Comments on: Things to look out for when renting or buying a condo? http://www.region3tm.org/red-realestate/things-to-look-out-for-when-renting-or-buying-a-condo Sat, 08 May 2010 01:29:26 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: pseudo http://www.region3tm.org/red-realestate/things-to-look-out-for-when-renting-or-buying-a-condo/comment-page-1#comment-517 pseudo Fri, 19 Feb 2010 16:44:59 +0000 http://www.region3tm.org/red-realestate/things-to-look-out-for-when-renting-or-buying-a-condo#comment-517 Make certain the condo complex is at least 51% occupied by owners. If there are too many renters, the value and marketability may decrease over time, whereas owners have a vested interest in keeping their unit and neighborhood nice. Get with a realtor and with a lender. The realtor can give you tips on the area's improvement or decline over the last few years, and help you find the right place. The lender will make sure you are asking the right questions so you can get a loan for the property.<br><b>References : </b><br> Make certain the condo complex is at least 51% occupied by owners. If there are too many renters, the value and marketability may decrease over time, whereas owners have a vested interest in keeping their unit and neighborhood nice.

Get with a realtor and with a lender. The realtor can give you tips on the area’s improvement or decline over the last few years, and help you find the right place. The lender will make sure you are asking the right questions so you can get a loan for the property.
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]]> By: dmckinner http://www.region3tm.org/red-realestate/things-to-look-out-for-when-renting-or-buying-a-condo/comment-page-1#comment-516 dmckinner Fri, 19 Feb 2010 15:55:59 +0000 http://www.region3tm.org/red-realestate/things-to-look-out-for-when-renting-or-buying-a-condo#comment-516 Hire a real estate agent to work for you. As the buyer, it wont cost you anyhow. They should be able to help you thru all aspects. Ask to see the ccr's which is the convenants, conditions, and restrictions, this will tell you whats allowed and what is not. Then ask your agent or title company for copies of at least the last 3 months meeting minutes. This will let you know what has been discussed at the homeonwners association meetings and if there is any planned repairs, etc...<br><b>References : </b><br> Hire a real estate agent to work for you. As the buyer, it wont cost you anyhow. They should be able to help you thru all aspects. Ask to see the ccr’s which is the convenants, conditions, and restrictions, this will tell you whats allowed and what is not. Then ask your agent or title company for copies of at least the last 3 months meeting minutes. This will let you know what has been discussed at the homeonwners association meetings and if there is any planned repairs, etc…
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]]> By: Reapor-ted! http://www.region3tm.org/red-realestate/things-to-look-out-for-when-renting-or-buying-a-condo/comment-page-1#comment-515 Reapor-ted! Fri, 19 Feb 2010 15:42:59 +0000 http://www.region3tm.org/red-realestate/things-to-look-out-for-when-renting-or-buying-a-condo#comment-515 nearly every condo has condo fees. watch for these. sometimes they can charge you for the dumbest sh*it and get away with it. other than that it's just like renting an apt. just look around and see if the hood is good and you'll be alright<br><b>References : </b><br> nearly every condo has condo fees. watch for these. sometimes they can charge you for the dumbest sh*it and get away with it. other than that it’s just like renting an apt. just look around and see if the hood is good and you’ll be alright
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]]> By: George http://www.region3tm.org/red-realestate/things-to-look-out-for-when-renting-or-buying-a-condo/comment-page-1#comment-514 George Fri, 19 Feb 2010 15:20:59 +0000 http://www.region3tm.org/red-realestate/things-to-look-out-for-when-renting-or-buying-a-condo#comment-514 a bad sign is a crack house next door<br><b>References : </b><br> a bad sign is a crack house next door
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