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The Condo & Townhouse Specialist
(973) 539-6300 x114
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Carolyn Weiss |
Tips on Selling from the
Condo/Townhouse Specialist
When its time to sell your townhouse or
condominium, there are a few preliminary steps to take to help ensure that
things go smoothly.
Here are some documents and information sellers may want to gather:
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Potential buyers will
want to know about your community as well as your individual unit. To be
prepared, obtain from your association the schedule for total community
repair and maintenance, such as the buildings due to be painted, major
landscaping, roof replacements, clubhouse decorating, driveway paving or
deck replacement, as well as recent or upcoming special assessments or
pending litigation.
Locate your public
offering statement (also known as a prospectus). You should have received
this document when you purchased your townhouse. If you can't locate it,
you can purchase one from your association.
Buyers will appreciate having a copy of the floor
plan. If you have the original community brochure, that would be helpful.
Obtain a copy of the current association budget.
Have on hand the current rules and regulations
governing the community.
Ask your management company if your community is Fannie
Mae approved. The buyer's lending institution will need to know this.
Obtain the name of the insurance company issuing the
community's certificate of insurance. Your management company or board
can assist you with this.
Many communities require the buyer to pay a one-time
fee at closing as a contribution to the capital funds. Find out the exact
amount, and if the one-time fee is refundable.
Many buyers ask for a list of your utility bills for
the year. Have them handy or put together a comprehensive list.
It's also helpful to collect the manuals and warranties
for your appliances and major systems like heating and air conditioning.
If your unit is still covered under a home owners warranty or a state
warranty insurance plan, have that available to pass on to the buyer. |
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For the service you expect and
the results
you deserve phone (973) 539-6300 x114 |
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Carolyn Weiss
RE/MAX Properties Unlimited
Morristown, NJ 07960
Office: (973) 539-6300 x114
Cell: (973) 216-5972
e-mail:
topcondo1@aol.com |
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Copyright © 2003
Carolyn Weiss
Web Site & Photography by
Aerialexposures.com |
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