For many condo owners interested in selling their property, it can be difficult to know where to begin. While a lot of the process is the same as selling a traditional home, there are some key differences. Luckily, by knowing the basics, you’ll be able to make your condo sale a success. Here are some key tips for selling your condo:

Review Your HOA Guidelines

A condo association or homeowner’s association (HOA) is a presence in every condo community. This is one major difference between selling a condo compared to selling a detached home. Some HOAs have unique rules about selling property, such as exactly when and how you can show it to potential buyers.

If your condo is part of an age-restricted community, for example, you will have to limit your buyer pool to people of a certain age. Review the rules and regulations carefully to avoid getting into trouble with your HOA.

Find an Agent With Condo Experience

Hiring an agent to help you sell your home is always a great idea, but it’s important to find an agent with experience selling condos. An agent with condo-selling savvy can use specific strategies to help you get the right buyer. For example, they can coordinate and host virtual tours of your property for potential buyers.

Agents are also experts in finding unique features within every listing, which is especially important if your condo has a similar square footage and layout as others in the building.

Research Your Local Market

Check out the competition in your area to find out if anyone is selling at the same time. It’s crucial to learn if any other units in your community are also for sale.

If you have local competition as close as next door, for example, it’s more important to emphasize any interior upgrades you’ve made. If there are any changes you can make before putting your condo on the market, consider investing the time and money to boost your advantage.