Condos and single-family homes have their similarities, but their differences are many, and you have to account for the latter more when selling each type of property. If you have experience selling a single-family home but haven’t yet gone through the process of selling a condo, here are key things to know about the latter process.
You’ll have less wiggle room with your asking price
In most markets—East Vancouver included—condos are comparatively cheaper than detached houses. This also means that the increase in value is lower in condos than in single-family homes. The lower average price can come as an advantage, as it can appeal to those who intend to downsize, purchase an additional home, or invest in the East Vancouver real estate market. Read more on this article: