When considering selling a condo in London, Ontario, in addition to the price and the Realtor you select to represent you, contact your condo corporation before listing it on the MLS.
99% of the time, when you and the buyer agree on the price, there will be a conditional clause that states that the buyer’s lawyer will have 7-10 days to review the status certificate provided by the condo management company.
The buyer’s lawyer is reviewing the corporation's financial status to determine whether there are any unpaid condo fees or assessments from you, and whether there are any infractions, such as a missing screen or an unauthorized addition, such as a deck, satellite dish, etc.
You would be surprised at the number of hasty remedies and discussions that occur if a lawyer finds out some things that you were not aware of. To ensure a smooth sale, take the time and effort to identify any potential issues that could impact the final sale of your condo, whether it’s an apartment, townhouse, or other property in London, Ontario.
Be proactive, you may be glad you did!
To ensure a smoother process, we do this every day and have systems in place to prevent unforeseen issues.
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