SELLING A CONDOMINIUM IN 2026—
By Bernard Bujold —
Many people have asked me how my faithful companions and I experienced the recent sale of our city condo!
Real estate is a financial investment, but with the difference that you can’t cash it in whenever you want. You have to wait for the right moment, and that can take anywhere from two weeks to two years…
In our case, the process was complicated because we wanted to sell but didn’t want to leave the city due to professional obligations.
In real estate, the agent acts as an advisor, but doesn’t make decisions for the owner, who must choose whether to sell with or without renovations; set the asking price based on market comparisons; and negotiate offers from potential buyers—if there are any—since it’s possible that no one will show interest (no fish on the hook)…
Renovating a condo for sale is a complicated decision to evaluate because, while renovating will speed up the sale, in 90% of cases, the buyer will tear everything down from top to bottom once they become the owner—removing the fixtures in the rooms (bathroom, kitchen), replacing the floors and paint, and often changing the partition walls. On average, a buyer invests between $100,000 and $200,000 in remodeling their new condo, even if it has been renovated by the seller. In the end, the seller’s renovations are generally a waste of money or, at best, a temporary facade to make the unit more appealing—much like a stage set…
In our case, we hadn’t renovated!
The ultimate goal in selling a condo, however, is the result: to sell! “We have to find a solution!”
And as with any sale, you have to find a buyer who’s interested in the space.
Real estate agent Louise l’Heureux and I are longtime friends, but we each have a completely different style. I’m impulsive (shoot from the hip), and Louise is very classy. I managed to rein in my impulses, and she managed to find the buyer because she knows her business inside and out.
In my view of life, what matters isn’t the journey, but reaching the destination! Congratulations to real estate agent Louise L’Heureux, while my faithful companions and I are off on new adventures! www.lestudio1.com
By Bernard Bujold —
Many people have asked me how my faithful companions and I experienced the recent sale of our city condo!
Real estate is a financial investment, but with the difference that you can’t cash it in whenever you want. You have to wait for the right moment, and that can take anywhere from two weeks to two years…
In our case, the process was complicated because we wanted to sell but didn’t want to leave the city due to professional obligations.
In real estate, the agent acts as an advisor, but doesn’t make decisions for the owner, who must choose whether to sell with or without renovations; set the asking price based on market comparisons; and negotiate offers from potential buyers—if there are any—since it’s possible that no one will show interest (no fish on the hook)…
Renovating a condo for sale is a complicated decision to evaluate because, while renovating will speed up the sale, in 90% of cases, the buyer will tear everything down from top to bottom once they become the owner—removing the fixtures in the rooms (bathroom, kitchen), replacing the floors and paint, and often changing the partition walls. On average, a buyer invests between $100,000 and $200,000 in remodeling their new condo, even if it has been renovated by the seller. In the end, the seller’s renovations are generally a waste of money or, at best, a temporary facade to make the unit more appealing—much like a stage set…
In our case, we hadn’t renovated!
The ultimate goal in selling a condo, however, is the result: to sell! “We have to find a solution!”
And as with any sale, you have to find a buyer who’s interested in the space.
Real estate agent Louise l’Heureux and I are longtime friends, but we each have a completely different style. I’m impulsive (shoot from the hip), and Louise is very classy. I managed to rein in my impulses, and she managed to find the buyer because she knows her business inside and out.
In my view of life, what matters isn’t the journey, but reaching the destination! Congratulations to real estate agent Louise L’Heureux, while my faithful companions and I are off on new adventures! www.lestudio1.com
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