When considering selling a condo in London, Ontario, besides the price and the Realtor you select to represent you, get in touch with 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 looking at the financial status of the corporation, to see if there are any unpaid condo fees or assessments from you if there are any infractions, such as a screen missing, 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 an even smoother process, we do this every day and have systems in place that will save you from unforeseen issues.