Condos

Condos

Condo living is not just about a home purchase, but a lifestyle choice. Apartments, townhouses, and attached housing can provide carefree living and even a lower-priced access point to enter the real estate market in Regina. When you are looking for a condo to purchase, partner with a Realtor® experienced in navigating the unique complexities of condo buying. When selling your condo, the right Realtor® can create an effective marketing strategy to ensure that your home stands out among its competition and is positioned to be the next successful sale in your building.

A Different Home Buying And Selling Experience

There are certain factors to consider when buying and selling a condo in Regina that are different from purchasing or listing a single-family home.

Condo Documentation: Condo docs are an essential component of every condo purchase and sale. This portfolio outlines the association’s bylaws, budgets and financial statements, reserve fund reports, annual reports, insurance information, and more. The seller is obligated to provide the condo docs and the buyer should contract a certified company to analyze them. This bundle can provide a comprehensive snapshot of the health of the association and can ensure that your investment is protected.

Condo Fees: This is an additional monthly or annual fee leveraged by the association to cover communal costs such as amenity maintenance, repairs and upgrade to public space, and may even include certain utilities like gas or water. 
Different Expectations For Privacy: Condo living means adjusted expectations for privacy. Certain condo homes like townhouses may feel quite similar to single-family homes, but apartment living can often mean dealing with neighbours more closely. If this is a concern for you, ask your Realtor® what accommodations have been made for sound and fireproofing, or consider a condo with private access.

Rules And Regulations: Condo living will inevitably include agreeing to live by certain rules and regulations designed to make all residents safe and comfortable. These can include noise restrictions, guidelines for pet-ownership, rules for smoking, and even possible restrictions about what you can keep on your balcony or how you can decorate the door of your unit.

Unexpected Costs: This is actually not unlike single-family home ownership, but condo living does not guarantee you will never encounter unexpected costs. If the need to repair major infrastructures such as water or electrical systems, elevators, or parkades arises, you may be required to pay a significant special assessment.

The Kelsey Smith Home Buying Process

We have streamlined the home buying process to make it as easy and stress-free as possible. You can count on transparency, availability, attention to detail, and strong negotiating at offer time. This is what you can expect with the Kelsey Smith home buying process.

Consultation for Home Buyers

Consultation for Home Buyers

Are you buying a house in Regina or the surrounding area? You may want to jump right in and schedule viewings. However, prior to starting the physical home search, I ask that buyers meet with me for a “Buyer Consult” session. During this meeting, I explain what to expect at every step when buying a home. We discuss the criteria of your dream home, what defects are important to look for when viewing homes, and everything else from the home inspection, and negotiations to how to choose your real estate lawyer.

Mortgage Pre-Approval

Mortgage Pre-Approval

Home buyers should be pre-approved for a mortgage so that they know exactly how much house they can afford. If you don't have a pre-approval, you could be disappointed to find out you cannot afford the house you find or you could lose the deal while waiting for approval. Even if you’re certain you qualify, getting a pre-approval from a Regina mortgage broker can streamline the process and ensure your finances are set to go when you are ready to make an offer. It also makes the final mortgage approval process much faster and less stressful for you!

The Kelsey Smith Home Buying Process
View Listings

View Listings

Once we’ve had our “Buyer Consult” and you’ve received your pre-approval, we can start looking at homes seriously. I encourage buyers to use any of the available platforms when looking for Regina MLS listings. KelseySmith.ca has up-to-date listing information and the ability to customize your search criteria for an elevated search experience. As your Regina Realtor®, I will also search for and send you listings that meet your requirements. Once we have a handful of possibilities picked out, I will schedule the viewings on your behalf and we will go house hunting together.

Making An Offer

Making An Offer

When you’re ready to make an offer, I will explain to you the terms, conditions, and legalities of the contract. Most importantly, I perform a Comparative Market Analysis (CMA) on the property to ensure you pay no more than fair market value and ideally a little less than that! I will help you formulate a strong offer that has the highest likelihood of being accepted by the sellers. Remember that using a buyer's agent is a free service to you as a home buyer. The commissions for a buyer’s agent are paid for by the seller.

