Owner corporation fees are one of the most important but underestimated details when selling an apartment. Investors and informed buyers will always ask for the disclosure statement, a clear breakdown of regular and special levies, and information about the building’s maintenance and budget. When fees are high or poorly explained, buyer hesitation sets in.

My job is to get sellers ready by making these details available up front. That means presenting clean documentation, explaining what the fees actually cover, discussing any upcoming or recent special levies, and demonstrating the value that comes with the building’s management plan. Buyers compare properties on outgoings as well as returns—apartments with lower or transparent levies usually attract wider interest and better offers.

Sellers sometimes overlook fee information or try to gloss over big ticket items. That is a mistake. Being transparent not only makes negotiation easier, it helps buyers budget confidently and increases trust. If you plan to sell, make sure you have all owner corporation documents, a current budget, and a clear history of levies and special expenses.

Clear, honest information enables you to defend your price and streamline buyer approval, making your apartment stand out in a crowded market.

Have questions about your owner corp documents? Contact Genneva Smarrelli today to discuss your apartment, unit or investment property strategy. Visit http://collings.com.au/contact to connect directly.