Selling a condo is not more difficult than a detached home, but there are other considerations that sellers and agents must consider before and during the sales process.
- HIRE A REALTOR® WHO KNOWS HOW TO SELL A CONDOMINIUM
There are many different things for your agent to consider when selling a condo, depending on your condo regulations, year of build, area, amenities. To make sure you are hiring the right agent for your condo sale, ask them these questions;
- How many condo’s do you typically sell in a year?
- How do you market condos to prospective buyers who are strictly looking to purchase a condo?
- What makes the process different for selling a condo?
(TIP: If they say ‘nothing’, you have the wrong agent)
- GET YOUR CONDO READY
Once your condo is actively listed, the first few weeks will be the busiest time for showings. Be sure to keep in mind that you only get one chance to make a first impression, so if you are looking to sell your condo fast, make sure to make your first impression count!
To get your condo ready, do these things (at least):
- MAKE YOUR CONDO AVAILABLE
One MAJOR mistake with the sale of any home, including condos, is not providing access to the home. If you are serious about selling, you must accommodate showing requests and allow access to agents & their clients (buyers) when requested. This also means that your home should be cleaned and well presented for each showing.
- GET THE DETAILS READY
Serious buyers are going to want to review all your strata documents, so be sure that you have them within reach at a moments notice. This includes;
- Last 2 Years of Meeting
- Last 2 Annual General Meeting Minutes
- Form B
- Bylaws and Rules
- Financial Reports
- Engineering Reports