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3 Things to Know When Selling a Condo

Thursday October 31, 2019

Buying a Home

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Maybe your condo fees have increased for the umpteenth year in a row, maybe you’re looking for a place with a backyard, or maybe you’re expecting a child – whatever the reason, you’ve decided to sell your condo and look for a house.

If you’re thinking about trading in condo living for a house, there are a few things to keep in mind when selling your condo.

“Many of our clients, when the first come to us, think that selling a condo is easier than selling a detached house,” says Jayne Woolcott, sales representative, Re/Max Escarpment Woolcott Realty Inc. “The fact is there are unique challenges with a condo that our team is armed to help our sellers with.”

Below, Woolcott shares her top tips to know when selling a condo:

Know the current competition in your building

When buyers are looking to purchase a condo, they first look to see what’s available in their desired building – and how the competition stacks up. Working with a professional real estate agent will help you determine where your unit lies in the competition and highlight the benefits to potential buyers.

Keep things tidy for showings

One key difference between a condo and a house is the general lack of storage. As many purchasers will be downsizers or first-time home buyers, you want to keep the unit free of anything unnecessary (i.e. appliances on counter, seasonal clothing) so that buyer’s heads don’t immediately think of where all their stuff will fit.

Make sure key access is easy

While all condos have different rules on where lockboxes can go and who can access keys, the main rule is to make it as easy as possible for showing agents to find the key. Ensure your sales representative has a distinctive lockbox and it’s placed in an easy-to-find area.

If you’re thinking about selling your condo, call us at 905-332-9223. We have extensive experience in helping sellers attain maximum value for their condos in the Burlington and Waterdown areas.