Buying a Toronto Condo | 5 Mistakes To Avoid

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2 жыл бұрын

In this video, Toronto real estate team leader Tom Storey talks about the 5 mistake you should avoid when buying a Toronto condo. Tom and his team rank in the top 5 for Downtown Toronto condos sales in 2020 & 2021.
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Пікірлер: 18

@TomStorey 2 жыл бұрын

Are you planning on buying a condo in 2022?

@STEVEN-GULLA 2 жыл бұрын

I just got one in burlington, wish me a good luck

@VenrickAzcueta 2 жыл бұрын

I suggest to also do your homework and look into the building management of the condo. After purchasing, this is the team you will be dealing with on a day-to-day basis. A good building management team will be one of the key factors of your living experience as they dictate maintenance fees, building policies etc.

@harlanmichael7088 2 жыл бұрын

Great tips!

@seanwilliamcowan 2 жыл бұрын

awesome videos

@karatsurba4791 Жыл бұрын

How much do condos appreciate in value over the years? Any references to back the stmt are much appreciated. Thanx

@vfxart1994 Жыл бұрын

6:28 Do videos on condo evaluation so normal guy knows what to offer and comes well educated and prepared. thanks.

@tiberiomach7810 2 жыл бұрын

I hear Condo/home Boom in Nova Scotia/PEI going to taking place , get to it!!

@michaela.5363 2 жыл бұрын

Would love to buy one as an investment

@karatsurba4791 Жыл бұрын

Can MLS n similar listings be accessed without a real estate license? Helps to have an intellectual discussion with the agent when discussing about listings

@TomStorey Жыл бұрын

Yes, all listings in Canada are on realtor.ca

@wapow006 2 жыл бұрын

Look at condo's finances. After you review it a few times you know how to analyze a building. A healthy condo has a fluctuating maintenance fee increase... To match inflation. A condo that hasn't raised maintenance fee for a few years doesn't necessary mean it is better. In fact it is the opposite Does the reserve fund have money? Align with reserve fund study targets and is the condo insurance deductible at 10k? Or 100k?

@karatsurba4791 Жыл бұрын

Thanks for your comment. Can one access the finances of the condo building (reserve fund, maintenance yr on yr, etc) before owning a condo in that bldg ?

@shanein_thesix9185 2 жыл бұрын

What’s a good down payment for a first time buyer

@TomStorey 2 жыл бұрын

Ideally 20% to avoid mortgage insurance, but if you only have 5-10% you should still buy to at-least get into the market.

@vfxart1994 Жыл бұрын

5:04 there should be calculators for tht to compare this which one is more expansive normal guy dont have time to calculate all this on spot. should be automated through AI or programming a python calculator.