East Vancouver is not only known for its diverse ethnic population, but also for the various housing options in the area developed to accommodate the increasing population. Because of the available options for housing – from single-detached houses to townhouses – your condos for sale may not be getting as much attention and offers from qualified buyers. As a seller, you don’t want your properties to be on the market for too long; you want them to be sold immediately and at a fair price.
You can follow some of the suggestions below to make sure potential buyers who’ve been eyeing your properties become interested enough to actually bid on them.
Work With a Trusted and Experienced Agent
One of the biggest mistakes you can make when it comes to selling real estate is not hiring an agent. Experienced real estate agents, like the ones employed by Real East Van, will be able to properly market your condos for sale, know where to have the properties listed, and give you advice regarding the sale of your properties. These agents will work for you and make sure that they have your best interests in mind when dealing with interested parties.
Consider Lowering the Price
Price is a major factor in every buyer’s decision to purchase a property. If the price of your condo unit is not attracting the attention of potential buyers, then it’s time to consider lowering the price. You may be hesitant about doing this because you don’t want to look like you’ll take any offer that comes your way, but you should consider the fact that your property has been on the market for too long, and that potential buyers might bid it up to market value with their offers anyway. Generally, the selling price should be reduced by a minimum of 2%.
Fix What Needs Fixing
Your condo unit may be located in a great neighborhood, but why haven’t you received decent offers despite numerous potential buyers dropping by and looking at the property? The answer is simple: buyers can see a deficiency in the unit. Once you find out what needs fixing, have it repaired immediately. Let potential buyers know that the problem has been fixed by noting the changes on the listing as well as posting photos of the changed area.
Deep Clean the Unit
Ideally, a deep cleaning of the property should be done even before putting it on the market. If you haven’t yet, then have it done immediately before the next viewing. Have the interiors and exteriors professionally cleaned, the walls repainted, and the old rugs and carpets replaced. All these can make the property much more appealing to buyers.
Sell Your House: 13 Tips for Selling Your Home, Reader’s Digest