George Johanson - The Team - Red Deer Real Estate

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Real Estate - Where Service & Personal Attention Make the Difference!

Think of a document review much the same as a home inspection – except instead of looking at the home a document review will examine condominium plans and by-laws, budgets and reports, minutes and finances.

Buying a condominium is also buying into a business – the business of owning and managing a share of the common property. As a purchaser of a condominium you are not only buying a unit, you are also buying into the condominium corporation. The corporation owns the common property. The unit owners own the corporation. And because most people wouldn't buy into a business before checking it out – many people are taking that same attitude and checking out the condominium corporation they are considering buying into.

Just like a home inspection, being forewarned is being forearmed. Checking the documents will give you some insight into the condominium you are investing in. What if the reserve fund is underfunded? Is the Board dysfunctional? Are the finances of the corporation managed properly? Do the by-laws and policies suit my lifestyle? In the end, checking the documents can save you from making a bad investment choice not to mention the hassle of living in a complex that is not suitable.

  • Condo Diagnostics Ltd.
    9A, 4620 Manilla Road SE
    Calgary, AB T2G 4B7
    Phone: 403-269-4321
    Fax: 1-866-296-6064
  • Condo Check
    1C, 1640 -16th Avenue NW
    Calgary, Ab T2M 0L6
    Phone: (403) 509-2462
    Fax: (403) 509-2251
  • CondoSmart Inc.
    323 Silver Valley Blvd NW
    Calgary, Alberta T3B 4B7
    Phone: (403) 247-2802
    Fax: (403) 247-7560
    Toll Free: 1-866-247-2802
  • Condo Inspection Centre
    700, 933 - 17th Avenue SW
    Calgary, Alberta, T2T 5R6
    Phone: (403) 228-6770
    Fax: (403) 806-1297
 

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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.