what to know before buying a condo

But buying a condo is not the same as the purchase of a single-family home. understanding the differences, and the particular things you should look out for when making your purchase is important if you want to be happy after the closing. For this reason, I have put together some of the best tips for buying a condo.

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It’s not just the sales contract that you have to think about when you’re buying a condo. There is also an agreement, or declaration, that dictates the way the condominium operates and is governed..

The condominium has been growing in popularity over the years, both locally and nationally. Here’s what you need to know before buying a condo.

When purchasing your condo be sure to compare what different communities are offering in the way of amenities like: golf courses, clubhouse, country club / restaurants, pool / spa, tennis.

Before you buy, ask if there will be any deferred costs and, based on this answer, make sure you can afford an increase in condo fees.

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Before you start shopping, determine how much you can afford to spend. For most of us, this means a trip to the bank. Unless you’ve saved up enough to buy your home in cash, you’ll probably need to take out a mortgage. Take note that a condo mortgage is different from a single-family home loan. Since condos are a form of shared ownership, they’re considered to be riskier than single-family homes.

8 Things to Know About Buying a Condo It’s condo season again in Florida. If a condo purchase is going to be part of your future keep reading for some great tips.

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Condominiums can be a good investment for the right buyer in the right location when times are tough, though they can be harder to buy and sell than a detached house. Before purchasing a condo, be.

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