Condo living is a popular choice for many Albertans because it can be a relatively carefree housing option. Hiring a professional Realtor to help you buy is a wise decision; it costs you nothing because the seller pays the commission.
Buying a condo is slightly different than buying a single family dwelling, because a condo is governed by a Board of Directors and has a set of bylaws that they have to adhere to. An experienced Realtor will be able to help navigate the condo documents. Each condo development has its own set of bylaws, a reserve fund and a reserve fund study, minutes from meetings, etc, and you will want to make yourself familiar with all of these documents prior to making a purchase, and having a Realtor to help you is a key to your success.
A Realtor has many resources to help you find the right condo for you. They have access to listings that you may not have. They provide important information on neighbourhood demographics, public transits systems, schools and churches in the area. They also provide information on zoning issues. A Realtor will help you negotiate the price, the terms, date of possession, inclusion or exclusion of repairs, furniture, or equipment. They will provide you all the information you need to make informed decisions, provide prices on comparable condos in the area, and ensure that all documents are completed correctly.
A Realtor can help you understand the different financing options and identifying qualified lenders. They will have information on the various inspections that you will want to have completed prior to your purchase becoming final. They can help you make sense of the legal details.
A Realtor can warrant that the process of buying your condo goes smoothly and that the paperwork is progressing in a timely manner. Having a Realtor working with you can ensure that closing day is stress free.
Having a Realtor gives you peace of mind.