Affordable flats in condominiums

What is a condominium

A condominium is a form of ownership of a residential complex, a single property complex that includes a plot of land, the housing units located on it and other immovable property. The premises that are used for housing and other purposes are owned by individuals. The concept of a condominium may cover not only one house but also an entire complex of buildings.

Collecting documents for selling a condominium

The first step is to collect the essential documents: Identification card; Proof of ownership of the condominium; Statements of missing utility bills.

Utility payments and fees; Consent of all owners.

There are also a number of additional documents that are only needed in certain cases. When selling a condominium, for example, family members or relatives need proof of relationship Flat and Home.

Putting an advertisement on the market

The more people who find out about your offer the better. You can use special websites, classifieds in newspapers and magazines, discussion groups and social media channels. When posting your ad feel free to spell out the benefits of the property. If you live in an area with well-developed infrastructure, be sure to indicate that, and also remember to write how quickly you can walk to the pharmacy, hospital, shop, underground and school near your home.

No matter how well you describe the benefits of your condo, it may be overlooked if it’s not visually appealing to potential clients, which is why we need live photos. You don’t need to hire a professional photographer and arrange a long shoot, you can do it yourself, all you need is a phone with a good camera. Decide on the best camera angles, get the condominium ready for the pictures, and do some processing to improve the quality or brighten the pictures, which you can do with a simple phone.

Cleaning and redecoration

It’s a good idea to clean the condo before the sale. Do general cleaning, get rid of very old furniture, do at least some minor cosmetic repairs. The prettier and newer the condominium looks, the faster and more expensive you will be able to sell it. It is also a good idea to check the working order of plumbing and electrics in the house, replacing them if necessary. The man who acquires secondary housing is of course well aware that this is not a new construction and you should not expect an advanced repair, but if immediately after the purchase in the bathroom tap will break or because of the old wiring will happen fire then you can expect a long litigation. And don’t forget that just looking at a rusty radiator alone can put off a lot of potential buyers.

If you don’t have time to take buyers’ calls and show them around, you may want to enlist the help of a real estate agent. A good real estate agent will not only help you sell the condominium, but also protect you from crooks and paperwork problems that might arise due to your inexperience or carelessness. The agent will also help you set the best selling price for the condo, based on real estate statistics in your and the neighbouring areas. The agent will charge a small percentage of the sale proceeds as a fee for his services

residential property scammers

We are used to thinking of unscrupulous real estate brokers or crooked landlords, but it is not that simple. Among the buyers of residential real estate, are also quite common malefactors. Consider a few of the most common tricks: Prepayment issues. After you have confirmed that you are happy with the property and ready to purchase it, you may ask for a deposit or an advance payment. If the buyer will pay you a deposit and later default or change his mind, you should give him back his deposit. If you opt for a deposit, then in the event of problems with the sale, the defaulting party will have to return the other party double the amount of the deposit, which is being actively used by scammers. Be careful with cash. Sometimes buyers offer to pay for the flat in cash in person, but there is a catch. Even if the person pays in large denominations, the recount of the whole amount will take a lot of time, and you will be distracted, and you will not notice how you missed some denominations. And don’t forget that such a large amount of banknotes may be faked. In order not to fall for this trick, you should make all transactions directly through the bank. It is also possible to run into thieves. Thieves will look around your home pretending to be buyers and, having memorised the location of all the valuables, will visit you after a while. Such people are usually easy to recognise by their fidgety behaviour and lots of questions that seemingly have nothing to do with the purchase of the flat. Scaring them off from your property is easy ask them to fill in a questionnaire, sharing their personal details.