FAQ

 

 

 

+ Is there a best time of year to sell my home? - Is there a best time of year to sell my home?
Each real estate market is unique, and therefore the best time to sell a home will be different from location to location. Generally speaking, spring and summer months tend to be the most active in Puerto Rico, as spring break and summer vacations allow people to visit the island and house hunt.
+ What can I do to increase the value of my home before listing it? - What can I do to increase the value of my home before listing it?
To sell a home for the absolute highest price, that home needs to attract the most buyers! And that means you’ve got to make a great first impression. You know what they say, you never get a second chance, so it’s important to get your home show-ready.
What does this mean exactly?
It means allowing others to see your home in its best possible light. If you’ve put off fixing that porch or the loose tiles in the upstairs bathroom, now’s the time to do it. Old homes would do well with a fresh coat of paint, a new countertop and updated appliances. Also, don’t forget to spend some time creating curb appeal. Consider trimming shrubs and bushes, adding a flowerbed, and pressure cleaning your patios and decks.
+ What should I disclose to potential buyers? - What should I disclose to potential buyers?
When you sell a home, it’s important that you disclose to potential buyers any defects you are aware of. This could be a leaky roof or a faulty appliance, or anything in between. It may be tempting to keep these flaws to yourself, but it is always better to be completely honest upfront. The truth will come out eventually, typically during an inspection.
+ I’d like to sell my condo. How do you determine how much it’s worth? - I’d like to sell my condo. How do you determine how much it’s worth?
To sell a condo, realtors use a variety of methods in determining its value. The most common method is to complete what’s called a ‘comparative market analysis.’ This is an in-depth evaluation of recently sold comparable properties or “comps” in the past 6-12 months. While this method isn’t fool-proof, when done by a seasoned realtor, it can greatly narrow the sales price range.
 
The analysis takes into account many features of your condo as well as the local area and immediate neighborhood. Your realtor will consider things such as:
  • Square footage
  • Number of bedrooms
  • Number of bathrooms
  • Upgrades (especially to kitchens and bathrooms)
  • Age of the roof
  • Lot features
  • Location
  • Style of residence
  • Flooring type
+ Should I price my home or condo higher to leave room for negotiations? - Should I price my home or condo higher to leave room for negotiations?
This is one of the most frequently asked questions and the answer is definitely NO. While you may think it’s a good idea to price your home $5,000 - $7,000 higher than what your realtor suggests to leave room for low-ball offers and negotiations, the truth is, a well-priced home will sell quickly and for close to your asking price. Today’s home buyers are far more educated. They know a fair price when they see one. Pricing too high may end up costing you in the long run.
+ I want to sell my home in Puerto Rico. Where do I start? - I want to sell my home in Puerto Rico. Where do I start?
The best thing you can do is to connect with an expert who is willing to answer your questions and provide resources. You happen to be on a page owned and operated by a local expert that is always ready to help sell a home in Puerto Rico. If you do not see your question on this page, or are ready to take the next steps, connect with Diana directly via the Contact page.