Condo

70% investment in condo 

a) Only looking brand new listing. All marketing tools are exercised. Virtual tour etc. 

Inventory with not much advertisement is also there in the market (diamond in rubble - diamond in the rough) 7-10 days to sell but bad marketing also affect the timing

b) Buyers believe that they fully qualify but they are not. Falling in love without prequalification doesn't work. Be there in time. 5-7 pm same day offer 15 days listing, sitting properties

Mortgage, condo fees and taxes, insurance, internet

$650K plus $800 condo fees vs $800K plus $400 condo fees (cheaper)

Look at the monthly payment

Don't stuck in tunnel vision, following crowd

Educate yourself, stick with your strategy / number

https://www.youtube.com/watch?v=VuW8QFMVjVY


7 Tips For Buying a Toronto Condo

1) Set expectation

2) % owner occupied, % rented out

3) Know condo fees and overall carrying costs

4) Price per SqFt

5) The wow factor

https://www.youtube.com/watch?v=gribZ7FmrX4


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