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Calgary Condo Listings - New Vs. Resale Condos

Anytime you are buying real estate you have to make a decision about whether to buy it brand-new or look for something that has been previously owned. When it comes to condos there are several unique considerations involved in making this decision. In this article, we outline the pros and cons of buying new real estate versus resale condos.

New Condos

One of the things that you have to be careful of when you are buying a new condo is that all of the fees and building considerations are made fully apparent in the condo agreement. You also need to know exactly what you own. Generally speaking the more that you own, the lower your fees are and the greater your responsibilities are to maintain and upkeep the property.

Resale Condos

Many of the same concerns apply to resold condos, but in this case you also have to worry about previous owners placing a lien on the property, or charging additional fees of their own. This is where having a real estate lawyer on hand will ensure that your rights are asserted throughout every phase of the transaction.

The Importance Of A Real Estate Agent

Both an agent and a lawyer are generally necessary whether you are in the market for a completely new condo or something that is being resold. This way you can make sure that you are getting what you want out of the deal. You will also have the opportunity to specify what your needs are and make sure that your new living situation meets each one of them.

If you are looking for Calgary condo listings, you’ve come to the right website. You can use this site to look through many different listings and find the one that best fits your situation. We can also personally help you find the right condo in the Calgary area to meet your needs.



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Written by: Dave Vass
Calgary Condo Listings Website
Date published: 07/24/2012
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