So, you’ve finally decided to bid goodbye to your condo and move to a new home. Maybe you’ve got a new job opportunity in a different area or you’ve got your kids enrolled in a new school. Or maybe you’re planning to extend your family and need a larger space. Or you might want to take the best advantage of the lower interest rates and the increasing number of buyers in the market. It could seem like now is the perfect time to put your house out there with the other condos for sale in Brampton. That’s great!
So, how soon should you start preparing your condo for the sale? Well, the sooner you can start to prepare your condo, the better. This way, you won’t have to rush to do repairs on your condo or arrange documents at the last minute. Below, we have mentioned the tasks that you can tick off your list now if you’re planning to sell your condo next year.
Let’s admit it, all of us have a few (or a lot of) extra items or furniture in our home that we rarely ever use. We always keep on thinking we’ll use them when the next guest comes over or the next Christmas. But no matter how much we say, these things remain unused in a corner of our house and keep on occupying a lot of space. All these things could make your condo feel and look smaller and cramped than it usually is. We know, you might not see your condo like that. But potential buyers might feel like that when they first step into your condo for sale in Brampton. They might get all negative about your home.
So, make sure to declutter and organize your condo before it goes out for sale. Donate or throw away the things that you haven’t used in over a year and only keep the things you really need and use. All the belongings should be neatly kept away in storage bins, baskets, or shelves.
“We’ll fix these issues when it’s time to sell our Brampton condo.”
We’re sure there is at least one repair task in your condo that you had put on hold in the last one to two years. You must have thought that you would repair the issue in your home when you finally sell your condo.
Now is the time when you take care of and fix all the repairs that you had put on hold for years. If you take care of these issues now, you won’t stress about calling the contractor and getting these issues fixed at the last minute. Also, buyers are more drawn to Brampton condos for sale that are well-maintained and have no structural, plumbing, or other issues. You must take care of every little issue in your condo before putting it up for sale. This includes squeaky doors, small cracks in walls, leaky faucets, or any non-working appliance.
Did you know that the deal of a condo for sale in Brampton can fall through even if a contract is signed? Yes, this could happen due to a lot of reasons including when major issues are found in the home during the inspection process. So, if you want to stay away from such last-minute stress, get the pre-inspection done, if possible. A professional home inspector will look into every nook and corner of your condo - plumbing, electrical system, appliances, and even windows. They can help you identify issues in your condo that could be deal-breaking factors for buyers. Getting this process done now can give you enough time to repair these issues.
Let’s suppose the Bank of Canada continues to trim the interest rates or at least keeps it steady. This could certainly draw a large number of buyers plus sellers to the housing market. This means your condo for sale in Brampton will have to work harder to catch the attention of homebuyers. You can work on this from now on by trying to boost the curb appeal of your condo.
The two key areas of your condo you should definitely consider updating (if you have the budget) are the kitchen and bathroom. Even if you don’t have a big budget, you can still remodel your bathroom and kitchen. You can simply change the knobs or handles of your cabinets or get some new faucet handles.
There are a ton of other things you can do to boost the curb appeal of your condo. You can make your entrance more welcoming with a doormat or an eye-catching art piece. If you have a small green space in your condo, add some evergreen and low-maintenance plants to make your home feel lively.
The next task you must tick off your list now is checking whether your condo HOA has any rules and fees about selling. It’s possible you might have to get permission from the HOA first before putting your property out there with the other Brampton condos for sale. Some condos also charge owners a fee when they sell their units. This is usually to cover the costs of updating the ownership record and preparing the documents. You need to take a look at the HOA rules and find out if your condo also has such selling rules and fees.
At this stage, you can also prepare a rough draft of the home-selling plan. You must at least list down the important things you need to do in the coming months and a timeline for it. For instance, when will you hire the Realtor, will you get your home professionally staged, or when will you list your Brampton condo for sale?
The last task you can do right away is to organize all the documents you’ll need while selling your condo. This includes your title deed that will prove that you legally own the condo and are allowed to sell it. Next, get your mortgage documents through which you can show the buyer how much is left on your mortgage or if you’ve paid it off. You must also gather the warranty documents of the appliances and systems in your condo.
Well, the Canadian Real Estate Association (CREA) expects it to be so! According to CREA, the sale of homes could climb by 6.6% in 2025 if there are more interest rate cuts and a friendlier economic environment. This means that the 2025 spring could be a lively time for home sellers like you. So, keep that optimism intact and start preparing your Brampton condo for sale from now on.