Many owners of condo units who want to make some money choose to either sell or rent out their unit. If you are in this kind of position, here are some tricks you can use to get the word out there (and get a good price), especially if you plan to do a lot of the work yourself, instead of letting an agent do all the work.

Firstly, catalogue the good points about your condo accurately and in detail. You might think you know your condo like the back of your hand, more so if you have lived in it for years. However, you might just miss some assets that could have netted a good customer. A good way to avoid this is to go through your condo systematically with a pen and paper. Start from the first room and proceed through each of them. You might even sub-divide the rooms into sections, so as to avoid missing things.

Do not forget assets that exist "outside" the apartment. In other words, these are advantages that have to do with the unit's location. Is your unit near convenient places like a subway station, a business center, a shopping center, or an entertainment district? Is it very close to hospitals and police stations in case of emergencies? Does the window offer a spectacular view? The building or complex in which your apartment is located might offer some excellent services that make life easier for those living there. These are all great attractions to potential buyers.

In addition, when scouting for customers, do not write off useful demographic groups without good reason. For instance, people tend to associate condo units with relatively young residents. We tend to think of older people as living in houses, or even rest homes. This is most definitely an over-generalization. Many senior citizens would not mind living in an apartment, which may be easier to maintain than a house.

Condo unit auctions are an interesting option, too. One of the best things about the process is its speed. Bidding can start and finish in the course of a single day, or even in a few minutes' time. This means that you do not have to go through the inconvenience of a long sales/marketing process, touring lots of people around the apartment and always being ready for visitors. Whether or not you set a minimum price at the auction is up to you. Setting up an auction without a strict minimum seems foolhardy, but it does tend to attract more bidders. If you really cannot decide, you might try getting a little professional advice on this question-if the advice is not too expensive. Interestingly enough, you might sell your condo unit as part of a set. Perhaps you have other properties. Or, you and some others might decide to pool your property as a set up for auction, and then divide the proceeds accordingly. Make sure that the agreement is set before the money comes in to prevent messy arguments.