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Market Updates

During the process of buying or selling a home, countless questions are bound to surface regardless of how "seasoned" you are in Real Estate.  Some questions are easily answered, however others may require a bit of research and study.   I understand how difficult it can be to sift through the mountain of information out there in order to find answers that are relevant and meaningful to you.  

As a firm believer in "knowledge is power," I do my best to educate and inform my Buyers and Sellers about the current market conditions and the process involved once you have made the decision to move.     

If you would like to receive regular Market Updates or newsletters please contact me at dodi.t@shaw.ca or call me at 604-644-3634

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Ten questions to ask a strata corporation

1. What bylaws and restrictions govern the property? Are there grandfathered clauses?

2. What is the date of the last depreciation report? Is a copy available?

3. Have engineering reports been done on the strata and are reports available?

4. How much is in the contingency reserve fund? How are funds invested?

5. How much are the monthly strata fees and what do they cover, for example, common area maintenance, recreationalfacilities, garbage collection, hot water, heat, cable?

6. What repairs have been made in the last decade, for example, major plumbing, roof, windows?

7. Have there been special assessments in the past five years? What did they cover and what was the cost per unit?

8. What percentage of units are owner occupied? What percentage are rental units?

9. Is there pending litigation, for example, for leaky condominium repairs?

10. What is the deductable on an individual unit?


Source Real Estate of Greater Vancouver 

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604–644–3634
dodi.t@shaw.ca

RE/MAX Dodi Thorhaug Realty
#101-2609 Westview Drive North Vancouver, BC V7N 4M2 Canada

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