Condo Real Estate
Agents
A good real estate agent specializing
in existing condominiums can help you save time and energy.
You can choose to deal with the
vendor’s real estate representative (for existing condominiums), but
you should really enlist one who will act only on your behalf.
If you deal with the vendor’s
agent, there should be no charge to you, as the agent will be
paid a commission by the vendor. An agent acting exclusively for you
should not charge a fee for his/her services, as he/she normally
shares in the vendor’s agent’s commission.
Make sure you are clear on who is
paying the real estate agent’s commission, and what your obligations
are once you’ve signed an agreement. When you meet with your agent,
be specific about what features you’re looking for, location, and
your budget. This will allow your
agent to pre-screen condominiums on the market that are within your
price range, in the neighbourhoods you want to live in, with the
features and amenities you want. A real
estate agent can also assist you in making an offer to purchase once
you’ve found the unit that’s right for you. Remember for a re-sale
unit purchase, make the offer conditional upon getting all
corporation documents available to the purchaser under provincial
legislation, including an estoppel or status certificate where
available, or the financial statements and governing documents for
the condominium.
Making any
sale conditional upon a satisfactory review of the condominium’s
financial condition and inspection by a qualified professional is
also highly advisable.
Agent
Immobilier a Vancouver
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