Peter's Blog

head_left_image

So you want to buy A Victoria BC Condominium, Or Do You?

Condominiums & Strata in Victoria BCSo you want to buy A Victoria BC Condominium, Or Do You?

In Greater Victoria well over 50% of all real estate sold in recent years is either a Condominium Suite, a 1/2 Duplex, a Town-House, a Bare Land strata, or one of those funky conversion suites in one of those cool renovated historic houses.
All of these have one thing in common;    They are all part of the legal concept we in British Columbia call "Strata Property" or "Condominiums" (the names can be used inter-changeably) and are all governed by the BC Strata Property Act.

The reasons for buying a "Strata" are almost as diverse as there are "Condo" options (see how I inter mingled the 2 terms ;o).

  • First Time Home Buyers, can buy A Strata because they are often more affordable
  • Empty Nester's, often buy a Condo, because they want to be able to lock up and go.
  • Investors, Invest in all kinds of Strata's, because they don't need to look after the exterior upkeep.
  • Busy professionals buy condominiums because it fits their busy lifestyle.
  • Boomers and Seniors buy in strata's to downsize and simplify their lives.

So by the sounds of things life is Pfanntastic in Strata or Condominium living.Condominiums & Strata in Victoria BC

Well hmmmm, not so quick, not all is rosy under that shared roof.

The Problems really became headline news in BC in the early 90's when the first issues of moisture related problems became more publicly known.

If you have been around BC, the lower mainland or Victoria, you will have heard about this thing called "Leaky Condo Syndrome"  Referring to a complex set of moisture related problems and damage to a large number of strata buildings build between the 80's and 90's (not all buildings, and not every issue is a leaky condo issue). By now most are fixed....... or are they?

If you are interested in buying a home, in any strata (regardless of the size of the complex from 2 to any number of suites) you are not just buying 4 walls and a parking spot, you are buying into a living community, so getting familiar with, and fully understanding what benefits and or obligations that you are buying into becomes a very important part of your home buying decision.

No Realtor (including Peter and Linda Pfann) should be relied upon for legal advise, however  we can offer 25+ years of very active experience in the all aspects of strata property and having dealt with many of the various issues that do come about from time to time with strata properties, we will make your decisions making process a lot easier.Condominiums & Strata in Victoria BC

There are many reasons why a Strata Lifestyle may be just the right decision for you, just make sure that you have the assistance and support of your dedicated team of Real Estate Specialists, to look after your best interests.
 


Surrounding yourself with a team of experts (lawyer, Realtor, accountant, inspectors, insurance, lender etc) will make sure that your condominium experience with be Pfanntastic.
 

Victoria Real Estate Market SnapshotPlanning to buy, sell, upgrade, downsize, invest in real estate or relocate to Greater Victoria, and need information about your present or new area of choice?....... No Problem.
Peter and Linda Pfann now offer a FREE Pfanntastic Internet Service, keeping you informed about Greater Victoria Market Activity, includingnew listings, current and recent sales, price adjustments, statistics, graphs and a variety of additional handy real estate tools for your benefit. This absolutely Free no hassle service is completely customized to your specific requirements.
We call it Victoria Market Snapshot, and this amazing little tool will ask you a few questions, and provides you with an updated snapshot of the property type(s), location (s) and real estate market activity as per your requirements.
The Pfanntastic Victoria Market Snapshot Service is Free, The Information is Invaluable, Request Your Victoria Market Snap Shot Right Now!

 

 

 

Peter Pfann,

CPCA, ABR, SRES, E-Pro, IMSD, Master ASA, C-CREC, Associate Broker.

Text or Talk To Peter @: (1) 250 - 213 - 9490  

peterpfann@gmail.com  www.pfanntastic.com

Pfanntastic Properties in Victoria, BC, Canada, @ Fair  Realty Since 1986.

Regional office: 1540 Fort St Victoria, BC V8S 5J2

 

So you want to buy A Victoria BC Condominium, Or Do You?
share
So you want to buy A Victoria BC Condominium, Or Do You? In Greater Victoria well over 50% of all real estate sold in recent years is either a Condominium Suite, a 1/2 Duplex, a Town-House, a Bare Land strata, or one of those funky conversion… more
Quick Visit On Gordon Head, Saanich BC.
share
Quick Visit On Gordon Head, Saanich BC. Although many people talk about going to Gordon Head, They may even be Living in Gordon Head Saanich, it is off course, one of Greater Victoria's most popular areas, and as such lots of people… more
Saanich East, Victoria & Vic West Open Houses November 12 &…
share
Saanich East, Victoria & Vic West Open Houses This Weekend November 12 & 13, 2011 Saanich East, Open House Saturday Noon till 2 pm @ 3990 Cedar Hill Rd. Saanich East. Updated 3 bedroom… more
Pfanntastic Near Ocean Front Development Opportunity in Saanich…
share
"Just Listed" Pfanntastic Near Ocean Front Development Opportunity in Saanich Gorden Head Within 50 feet from 4360 Gordon Head Rd. Saanich, Victoria BC Pfanntasic Development… more
Ten Signs, that it is time to own your own Victoria home
share
Top Ten Signs That It's Time To Own Your Own Victoria Home. Provided By Peter & Linda Pfann, please talk to us about any Greater Victoria Real Estate questions you may have. You're ready to stop paying your landlord's mortgage… more
Greater Victoria Real Estate Listing & Sales Activity From 30, to…
share
Greater Victoria Real Estate Listing & Sales Activity From October 30, to November 06, 2011 "Patricia Bay in North Saanich Near Sidney &Victoria, BC is a Pfanntastic Place to call Home" Every Week Peter… more
Saanich East, Victoria & Vic West Open Houses This Weekend
share
Saanich East, Victoria & Vic West Open Houses This Weekend November 05 & 06, 2011 Saanich East, Open House Saturday Noon till 2 pm @ 3990 Cedar Hill Rd. Saanich East. Updated 3 bedroom Plus one… more
Saanich East, Just Listed Pfanntastic Family Home with In-Law Suite
share
Saanich East, Just Listed Pfanntastic Family Home with In-Law Suite $ 589, 900 Pfanntastic Family Home with Mortgage Helper Close To Everything in Saanich BC &… more
3 Bdrm. 2bath. # 303 1536 Hillside Ave. Victoria, Pfantastic Suite…
share
3 Bdrm. 2bath. # 303 1536 Hillside Ave. Victoria, Pfantastic Suite For Sale 3 Bdrm. 2 bath, Hillside Victoria Suite &… more