If you consider selling your condo in Calgary, whether it is an apartment or a townhouse, there are some important things to take into consideration.
First of all, who do you hire as your real estate professional for selling your condo in Calgary. In our opinion it is important first of all to hire a real estate agent that actually does business. With over 50 percent of the realtors only doing one or two deals a year, there is a significant chance that they will not protect your interest as good as it should be protected. Second of all, it is important to hire a Realtor that is a Certified Condominium Specialist (CCS designation) as they have extra extended education in selling and buying condominiums. So, make sure you ask these questions when you hire your Realtor.
Selling your condo in Calgary involves totally different aspects than selling a single family home. For one there are the condominium documents. There is a very big chance that any buyer that puts in an offer on your home will do that under the condition of him or her reviewing the condominium documents. It is important that you have ALL necessary documents available when you list your home. It is your realtor’s job to advise you which documents you are missing and need to be purchased. You want to make sure that you are ready when the offer comes in.
Many buyers think that they have all the documents in their possession because they kept all that was send to them by the board or the management company. However, many documents will not be sent to the owners, like minutes of the board meetings. This means that it is very likely that you will still have to purchase documents before you list your home. This is an upfront cost that you need to calculate in. Your real estate professional should be able to show you what you need and how to purchase it. We provide an additional service where we will buy it for you and you reimburse us at closing through the lawyer. Depending on how many of these documents you saved, cost for additional documents can run up to $500-$600.
Once we have the documents complete or we know when we will be receiving them, we can list your home. Depending on the bylaws we may or may not market your unit on the outside of the building. The bylaws might also give us restrictions on how to do open houses. We will make sure we will go over all these things that might influence the sale of your home.
If you have any additional questions involving selling your condo in Calgary, please don’t hesitate to send us an email; if you would like to know more about the value of your condo, ask for our free market report. It will show you all units in the same complex that recently sold and how long it took to sell them. If you want us to give you a free of charge and obligation home evaluation and establish the market value of your home, send us an email.