I posted this topic some time ago but I cannot speak enough about the importance of keeping all documents that you get from the Condo Corporation and Management Company. This becomes even more apparent when you go to sell.
So many times the lack of having all the documents ready for the prospective buyer to look at causes a delay in the sale. At times it can leave a sense of anxiety with the Buyer wondering if the Seller is holding something back information wise.
In a market that favours the Buyer it is in your best interest when getting ready to sell your Calgary Condo that you make sure that you have everything ready and organized.
The more information that you provide to the Buyer the more likely that they will be able to make an informed decision in the purchase. It may seem like a hassle and sometime frustrating to deal with the Management company to make sure that you have all of the up to date documents but is well worth it in the end.
A partial list of the documents that you will need to hang on to include:
Registered Condo Plan
Condo Bylaws
Financial Statements
Condo Budget
Statement of Monthly Condo Contributions
AGM Minutes
Copy of the Insurance Certificate
Reserve Fund Study
This is not the complete list but covers most of the important documents that will be required for a review by the Buyer. Although these documents can be ordered (at a highly inflated rate for a rush order) from the Condo Management company saving them when you get them in the mail is a much cheaper alternative.
This is not the complete list but covers most of the important documents that will be required for a review by the Buyer. Although these documents can be ordered (at a highly inflated rate for a rush order) from the Condo Management company saving them when you get them in the mail is a much cheaper alternative.
For more information about these Condo Documents feel free to contact me.
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