 Before
we set the sales price of your condo, I'll run a Comparative Market
Analysis (CMA) that will show the listing price of similar condos in
the area as well as the prices at which the condos actually sold.
Additionally, the analysis will give us information about condos
currently on the market and about condos that were on the market but
never sold.
Next, I'll ask you about your goals in selling
the condo. Everyone who sells a condo has different goals that need to
be factored in when calculating the selling price.
- Is your goal to get the maximum sales price for your condo?
- If so, are you willing to have your condo on the market for many months?
- Is your goal to sell your condo quickly?
- If so, are you willing to sacrifice some of your potential profits to sell more quickly?
- Would you like to establish a balance between selling your condo quickly and selling at the top end of market value?
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Market conditions will play a role in setting
the sales price of your condo. I'll factor in how quickly condos are
selling in your area, interest rates, the strength of the school
system, and finally whether it is a buyer's or seller's market.
I'll then recommend a price at which to list your condo to meet your goals in the local market.
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