Retiring and buying your next home? These 5 buyer mistakes could cost you — and most people have no idea they're making them.
Mistake one: falling in love before checking the strata documents. A beautiful condo with a problematic strata can become a financial nightmare. Always review the minutes and financials first.
Mistake two: underestimating ongoing costs. Strata fees, special levies, property taxes, insurance — know the true monthly cost before you commit.
Mistake three: not thinking about accessibility long-term. That townhome with stairs is great now. Think about ten years from now.
Mistake four: buying in a rush because the market feels urgent. Urgency is often manufactured. The right home is worth waiting for.
Mistake five: not having a realtor who specializes in this transition. A generalist doesn't know the downsizing-specific pitfalls. Find someone who does.
I'm Mike Skvortsov — 15 years in Coquitlam. Follow for more advice on getting this right.
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Mike Skvortsov PREC. One Percent Realty LTD.
www.FullServiceLessCommissions.ca
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