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Due Diligence for Apartment Buildings: A Checklist
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.Due diligence is an investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale. Regardless of whether it’s...
Critical factors in choosing an apartment building / broker?
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.The first thing to do if you are thinking about selling is identify a broker that has the experience and the track record to sell your building. ROCK has the experience,...
Can my friend or family in real estate be a part of the selling process?
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.You may have a relationship with a friend or family member who is a real estate representative or broker who you trust and value your relationship with. We understand...
Can I keep the proposed sale confidential and how SVN Rock is an expert in handling my deal?
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.Confidentiality is important and there are many forms of confidentiality. First, for a variety of reasons you don’t want everyone knowing your building is for sale. For...
How much is my apartment building worth?
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.Thanks to REI Wise, we have a calculator that you can use here. But this only works as a rule of thumb. When establishing a preliminary value for your building, you need...
Is an MLS listing the best way to sell an apartment building?
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.The Toronto Real Estate Board’s Multiple Listing System is a great service, and it is known as one of the best systems for selling real estate in the world. For some...
What do I do with the money when I sell my apartment building?
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.The amount of cash you’re going to need for a down payment and closing costs is going to vary on a number of factors, including: – Are you using CMHC financing with high...
How much cash will I need for the down payment to buy an apartment building?
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.The amount of cash you’re going to need for a down payment and closing costs is going to vary on a number of factors, including: – Are you using CMHC financing with high...
How does current financing on the apartment building affect the value & sales process?
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.Most existing financing is likely to negatively affect the value of your building when the time comes to sell. Usually, the mortgage will be less than what the buyer...