If at any point in the projection the cash flow dips into the negative the condo board HAS to develop a plan to deal with it, often times this will result in a special assessment,
Ottawa’s Most Expensive Condos by Dave Williams, July 2nd, 2015, updated June 20th, 2017 by Owen Kennedy 2017 Update 2017 is a stellar year for condominium sales with over 1400 […]
so when the time comes for you to find the condo in the “goldilocks spot” you might have a few more choices than she did
I got to thinking, over the past few years we have seen banks, cities, almost some countries go bankrupt…so what would happen if your condo corporation went bankrupt.
So I asked, and I’d like to share the answer with you.
While reading a blog the other day (http://www.dumblittleman.com/2006/06/selling-your-home-10-questions-i-asked.html / ) a Dumb Little Man who asked the following questions I or several real estate agents before selling his home. Be sure to check out his blog (i’ll link it at the bottom too) for some great tips and tricks when selecting an agent.
#7 Best Days On Market…0!!! We sold it the same day!
The important thing to remember is people can see past your stuff, clutter and design tastes and picture themselves living in the home with easy. There will be no need to keep your home spotless, fix anything that’s been on your Honey-do list for years or even paint and wash the windows!
While every Real Estate agent is different, this is one scenario that we would like to avoid. When we meet with you at the office we are going to spend the time to really understand what you are looking for. Hopefully by the end of our meeting we will have a great idea of what you want to buy and you will think we are the team to work with.