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Toronto Condo News
Publication date:
January 1, 2023
Article Summary: 

The article titled "Selling to the Condo Board" discusses the process and considerations involved in selling a unit to the condominium board. It provides insights into the benefits and challenges of selling directly to the board instead of going through traditional market channels. The article explains that selling to the board can be advantageous as it eliminates the need for marketing efforts, real estate commissions, and potential delays associated with finding a buyer. It highlights the importance of understanding the board's buying criteria, which may include factors such as the unit's condition, location, and potential for rental income. The article also mentions the potential challenges and conflicts of interest that can arise when selling to the board, such as the need for transparency, fair market value assessment, and ensuring a level playing field for other interested buyers. It concludes by emphasizing the significance of open communication, transparency, and proper documentation throughout the selling process.


selling to the condo board, process, considerations, benefits, challenges, traditional market channels, marketing efforts, real estate commissions, potential delays, buying criteria, unit condition, location, rental income, conflicts of interest, transparency, fair market value assessment, level playing field, open communication, documentation.

Source Citation: 
Toronto Condo News
January 1, 2023
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