Top Tips for Buying a Condo

The questions to ask when buying a condo found below are something every buyer should consider when purchasing this type of housing. I would be willing to bet that many of these questions are nothing that many buyers would have ever thought to ask. After reading I am sure you will agree they are super important!

As a Realtor who has been in the business for the past twenty seven years, one of the questions I often get from buyers is what is a condominium homeowners association? What purpose does a homeowners association serve? When you begin looking to buy a home, you may start off by considering a condominium.

What should buyers and sellers know about FHA condo approval requirements? Plenty! First and foremost you should know that having FHA condo approval is super important. If you can get one, an FHA loan is an excellent way to pick up a condo in today's real estate market.

Buying a condo, which is short for condominium, is not the same as buying a single-family home. There are different considerations that need to be taken into account prior to purchasing! In many real estate markets, purchasing a condo can come at a much lower price than purchasing a single family residence.

Buying a condominium offers a number of advantages - living closer inside of town, affordability, less maintenance. But buying a condo is not the same as buying 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.

by Ivo Henfling In Costa Rica real estate, the condominium phenomenon was unheard of before 2005. In today's Costa Rica real estate market, over 80% of the properties on the market are condominiums. Purchasing a Costa Rica condo may have a lot of advantages but that is not what today's blog is all about.

Condominiums make an affordable alternative to purchasing a single-family home. As prices continue to rise in many markets, purchasing a lower-priced condo makes for an attractive choice in pursuing home ownership. Buying a condo is different than buying a traditional single-family home. Here are some terms that are important to understand in the condo-buying process.

I am excited to have Michael Dunsky from Guaranteed Rate Mortgage who will be covering some of the terrific benefits to FHA financing when you are purchasing a condominium. Michael has been one of my preferred loan officers for years and always does an exceptional job with his clients.

Posted by Debbie Drummond on Sunday, February 15th, 2015 at 5:29pm. The types of homes we live in may vary over the course of our lives. Maybe your first home was a starter that you fixed up yourself. Then you moved to a larger home as your career took off and you started a family.

A homeowners association, commonly referred to as a HOA, is best defined as, "an organization in a subdivision, planned community or condominium that makes and enforces rules for the properties in its jurisdiction," according to Investopedia.com.

There are so many decisions to be made when you decide to buy your own home. For many buyers the first initial choice must be made between the two basic types of residential real estate purchases - the house or the condo. Each has advantages and disadvantages and the experience of living in each can vary greatly.