Should I List My Key Biscayne Waterfront Condo Now?
Selling a home is not always an easy decision to make. A home is a major investment and you’ll naturally want a successful sale to get the best return for your investment. If you’re still undecided on whether you should put your Key Colony Key Biscayne waterfront condo on the market, here are some questions that can help you decide:
Why am I Selling?
Your reason for selling is the most important factor in determining the right time to list your home. Your reasons may be personal such as job change, retirement to a different location and desire to be closer to family members, or financial in nature (increase or decrease in income, debts, etc.).
Your reason also dictates the urgency of the sale. If you’re in a rush to sell and move, it’s better to list the home right away and be prepared to accept a lower price or other concessions.
The main objective is to maximize the value of your home and make a successful sale within your allotted time frame. Once you have made up your mind that you want to sell, it’s time to look at the other factors that will affect the success of your sale.
Is it the right season?
Many sellers opt to put their homes in the market in the spring because that’s when many buyers are looking. Summer is also a great season for those homes are located in sought-after school districts because buyers with school-age children want to settle in before school starts.
Fortunately for you, Florida has a year-long good weather which appeals to many young professionals and empty-nesters. This means sellers of waterfront condos in Key Colony Key Biscayne FL have a high chance of successfully selling any time of the year regardless of the season.
Are the current market conditions in my favor?
The following essential market factors will determine if the market is in your favor or not:
- Buyers’ market vs. sellers’ market.
- Interest rates.
- Number of days comparable homes stay on the market.
If these market conditions are in your favor, you’ll have better chances of having a successful sale. Although the real estate market is unpredictable, you can check recent sales price of comparable homes in your community to get your home’s fair market value and come up with a good listing price.
You can visit www.MiamiRivieraHomes.com to know more about comparables and homes for sale in the Key Colony Key Biscayne area.
How long will it take to prepare my home?
Preparing your home for showings also takes time. The whole process of cleaning, decluttering, repairing and staging your home may take weeks, even months to complete. You may also need to invest a little for some upgrades in your Key Colony Key Biscayne beachfront condo to make it more attractive to potential buyers.
Can I afford the moving costs?
Another key factor in determining factor if you’re ready to sell now is the moving costs. Moving from one home to another isn’t cheap especially if you’re moving across the country. Can you afford the price of hiring professional movers as well as the amount of insurance and other expense?
The questions listed above will help you determine if you’re ready to list your home now. If you need an expert’s advice, don’t hesitate to ask an experienced Key Biscayne real estate agent. Once you’ve made the decision to sell, it’s time to get the ball rolling!
If you need help in selling your Key Colony Key Biscayne oceanfront condo and for any other real-estate related inquiries including home inspections, call me, Alicia Ale, at 305-586-4160. Let’s make home selling a good experience for you!