Admirality Club - Daytona Beach Shores, Florida - DiMucci Realty

By
Real Estate Agent with Keller Williams Florida Partners

Admirality Club - Real Estate Team Helps Condo Buyers Find Financing For Admirality Club In Daytona Beach Shores, Florida:


Located on the beautiful Halifax river and boasts spectacular sunsets. There is a 6 month rental minimum. This building was built in 1974.


Call Dimucci Realty Company Mike and Peggy Linton, Realtors For Availability
386-299-9275 or 386-316-3850

The real estate team of Mike and Peggy Linton of Dimucci Realty in Daytona Beach Shores, Florida have partnered with Mortgage Lender Maranatha Mortgage.  Maranatha Mortgage has access to special financing for qualified condo investors. Since Condos are considered real property, condos qualify for homestead exemptions (owner occupied) in Florida. Condo developments are governed by covenants, conditions and restrictions. These dictate the owners' rights and the restrictions on those rights.

You become a member of the homeowners' association and pay dues. The dues cover management of the homeowners' association, hazard insurance for the complex and a certain amount of routine maintenance. Precisely what is covered varies.

The cost of the condo association dues will be included as part of your monthly housing payment when calculating how much house you can afford to buy.

The purchase agreement should include a contingency that the seller provide the buyer with condo documents, the articles of incorporation and the bylaws of the homeowners' association. This should include notification of any ongoing litigation and any special assessments.

You should receive a copy of the condo budget, which should be a sound, balanced budget with reserves to cover the cost of major repairs like roofing or elevators. You will also be told what the monthly maintenance fee is. You can also ask for the minutes of condo meetings for the past year. This will tell you if any major renovations or changes are being discussed, and give you some idea into the way the property is run.

Maranatha Mortgage Corporation (www.MaranathaMortgage.com) will consider most Condo projects with up to 70% - 100% concentration of "investor" units depending upon the project. Not all condo projects require a condo questionnaire to be completed.

 

To contact Mike Linton for more information:

 

DiMucci Realty Company

Mike Linton / Realtor

3424 S. Atlantic Ave.

Daytona Beach Shores, FL 32118

(386)299-9275

http://www.daytonapropertyloan.com/

 

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