An Insightful Real Estate Partner And Guide To Buy Or Sell Your Home

Kelsey Smith is committed to providing an exceptional experience for home buyers and home sellers in Regina and the surrounding areas. An in-depth understanding of the unique Regina real estate landscape and years of experience navigating the buying and selling process inform Kelsey’ strategy for successfully closing hundreds of real estate transactions. Her formulas for searching, listing, and marketing guarantee an unparalleled journey to homeownership and home sales. Connect with Kelsey by calling 1-306-552-7047 and choose Regina’s ideal real estate partner.

Benefits Of Condo Living

There are advantages to condo living that can make this type of ownership the most appealing to certain buyers. Here are just some of benefits of condo ownership:

  • Access To Amenities: Multi-family dwellings often offer an array of amenities not available to single-family home buyers such as fitness facilities, pools and hot tubs, access to shops and restaurants, and concierge services.
  • Enhanced Security: Condo living can offer increased security features such as controlled access, secure parking, lobby personnel, live camera monitoring, and more. This can be an attractive feature for people who live alone or who travel frequently and leave their home vacant for long periods of time.
  • Maintenance-Free Living: This can be one of the most appealing features of condo living. Lawn care and landscaping, snow removal, window washing, and repairs are often handled by the condo association. 
  • Location, Location, Location: People often think that condo living means downtown living, but Regina offers options for condo living in a wide array of neighbourhoods. City centre is certainly one option, but people seeking the maintenance-free living afforded by condo living can opt for suburban, family-friendly neighbourhoods too.

Why Kelsey's Clients Love Working With Her

Buying And Selling Condos In Regina

If you are buying or selling a condo in Regina, partnering with a Realtor® with a comprehensive understanding of the unique challenges of condo transactions is critical. There are certain factors that determine a successful sale and purchase, and neglecting these nuances can jeopardize your deal. Kelsey Smith has years of experience helping buyers find a condo that meets all of their goals for carefree, easy living and the insight and connections to position seller’s condos favourably against their competition and ensure that theirs is the next sale in the building. Choose Kelsey Smith and choose the best partner to guide you as you find the right condo for you or as you optimize your investment and sell your condo to fund your next endeavour. Connect with Kelsey by calling 1-306-552-7047 or fill out the online contact form.

The Kelsey Smith Home Selling Process

We have streamlined the home selling process to make it as easy and stress-free as possible. You can count on transparency, availability, attention to detail, and strong negotiating at offer time. This is what you can expect with the Kelsey Smith home selling process.

Consultation With Sellers

Consultation With Sellers

Are you selling your home in Regina or the surrounding area? It is important to understand the current Regina market conditions, the other properties currently for sale, how much similar properties have sold for recently, and more. It is also important for me to understand your reasons for selling, what makes you home unique, your timelines, and more. Are you looking to sell fast? Do you want to hold out for top dollar? I recommend we start with a “Seller Consult” session. This is an opportunity for me to view your property, understand more about your goals for this sale, and let you know what you can expect from the home selling process. Let’s connect and make a plan to sell your home.

Determine The List Price

Determine The List Price

The first step to selling a Regina home is to determine the list price.  A Comparative Market Analysis (CMA) is automatically provided as part of my service. The CMA will highlight comparable properties that have already sold in your area. I make upward or downward adjustments based on the similarities, differences, and upgrades between your property and the comparables. A home appraisal can also determine a home's value. If you are unsure of the value of the home, consider having both a CMA and a professional home appraisal done.

When I assess the market value of a property, I consider many factors. Average prices in a neighbourhood, how many active listings, sold listings, and Regina's market as a whole are all determinants when pricing a home effectively. Most importantly, I will take the time to explain these reports to you so that we can decide on the best price to list the home, together. I promise transparent education to you, the homeowner, on the condition of the local market so you can make the most informed decisions.

