Categories
Most Read
- Public Records
- More signs of a housing revival
- REAL ESTATE: Local transactions
- Madoff's Montauk home: Meet the broker
- A roundup of real estate personnel items
- Fact or fiction? 'Pay or play' leaves some out
- Housing construction hits highest in 9 months
- Why No Real Estate Investor Can Live Without an Assistant
- 25 percent of area families are asset poor, study finds
- Mortgage rates dip, still above record lows
Good Sites
| Could you digitize Condominium Documents Please |
 |
 |
 |
| Written by David Pylyp |
|
Would you as a potential Purchaser take the CD ROM home in addition to your printed material and view it on your home computer? When you have signed the Offer to Purchase there is a standard Offer document that the Builder uses, now inserted with your name and offer details. This is added to the bound copies of the Rules and Regs, plus the proposed documentation of the as yet unbuilt condo corporation. You are leaving the sales office with the same material but in a more convenient fashion. You now have 10 days (the cooling off period) referred to as Rescission to decide before making your commitment firm. You, in conjunction with your lawyer, should review these prior to your initial consultation about what is contained in these documents, and you would both be better served. Examine the closing cost proposals, become informed about Phantom Mortgage charges, meter activation charges and green fees. Electronic document transfers are becoming commonplace, we are actually replacing the fax with emailed documents and their attachments that are forwarded back and forth. These changes would need to be implemented from the time of marketing to trickle down to the end user effectively but with the number of large condominium corporations operating in Toronto, participation by Tridel, Menkes, Monarch and Pemberton could surely lead the way. In this day and age, I am confidant to say that many would pay an additional $5 or $10 per transaction for digitized documents, not to mention the time and mileage spend to ferry documents either by courier or agent for convenience and time constraints. David Pylyp |
Sponsored Links
Newest Updates
- Grow the Space You Have
- Elegant Contemporary Home With Minimalist Interiors in Iowa
- China's Property Market Starts to Cool
- Paul Allen's Malibu
- Hong Kong Land Auction Beats Forecasts
- Why No Real Estate Investor Can Live Without an Assistant
- Investing Full-Time is Overrated
- You’ll Never Sell Your Real Estate Business, So You Should Automate It
- More signs of a housing revival
- Housing construction hits highest in 9 months
- A roundup of real estate personnel items
- Mortgage rates dip, still above record lows
- 25 percent of area families are asset poor, study finds
- Fact or fiction? 'Pay or play' leaves some out
- Madoff's Montauk home: Meet the broker