5 Step Guide to Pricing Your Waterfront Condo in

Key Colony

Are you thinking of selling yourwaterfront condo in Key Colony thisspring? If the answer is yes, nowmight be the best time to start figuringout how much to list your home for.

Determining your asking price is one of themost crucial decisions you will make at thisstage. Why? Because your asking price isprobably the single biggest factor that willdetermine if your home sale will be a successor a failure. Your Key Colony waterfrontcondo might be exquisitely staged andstunningly impressive, but none of that willmatter if you list it at the wrong price.

So how do you set a competitive pricefor your home? Here’s a simple 5-stepguide that can help you:

1.Research.

Understanding the local market conditionsis the key to coming up with the rightprice. Resist the urge to base your price onthe amount you paid for the home whenyou first bought it. This will onlycomplicate things and will likely give you afalse information on your home’s value.

1.Research.

If you’re having sellers market, you’llhave more flexibility with yourpricing, whereas if you’re havingbuyers market, you may need tolower your price to attract theinterest of potential buyers.

2. Check out the competition. Are there a lot of homes for sale in your area? What’sthe price range and conditions of these homes? Howlong have they been staying on the market? Thereare plenty of real estate mobile apps that can helpyou obtain this information on the go. Althoughthese homes may have different upgrades andamenities to offer, the information you’ll get will giveyou a fair idea of home much your Key Colonywaterfront condo’s worth could be.

2. Check out the competition.

You can check outwww.MiamiRivieraHomes.com to findout more about comparable homes inyour area.

3. Hire a REALTOR®.

You’ll better understand the impact of thesemarket trends on your asking price if youhave an experienced Key BiscayneREALTOR® explain them to you. Since he orshe is most likely active in the localmarketplace, you’ll have all the help you needwhen it comes not only to pricing but withmarketing, negotiation and closing as well.

4. Get a home inspection.These days it’s not only buyers who hire a homeinspector, sellers get pre-listing inspections, too. Apre-listing inspection is a great tool in helping youcome up with a realistic price for your home. Forexample, if the inspection results showed that yourHVAC system already has some significant wearand tear and needs to be replaced, you should takethat into consideration when pricing your homefor sale.

5. Be objective. Try to emotionally detach yourself from the propertyand see your home through the eyes of the buyers.This may be a little difficult to do especially if youdeem your home to be priceless. Always rememberthat potential buyers don’t share the samesentiments. For them, it’s just another house andthey won’t pay for your emotional attachment. Askyourself, “If I were a buyer, how much will I bewilling to pay for this home?”

When you’ve finally decided to put yourKey Colony Key Biscayne beachfrontcondo in the market, it is important toprice it right at the start. This will helpyou get the best possible price andterms and most likely lead to a verysuccessful sale!

Need help in selling your KeyColony Key Biscayne oceanfront

condo? Call me, Alicia Ale at

305-586-4160. Let’s makehome selling a good experiencefor you!