Getting Ready to Sell Your Condo- Extra Documentation
In many ways preparing your condominium to sell is much like selling a single family home for sale. You want to make sure it is in tip top condition from head to toe as well as make it aesthetically pleasing.
One difference of marketing a condominium vs a single family home is you also have to provide buyers with information regarding the condominium complex as a whole. When buyers are buying a condominium they are buying a piece of the whole and you must provide information regarding the association. When listing a condominium I will always ask for the following (if available)
- Master Deed-The master deed divides the ownership as well as sets forth the management of the HOA
- Unit Deed- The unit deed will show the homeowner exactly what they own
- Bylaws- Bylaws explains the rules and regulations of the complex
- Budget- The budget shows the financial stability of the HOA
In addition to the above documents, I will also look for:
- An accounting of past special assessments as well as future assessments
- Past years meeting minutes
- Full contact information of the management company or trustee
It pays to have all of this information up front so you do not have to run around at the last minute when an offer comes in. Most likely a potential buyer will be looking for this information.
Do you have a condominium to sell. Call Kevin at 978-360-0422 to get the best Marketing and Service available. Check out my sold in "90 Days Guarantee"