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things to know when buying a condo

Buying a property is no easy feat, but all that bureaucracy is in place to protect both the seller and the buyer – and it’s worth it. And if you do decide to buy that condo, make sure to get some Lemonade condo insurance to protect you, your stuff, and everything from your outermost walls, inward.

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If you’re considering buying a condo, read on to learn a little more about this type of property and what ownership entails.. 9 Things to Know About Homeowners Associations . Home Ownership .

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“A lot of people will put you in the car and start showing you things. But if you don’t know. Picking the right neighborhood when searching for a home Condo vs. co-op: Know the differences before.

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Things to Know Before Buying a Condo. June 7, 2017 Real Estate Reports. When Buying a condo, many people may like the idea of the lower price compared to that of a Single Family Home. They may also like the idea of less responsibility with tasks such as yard and building maintenance.

Thinking of buying an investment property in a new condo building in NYC? Here's what you should look for.

 · THE CONDO FEE. If you’re buying a condo in DC or the surrounding areas, brace yourself for some steep condo fees! However, not all fees are created equal. fees vary from building to building and can depend on my factors, including amenities offered, the size of the building, if utilities are included, and even the age of the building.

Buying a condo or townhome is about more than four walls and interior air space; it also means buying the homeowner association. Smart buyers examine all the homeowner association documents, including its latest financial statements, to determine if one is buying into a money pit or a gold mine.

“It puts in perspective that they’re not alone in terms of things not being great at the moment,” says. at Altus Group Ltd. “Other markets were down last year for new condo apartments, as well.”.

In cities, that might mean purchasing a condo with a direct elevator entrance. throw the old real estate maxim “Don’t buy the best house in the worst neighborhood” out the window. They want the.