1. Learn About The Selling Process
Selling a condo in Philadelphia is not exactly the same as selling a single-family home. One of the biggest differences is that condos are often subject to rules and regulations of a homeowners association. As the seller, it’s incumbent upon you to disclose to potential buyers the regulations, fees, and potential assessments of the condo association. Commonly, a sales contract for a condo will include a contingency giving the buyers a chance to review all association rules before moving forward with the sale of the home.
2. Hire a Real Estate Agent Who Knows How to Sell Condos
Allan Domb Real Estate has been selling homes in Center City Philadelphia for almost 40 years. In that time, we have sold more luxury condominiums than any other REALTOR®. We are experts in the local market, and the number one goal of our team of experienced marketers and sales professionals is to achieve the highest price possible in the shortest amount of time. We create a marketing plan specific to your condo and coordinate every step of the transaction from staging through settlement.
3. Choose the Best Listing Price
Pricing your condo right is one of the most important decisions of the entire sale process.
It’s important to find the sweet spot in which your home will be priced appropriately for the current market. This will attract interested buyers while also maximizing the sale price for your condo, given its current condition and what the market will bear. An experienced real estate agent will know how to recommend a listing price based on the current market value of your home and other data about the current Philadelphia real estate market.
4. Get Your Condo Ready For The Market
When your condo goes up for sale, you want it to be as attractive as possible to buyers—both in photos and in person—so they can envision themselves living there. Having a clean, organized space is most critical. Additional cosmetic fixes and staging can be discussed with your real estate agent to determine which projects might be worth the money.
5. Accommodate Showing Requests
The best way to ensure that your condo gets sold is to make showings available for potential buyers. Requests for showings can be frequent and can happen at varying hours of the day. It will likely feel inconvenient to have to leave your residence repeatedly over the course of several days or weeks. Making some preparations ahead of time will help this stage of the sales process feel less cumbersome. Have a few locations on stand-by where you can go when showings occur—a neighbor’s condo, a nearby park, a favorite coffee shop.
If you’re considering selling your Philadelphia condo, reach out to Allan Domb Real Estate today to learn how we can help you.