Selling Your Condo
Posted on 29. Jul, 2009 by Manu Sharma in Do-it-your-self, Market Insights, Selling
Selling a condominium is by and large the same as selling any real estate, however there a number of things that you can do to make the process easier. Detail all of the positives with the building, including features, amenities, access to transportation, business districts, shopping and the like. The more that the building and area have to offer, the better your condo unit will be positioned. You are selling a lifestyle, so make sure that you highlight, and show off the features of your asset!
Maximizing space is job one. Get a mini-storage unit to declutter, have a garage sale, or barrage the local classifieds – you will want to take every measure to maximize the amount of available space. Avoid just moving your items to the closet, as they too will begin to look cramped.
As your unit is a component of a larger structure, you will have limited ability to address the curb appeal. If possible wait until the building shows at its best. Find out if there is any upcoming maintenance, and arrange your showings to happen after renovations are complete.
Condos have some difficulty with direct visibility, and may have rules against posting for sales signs. Use your condo’s bulletin board, and let your neighbors know that your unit is for sale. Someone may know someone that has an interest in the building.
Make sure that your condo is in peak condition – address all light bulbs, leaky faucets and wobbly door knobs. The smaller the footprint, the more likely a prospective buyer will be to look at all areas of the property. Updating faucets, and fixtures can add significantly to the feel of the unit.
Make sure that the condo is well lit, which will help to make the unit feel larger. Strategically placed lamps and opened curtains and mirrors will help to light the space.
Any serious buyer will be looking for documentation on condo fees, building meeting min., and copies of the building’s rules and regulations. You will want to have these documents readily available to help move the buyers along with their decision.
