Selling a strata unit comes with a few extra considerations, so here’s what you need to know about managing this process and what you can do to make it easy.
Owning a strata property comes with a few different considerations, whether that’s navigating shared spaces or understanding how the complex is governed. Selling your unit though, regardless of whether you’re living in the property or using it as an investment, is one time in particular when you need to know what your options are.
Take advertising. If you want to put signage up to let people know you’re looking to sell, chances are the spaces facing the street will be common property, so you’ll need to get permission from the Owners Corporation.
You’ll then need to check if there are any rules at the strata level that govern how you advertise and sell the property, just in case these will affect how you market your unit and show possible buyers around.
You should also to investigate whether there are any planned maintenance projects. If you’re hosting people through the property, you’ll want to make sure you’re arranging these around any maintenance so people see the complex at its best. If you can time this so that any maintenance work to your unit or the communal spaces is complete, you’ll be in an even stronger position to sell the property.
Lastly, chances are the new buyer will want to see the strata report, so be prepared for this request. The easier you can make it for possible buyers to learn about the property and its management, the easier you’ll find it to sell.