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?