Tuesday, October 4, 2011

Ten Tips on Selling your Bangkok Condo

Everywhere you look around the city it seems that there is no stopping the rise and rise of the Bangkok condo. With houses few and far between in the space-hungry city, not only has vertical living become an accepted must but is preferred by many. A condo on a high-flow might be more marketable if the views are spectacular. Whilst demand is high so is supply and vendors need to make sure they are following simple steps at the very least to get a sale off the ground, so to speak.

Be Realistic about Price

Regardless of what you paid look at the prices or properties around you and call in a professional who knows the market. There are so many factors to consider. It helps to start the ball rolling not just with a valuation but a valuation, which has a chance of bringing in a buyer for your Bangkok condo for sale. This is not about an ideal world but a realistic one.

Be Objective and Ask Friends


Just as most parents think their darling baby is the most beautiful child in the world people can also get like this about their own homes. It is difficult to be objective about the way your Bangkok condo looks, and what is great and less great about it but it is necessary. If you struggle then ask friends who know your place but are less attached to it.

Neutralize what is Portrayed


You might find breeding snakes fascinating or perhaps think that there is nothing wrong with life-size porcelain tiger statues but this might be off-putting to prospective purchasers of your Bangkok condo for sale. Try and tone down, minimize and in some cases hide evidence of a lifestyle or possessions, which might be at odds with the image people want to buy into. Buyers find it hard to look past the trappings of the present occupants.

What Makes you Condo Special?

A real estate professional might know immediately what makes your Bangkok condo special. Perhaps it is the only penthouse apartment or it has a wonderful garden aspect. But if you live there then you have insider knowledge. What do you think makes your condo any different than any other that might be for sale in the area or the same building?

What Makes the Condo Building Stand Out?


Some condo buildings are established enough that many people know that they might represent a certain image. The facilities and amenities in your building are an extension of your privately owned rooms. Don't just look at the superficial but what makes it really stand out. An attractive rooftop pool surrounded by plants might be worth highlighting compared to a small, uninspiring pool. Are there any quirks or interesting features?

What are the Positives of the Area?


Location. Location. Location. It's not rocket science to know that this is often what helps sell a property. However, emphasize if this is a quiet Soi near the heart of the action. You might be five minutes walk to BTS Phrom Pong and yet have a Bangkok condo for sale, which seems like it is down a quiet, leafy Soi, with the best of both worlds. You might live away from the BTS and yet be right in the middle of a dynamic area, because of a nearby International school or big employer.

Don't Overwhelm Viewers


Less is more if you happen to be in when a viewer comes to have a look around. It is best to be polite and you might want to allow yourself to be on hand if the would-be-buyer has any questions but don't try and oversell. It comes off as desperate at best and can confuse and overwhelm the viewer.

Added Attractions

 

There is no doubt about it that regardless of all the solid elements to apartment buying, added touches can make a big difference. Viewers will always be impressed or turned off by the superficial. You don't have to go to town but fresh flowers and scents can lift a room. A nice throw or cushion doesn't cost a lot but might make a big difference to a room. Add some greenery to your Bangkok condo and keep anything, which reflects a positive lifestyle or is an interesting talking point such as a piece or art or furniture. Bring out the best qualities of a room with open windows and doors to give a feeling of breezy, living in comfort.

Only Invest if it is Worth It


It might be the cases that you need a new bathroom or kitchen, however, think carefully before you invest as this may not pay off. There may be cheaper ways of touching up a room without pouring money into a full renovation. Ask a real estate professional what they think.

Clear and Clean


People are whimsical in that the simplest thing can put them off. If your Bangkokcondo for sale is not occupied then make sure you or somebody keeps on top of dust collecting. It is psychological but nobody wants to buy a luxury Bangkok condo if they walk into a room with one or more dead insects lying belly up on the floor.

Johannes - About the Author:
Johannes is the owner, author and Director of Bangkok Condo Finder, a residential real estate company that have hundreds of Bangkok condos for sale and rent in Bangkok, Thailand.