Price Your Condo Right (From the Start)
Overpricing leads to stagnation. Stagnation leads to price reductions. Price reductions weaken negotiating power.
There are two primary pricing approaches:
Comparable Sales
Review similar condos that recently sold:
- Sale price
- Days on market
- Condition and layout
Buyers use these comparisons — and so should you.
Price Per Square Foot
Calculate average price per square foot within your building to establish a benchmark.
However, this is only a starting point.