Details About Toronto Real Estate To Consider When Splitting
Divorce And Buying A Condo If you are looking to buy a Toronto condo as a result of splitting with your spouse it is best to wait until the matrimonial home is sold and your separation agreement is completed before buying. That way you will have an accurate picture of your finances and you won’t purchase a condo that is beyond your financial means.
Renting a Toronto condo in the interim can be a good option as it gives you the opportunity to test out the condo building to see if you like it before buying.
Divorce And Selling Your Condo If you are thinking about selling your Toronto condo due to divorce consider retaining a single real estate brokerage to represent both you and your spouse in the sale.
In terms of external appearances, you want to put the condo in the best light possible and not give any clues to potential buyers that could result in them taking advantage of the situation. If it is too problematic to work this closely with your spouse, consider having two real estate agents from the same real estate firm with one representing each of you.
Victoria Boscariolis a real estate agent in Toronto Canada with Chestnut Park Real Estate Limited Brokerage. With over 20 years experience, Victoria has been helping people successfully buy and sell condos and houses in downtown Toronto.