Avoid These Common Seller Blunders

Doing it on your own

From pricing your condo correctly to negotiating with potential buyers, an experienced agent can assist you every step of the way. Not to mention, hiring the right agent will ensure that you sell your condo quickly and for a higher price than if you try to sell it on your own.

Did you know that?

Homes sold For Sale By Owner (FSBO) sold for approximately 26% less than properties represented by real estate agents.
Instant offer sites charge a lot of fees and pay less than the market value for your home.

Hiring a skilled realtor will increase the exposure of your home, provide you with a skilled negotiator to advocate on your behalf, and provide you with someone looking out for your best interests and bottom line.

Staying in a condo you dislike

Have you outgrown your current residence? Are you unhappy with your current neighbourhood or commute? Is it time to downsize your home or upsize? Or do you simply desire an upgrade (or a new and beautiful kitchen)?

There is no such thing as the “perfect time” to make a move; the time is right when you are no longer satisfied with your current location and have the financial means to change it.

Life is too short to spend it in a home you don’t enjoy. Moving to a new home that better suits your needs, lifestyle, and personality can have a life-changing impact. Don’t settle for anything less than a place that makes you happy, comfortable, and inspired.

Not preparing your condo for sale

Preparing your condominium for the market is critical because it creates a positive first impression, allows you to stand out from the competition, allows buyers to imagine themselves living in the home, and will help you sell quickly and for top dollar.

This includes decluttering, deep cleaning, depersonalization, organising, home staging, and even minor improvements such as a fresh coat of paint, replacing dated light fixtures, or replacing old carpets.

Even in a seller’s market, it’s critical to get your place ready to sell!

Overpricing for your condominium

The single most important factor to consider when selling your condo is pricing it correctly.

When your property is first listed, it generates the most interest, and the majority of showings take place within the first 30 days. Buyers have access to online home valuation tools and understand when a condominium is overpriced; very few buyers will even make an offer on an overpriced home; instead, they will wait for the price to drop. Furthermore, after your place has been on the market for several weeks or months, buyers will notice the number of days on market and may assume something is wrong with it.

In the end, overpricing may result in you making less money than if you had priced your condo correctly when it was first listed. A well-priced home will generate more interest and sell faster.