Get the Best Price for the Sale of Your Downtown Minneapolis Condo 
Don’t make the mistake of pricing your Downtown Minneapolis Condo too high or low for the market. Learn how to set the most effective price for the quick sale of your condo at the highest potential profit.
SPECIAL REPORT:
Get the Best Price for the Sale of Your Downtown Minneapolis Condo.
It is a big decision to make. Now that you have made the decision to sell, how do you get the most money for your condo?
First you want to find other condos on the market, that are similar in age and size that have recently sold in your neighborhood. This is called finding comparables for your Downtown Minneapolis Condo.
You want to find at least three condos that have the same number of bedrooms and bathroom, as well as similar square footage. The closer the properties that have recently sold are to your property the better comparison it will be for the price you can expect for your Downtown Minneapolis Condo.
It is best to find condosthat are approximately on the same sized lot and the same age as well. To get comparables you can contact a local title company or a local real estate agent.
It is best to ask for 6-10 comparable properties from the market area when asking for comparable statistics. Most agents and title companies will be happy to fax these over for you to view.
Once you have the property addresses it is a good idea to drive by these other properties to see how they compare visually to your Downtown Minneapolis Condo.
Ask yourself the following questions and take notes on them:
Is the property in better or worse condition than mine? (does it need paint, a new roof, fencing, etc.)
Are there any noise problems by the property that would lower the value. (busy street, railroad, industrial area)
What is the immediate curb appeal? (Do you feel drawn to the condo, does it have character?
Make notes on each Downtown Minneapolis Condo as it is easy to forget details when you drive by many condos in one day. You may even want to take photos of the condos for future reference.
When you have narrowed the comparables down to the 3 or 4 Downtown Minneapolis Condo that closest resemble your own property, take and add up these properties sale prices. Then add up the square footage for the properties.
Now find the average sale price by dividing the sales price by the square footage. You know have the average price per square foot.
Next simply take the average price per square foot and multiply it times the square footage of your Downtown Minneapolis Condo.
This will give you a good estimate on what you can expect to set for a fair price on your condo. This process is very similar to what is done when an appraisal is done on your condo.
If you are interviewing agents, like myself Mike Weiland to list and help sell your property, it is best to have them do a comparable analysis for you as part of the interviewing process. It will not take them much time and they will be happy to do it for you to help win your business.
When you have a figure to go by you need to look at your needs for selling the Downtown Minneapolis Condo. The price you want to set for your condo is partially determined by your need to sell the property.
If you need to sell fast then take the figure you have come up with and lower it by 3 to 10 percent depending on how fast you need to sell.
If you are just testing the Minneapolis real estate market and are not in a hurry to sell your Downtown Minneapolis Condo you can ask more than the average that you came up with.
Keep in mind selling your Downtown Minneapolis Condo is effected by simple supply and demand. You want to receive as much for the price of your condo as possible. The buyer wants to get the lowest price they can.
You can ask real estate agents that you interview if it is a buyer or seller’s market. If it is a buyers market it means there are more people selling condos than looking for condos. This means it may take your Downtown Minneapolis Condo longer to sell and you may want to consider a slightly lower price for the condo.
If it is a sellers market it means just the opposite. More people are looking for condos than there are condos available. This drives the market price up and you may want to consider going to the high side of the figures you come up with for a fair price to sell your Downtown Minneapolis Condo.
Remember, it only takes one person to falls in love with your condo to buy it, but if there are better properties on the real estate market then yours, the Downtown Minneapolis Condo will have the tendency to sit on the market longer than you may desire.
Follow this formula for setting your price for the sale of your condo. Talk to other real estate professionals and get their opinions, but remember the final decision on pricing your Downtown Minneapolis Condo is totally up to you.
There is a lot of free information available to you about buying, selling or investing in Minneapolis real estate. For complete information about the Downtown Minneapolis real estate market including current Downtown Minneapolis Condo for sale, property values and more please visit the most complete website online dedicated to everything Minneapolis real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your questions. Call me on my cell at 612-735-6834 or email me at mike@mikeweiland.com.
There is a lot of free information available to you about buying, selling or investing in Minneapolis Condos or Minneapolis Lofts. For complete information about the Downtown Minneapolis condo market including current condos lofts for sale, values, and more please visit the most complete website online www.LivingInDowntownMinneapolis.com dedicated to everything Downtown Minneapolis Condos. Contact Mike Weiland & Elke Stephan of The Weiland Group of Keller Williams with any of your real estate or mortgage related questions by filling out the form below.
P.S. Free weekly list of Downtown Minneapolis Condos including private listings and foreclosures in the most popular locations call the 24 Hour Recorded Information Hotline Now for details...1-888-391-9039 Ext. 126 or visit www.LivingInDowntownMinneapolis.com
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