Amenities
Buyers consider amenities of condo buildings when evaluating condo fees and comparing one unit to another. When you market a condo, you need to emphasize the amenities and the added value they bring to purchasing your unit. Some small condo associations have limited amenities. This should be noted to attract buyers seeking low fees and a hassle-free condo life.
Condo Associations
A good condo association can increase the appeal of a unit, just as much as a bad condo association can make a condo hard to sell. An active board that manages the needs of a building should be highlighted in marketing materials to ensure buyers know not only are they getting a great condo unit, but a well-managed building also. Condominiums with small associations should be reflected to attract buyers looking for more active control of a building.
Paperwork + Procedures
Many condo buildings have established procedures and paperwork for the sale of a unit. Your realtor should be diligent in obtaining this information. If these procedures aren’t followed, a seller can be delayed in settlement or liable for failing to disclose key information. Or worse, your marketing efforts could have been limited and you missed a chance to sell your condo for more money.
Condo Pricing
Pricing is key for condos. A unit in the building next to you is not inherently the same value as a unit in your building. Finishes, amenities, age of building, and condo association health all factor into how a unit should be priced. Key pricing can lead to a quick sale and top dollar for your condo.