There is no doubt that there is a lot you should know as a buyer when you are considering purchasing Real Estate. Of course a good Realtor can you help in this endeavor and be your guide throughout the buying process.
While buying a home entails a lot of considerations, when purchasing a condo this is magnified even further. When purchasing a condominium there are a whole host of issues that should be on your radar that you don't have to worry about with in the purchase of a home.
There are questions to ask when buying a condominium that every buyer should have the answers to as part of their due diligence. The answers to these questions can make or break whether the condo neighborhood you are thinking about purchasing in should even by considered.
Some of the more important information that you should have a good grasp of include what are the condo association rules and how will they effect me? How much are the condominium fees and what exactly do they include? Is the complex professionally managed or will I be dealing with a home owners association (HOA)? How much money is in the reserve fund and are there any special assessments coming up that I should be aware of?
For a myriad of reasons you should also know what the rental policy is in the neighborhood. Other condo purchasing considerations include the parking arrangements, if there is any current pending litigation against the association and how easy it will be able to sell a unit in the near future.
Click the above link and you will be taken to an article that covers all of these condo issues in much greater depth. ** For all my Active Rain friends I would appreciate it very much if you visited the original article and shared it socially with your networks like Facebook, Twitter and Google Plus! **
About the author: The above Real Estate information on questions to ask when buying a condo was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at email@example.com or by phone at 508-435-5356. Bill has helped people move in and out of many Metrowest towns for the last 25+ Years.
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