Purchasing a condominium home requires the assistance of a REALTOR® with very specialized knowledge of how that market works. Knowing how to read and analyze the many documents involved; like the Declaration, By-Laws and the Rules and Regulations requires the experience of a professional who has watched and been involved in this rapidly growing segment of the real estate market over the past number of years. As a REALTOR® with the experience of having marketed and sold over a hundred condo units in the past five years Trevor is uniquely positioned to help anyone buying or selling a condominium home in Nova Scotia.

Buying a condominium home in a brand new building can be fun and very profitable, but the process is frought with hazards. It can be fun because you get to choose your finishes and decor and, if you get in early enough, you might even be able to do a bit of re-design like moving or eliminating a wall – at a cost, of course. Profitable because the developer usually sells the first few units at a loss just to get the ball rolling. We have clients who purchased from plans who actually doubled their equity by the time the last owner moved into the building. And now for the hazardous part; First, the closing almost never happens when the developer says it will happen. Secondly, the costs can be more than you expected or were led to believe. For example, the developers agent or salesperson may forget to tell you about the contingancy fund contribution (the equivalent of 3 months condo fees) or that the “estimated” condo fees haven’t factored in the Reserve Fund Contribution… The list goes on. And the biggest hazard? It may be the developer or builder themselves. Like any endeavour, there are good condo developers and not so good developers and there are even a few very bad developers. If your new condominium purchase is going to be successful you need your own REALTOR® to represent your interests. Usually that representation doesn’t cost you anything because the seller is paying the commission, but it could cost a lot if you do not have your own agent.