10 Common Mistakes Condo Sellers Make – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack on December 27, 2010

in Latest News, Sellers

The winter months are traditionally the slowest in the housing market for single family homes. However, condos are less cyclical and in the Arlington area, sell year round. For prospective home buyers and sellers, there have been some signs of firming in the housing market.

While buyers have a slight upper hand these days, sellers aren’t completely hamstrung. They just need to know what it takes to stand out in a crowded market and how to appeal to buyers without sacrificing too much financially.

To get the best deal when selling your home, try to avoid these all-too common mistakes.

1. Setting the price too high.

Sure, you may have bought your house at the market peak, but be aware of the correction that’s since taken place. Don’t base your price on what you want, what you need, what your neighbor’s place sold for last year, or what your friends say it is worth. Base your price on what the market says it is worth.

To price your property appropriately, find out what comparable condos in the area sold for recently and how long they stayed on the market. Try this automated tool that generates two estimates, one from Zillow and one from CyberHomes. If your listed price is significantly out of sync with these results, you’ll probably have a hard time attracting buyers.

via clarendon.patch.com for the complete article

check out this great article and read the top 10 mistakes that condo owners make when deciding to sell! To learn what your condo will sell for today, contact the Mack Team and get a free market analysis!

Posted on Irvine Orange County Real Estate Market News

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