Whether you’re a first‐time buyer or a seasoned homeowner looking for a change in lifestyle, there are a few things you need to research before you consider making an offer on a condo in Barrie.
Determine what building is right for you: As the City of Barrie has grown, so has the number of condominium developments giving us a wide range of buildings to choose from. Having your real estate sales representative take time to show you the suites and amenities in all the buildings will help you decide what building is right for you.
Obtain the Disclosure Statement for new condos or a Status Certificate for existing developments: It’s important to know that when you purchase a condominium you are not just buying a new home you are also purchasing part of a corporation. Have your lawyer review the Disclosure Statement or Status Certificate. These documents will outline all the condo features, the rules and regulations and will also help determine the health of the Corporation.
Check out the building’s Rules and Regulations: Each condo is its own little community, and each has their own set of rules and regulations that they expect residents to follow. You need to be clear on these regulations to be sure that the building is going to be right for you. For example, if you have children or pets, you’ll want to ensure that the building you’re looking at isn’t an adults‐only, pet free environment.
As soon as you’ve decided on a condo you wish to purchase, it’s important to start communicating with your lawyer so they have enough time to review all your paperwork. Following these 3 simple steps and working with your Barrie condo Real Estate Sales Representative and lawyer will lead to a smooth and successful transaction.