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Our Real Estate Blog

Great Real Estate advice can only come for professionals who know the process of buying and selling a home intimately. Have a Real Estate Question for us? Ask us Today.

 
 

July 2017

Ready for Condo Living? Learn the Benefits Choosing Condos for Sale

Through committed research, you can find that ideal condo property designed for you and your family. But some find that condo living isn’t right for them. Unfortunately, they only find out after they’ve bought their new place. That’s why it’s so important to complete your research before buying one of the condos for sale in Brockville. In this latest post, we’ll explore condo living in greater detail with a full outline of its pros and cons.

The Pros:

  • Customization

For those who have been used to renting for years, condo living presents a greater sense of control over the personal space. You can customize the walls and cabinetry and design the home according to your unique tastes.

  • Social Lifestyle

For those who love a social lifestyle, condo living is ideal. Condo buildings have multiple communal areas including meeting rooms, pools and party rooms that present multiple opportunities to become friends with neighbors.

  • Prime Locations

In most major cities, owning a condo is the only way in which to buy in a prime location. There are very few accessibly-priced freehold properties in major cities across North America. And so, you can buy a condo if you’re looking to live close to the downtown area while buying into the market at a relatively affordable price.

  • Amenities

Most condos also offer amenities that you won’t find in the average apartment building and few families can afford for their freehold home. For example, within condos you’ll find gyms and swimming pools that allow you to stay in shape during the winter months.

The Cons:

  • Condo Fees

With other forms of property ownership, your expenditures go down the longer you own the property. However, condo fees generally remain the same throughout your ownership period. You may even find you must pay a higher fee if major work is required on the property.

  • Limited Appreciation

Condos generally don’t appreciate in value in the same way as freehold homes across the country. You might see small gains over several years, but long-term appreciation will be limited.

  • Repair Responsibility

A major difference between renting and condo ownership is that you’ll be responsible for the repairs within the property. If the toilet requires a plumber, you’ll likely be on the hook for the full cost. You might also take on further responsibility for repairs to the building, as part of condo living arrangement.

MinCom Island City Realty Inc.

There are many pros and a few cons to take into consideration when analyzing the various condos for sale in your local marketplace. Talk to the experts at our MinCom Island City Realty Inc. team before making that final decision. Call today to learn more on what you need to know before buying condos for sale.

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Five Steps Detailing How to Choose a Qualified Real Estate Agent

By learning more on the process of how to choose a real estate agent, you can ensure you find a qualified specialist committing to meeting your needs and finding you that ideal home. Our team has decades of experience within the real estate industry, and in this latest post we’ll explore more on how to choose a qualified real estate agent, in these following five important steps.

  1. Get Guidance from Friends

The first step in the process is to get referrals from friends and family. Find out which specialist they used when they bought their home. How was their experience and would they select the person again? Research the agent online after you’ve discussed them with friends and family. Find out more on their experience in the local marketplace and the number of sales and purchases they complete.

  1. Ask the Agent Questions Directly

Once you’ve completed local research, it’s time to pinpoint local options and find a specialist to speak to directly. When speaking with the agent, find out more about their real estate background. What led them to a career in the real estate marketplace. What is their direct experience of negotiating on behalf of their clientele? Discover more on how they operate throughout the day. Will they be available to take your calls and to offer you guidance when you need it most?

  1. Consider Each Agent’s Competitive Advantages

After completing research and speaking with at least a couple of local real estate agents, you should narrow down each of their competitive advantages. For example, experience in digital marketplace is a clear benefit in today’s marketplace. A key element in the process of how to choose a qualified real estate agent is how familiar the agent is with online marketing and how familiar their name is in the marketplace. These benefits can help ensure your bid is welcomed by the seller and that you find that ideal home quickly.

  1. Review Your Own Personal Feelings

Now that you have all the information available, you can take stock of your options and consider your own personal feelings. How did you feel about the agent and their responses to your questions? Were they committed to respond to you or did they take their time getting back to you? Are they available and do they have the experience you need to safeguard the buying process?

  1. Select and Continually Analyze Service

You’re then in a position to select the most qualified candidate for the role as your real estate agent. But during their work with you, try to continually analyze the service provided. Remember, you’re still in control and if you don’t feel comfortable, you can choose another agent in future.

To discover more on how to choose a real estate agent, speak with our trusted team at MinCom today!

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