This condo London Ontario tip is to contact your corporation manager before you list it on MLS. In addition to the price and dates, contacting the condo manager could save you last-minute headaches.
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 corporation’s financial status to see if there are any unpaid condo fees or assessments from you, infractions, such as a missing screen, or an unauthorized addition, such as a deck or satellite dish.
You will be surprised at the number of hasty remedies and discussions if a lawyer discovers some things you were unaware of.
To ensure a smooth sale, take the time and effort to find out if any issues could affect the final sale of your condo, be it an apartment or a townhouse in London, Ontario.
For more condo London Ontario tips:
London Ontario Condo Seller Guide
Why a Status Certificate When Buying a Condo In London, Ontario?
When people think of a condominium status certificate, they believe it concerns the amount of money in the reserve fund. A Status Certificate when buying a condo contains information regarding the condominium corporation’s operational, legal, and economic dimensions.
Ty Lacroix Broker Envelope Real Estate Group