How Did My Neighbor Get 76,000K (22%) More for Her Condo in 6 Months?

By
Real Estate Agent with Dove Realty Inc.

How Did My Neighbor Get 76,000K (22%) More for Her Condo in 6 Months?

 

 

This is what the owner of condo A had to be asking herself when Condo B closed. Same square footage, and the same floor plan. Even our furiously paced market cannot account for this difference. So what was it?

 

1)  I have to give credit to my seller, she listened to me and implemented all of my recommendations.

                       

A) She put $6,000 into updates including painting the interior and a light kitchen remodel (butcher block countertops, subway tile backsplash, and new hardware).

 

B)  She provided the buyers with a complete inspection report and the resale certificate, thus increasing multiple offers. (if buyers don’t have to pay for an inspection on a property they may or may not get, they are more inclined to write an offer).

C)  Marketing  By employing advanced staging techniques and state of the art photography I was able to present the condo in in it’s very best light.

D) Using all the tools available- This complex was originally built with a communal  laundry room. And although the HOA allowed owners to install washer/dryers in their units, there is no field in the Listing Impute form to indicate this…so I used the text space under the photos to over come this stumbling block. It’s amazing how many agents never bother to utilize this opportunity.

 

Comments (1)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

The right updates that are not major outlay of money cna bring a lot of equity back

Mar 02, 2018 02:06 AM