Real estate purchases never seem to get less costly. It's
tempting to cut corners on a deal in an attempt to reduce other
costs like realtor commissions and legal fees, but as one local condo
owner recently learned, cutting those corners may be more
costly in the end. Experienced and diligent real estate
professionals can recognize red flags and protect your
interests.
Back in 1969, a 15-suite apartment building was approved for
construction in Edmonton. In March 2007, the building's new
owner, a real estate developer, sold suites 30 and 31 to Mr. Frais
and his partners. Suite 30 consisted of a kitchen, a bathroom, and
a bedroom. Unit 31 contained a kitchen, dining area, living room, 2
bedrooms, a bathroom, and a large closet. A wall at one end
partitioned suite 31 from suite 30.
