You are thinking of buying a preconstruction condominium, you hear people talking about making a fortune by buying them and you want the piece of the pie. Facebook is full of advertisements for new launches and the graphics look spectacular, so you decide to wait for the next official opening to go in without an agent because you know what you want, right? In this blog I will try to explain as much as possible (and the topic is extensive) about the process and key factors when buying a... [read more]

In our previous blogs we have explained step by step process of buying resale condominiums, and deeper into the most important document associated with the purchase, the status certificate, in this blog we would like to take it even further and explain one of the most important aspects of the status certificate, the reserve fund study, in more details. What is a reserve fund. In the nutshell the reserve fund are money put aside every month for future repairs and replacements, it is... [read more]

You may have heard of realtors offering a cash back, in this short blog we will explain what it is, and how it works. What is a cash back? Cash back for buyers is an incentive offered by the real estate agents for their buyers. In a typical real estate transaction the sellers signs a contract with the listing agent, in the contract one of the items outlined is a commission, part of the commission is received by the listing agent (agent representing the seller), and part of the commission... [read more]