CONDO SELLING PROCESS
STEP 1:
DECIDING TO SELL
We understand that selling your condo is a personal decision, and everyone has their own reasons for doing so. The first step is to take a moment to consider if selling is the right path for you in your unique situation.
STEP 2:
HIRE A REALTOR®
When you choose us to sell your property, we're here to make the process stress-free and worry-free for you. You can leave all the finer details to us. Sit back, relax, and let us take care of everything. We've got your back and will ensure a smooth and enjoyable selling experience.
STEP 3:
SIGN A LISTING AGREEMENT
Before your listing officially goes on the market, there will be some important paperwork for you to sign. These documents may include binding contracts with our team and disclosure statements about your property. It's essential to carefully review these documents and feel free to ask us any questions you may have. We want you to feel confident and informed throughout the process. Rest assured, these documents are designed to protect your interests and ensure a smooth and secure transaction.
STEP 4:
DETERMINE THE ASKING PRICE
We provide all of our clients a comprehensive comparative market analysis (CMA). This in-depth analysis allows us to determine the optimal price for your property. We take into account various factors, including the current market conditions, recently sold condos comparable to yours, and the active listings that will be your direct competition. By pricing your condo competitively in the market, we ensure a stress-free and successful sale.
STEP 5:
PREPARE YOUR CONDO FOR SALE
A good REALTOR® has connections to professional condo stagers who excel at preparing condo for the market. We work closely with Danielle Klassen from A&E Home Staging, an expert in her field. You can view her work here. Together, we ensure that your condo is beautifully staged to capture the attention of potential buyers and make a strong impact in the market.
STEP 6:
OBTAIN DOCUMENTS
We provide a seller's checklist that outlines all the essential documents we will need from you to list your condo. This includes important details such as property taxes, power bills, a list of recent upgrades, rental equipment information, and more. Having these documents readily available is highly beneficial, as when buyers review them prior to making an offer, there is a higher chance of a successful sale.
STEP 7:
OBTAIN CONDO DOCUMENTS
You will need to request all condo documents from your building’s property management company as condo document review is a very common condition in any condo sale. Be sure your property manager provides you with the most up to date financials, reserve fund study, condo board meeting minutes, declaration and by-laws. By having these readily available before listing make the selling process that much smoother.
STEP 8:
MARKET YOUR CONDO
We use our bullet-proof marketing strategy for all of our listings to ensure maximum exposure for your property. This includes promo videos, paid social media advertisments, marketing emails to our data base of over 1000 potential buyers, featuring your listing in our newsletter and more.
STEP 9:
VIEWINGS
This is your time to shine! First impressions mean a lot to buyers, so it's important to make sure your condo is ready to impress. Nowadays, buyers are looking for move-in condition properties. We send our clients a Viewings Checklist that details how you can prepare your condo for successful viewings.
STEP 10:
Receive and accept an offer
Once a buyer wishes to purchase your condo, you will receive an offer. After you accept an offer from a buyer, there are typically four common conditions of sale that must be worked through before the sale is firm. Let's break them down:
Financing: Buyers typically have a 7-10 day window to secure funding from a financial institution.
Insurance: Buyers will require a letter of insurability to ensure the home can be insured.
Inspection: While not always the case, some buyers may opt to inspect your condo.
Document Review: Buyers will thoroughly review all pertinent documents related to the sale (Condo Documents, Property Taxes, Power Bill, etc).
Once the due date for these conditions approaches, buyers will provide a waiver, indicating their satisfaction with the sale. At this point, your condo is officially sold.
STEP 11:
CLOSING DAY
Closing Day is here! We provide complimentary cleaning services to all of our sellers, so all you have to focus on is packing up and moving out! Congratulations!