Found 2 blog entries tagged as due diligence.

Negotiating plays a vital role in the real estate market, whether you're a buyer or a seller. Effective negotiation skills can help you secure a favorable deal, whether it's obtaining the best price as a buyer or maximizing your profit as a seller. In this article, we will provide valuable tips for negotiating the real estate market to help buyers and sellers navigate the process successfully.

Understand the Market

Before entering into negotiations, it's crucial to have a solid understanding of the real estate market. Familiarize yourself with recent sales data, market trends, and the current supply and demand dynamics. Knowing the market conditions will help you gauge the level of competition and determine appropriate negotiation strategies.

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Doing your due diligence before buying a condo is of the utmost importance. Potential questions include: 

  • What are the service terms for board members?
  • Does the condo board have a reserve fund and how much money is in it? 
  • Does the condo have any upcoming major repairs? 
  • Are water, electricity or heating included?
  • Is maintenance of common areas (garbage pickup, snow removal, etc.) covered by condo fees? 

They’re all questions you’ll want answers to before you decide to put in an offer. 

Whether you live in a big city full of condos like Toronto, Ontario, or a smaller town like Canmore, Alberta, condos are often seen as a first step in homeownership for young adults. They’re also popular among seniors looking for…

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