Condominiums: What Are The Types Of Co-ownership In Quebec? - 09/29/09 12:17 PM
 
Condominiums: What Are The Types Of Co-ownership In Quebec?
 
The term Condominium is used in Quebec to describe shared co-ownership. There are 2 categories set out by the Quebec government with very distinct differences.
Divided co-ownership is the right of ownership held by many people ("co-owners"). Each co-owner owns a fraction (%) of the property that is physically divided into a private portion and a share of the common portions. The private portion is typically determined from the gyprock walls inward. A condo association ("syndicat" in French) is established to govern the building's common areas and to set rules … (2 comments)

Pricing A Home To Sell Or To Secure A Listing? - 09/18/09 01:13 PM
Pricing A Home To Sell Or To Secure A Listing?
Has it been suggested your home will sell for more? What facts have been given to support that sales price? What factors and who will determine the final sale price? While the answer is not an exact science, reliable factors have influence as do the buyers who set the final price. Established agents know prices in their sector, but can they explain them to you and make it all add up?
Factors such as market state (buyer, balanced, seller), property location, property condition and type, décor and motivations will affect the … (8 comments)

Inspection Delays On A Promise To Purchase - 09/02/09 11:01 AM
Inspection Delays On A Promise To Purchase
In Quebec, mandatory forms are prescribed for the sale of residential real estate. The request for a Buyer's inspection is provided by a clause that our laws help define. Buyers and Sellers have to agree on, as part of the negotiating process, the number of days delay to allow the Buyer to complete the inspection and inspection report review.
Buyers should be careful when deciding on the delay to specify in an inspection condition when writing a Promise to Purchase. The delay should be long enough to allow for negotiations if repair work is … (4 comments)