OUTLIER
NL
REALTY
UP-TO-DATE CONDOMINIUM LISTINGS
PLEASE CONTACT ME TO:
ARRANGE A VIEWING FOR ANY CONDOMINIUM PRESENTLY LISTED FOR SALE ON THE MLS SYSTEM,
ARRANGE A VIEWING OF THE GOVERNING DOCUMENTS, i.e. Declaration, By-Laws and Plans FOR ANY RESIDENTIAL OR COMMERCIAL CONDOMINIUM IN THIS PROVINCE,
ARRANGE TO RECEIVE IMMEDIATE AUTOMATIC NOTIFICATIONS WHEN A CONDOMINIUM IS LISTED FOR SALE ON THE MLS SYSTEM
ASK A QUESTION REGARDING ANY ASPECT OF BUYING OR SELLING A CONDOMINIUM OR ON CONDOMINIUM LIVING IN GENERAL,
EVERYTHING YOU NEED TO KNOW ABOUT CONDOMINIUMS
Please refer to the Condominium Act and Regulations
for full details on the various topics covered above.
IT PAYS TO BE INFORMED!
KEY POINTS TO LOOK FOR WHEN PURCHASING A CONDOMINIUM
- Ensure that the condo’s governing documents have been registered at the “Registry of Condominiums,
- Ensure that the condo corporation is in a sound financial position, with special emphasis on the “Reserve Fund”
- Understand your insurance requirements,
- Make sure that your realtor and lawyer are familiar with the condo legislation and experienced with condo purchases,
- Ensure that your purchase documents include the appropriate conditional clauses,
- Obtain, and allow sufficient time to review, the condo’s declaration, by-laws and financial information,
- Understand what is included as “common elements”, including “exclusive use” common elements,
- Check to see if the condo is covered under a new home warranty program, if it is a new development, and
- Review and understand what is covered by your monthly condo fee.
OBTAIN PROFESSIONAL ADVICE
Is your real estate agent and the other professionals such as your lawyer and financial advisor knowledgeable regarding all aspects of the province’s Condominium Act and Regulations as well as condominium governing documents such as Declarations, By-Laws, Plans, etc.?
There are many aspects of buying a condominium that are quite different from buying a regular house/property. For example, receiving and reviewing the various condominium governing documents as well as the many important items included in the condominium disclosure statement or estoppel certificate are different but essential aspects of buying a condominium.
It is therefore, very important that you engage the services of a real estate agent and lawyer, as well as an account and financial advisor, if deemed necessary, that either specialize in or are very knowledgeable about condominium purchases and ownership.
This webpage provides both condominium buyers and sellers with detailed, valuable and very relevant information regarding all aspects of selling, buying and owning a condominium.
The Outlier NL Realty website also provides buyers and sellers with up-to-date listings of residential and commercial properties for sale.
The website also provides details on private sale listings, including the sellers contact information and a link to the listing on realtor.ca.
On the site, you will also find valuable information for Newcomers to the province who are looking for information on all aspects of purchasing a home in the province.
Also learn about the brokerage’s 1.25% listing commission model as well as gaining an insight into the buying and selling of commercial real estate and businesses.
While you are on the site, take a few minutes to visit the resources, about, and contact pages.
Go back to the Outlier NL Realty Home Page for more valuable information on all aspects of residential and commercial real estate
Your questions and observations are welcomed!
INFORMATION IS FREE BUT PRICELESS!