It’s a seller’s market, and homes are selling incredibly fast at record high prices. If you’ve been considering selling a condo, you may be wondering how to maximize your return. Values are up, but so are the fees associated with selling a home with the help of a Realtor. Since it seems as if selling a home has never been easier, it leads us to wonder, is hiring a Realtor worth it?
With so many resources online to help, selling a home yourself without a Realtor is totally possible. If you’d like to potentially save yourself thousands of dollars on the cost of real estate commissions, here are a few things you should do while selling your condo yourself:
Price Your Condo Right
The key to a quick condo sale is pricing it right. In order to do that, you’ll have to do some research. Look up homes in your area that are similar in size, condition, and amenities and see how much they sold for. Then, do the same with homes that are currently on the market.
If you price your home competitively with the homes that are currently for sale and in line with the homes that recently sold, you should be able to attract the attention of plenty of buyers. Remember, the more buyers who see your home in person, the more likely you will get an offer.
Spend Time and Money on Marketing
Most home shoppers start their home search online by looking at pictures. It is a good idea to hire a professional real estate photographer to do your marketing photos. Professional photographers know how to highlight the areas in your condo in a way that makes buyers interested. Professional real estate photographers are not terribly expensive and usually charge based on square footage.
You’ll want to make sure to list your home for sale on all major home search websites. You may have to pay a small fee to get your home listed, but advertising online is something that is well worth the cost.
Keep in mind, even though you will not have a Realtor representing you, the person who buys your condo will likely hire a Realtor. If that is the case, you will probably end up having to cover their commission.
Be Available For Showings
You’ll want to make your condo accessible for showings for potential buyers. Buyers have short attention spans, so if your home isn’t available for them to see at their convenience, they will probably move on to the next.
Since homes are selling so quickly, you might want to consider hosting an open house on a Saturday or Sunday. Advertising your open house online and directing any would-be buyers to come through your condo between designated hours will make it easier for you since you won’t have to remember all of the single showing appointment times.
Consider Hiring Limited Representation
The marketing part of selling your home is pretty simple. What you want to focus a lot of attention on is what happens after a buyer expresses interest. You may want to consider working with a real estate agent who does limited representation to look over your purchase contract just to make sure there is nothing out of the ordinary. That way, since you are probably not familiar with the home buying a selling process, you don’t want to risk the buyer adding something into the purchase contract that ends up costing you money.
Every state has specific disclosure laws that, if ignored, could get you into hot water. Sellers who sell their condo without a Realtor are also liable for any legal ramifications, but having a limited representation agent to look through everything may help you avoid a lawsuit in the future. They will take over the risk of liability and are covered by what is called errors and omissions insurance in the event the buyer were to come back and try to sue.
Sell Your Condo Fast to a Reputable Cash Home Buyer
Does the thought of opening your condo up to strangers and having to negotiate terms sound overwhelming to you? Why not sell your condo to an all-cash investor. Cash buyers make the real estate process more manageable and can close quickly. You won’t have to worry about drawn-out inspection periods or financing falling through at the last minute. Plus, you won’t need a Realtor to represent you in the transaction, which gives you more control over the process.
Selling a Condo In Massachusetts?
If you have a condo to sell in Massachusetts, we can buy it (no matter what condition it is in)! We are local Massachusetts cash home buyers. We buy houses in Massachusetts in any condition and provide homeowners like you with the best possible cash offer without stress or hassle.
We are a family-run, locally owned company, and we are ready to help you sell your home no matter what the situation is. We will work with you to find a win-win solution. Plus, we don’t charge additional fees or commissions when we buy your house.
If you’d like to learn more, contact us here and let’s chat! 😊