No Escrow in Montreal

We don’t hear about Escrows in Montreal. Believe it or not, my fellow Real Estaters (I think I just created a new word) from other provinces and countries.

The first time I heard, actually I didn’t hear it, I READ the word Escrow it was in a Condo Buyer’s Guide I picked up for my clients, and right next to the glossary description of escrow there was a note: Not applicable in Quebec.

Naturally I didn’t take interest on that word, up until I had to work with someone who demanded a escrow company Read more

Condo Hunting: Price, Area and Size Matters

Lately I’ve been getting a lot of calls from buyers requesting condos in the downtown area for under 150,000. While we do have them in the system, a lot of these properties are either “fixer-uppers”, small in square footage or located in the basement and/or semi-basement (terrace level)

Remember that the price will be set according to certain factors: Location by neighbourhood (Downtown, Old Port, Plateau, NDG, Rosemont, etc), the floor level (for example: a top floor condo will be priced higher than the ones in the first floor or terrace) and if it includes a garage or parking, among others.

If your max. price does not match your criteria, perhaps you should look into different areas of the city that offer more space for lower price. Or accommodate your criteria in order to stay within the budget of the area you’d like to live in.

Revise the size of the property, if you have a max of 120K and you’re looking for a 1200 sq ft condo downtown…well, I don’t think it will be that easy to find. Just think: either you stay downtown, in a condo with less space or (again) find an area that is more affordable.

Keep in mind that a garage adds an extra value to the property, the average price for outdoor parking space is Read more