6 Tips for Getting Top Dollar for Your Condo

6 Tips for Getting Top Dollar for Your Condo

Are you ready to list your condo in 2022 and find a new home? It’s a good time to sell your Fort Lauderdale condo, because it’s currently experiencing a strong buyer’s market. Ft. Lauderdale condos are in high demand. This means that there is more competition than available listings. If you’re smart, you might get an offer quickly. We have some top tips to make sure you get the best possible outcome from your condo sale.

1. Declutter

You need to encourage potential buyers to make offers on your condo. This is the purpose of staging and decluttering. It involves arranging and replacing furniture and making your condo more spacious. According to 83%, it makes it easier for potential buyers and sellers to see themselves living in a home that is properly decluttered. Decluttering a house can increase offers by up to 5%, and decrease the time it is on the market.

Virtual staging is a new service that many condos have been selling. This involves taking digital photos of your rooms, and then using photo-editing software to add the perfect furniture and decor. Virtual Staging can be a great solution for vacant units. It will bring in more buyers and help them make an offer. Virtual staging can be used online for marketing, listing and virtual tours.

A realtor who is committed to marketing your property at its best, including professional photography, virtual staging and postcards.

2. It’s important to price it right

Ft. Lauderdale condo owners can be tempted to price their property too high in order to get more for their investment. The best way to get your target market interested in your home and to make offers is to set a fair price. You can do this by having your realtor conduct a comparative market analysis. This will look at what comparable condos have sold for in your area. It will help you get multiple offers, and possibly even a bidding war, which will result in offers higher than your asking price.

3. Keep it up to date

Condo buyers aren’t looking for a fixer-upper. The buyers want to be able to move in and enjoy their new home immediately. They don’t need to make costly repairs or replace outdated flooring. Condo renovations are more profitable than single-family homes. You can boost your ROI by making some interior upgrades, such as new countertops in quartz or granite or hardwood flooring with soundproof underlay. These are all great ways to increase your condo’s value and look good.

4. Accentuate the Amenities

You get certain amenities in exchange for paying a fee to live in your condominium complex. These fees can vary from one building to another, but most people looking for condos in Fort Lauderdale will base their purchase decision on the unit and what is included in the complex’s fees. It is important to disclose the monthly fees in your listing. Also, make sure that the focus is on the benefits the new owner will receive in return. Are fees for utilities such as water and sewer? Does cable TV come with a subscription? Is there a concierge or doorman in your building? Is there a sundeck, pool, or lounge in your building? To encourage buyers to offer higher prices, highlight the unique features that make your building stand out from other buildings in the area.

This post was written by a real estate expert from the Dotoli group. Josh Dotoli is Paramount Residences #1 Selling Realtor with nine sales in 2021, 3x more sales than any other Realtor selling in the building. The Paramount Residences enjoys a prime beach area location. It is a Ft. Lauderdale oceanfront condo located across from the beach. Looking for a Paramount Fort Lauderdale Floor Plans? Contact us today!

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