There's a lot to consider when it comes to selling your apartment. The market will ultimately have an impact on the pricing of your home and the number of days it will take to sell. Ultimately there's nothing like a first impression. Statistics show you'll have twice the amount of traffic at your first open house vs any other open house you'll host. You'll want to get it right the first time. The last thing you want to do is overprice, sit, and chase the market down. No one likes wasting time and losing money. The goal is to sell for the highest price as quick and as smooth as possible. So how do you do it? Below are tips to think about.

 

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TIPS TO SELLING YOUR APARTMENT

  • Know Your Market: Understanding where the market is at will give you insight so you can set your expectations.

  • Know Your Value: The most accurate value derives from recent sales in your building, specifically with the same layout you have. You'll need to know when they sold, how much they sold for, what floor they were on, and what condition they were in.

  • Know Your Building: Been a while since you sold? Regardless you'll need to know if and what restrictions there are for potential buyers.

  • Marketing: Know whom you'll market to and how you'll do it. What is your budget and expectations?

  • Sell Your Strengths: What is it about your home that a potential buyer would value most? How do you address your weaknesses?

  • Get Advice: No one says you have to hire an agent but it would be a good idea to consult with a professional. Every situation is unique and real estate agents are more active and experienced than you are. Free advice couldn't hurt.

  • Have A Deadline: How much time will you give yourself until you lower your price? What is the reason you are selling in the first place? Does that have a timeline? How much time needs to pass by before you hire a professional?

  • Be Prepared To Fail: You need to be ok that you might fail. That you might spend a lot of your precious time only to achieve a price you didn't expect in a process you didn't anticipate being so difficult. At the end of the day, you can go to court without an attorney with the idea that you'll save money and be ok because you're a smart person. After a few nights on the internet, how hard could it be? 

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CONCLUSION

You might ask yourself, "What is the most effective way of accomplishing these?" How do you price right without leaving money on the table, market aggressively without spending too much, qualify a buyer, and negotiate like an expert all in a timely manner? Well, I've got an idea ----> Use a professional ;)

The good news is our site is full of free information and we're always up for a chat. You can also always ask us a question on our hit web series "A Minute With Michael". Maybe you'll get enough confidence to do it all yourself or perhaps come to the conclusion it's probably best you leave it to a professional. Majority of buyers work with a real estate agent which means your goal after marketing, negotiating, and all the work in between is to save 2-3%. Click HERE to set an appointment with us.

 

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