{"id":143,"date":"2006-04-18T16:54:58","date_gmt":"2006-04-18T16:54:58","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/?p=143"},"modified":"2019-03-29T16:28:21","modified_gmt":"2019-03-29T16:28:21","slug":"divided-or-undivided-property-which-is-better","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/divided-or-undivided-property-which-is-better\/","title":{"rendered":"Divided or undivided property, which is better?"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td>In the condo real estate market, divided or undivided property, which is better? Buying a condo and making it your residence, I don\u2019t really see much of a difference between the two in regarding benefits. You still have neighbours that you have to deal with, however the taxes for the undivided are cheaper. If the neighbour doesn\u2019t pay up for their share though, you are also held responsible. We can pretend they cancel each other out.<\/p>\n<p>There are many differences between the undivided and divided that you should know about if you are planning on buying a condo. Considerable differences like for an undivided you need 25% and can only bank with the Caisse Populaire or the Bank National. There are even notaries who are undivided specific. So do your due diligence and find out the differences. I wrote and article on just that, that you can view: <a href=\"https:\/\/www.montreal-realestate.ca\/english\/the-difference-between-divided-and-undivided\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #336699;\"><u>The Difference Between Divided &amp; Undivided<\/u><\/span><\/a><br \/>\nLet us look at the re-sale value. Is one easier to sell then the other? Or do they end up being the same price in the long run?<\/p>\n<p>I pulled up the figures from the past year for condos sold in NDG (April 2005-April 2006). I was actually quite surprised as I would of thought that it would take longer for an undivided to sell.<br \/>\nLet us compare the two:<\/td>\n<td valign=\"top\"><!--adsense#160x600--><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\" width=\"102%\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<th>PROPERTY TYPE<\/th>\n<th>AVG PRICE<\/th>\n<th>MIN\/MAX $<\/th>\n<th>AVG DAYS ON<\/th>\n<\/tr>\n<tr>\n<td><span style=\"font-size: xx-small;\">74 Divided Sold<\/span><\/td>\n<td><span style=\"font-size: xx-small;\"> $226,778 <\/span><\/td>\n<td><span style=\"font-size: xx-small;\">$78,500-$490,000 <\/span><\/td>\n<td><span style=\"font-size: xx-small;\">78 days on market<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-size: xx-small;\">39 Undivided Sold<\/span><\/td>\n<td><span style=\"font-size: xx-small;\">$259,763 <\/span><\/td>\n<td><span style=\"font-size: xx-small;\">$155,000-$380,000 <\/span><\/td>\n<td><span style=\"font-size: xx-small;\">54 days on market<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Working in real estate is my passion. If you would like me to work for you? Call me, Jennifer Lynn Walker at <a href=\"tel:514-402-8444\">514-402-8444<\/a> or <a href=\"mailto:jenn@montreal-realestate.ca\"><u>jenn@montreal-realestate.ca<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the condo real estate market, divided or undivided property, which is better? Buying a condo and making it your residence, I don\u2019t really see much of a difference between the two in regarding benefits. You still have neighbours that you have to deal with, however the taxes for the undivided are cheaper. If the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,41],"tags":[],"class_list":["post-143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-buying-selling","category-condo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Know What You Are Getting Into When Buing Any Type Condo In Montreal<\/title>\n<meta name=\"description\" content=\"Buying a condo is a different process from buying a house. 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