What's preventing you from selling your Boston high rise condo?

As the owner of a Boston high rise condo, you are currently in a great position to list your property and make the most out of current conditions in the real estate market. If you feel hesitant to list your property now, you are not alone. Many Boston luxury condo owners tend to feel a bit of apprehension when faced with a seller’s market such as the one experienced in Boston. One of the concerns associated with this hesitation is related to market timing, a strategy that almost never works out as intended.

You should only list your loft when you are ready to do so. To help you decide if the time is now, consider the following factors.

Timing the Market Is a Risky Proposition

Every Boston high rise condo owner is a prospective property investor, but this does not mean you should treat your home as a stock options contract. Market timers sit and watch a seller’s market heat up to the point of inflation. When they finally believe the time has arrived to list their properties, the market often shifts in the opposite direction. You can’t treat the housing market like tech stocks on the NASDAQ. It is better to listen to the advice of trusted Boston high rise broker.

Selling Real Estate Can Be Complicated

The “For Sale by Owner” (FSBO) strategy is not conducive to selling Boston high rise condos. For this reason, you should allow real estate professionals, particularly those who specialize in luxury condos, to handle your listing.

Urban Migration Is Currently Popular

Millennial homebuyers are not interested in long commutes or backyard swimming pools. They are much more attuned to Boston condominium towers that are centrally located because these properties allow them to walk to shops, bars, restaurants, parks, and cultural districts.

Equity in a High Rise Condo Is Usually Based on the Neighborhood

Some homeowners in Boston feel they may not get all the equity they deserve, but this mostly applies to single-family residences that have gone through extensive remodeling. As a Boston luxury condo owner, you do not have to worry about this as much because most of the equity is reflected by the neighborhood. Boston luxury condo buyers pay more attention to the potential for remodeling than to the remodeling that has already been completed.