Category: Condo
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Want a Condo Deed? Watch for a New Level of Scrutiny on Your Mortgage Application
Ever purchased a condo unit? You may recall the lender checking up on whether the condo association is keeping enough money in reserve, whether anyone might be suing the association over structural issues, and so forth. Cautious lenders scrutinize the desired property as well as the hopeful borrower. Starting this year, this scrutiny is ramping…
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From Deed to Deeds: Selling Property to New Owners With a Condominium Conversion
Like ‘em or not, condos are hot. They’re usually available at lower prices than single-unit homes. They’re popular in cities and suburbs alike. And they offer new deed holders a path to build equity and save money. Investors must meet hopeful buyers where they are, and one strategy is to take a property that’s not…
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Buying My First Condo. Can I Avoid Special Assessments?
You might be considering a condo as a way to break into the housing market. Or you might be downsizing, and opting for a compact lifestyle. Maybe you just want to live in a community with great amenities. You could even be planning to buy a condo to rent out. You know about the monthly…
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Can Condo Buyers Freely Work in, Sell, and Rent Their Condos?
A condo for sale? That’s an opportunity for a buyer to acquire a deed, start building equity…and maybe even attain financial freedom. Some first-timer buyers who want a foothold on the ownership ladder jump on a condo listing for precisely that reason. To some, condo deeds represent long-term homes and investments. To others, condos are…
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Condo Shopping: Does My Agent Warn Me About HOA Red Flags?
Many of today’s buyers want condos. They’re compact and low-maintenance. Condos are cheaper, typically, than standalone homes. Still, it’s entirely possible to make a costly mistake by missing condo warning signs. Sometimes, a real estate agent notices things the buyer won’t. A good agent becomes that extra pair of eyes, extra ears and nose… Alert…
