Condo

May 31, 2011

Research resale condo before buying

“While a resale condo may provide an opportunity for a more relaxed lifestyle, getting there can be challenging, says the president of the Calgary Real Estate Board”

MoneySense: How to buy a condo

“Craig Sebastiano’s first experience as a condo buyer was both exhilarating and annoying. The 35-year-old web producer knew what he wanted: a nice one-bedroom condo unit about a 10-minute walk from his job in downtown Toronto. He also wanted a workout room in the building so he could exercise late into the evening after long days at the office.”

Smart buyer looks into condo’s finances

“The frenzied Washington-area condominium market has buyers scrambling to find a home before the prices climb higher or a competing buyer wins a bidding war for the perfect residence. Condominiums continue to be a hot commodity in the District, Northern Virginia along the Metro lines, and in Bethesda and other close-in Maryland suburbs, but buyers should still take the time to do research. No one wants to get stuck with a home he or she doesn’t want when the market eventually cools.”

Uncertainty, Risk and Opportunity

“Purchasing a condominium is a very large investment and like any investment is not risk-free. While property values have been setting records month after month, and more people are enjoying the benefits of ownership, a little prudence goes a long way.”

Do Your Calgary Condo Diligence

“First of all, I cannot think of a situation where I would not recommend and strongly advocate for a condominium document review condition in your offer to purchase a resale Calgary condominium.”