Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions

Posted over 11 years ago

What to Do When Your Key Colony Waterfront Condo is Not Selling

What to Do When Your Key Colony Waterfront Condo is Not Selling

Are you wondering why your Key Colony waterfront condo is still sitting on the market after weeks, even months, of showing? A home dwindling in the market for months with no interested buyer in sight is just about every homeseller’s nightmare.

Find out if these are the reasons why your Key Colony Key Biscayne waterfront condos are not selling.

After all the preparation you did and no one’s still buying, chances are, you might have done something wrong. Consider the following suggestions to help you fix your home selling problem:

Adjust the price. Most of the time, the main reason why a home won’t sell is because it is priced too high. Sellers who are emotionally attached to their homes tend to place high value in their properties. Since buyers have easy access on information about your neighborhood and comparative properties from the internet, a highly priced property will stand out like a sore thumb, thus discouraging any interested party from making an offer.

To check what comparable homes in your neighborhood have sold for the last 3 to 6 months, you can visit www.MiamiRivieraHomes.com. Then adjust your selling price based on market conditions and settle on a price that buyers can confidently respond to.

Shake up your advertising. An estimated 92% of buyers begin their search online. If your listing, pictures and promotional details remained unchanged in several months, buyers will likely notice.

Consider taking new shots, update your property description and be more creative in content and approach. If needed, enlist the help of professionals who knows how to accentuate the positive and highlight your Key Colony beachfront condo’s best features.

Depersonalize. When buyers look around your home, they want to imagine how their stuff will fit inside. They want to think about where they will hang their pictures and put their collection. But with all of your family pictures still hanging up and in display, you’re making it hard for them to do that.

Sellers rarely have the same taste as buyers. Store away everything - from your vacation pictures hanging on the wall to your most prized mug collection - that could turn off possible buyers. You’ll know you’re ready for the next showing when there’s practically left nothing of you in the house.

Peeling paint in your waterfront condos in Key Colony Key Biscayne will definitely make a bad impression.

Give your property a make-over. Presentation is important when it comes to real estate properties. If sellers can immediately spot a handful of items that needed repair - peeling paint, loose creaking door or any signs of water damage - they’ll worry about how well you’ve maintained the things they can’t see.

Do a walk-through of your own home once again, this time be more thorough. Look at things through the critical eyes of buyers. Maybe there are things you’ve overlooked. You may need to have some repairs done, but you also have to be realistic with your time and budget. This time around, ensure that you do all that is necessary to show your home in it’s best condition.

Be more flexible with showings. If the reason why your waterfront condo in Key Colony isn’t selling is because you aren’t showing it off enough, it’s time to be more flexible with your showing schedules. If showings are done only by appointment or at designated times, you are minimizing the number of showings you get.

Try to make your house as accessible and available as possible for real estate agents and interested home buyers to easily drop by and take a tour. Remember, if your home isn’t getting shown, it isn’t going to get sold.

Work with a Key Colony Key Biscayne real estate agent. If you’ve tried selling your home on your own the first time, you might have committed pricing and presentation mistakes. Enlist the help of an experienced Key Colony Key Biscayne real estate agent to help you rectify any errors you might have made.

Find someone who has sold comparable homes in your neighborhood, knows what the buyers want and will be honest with you (even if it’s painful) about why your home is not getting enough interest and what to do to get the needed results.

If you need help in selling your Key Colony Key Biscayne oceanfront condo and for any other real-estate related inquiries, call me, Alicia Ale, at 305-586-4160. Let’s make home selling a good experience for you!


Comments