Jay Allen's Blog
10 Nuttall Ln, Worcester, MA 01604
Looking for opportunities to diversify your investment portfolio? Real estate might be just the thing! Now offering residential & commercial sales/leasing services to those with an appetite for profitable alternatives to stock market investing.
5 Maria Cir, Milford, MA 01757
$275,000 Price $294,000 Sale Price
Selling a condo may seem like a tall task, particularly for those who plan to list a property on the real estate market for the first time. However, condo sellers can take the guesswork out of listing a property and maximizing its value if they consider a few simple questions, such as:
1. How Much Is My Condo Worth?
The price that you paid for your condo initially is unlikely to match your property's worth today. As such, you'll want have a real estate professional conduct research into the real estate market to assess your condo's worth and price your property accordingly.
2. What Sets My Condo Apart from Others That Are Available?
Before you add your condo to the real estate market, you'll want to consider features that may help your property stand out from others that are available.
For example, if you live in a condo community that offers access to a swimming pool and tennis courts, you'll want to include this information in your property listing. Or, if your condo provides a reserved parking spot for you and additional parking for guests, you'll want to provide condo buyers with these details as well.
As a condo seller, you'll want to do whatever you can to differentiate your property from others, regardless of whether you list your residence in a buyer's or seller's market. If you highlight features that help your condo stand out, you can stir up significant interest in your residence as soon as it becomes available.
3. What Information Should I Have Ready To Share With Prospective Buyers?
Condo buyers will want a clear statement about what the condo fee covers. This should be present in your marketing. Also, be ready with a copy of the Rules & Regulations for the complex. This document will provide valuable information on pet policies, parking instructions, age restrictions (55+ communities), and use of common areas/pools/tennis courts/function rooms, etc. Your buyers will want to know all this information...so why wait for them to ask? Provide it to them on day #1 of the listing.
Buyers financing a condo are required to prove two things to their lender: 1. that they are financially capable of purchasing the condo, and 2. that the condo association meets their lender guidelines and are in good financial standing. The latter is determined by review of a document called the Condo Questionnaire. Most condo associations have a standard Condo Questionnaire filled out and on hand to provide to lenders. Request a copy early in the pre-listing process so you can have this document ready to show to buyers.
43 Church St., Marlborough, MA 01752
Ready to buy a condo? With help from an expert real estate agent, you can make your condo ownership dreams come true.
An expert real estate agent will go the extra mile to ensure you can purchase a top-notch condo at an unbeatable price. In addition, this real estate professional will make it easy to discover a superior condo without delay.
Ultimately, an expert real estate agent can make a world of difference during a condo search. But it is important to note that there are many factors to consider as you evaluate a real estate agentl.
Key factors that a condo buyer should consider when he or she assesses a real estate agent include:
1. Industry Experience
How many years has a real estate agent worked with condo buyers? Has a real estate agent been successful in his or her efforts to help condo buyers? And how will this housing market professional handle difficult negotiations with a condo seller? These are some of the questions to consider as you examine a real estate agent's industry experience.
When it comes to assessing a real estate agent, industry experience is key. A real estate professional who understands the ins and outs of buying a condo should have no trouble helping you purchase a superb property that matches or exceeds your expectations.
2. Communication Skills
How a real estate agent communicates with his or her clients says a lot about this professional.
If a real estate agent strives to stay in touch with clients via text, phone and email, this housing market professional likely will be able to keep a condo buyer informed at each stage of the property buying cycle.
On the other hand, a real estate agent who fails to prioritize effective communication may struggle to help a condo buyer. This housing market professional may be unavailable if a condo buyer has concerns or questions. As a result, a condo buyer is unlikely to get the support that he or she needs to make an informed property buying decision.
Meeting directly with a real estate agent can give you a better idea about his or her communication skills. If you feel comfortable with a real estate agent after a face-to-face discussion, you may want to consider moving forward with this housing market professional.
3. Client Referrals
What are previous condo buyers saying about a real estate agent? Request client referrals from a real estate agent, and you can find out how he or she has supported condo buyers in the past.
Client referrals enable you to understand what it's like to work with a real estate agent and can provide you with insights that you may struggle to obtain elsewhere. Moreover, client referrals can help you accelerate the process of choosing the right real estate agent to guide you along the condo buying journey.
For condo buyers, there is no need to worry as you prepare to enter the housing market. Instead, use these tips, and you can find a first-rate real estate agent who will ensure you can purchase your dream condo.