Understanding the small differences when selling different property types in the Tampa area can help you make a successful sale. In this article, we'll delve into the challenges faced by sellers of various property types and how to simplify the selling process.
Why consider property type in the selling process?
Before starting on the journey of selling your Tampa property, it's important to consider the type of property you own. The challenges and processes vary a bit based on whether it's a single-family home, a duplex/triplex/quadplex, a townhome, or a condominium. Each property type comes with its unique set of characteristics, and understanding these factors is the first step toward a successful sale.
Different types of real estate sold in Tampa, St. Petersburg, and Sarasota.
Our area has multiple types of residential real estate, each with their own characteristics.
- Single family homes: When people think of a house, they often envision a single-family home. These homes are popular with families for their larger spaces and yards. They’re also valued for their privacy.
- Duplexes/triplexes/quadplexes: These multi-unit properties were mostly built before the mid-1980s due to changes in zoning laws. These are generally built to look like a regular single-family house but have multiple entrances. Often, the different units mirror each other.
- Townhomes: Similar to duplexes, townhomes have units sharing walls with one another. They often have a vertical footprint with multiple floors. They’re also called “row houses.”
- Condos: Also referred to as condominiums, these are owned individually but set within a larger complex or building with other units and usually have shared common spaces. They are popular with people who want ownership but also want reduced maintenance. The exterior of the building and grounds are maintained by the homeowners association (HOA).
Issues for sellers of different types of real estate
Local sellers in Tampa, St. Petersburg, and Sarasota may face situations specific to each property type.
Houses: If a real estate agent is hired or if you’re selling FSBO (for sale by owner), the process can be lengthy and involve many steps, such as prepping the property for sale, staging, photography, open houses, and marketing.
Duplexes/triplexes/quadplexes: Your target group of potential buyers will be small-time investors, or an individual who wants to live in one side of the duplex while renting out the other side. The potential buyer will look at the condition of the dwelling and tenant occupation, as well as location.
Condos and townhouses: When selling these residential types, target marketing toward people who want to own but don’t want the multitude of responsibilities that a stand-alone house requires, such as yard care and roofing. Condos and townhouses are especially popular with retired people and busy professionals. A problem that may arise when selling a condo is HOA special assessments, which are unexpected fees charged for various reasons by the condo association.
Apartment buildings: Multi-tenant types of real estate like apartment buildings may require a real estate agent who specializes in commercial properties, depending on how many units there are and other usage of the building. You may need to target a small group of higher-end investors, and an experienced real estate agent will know how to do this.
A simplified solution for selling Tampa Bay property types
We Buy Ugly Houses® offers a streamlined solution for sellers in the Tampa area, regardless of the property type. We have a quick and hassle-free process. Get a free, no-obligation consultation with one of our friendly, local property buyers who will tour your property and answer your questions. Receive a fast offer, sometimes on the same day as the consultation. If you accept our offer, we will do our best to finalize a closing schedule that fits your timeline. Better yet, there are no repairs or staging needed!Our process is straightforward, and we are transparent about our offers. We buy houses in various conditions, and we have no hidden fees, commissions, or obligations. We also pay typical closing costs. Our offers are usually below market value in exchange for speed and convenience. Avoiding the hassles of a traditional sale is priceless, as reflected by our high nationwide 95%* customer satisfaction rating from sellers who responded to our post-sale survey and our fantastic reviews.
If you're selling your property and want to skip the complexities, We Buy Ugly Houses in Tampa, St. Petersburg, and Sarasota is your reliable partner. Contact us today to experience a hassle-free and efficient way to sell your property fast, without making any repairs.