The Kelsey Smith Home Selling Process
While The House Is On The Market

While The House Is On The Market

Once the list price has been decided, we will review the listing contract which outlines the desired possession, real estate fees, legal description, and many other terms and conditions of the sale. I will help you prepare your home for the market by providing staging consultations and providing you with my "Ultimate To-Do List For Selling A Home In Regina." (link to list)

 Among my other responsibilities, my priority is to communicate with my client. I send weekly market updates, keeping you aware of any new listings, conditional sales, or properties that have sold in your area. The Regina real estate market can change quickly if a large number of homes come onto the market or sell within a short time frame. I keep analytics of how all my Regina MLS® listings are performing online by tracking how many views they get on Realtor.ca, Facebook, and other social media platforms. 

I have a unique approach to marketing Regina homes for sale. I always take professional photos and showcase the listing using SEO-friendly video and written content. The goal is to attract as many buyers as possible.

Receiving An Offer

Receiving An Offer

Once you receive an offer, I will negotiate with the buyers on your behalf and we will work together to get an acceptable sale price for you. The “conditions period” is the 7-10 day period the buyer requires to get approval of a mortgage, and complete the home inspection and any other inspections they need. I will act as a liaison between the buyer and their agent and you to provide any additional information they request. 

Once conditions have been removed, the seller can disconnect utilities, meet with their lawyers, and move forward with the sale process. The home is not officially SOLD until mortgage funds have been transferred. 

Be sure to read through my Home Sellers Guide for FAQs, detailed offer to purchase information, and so much more! 

Buying And Selling Regina’s Best Homes

Kelsey Smith is Regina’s choice for buying and selling homes. Buying or selling can be complex and stressful. Selecting the right Realtor® can ease the process. Kelsey Smith brings market insight, extensive experience, a streamlined strategy, top-level marketing know-how, and expert negotiating skills as your real estate partner to ensure the best outcomes for your sale or purchase.

Regina Condos FAQs

Condo associations may have monthly, quarterly, or annual general meetings (AGMs). Certain residents may take on leadership roles or the management of the association may be completely outsourced to a third-party company. Condo ownership does not mean that you have to take an active role in your condo association, but it is prudent to at least attend the AGM to stay apprised of any developments and ensure you have a say on any matters up for debate such as upgrades to public spaces or infrastructure.

This is different for every building. Some condos with very few services and amenities may have very low monthly fees. Some buildings with many amenities like pools and gyms, or with high-end services like doormen and concierges may have very high fees. New condo developments will often have higher fees as they work to build a healthy reserve and buildings with a robust and established reserve fund may have reduced fees. Some condo fee structures may even include utilities. Your Realtor® can help you figure out the monthly condo fees associated with the unit you are purchasing and what those fees include.

Special assessments are charges the condo association may impose to fund unexpected repairs or significant projects. These assessments are usually voted on by the community’s residents. Have your Realtor® and your condo doc review company flag any indicators that a special assessment may be inevitable and use this information when negotiating your purchase price.

A Partner For All Of Your Real Estate Goals

A Partner For All Of Your Real Estate Goals

Providing my clients with an exceptional home buying or selling experience is my top priority. First-time home buyers, empty nesters, sellers, and investors can expect current data and insight to make the most informed decisions regarding their real estate transactions. I promise to share my knowledge, my experience, and my time as we work together to achieve your Regina real estate goals. Connect with me for a free consultation at 1-306-552-7047 and let’s partner to make it happen.

Kelsey Smith Is Regina’s Choice

Choosing the right Realtor® is key to ensure a positive and successful real estate transaction. Kelsey Smith promises to deliver the education and time necessary to buy or sell your Regina home. Call 1-306-552-7047 and rest easy knowing you have made the right choice.

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