Panama City Beach Condo Selling Tips
Team Baranowski has extensive experience selling Gulf Front Condos in Panama City Beach. Our team handles all types of listings including resales, investment property, distressed property, short sales and Bank Owned.
Every property we list has specific pricing and marketing strategies based upon a number of key criteria to ensure a successful sale of your Condo.
Here are some quick tips and strategies for selling a Condo on Panama City Beach:
First Impressions are Critical
12 months ago I would say that fixing up a listing to compete with a short sale or REO does not make financial sense. However, the distressed gulf front condo inventory is severely depleted and first impressions are finally making an impact with buyers. Condos that have been heavily rented can look worn and dingy. A fresh coat of paint, new linens and even a fresh set of couch covers make a HUGE difference in the appearance of the condo. Take out the old TVs and massive armoires that over power a bedroom or living room. Flat panel TVs were the greatest invention for square foot strapped condos!
To Rent or Not to Rent
When a condo has a gross rental income of 30K a year, it is difficult to convince a seller to take their condo off the rental market to show the unit. There are ways to work around this and still manage to pull in rental income. Extensive high quality photos and virtual tours help take the guess work out of the condition of the condo. Other strategies include blocking out a few weeks during peak selling times to ensure potential buyers can get into the condo to view it. Most importantly, if you want to sell the condo, we will price it right and get it sold quickly and not languish on the market.
Rental Income
Most buyers looking for gulf front condos are looking to purchase as a second home or investment property. These buyers look to offset costs with rental income. It is critical that accurate rental income is clearly documented and easily available to potential buyers. Additionally, a long history and good position on for rent by owner sites such as VRBO.com is a significant selling point to any potential buyer. Team Baranowski creates detailed investment analysis and cash flow analysis worksheets for buyers.
Team Baranowski Can Help
There are many more tips and strategies to selling condos including listing tactics and strategies for short sales and investment property. We have extensive experience ensuring you can get the best possible price for your gulf front condo. Give us a call and we can show you how using Team Baranowski can be the smartest investment you make.
Call Craig Baranowski @ 850-259-1788 or Tracy Baranowski 850-259-4270 or email us @ info@teambaranowski.com.
For Destin or Miramar Beach Condos call our teammate Danny Margagliano @ 850-830-4747 or email @ danny@teambaranowski.com.
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