• 604-800-8122
  • luis@luisayala.ca

 

$115,000 dollar assessment on a $59,900 condo - Maple Ridge

This property is for sale for $59,900. Good deal? It has a $115,000 assessment to be paid by the future buyer.

 

# 206 22720 119th Ave Maple Ridge - MLS# V967375

 

 

I can't imagine being a Buyer Agent Realtor who may have sold this property before this assessment was known.

 

This is why you want an excellent Realtor. One of the Realtor jobs is to have you avoid these types of situations.

 

 

Things to look out for when finding the Best Deals in relation to the above example:

 

- Small strata of only 6 units - when any problems arise each owner absorbs a huge cost

 

- Self Managed - if it's well run can be a pleasure living in. If poorly run it's a nightmare- overall when you see self managed be extra thorough in revieving all strata documents, speak with the President ask about their long term maintenance programs. VERY VERY IMPORTANT 

 

- Very little sales in complex - I like to see a decent amount of sales in a complex because it tells me that there is still Buyer desirabililty and you can track the sales growth with solid numbers 

 

- Commercial at the ground floor connnected - is there a seperate strata for the commercial part? if a water leak happens in the commercial side does the whole complex have to pay for it???

 

 

Once again the value of having an experienced Realtor on your side can determine your financial future. Being a 5 year Medallion Club Realtor I have dealt with many different scenarios and I'm ready to put my experience to work for you. 

 

Contact me with any questions. 

 

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