Boston Real Estate for Sale 

Loading...

Kiss of death when selling a Boston condo

In today’s blog post I’ve provided a video that discusses the kiss of death when selling a Boston condo.

Selling your Boston condo is often an emotional experience, especially if you’ve lived in it for an extended period of time. For a variety of reasons, sellers are often deeply attached to the place they’ve called home for years.

That is wonderful, but it’s critically important that you don’t let your emotions completely take over your thought process when pricing the home for sale. Here are some steps that will greatly improve your chances of making a quick sale.

In a highly competitive market with very low housing inventory, pricing your home fairly can pay big dividends. It can generate high buyer interest and potentially attract multiple offers. The ensuing bidding war can often drive the final offer well above the listing price. So how do you determine the appropriate price? You can start by stepping back in order to objectively and thoroughly assess the current state of the market.

This involves research and some number-crunching. To get an accurate comp, you must focus on properties with similar characteristics to your home. If your house is showing a little wear and tear, comparing it with a newly built home around the corner serves little or no purpose.

We are definitely in a seller’s market. A recent Redfin Housing Report found that 36% of homes for sale sold above the list price, and the number of homes on the market was down nearly 50% year over year. In this environment, it may be tempting to price high, but this can work against you if your home doesn’t sell quickly. If a property sits on the market for more than a month, there’s a good chance that it won’t sell at its current price. Don’t wait too long to reduce the price or you may be in for an expensive and painful ordeal.

Don’t sell your Boston condominium short.

Pricing a downtown Boston condo too low can also cost you in the end. Every seller’s life situation is different. Someone who has already bought another property and is reluctant to carry two mortgages will undoubtedly want to close the deal as quickly as possible by setting a low price. This approach can be risky. Some prospective buyers will assume that this falls into the “too good to be true” category, especially in a hot market. It can raise doubts in their minds. They might think to themselves, “There must be something wrong with the house.” For sellers, discipline and patience will usually pay off. Impatience and desperation on such a large transaction rarely do.

Rely on a downtown Boston Broker

Reputable and experienced agents with intimate knowledge of the area are invaluable (check Google Reviews) when you are trying to determine the right price for a Boston condo sale. They can help you objectively evaluate the market and prevent you from overpricing or underpricing your condominium. You want someone who is going to offer honest opinions and steer you in the right direction. It’s important to take the time to find an agent who you feel you can trust completely. Do your due diligence and interview several agents before making a decision. Ask friends and family members for their recommendations.

If you prepare and then follow a well-thought-out strategy before putting your home on the market, you will greatly increase the likelihood of achieving a successful outcome. Your positive memories of the house won’t be marred by a long and costly sales process.

Boston condos for sale

Beacon Hill condos for sale

Back Bay Boston condos for sale 
Beacon Hill  Boston condos for sale
Charlestown Boston condos for sale
Navy Yard Charlestown  Boston condos
Dorchester Boston condos for sale
Fenway  Boston condos for sale
Jamaica Plain Boston condos for sale
Leather District Boston condos for sale
Midtown/Downtown  Boston condos for sale
Seaport District Boston condos for sale
South Boston condos for sale
South End Boston condos for sale 
Waterfront condos for sale 
North End condos for sale
West End  condos for sale
East Boston condos for sale

Boston condos for sale near Beacon Hill

Back Bay Boston condos 
Beacon Hill  Boston condos
Charlestown Boston condos
Navy Yard Charlestown  Boston condos
Dorchester Boston condos
Fenway  Boston condos
Jamaica Plain Boston condos
Leather District Boston condos
Midtown  Boston condos
Seaport District Boston condos
South Boston new condos
South End new condos 
Waterfront new condos 
North End  new condos 
West End new condos
East Boston condos

Condos around Beacon Hill to rent:


Beacon Hill Condos for Rent

Beacon Hill condos for rent updated hourly

Boston Real Estate for Sale 

Loading...

Call Now