Owning a luxury condominium in Palm Beach County can provide you with a beautiful place to live in one of the most sought-after parts of the country. This type of property can also be an incredible investment. However, if circumstances arise that make it necessary to put this prime real estate on the market, you will need to know the best ways to promote your property. Here are some of the steps to take when selling your Palm Beach area condo:
Review Your Condominium Association Agreement
Palm Beach area condominiums are ordinarily managed by a condominium association . Every association has its own rules, and if you intend to sell, you should review your association agreement and any association rules regarding limitations or conditions on a sale. Some association agreements include restrictions on who an owner may sell to or require that the board review a sale to a potential buyer.
Find the Right Luxury Real Estate Agent
The luxury market is unique, and it’s crucial that you work with a real estate agent who knows how to market the sale of your condominium to the right category of buyers. Selecting an agent with high-end real estate experience in the local community is also important. Someone who is familiar with the area can provide invaluable insights into market conditions. Your agent will also be able to refer you to the best local real estate attorneys to perform the legal aspects of your transaction.
Having Your Property Updated
The right additions and upgrades can make your property more marketable. However, some updates are worth the investment, while others may not matter to luxury buyers. If you have not been in the property long, you may not need to make any changes. However, if it’s been more than a decade, there may be some potential for stylistic improvement. Consult your luxury real estate professional and get his or her opinion on bringing your condominium up-to-date.
Make Necessary Repairs
You want to deliver the condominium in good, working condition. This will mean having functional appliances, air-conditioning, and faucets. Have the flooring and carpeting professionally cleaned, and repair any apparent damage to the property. Your real estate agent can walk through your condominium and discuss the different areas that you believe may need attention.
Once you have made repairs and any upgrades, your agent can discuss staging the property and having pictures taken. Luxury real estate agents typically have professional stagers and photographers on staff or with whom they work regularly.
Contact Our Palm Beach Real Estate Attorneys Today
By working with the right luxury real estate professional and preparing your property, you can get your Palm Beach area condominium ready to sell. Once you have an offer on your condo, it is vital that you work with the right real estate attorneys to make sure that your interests are protected during the transaction. At Rabideau Klein, Guy Rabideau, Esq. and David E. Klein, Esq. are Florida Board-Certified Real Estate Attorneys with extensive experience in Florida real estate law. We have the expertise and local knowledge you need during your Palm Beach County real estate transaction. Contact Rabideau Klein today to discuss your real estate legal needs.