What you need to know before buying a condo
Listen to “What you need to know before buying a condo” on Spreaker. Davelle Morrison, Sales Representative at Bosley Real Estate discusses some of the things that buyers need to know before buying a condo. How is location important in your decision to buy a condo? Which is better older condos or newer condos? What are the positive and negatives of both of both buildings? How does the size of the condo play a factor in determining whether you pay a high or a low maintenance fee? Why should you create a wish list of what your priorities are when you are buying a condo? Are fixer upper a really great way to get value for your money in the condo market? What are the positive and negative aspects of buying a fixer upper condo? What is a conditional purchase? What is a Status Certificate? Why is it important to go see the parking spot a head of time? Why is it important to buy a unit in building where the percentage of renters are below 30%? Why is it important to consider the demographic of the building when you choose to buy a unit? How is the price fluctuation for a condo on a bidding war night different from the price fluctuation you would see on a house on an offer night? What is a bully offer or preemptive offer? Which is better preconstruction condo or a resale condo? What is the percentage of investment you have to put down up from for a preconstruction condo? What is the percentage of investment you have to put down up from for a resale condo? Why is it important to hire a lawyer in your decision to buy a preconstruction condo? Which is better coop condo or a regular condo? Which segment of the market loves the coop condo? Why is it important to look out the window of the condo you intend to buy?
