Now Is The Time To Buy Your Framingham Ma Condo - 25 Condos Available

                                                              Now Is The Time To Buy Your Framingham Ma Condo-25 Condos Available

Framingham inventory has improved from early to late Spring in 2016. The condo inventory has dropped recently with only 25 units available, including new construction. There are condos priced to sell at 125K and some new construction units that have everything you need  from 600K to 625K. There are mahy more buyers out there looking for their first or next home, which means you need to act quicker and work with a top negotiator to give you the best chance to get the condominium you desire.

Buying a condo in Framingham, you need to consider many aspects. Most importantly is the condo fee,which can be excessive sometimes $200-$500 a month in addition to your mortgage(unless of course you are a cash buyer or investor). You also need to review with your agent the rules and regulations of the complex. Some allow pets , some dont. The parking is another situation where you need to be advised about how many deeded spots you have and of course visitor parking available.

Another important factor is the condo associations budget and cash position to pay for renovations. If they are cash poor, then they will charge the owners for any special assessments that are needed such as new roofs or new siding, just to name a few. The importance of having exterior maintenance covered in your monthly condo fee is huge so that this does not leave you paying for their weak cash position. 

  Now Is The Time To Buy Your Framingham Ma Condo in 2016. The interest rates are historically low right now and will be on the move soon. Even so they will still be much lower than at any recent time in history. The low interest rates will allow you to purchase more home for less money. Condos are a good alternative to buying a home if the price range fits and you cant afford to buy a home. It is a good alternative to renting to where you build some equity and upgrade to a single family home. There is solid single family home inventory but homes are moving at a fast clip in this copetitive sellers' market. It is important to have at least 1 or 2 homes picked out so that in case the first one you want doesnt come through because of multiple offers, you can progress to the next one on your list. 

             The time to buy is now, to take advantage of these tremendous interest rates and the ability to buy more home then you could because of the availability of lonas combined with low interest rates. Check these important aspects of buying a condo: special assessments, condo fees and what is included, parking and rules and regulations.

         You need to , as a buyer, take advantage of this positive lending environment in 2016, because it wont last forever. The FED will have to start raising the rates soon, and the cost of your mortgage on the same price property will be much higher.

                    Now Is The Time To Buy Your Framingham Ma Condo-25 Condos Available