HOW TO SELL A CONDO IN DOWNTOWN VANCOUVER
Well you have decided to sell, whatever is the reason you want out of your condo. Selling a condo is a bit different than selling a home, because usually there are many more documents that need to be checked out, such as the minutes from the strata general meetings, some buildings have restrictions on open houses and most buildings restrict the use of any kind of signage.
In my mind this are some of the stages involved in selling your property.
1- Find a Realtor that specializes in the area and in selling apartments. If you are selling in Downtown Vancouver, why you want to hire a Realtor that specializes in South Surrey and his core business is selling land? By having a Realtor that specializes in the area is adding benefits to the marketing of your condominium, this is because the Realtor will be able to mention every single detail about the neighbourhood, the building and the benefits of living in a Condo. Not to mention his availability for showing your unit will likely be very fast on short notices.
2- Once you have found a Realtor, talk to him about his marketing, his fees, the market in your building and how much does he think the property can sell for.
3- Once you have signed up with a realtor, the time starts to fly, so I would advice even before signing with a Realtor, to focus on the condo by cleaning it, decluttering and make it look like a show room. Remember you only have one chance to make a first impression and it only takes seconds for a buyer to form an opinion about your condo.
4- The marketing and showings begin, by this time the pictures have been taken and hitting the MLS and other marketing materials. Remember to always keep your property crispy clean.
5- You have received an offer. In this step, the Realtor will meet with you and advice whether to accept, reject or counter.
6- Once the offer has been accepted, you haven’t sold yet. A period called “subject removal” begins. This period last for about one or two weeks (depending on how it was written in the offer), and it’s used for the buyer to know more about the property, most likely there will be a building inspection and your Realtor will give the necessary documents to the buyer’s Realtor. During this period you can still show the property.
7- Subject has been removed and the buyer’s Realtor gave a deposit to your Realtor, this deposit ranges between 5 to 10% of the purchase price. The cheque or bank draft is deposited in a trust account, so the money it’s safe. And will be sent to your lawyer or notary along with the rest of the money.
8- Possession day, it’s when you give the keys to you Realtor so that he can give them to the new owners. It’s also time to open a bottle of champagne and celebrate J If I’m your Realtor, let me know which one is your favourite one.
As you can see it is a very straight forward process, but at the same time it involves many steps, if you have any questions about buying or selling a Condo in Vancouver, feel free to give me a call 604-728-9510 or send me an email: info@propertiesbymanny.comand I’ll be happy to explain you with more details the process of buying and selling in Vancouver. 
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