Selling a property can be more complex when it’s part of a co-ownership. In this case, you’re not just selling a house or an apartment. You’re also selling a share of the co-owned property, which implies potential additional costs, rights, and obligations for the buyer. As the seller, your role is to provide the buyer with all the useful information they need to make an informed decision. Of course, the best approach is to be supported by a real estate professional to ensure the process goes as smoothly as possible.
Consider the Co-ownership’s Projects in the Property Valuation
Valuation is an essential step before any sale to ensure a quick and well-priced transaction. Whether in co-ownership or not, this involves many factors (property condition, location, market trends, etc.).
In co-ownership, the valuation must include the condition of the building and any short- or medium-term planned works. If major works are scheduled within the next two years, the buyer must be informed — and may use this as a point for negotiation. That’s why a comprehensive and realistic valuation is important.
Include Co-ownership Details in the Listing
To attract genuinely interested buyers, your listing should be appealing and informative. In the case of a co-owned property, include the number of lots, annual charges, and any foreseeable expenses.
Provide All Co-ownership Documents
The buyer will need full information on the co-ownership before deciding. Gather the minutes of the last general meetings, and provide statements so they can anticipate regular expenses.
Are works planned in the building? Inform the buyer!
Even if works are recorded in meeting minutes, share quotes or financial estimates if you have them. Also ask the property manager for any technical diagnostics and pass them along to the buyer.
Selling in Co-ownership: Why Personalized Support Matters
Selling in co-ownership is often more complex than selling a single-family home, due to the number of documents and legal obligations involved.
A real estate agent trained for this can save you time, money, and energy. Working with an agency usually speeds up the process, ensures legal compliance, and reduces the risk of conflict. You also won’t have to worry about collecting documents or organizing visits — they’ll handle everything for you.
Lastly, for the buyer, buying through an agency is often more reassuring, as they know the administrative and legal aspects are handled by professionals.
