Flight to condos presents challenges, opportunities for Victoria buyers
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Drawn to condos and townhomes as alternatives to single-family-dwellings, record numbers of Victorian are finding themselves thrust into a world of strata minutes, depreciation reports, engineering reports, and in the case of pre-sale properties, developer contracts.
This growing popularity of urban living on southern Vancouver Island has shed light on the critical importance of one aspect of the real-estate industry: contract and strata documentation literacy.
“Deciphering the documents and understanding the implications of what is being presented is at the heart of a rewarding real-estate purchase,” says Tony Zarsadias, co-owner of Victoria-based Condo Group Real-Estate Team. [Full article]