Buying an old condo

Buying an old condo
Have you thought about buying an old condo? They are much bigger than newer condos, and you do not have to pay GST. Watch this video and find out what I would look out for when buying an old condo in Greater Vancouver.
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Alex Lam
Personal Real Estate Corporation
RE/MAX City Realty
2806 Kingsway, Suite 101
Vancouver, BC
778-898-2539
[e-mail]
www.alexlam.net

[@AlexLamRealtor]

Would you purchase an older condo?

[@favoritelasvegasrealtor]

Such great advice when buying an older condo.

[@AlexLamRealtor]

thanks Angela for watching..

[@jeffsellsvegashomes]

Hi Alex, I like the information you share in this video!

[@AlexLamRealtor]

Jeff Crampton Keller Williams Market Place thanks for watching.

[@ralucavalentina3983]

Is a condo too old and too risky of a purchase if it was built in 1976?!! Im flirting with the idea of buying something out in Princeton...

[@AlexLamRealtor]

I would say concrete ones that are also rain screened maybe a great option. Some older buildings are build with better quality materials than newer ones

[@mkusoda]

I might. What's the typical lifecycle of a condo building? For example, we're looking at a woodframed building in False Creek that was built in the 1980s. If it's 2019 now, has that building gone through more than half of its lifecycle? Do buildings in sought-after areas generally get bought out buy a property developer at some point, and the owners are able to profit? Thanks!

[@AlexLamRealtor]

The answer is yes, the older condos don't really depreciate as the developers are purchasing them. So you can anticipate profits. The life cycle I would say would be 50 - 60 years.

[@AlysonWahl]

Huge fan of Vancouver! The reports you mention are not things we have here in the lower 48, but what great resources!

[@AlexLamRealtor]

Alyson Wahl thanks for watching Alyson. Glad to hear your market is doing really well. Sales are beginning to pick up over here.

[@SheSellsBoise]

Hi Alex! Great video thanks for sharing that information!

[@AlexLamRealtor]

Thanks for watching

[@silviajimenez5520]

Thank you Alex for the information.

[@AlexLamRealtor]

Thanks for watching

[@Engcon-lu5fq]

Nice Alex

[@GreaterCharlotteLiving]

Great info, Alex.

[@AlexLamRealtor]

Thanks for watching

[@amyhayslettrealtor1901]

Wow, things are a bit different in Canada vs USA.

[@AlexLamRealtor]

Amy Hayslett Realtor yes absolutely. Thanks for watching Amy.

[@rickaguirre8399]

Great video! Very concise! I feel older condos were build better, like some apartments. I am considering one built in 1965. I would otherwise be renting and the price is very good, its a college town. I feel like even if I sell it for the same price I pay for it once I leave at least I get my money back at the end of the 4-5 years (graduate school). Thanks again for the video!

[@AlexLamRealtor]

Great idea. Thanks for watching my video

[@cranezhang2757]

great video

[@AlexLamRealtor]

Thanks!