Spring Time and the College Station Condos are Flying
It looks to be an early season this year with parents already calling about College Station condos that are on the market. Just today I spoke with four potential buyers and two potential sellers of College Station condos.
What makes your condo marketable? It's a combination of location, complex amenities, affordability and condition.
Your condo is only as good as the complex it's in. Most of the condominiums we have here have excellent market points, and some down sides as well. Emphasising the positive, while countering the negative is the best strategy. For the condos that aren't directly on shuttle route finding out how close the route is will typically work. Not many are built terribly far from our existing routes. Targeting ads to parents who don't necessarily feel that their student will want to ride the shuttle can work as well. In general the closer the complex is to Texas A&M University the better off you are. However we have some excellent complexes that are tucked away a bit and still sell for premium prices.
Most of our condo complexes offer a small recreation area and a pool. This seems adequate and we certainly haven't seen better statistics with condos that offer volleyball courts or on-site movie screening areas or carwashes. The one amenity that many students and their parents are looking for is the gated community. This always helps for resaleability.
Affordability is very important for students as well as their parents. In general most of our parents are looking for 3 bedrooms at $150K or less and four bedrooms at 160K or less. Homeowner Association Fees can come into play as well with lower fees and similar amenities winning out consistantly.
The condition of your condo is of prime importance. A unit that has been cared for well will sell rapidly and at the best price. Ensure that the carpet is clean and the unit is in good repair with paint touch-ups and frequent cleanings for the best price.
Call me today with any questions you have about this season's sales or listing your condo or home.