Advertisement
16 With a resale condo, examine the appliances and wear and tear on the suite closely.
17 Note the condition -- and aroma -- of the lobby and common areas such as hallways and stairwells.
18 Find out who the occupants of the building are: mostly owners or tenants? Owners are preferable.
19 Find out the monthly condo maintenance fees and what exactly they include (and don’t include).
20 What are the property taxes? Are they included in the maintenance fees?
21 Chat with other owners and ask about their experience in the building.
Make me an offer
22 Visit the suite at least twice, if you can, before making your offer.
23 Know what comparable suites in the building and in the area have sold for.
24 As for offer price, listen to and discuss with your agent.
25 When you are ready to make an offer, make it conditional on your lawyer reviewing the Condominium Documents and Status Certificate.
Read more in Homes and Real Estate
You might also enjoy: