Q: Why do you owners want to dissolve a strata?
There are a few ways the process can get started. First, there may be an offer from a Developer. Second, there may be an assessment pending. Third, the owners may realize the market value of the land is much higher than the current assessed value. They see a chance to make a much higher return on their investment.
Q: How do you dissolve a strata?
There are two methods identified by the BC Government. Both methods require at least 80% of owners to be onboard in order to sell.
- The simpler and quicker method is Unit Assembly. Each owner lists their unit. We aim to get 3-5 offers for least 80% of the units.
2. The second method is called Bill 40 Wind Up. This involves the sale of the entire complex to a Developer. We aim to get 3-5 offers. The Developer then applies to dissolve the strata.
Q: What if I love the area?
I understand that it’s hard to leave your neighbourhood. I will do my best to make the transition easier. Here are some perks that I can negotiate for you:
Free rent for a few months
Reduced Rent for several months
Priority purchasing in new complex
Reduced purchase price for unit in new complex
WIN Real Estate provides very specific Relocation Services to make your move the easiest ever.