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Sell Your Condo With Us
We know what it takes to sell your property: attention to detail, determination to get the best deal, and a lot of care for the process. Here’s how you benefit if you choose us:
You Come First
The first principle of our work runs consistently through everything that we do: you come first. The ultimate goal is to understand what you want. Selling your home can be a frustrating process, and we've made it our mission to make sure the sale is as smooth as possible, and that everything happens on your terms.
The Price Is Right
The importance of the right pricing and timing cannot be overstated when it comes to selling property, and we get that. Our expert team makes sure you get not only the best price for your property but that it’s sold as quickly as possible.
Strong Connections
At the very heart of making a good sale is targeting the right buyer. What with our expertise and history in the business, we've managed to develop a reliable web of contacts. This has helped us in understanding what the buyers want and how we can use that to sell your property.
Family Values
This is a big industry, we know. And it can often feel like this is just one big machine that you must navigate through to get your business done. We've made it our mission to break that stereotype. Your belief in us is above the price of the sale, and we like it that way. If this is one big machine, then let's make it work for you.
Selling Your Condo – FAQs
So you want to sell your condo? Whether it’s your first time doing it or there are just some things you’re still not sure about, we’ve compiled a list of the most popular FAQs (frequently asked questions) to give you a starter course on selling a condo. It’s always advisable to consult an expert before selling your condo, but this list can get you started!
The basics of selling a condo are similar to selling a house. The process involves setting the asking price, marketing the condo, negotiating with potential buyers, and closing the deal. Some things do differ though:
1. Condos can be similar to other condos that are up for sale at the same time, so it’s important to know what makes your condo unique and more attractive
2. Condos are typically smaller than houses, so it’s imperative to stage them properly to showcase the place and get a good deal
3. Buyers will keep the Association’s performance and reputation into mind when buying a condo. Make sure your condo’s Association is doing a good job and raise
your voice if it’s not the case
Tenants can make it harder to sell a condo. The first thing to do, of course, is to discuss selling the condo with the tenants. Do this as far in advance as you can.
Sometimes, even the tenants themselves are interested in buying the condo, so having this conversation is even better. If it isn’t the case, then move forward according to the tenant’s lease. If they are on a fixed-term lease, then you are legally obliged to wait until the term is up. If they are on a month-to-month lease, then give as much advance notice as possible, and at least 60 days.
Once you’ve received an offer, the first thing to remember is to stay level-headed and not make a decision based on emotion. Discuss the proposal with your agent, who will be able to tell you if it seems worth it or if you can do better. When you accept an offer, the attorney review and inspection process begins. Schedule any inspections and have your attorneys review the contract as well. Once the condo and agreement are approved, the sale is final.
Condos typically sell faster than houses do, but it depends on a lot of factors. Some of the things that have a significant impact are:
– Time of year
– Listing price
– Market conditions
– Your agent
There are, of course, other smaller factors, but if these are in your favour, it won’t take long!
The earnest money deposit (EMD) is the money any potential buyer deposits as an indication that they are serious in their consideration of the property. Without an EMD, it’s possible for a party to take you off the condo market by only verbally expressing interest and later claiming that they have found a better condo, so asking for an EMD is essential. You can generally ask for 1% to 2% of the total price as an EMD, but this can vary depending on the market.