for sale, buyers will first see and judge your condo online and on other marketing channels. Impress your would-be buyers with professionally taken photos (Realtors usually take care of this service). Most buyers will likely skip listings with amateur photos. Real estate photographers will know how to showcase the best features of your home and enhance its chances of selling fast.  
  5. Price appropriately – Prices are always amongst the top considerations of home buyers. It is often a deal breaker and is used to screen home choices. Price it too high and you drove buyers away, price it too low and you may cast a doubt on the integrity of your home. 
  6. Freshen the air – Bad smell and stale air are big turnoffs. The smell is a big part of your home’s ambience, and it will be one of the first things that buyers will notice when they visit your home. Start freshening the air at least a week before your first showing. Do not try to mask bad odours with synthetic fresheners, it will only make things worse. Wash or take out all the smelly stuff, clean the home and add natural homey scents like a bunch of fresh flowers, fruit bowls or newly baked pastries.
  7. Let your buyers negotiate – When setting the price, if possible include a little room for negotiation. The buyer will always try to ask for a lower price (if it is not a multiple offer situation). Be reasonable, if you cannot meet their price, a little discount will always give them an optimistic nudge. 
  8. List with a condo real estate agent – Selling a condo differs from selling a house or any other property. Condo realtors specialise in condominium sales, documents and market review and usually have a database with purchasers specifically interestd in condominiums. 


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Toronto Real Estate Board - IDX Last Updated: 12/13/2018 8:44:29 PM