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Answers (3)
- Flora Moghadam, "River Town"
- Contributions:40
Hi,
It all has to do with market condition and the location. If you get an accepted offer and go into contract, you'll looking at 45-120 days for condo and coop. It takes a bit longer for board approval and process and especially bank's committment letter.
I can be reached at
845-216-9244
Good luck in selling
It all has to do with market condition and the location. If you get an accepted offer and go into contract, you'll looking at 45-120 days for condo and coop. It takes a bit longer for board approval and process and especially bank's committment letter.
I can be reached at
845-216-9244
Good luck in selling
- JoAnna Siminerio & Gail Szeluga, "JoGail"
- Contributions:144
Looking at Manalapan Condo's that are currently under contract or pending, there are homes that were on the market as few as 2 days to homes that have sat over a year!! What makes the difference?
Price! Buyers are very sensitive to the comparable sales. You have to price with sensitivity to the last sales in the community. Especially with regard to Condo's as most of these units are very similar. You also have to be aware of the competition. If there are 10 condo's for sale... why should a buyer pick yours? Figure it out and make it happen!
Condition! Today's buyers are unforgiving when it comes to homes that don't show their best. Clean up and declutter!
Marketing! With increased inventory, homes need to be marketed more than ever! Find an agent with a strong internet presence as 90% of today's buyer's find their home on the internet.
Once you receive a contract, you are probably looking at 45 - 60 days to actually close.
Good luck!
Price! Buyers are very sensitive to the comparable sales. You have to price with sensitivity to the last sales in the community. Especially with regard to Condo's as most of these units are very similar. You also have to be aware of the competition. If there are 10 condo's for sale... why should a buyer pick yours? Figure it out and make it happen!
Condition! Today's buyers are unforgiving when it comes to homes that don't show their best. Clean up and declutter!
Marketing! With increased inventory, homes need to be marketed more than ever! Find an agent with a strong internet presence as 90% of today's buyer's find their home on the internet.
Once you receive a contract, you are probably looking at 45 - 60 days to actually close.
Good luck!
- Chris & Stephanie Somers, "TheSomersTeam"
- Contributions:1187
It takes about 3-4 months to sell a condo in Philadelphia if the condo is priced under $400,000 and if the condo is priced right based on a bunch of criteria such as:
1) Location and View
2) Updated Kitchen, Bath, and Flooring
3) Condo Fees being under 300/mo
4) Parking
5) Tax Abatement
6) If the condo is FHA approved it will sell faster
7) How the condo shows will slow down the process a lot (ex. a sloppy tenant/occupant or difficulty getting showings confirmed.)
There is a lot of inventory and thus a lot of competition here in the Philly Condo Market. I do not know where your condo is but the same criteria probably applies.
1) Location and View
2) Updated Kitchen, Bath, and Flooring
3) Condo Fees being under 300/mo
4) Parking
5) Tax Abatement
6) If the condo is FHA approved it will sell faster
7) How the condo shows will slow down the process a lot (ex. a sloppy tenant/occupant or difficulty getting showings confirmed.)
There is a lot of inventory and thus a lot of competition here in the Philly Condo Market. I do not know where your condo is but the same criteria probably applies.
How long does it take to sell a condo?
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