New Condo Listing In Red Haus, Royal Oak Calgary – SOLD

419, 60 Royal Oak Plaza, Calgary AB

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Huge price reduction…Welcome to this top floor unit that you have been waiting for.  This home boasts 9 ft ceilings, large windows and upgraded kitchen.  There is ample of space in this one bedroom one full bathroom unit.  This upgraded kitchen has a wall mounted oven with a countertop ceramic stove.  The kitchen is truly a dream.  There is ensuite laundry, underground parking, and a storage unit underground as well.  The best feature of all is that this unit faces the courtyard, with a quiet location and fantastic view.

Before You Sign!

I was reminded yesterday that when you are working with a builder or developer on a new property, or even any transaction for that matter, you really want to make sure to read everything!  There are clauses that developers and builders will put into their contracts that really favor them.  They are truly looking out for their own self, and you need to as well.  I would suggest having a third party like a lawyer, real estate agent etc. look over the docs with/for you, if you are unsure of anything.

The situation that a client of ours is dealing with is that they purchased  pre-built condo in Calgary, and are now wanting to list it as soon as they take possession.  The developer had put a clause into the contract that stated that if a condo that was in possession of an owner was to go on sale, whilst the developer still had some units on the market, the developer is able to set the price and who the listing agent is for the owner. This is crazy… first off, the units in this building are now way overpriced that the developer has in their possession, and have told my clients that their unit is worth appx. $120,000+ what the market says it is worth.  If this clause holds up, there condo will not sell, as there hasn’t been an MLS sale in this building yet.

Again I say, please make sure you read everything thoroughly, and have someone who knows what they are talking about look at the documentation.

Buying A New Condo? Watch This!

Great towers of glass and steel are going up in every big city in this country, and in many of the smaller ones too. If you’re looking to buy your first home, or if you’re looking to downsize, chances are good you’re looking at condos.

You may be surprised to learn that the beautiful rooms you see in the model suites are not necessarily like the ones you’ll live in once your building is complete. The den on your floor plans may become a walk-in closet by the time you move in. Your ceilings may turn out to be a foot or two lower than the ones you saw in the model suite when you decided to buy.

As Wendy Mesley reports, buying a condo is fraught with risk for you, the buyer. The developers? They’re pretty well protected and this is why it’s good to have a second set of eyes with you, when you view show suites.

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If you are looking at purchasing a new condo in Calgary, or elsewhere for that matter, please give us a call, and we can help you out!

Till next time,

Jared and Rebecca Chamberlain
Jared@tcgroup.ca