- Inspect, Inspect and Inspect - Go over the inspection report with a fine tooth comb. Make sure the report was done by a professional organization. For condo purchases go over the Declaration, By-Laws, and Association Fees. Good idea to ask for minutes of meetings, too. Don't take anything for granted... inspect everything!
- Imagine the Property Vacant - Your furnishings and decorations will be the ones filling this new residence. Don't be swayed by beautiful furniture; it leaves with the owner.
- Income + Lifestyle = Mortgage Payment - Sit down with your professional real estate agent and honestly discuss your income level and living expenses. Take into account future considerations, children, add-ons, amenities, and fix-ups. Your dream home is certainly worth a sacrifice but don't mortgage your entire future.
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WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR
Another consideration is to get the financial report of the HOA. Will the buyer get hit an upcoming levy because HOA is broke? Seen that happen
Sep 22, 2010 02:13 AM
RE/MAX Shoreline - Portland, ME
REALTOR - Southern Maine
Rainer
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452,225
Nancy Timberlake
REALTOR - Southern Maine
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Nancy Timberlake's comments, tips and thoughts on real estate and life in Maine.
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