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#VerityAnswers – What is Interim Occupancy?

#VerityAnswers – What is Interim Occupancy?

Interim occupancy is the period of time between the day you occupy your unit (move in) and the day you take ownership (close and get your mortgage). Interim occupancy is the point at which you are forced to move into your new construction condo and pay a fee (called the interim occupancy fee, which is…

#VerityAnswers – Should I Compare Mortgage Rates?

#VerityAnswers – Should I Compare Mortgage Rates?

Yes, you should compare mortgage rates. Whether you are working with a big bank mortgage specialist or a mortgage broker, we think it is prudent to have someone working on your behalf, not only to get the best rate but also the best terms. Rates are important but a great mortgage broker will customize a…

#VerityAnswers – Should I Buy Parking When I Buy a Condo?

#VerityAnswers – Should I Buy Parking When I Buy a Condo?

We used to always encourage buyers to purchase parking, if they had the option to get a condo with parking. Now, we recommend considering your exit strategy when thinking about parking. Think about the Buyer who will be buying this condo from you, in the future, and whether or not they will want a parking…

#VerityAnswers – Offer Process Explained

#VerityAnswers – Offer Process Explained

When you submit an offer (not multiple offers or where you are competing against another buyer for a property) the process typically follows a series of logical steps. Before we begin, let’s outline the players involved. There is a Buyer and their realtor, the Buying Realtor. There is the Seller and their realtor, the Selling…

#VerityAnswers – Are Maintenance Fees a Waste of Money?

#VerityAnswers – Are Maintenance Fees a Waste of Money?

No. Maintenance fees ensure a condo functions smoothly, appeals to buyers (meaning, curb appeal) and that home owners live a bit more ‘stress free’ than house owners. Before you buy a condo, ask yourself these questions to help bring clarity to the great maintenance fee debate. 1. Are you proactive with repairs and do you…