What you Need to Know Before Buying a Condo in Greater Victoria

FREEDOM

For those folks who have lived in single- family homes all their lives, condo living provides freedom from repairs and maintenance of all those outside tasks such as mowing the lawn, gardening and painting.

AMENITIES

In some buildings, you will have access to amenities such as games rooms, swimming pools, workshops and even guest rooms for visiting family – which you may not be able to otherwise afford or want to maintain.

LOCATION

If you want to be near downtown Victoria or Oak Bay for easy access to work or amenities such as restaurants, theatres etc.Condos may be your most affordable option. 

SHARED COSTS

Major replacement and repairs are shared by all the owners, whether these expenses come from the contingency reserve fund or by way of special levy or special assessment.

SECURITY

Being able to “lock and leave” to travel knowing that your neighbours are nearby is a big plus for many strata owners.

If you decide a condo, townhome or duplex is right for you, we can help you find a great place that is a perfect fit. Most importantly, we will help with the necessary investigations including strata document review and ensuring your contract to buy the condo or townhome protects your interests.

If you’d like to discuss condo living in more detail, or have any questions of condo, townhome, duplex or other types of strata ownership in British Columbia – please Contact us.

It’s often said that spring and summer are the best times to buy or sell a house. However, there are some key advantages to selling your home during the winter. 

Here are four reasons why the spring and summer aren’t always the best times to sell a home

1. Fewer homes for sale in the winter equals less competition

Postponing the sale of your home until spring could result in greater competition due to a larger pool of available properties. But if you were to list your home during the winter, less competition will make it easier for buyers to notice your property.

2. Greater number of serious buyers in the winter

If you listed your house during the winter and hosted an open house on a cold day, most people aren’t going to venture out unless they’re serious potential buyers. So, while your property might receive less foot traffic in the winter compared to the spring, those who visit the property are looking to make a worthwhile offer.

3. Interest rates can shift upwards

Mortgage interest rates can shift upwards between winter and spring. If you postpone listing your home and rates begin to rise, this may limit the number of buyers who can qualify for a loan to purchase your home.

4. Your real estate agent can give you more time and attention

Your real estate agent might have fewer clients during the winter compared to warmer months. If so, they can devote more time and attention to selling your property and helping you find your next place.

It’s ultimately your decision whether to sell in the winter or wait until the spring or summer. If you're eager to sell your home and purchase a new place, now’s the time to list.

Fall Home Maintenance Checklist

With the leaves falling and the days getting shorter, this time of year also brings with it winter storms, so remember to do some important home maintenance before winter comes.

Protect your home’s value by tending to seasonal maintenance.

Here are some home maintenance tips:

● Clean and stow your lawn mower

● Remove garden hoses from faucets

● Drain your sprinkler system

● Seal air leaks sound doors and windows

● Unblock & clean gutters

● Inspect your roof for signs of wear and tear

● Give your fireplace a good clean

● Check your furnace

● Prune Plants