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11 tips when selling your Boston condo the first time
Today’s Boston real estate housing market is full of unprecedented opportunities. High buyer demand paired with record-low Boston condo for sale inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid costly mistakes and win big when you make a move.
Let’s start off with the three main ones:
1. Price Your House Right
When inventory is low, like it is in the current real estate market, it’s common to think buyers will pay whatever we ask when setting a listing price. Believe it or not, that’s not always true. Even in a sellers’ market, listing your house for the right price will maximize the number of buyers that see your house. This creates the best environment for bidding wars, which in turn are more likely to increase the final sale price. A real estate professional is the best person to help you set the best price for your house so you can achieve your financial goals.
2. Keep Your Emotions in Check
Today, homeowners are living in their houses for a longer period of time. Since 1985, the average time a homeowner owned their home, or their tenure, has increased from 5 to 10 years (See graph below):
This is several years longer than what used to be the historical norm. The side effect, however, is when you stay in one place for so long, you may get even more emotionally attached to your space. If it’s the first home you purchased or the house where your children grew up, it very likely means something extra special to you. Every room has memories, and it’s hard to detach from that sentimental value.
For some homeowners, that connection makes it even harder to separate the emotional value of the house from the fair market price. That’s why you need a real estate professional to help you with the negotiations along the way.
3. Stage Your House Properly
We’re generally quite proud of our décor and how we’ve customized our houses to make them our own unique homes. However, not all buyers will feel the same way about your design and personal touches. That’s why it’s so important to make sure you stage your house with the buyer in mind.
Buyers want to envision themselves in the space so it truly feels like it could be their own. They need to see themselves inside with their furniture and keepsakes – not your pictures and decorations. Stage, clean, and declutter so they can visualize their own dreams as they walk through each room. A real estate professional can help you with tips to get your home ready to stage and sell.
When you search Google to learn more about selling your Boston condo for the first time you will find some good and not-so-good information. This article is written for those of you who are feeling a bit daunted about listing your condominium for sale and want to find comfort in what to expect throughout the process.
Without further ado….
11 tips when selling a home for the first time
- Set an appropriate listing price
- Ask a Realtor the best ways of preparing your home
- Strategize the best time to sell your house
- Interview a few agents
- Be flexible to maximize your chances
- Open Houses
- Professional Marketing Photography
- Review your listing online
- Respond promptly to offers and be transparent
- Let the buyers feel like they’ve won
- Keep your emotions in check
Bottom Line
Today’s sellers’ market might be your best chance to make a move. If you’re considering selling your house, let’s connect today so you have the expert guidance you need to navigate through the process and prioritize these key elements.
