Condo Buying Checklist
A condominium is not homeownership in the truest sense. When you buy a condo, you own only what is inside the walls of your unit. Outside of those walls, the residents of the complex share ownership in...
View ArticleReasons to Buy a Condo
While housing in general is characterized by the benefits of appreciation, leverage and tax write-offs, every housing type comes with its unique set of pros and cons. And the type of housing that fits...
View ArticleQuestions on How to Buy a Condo
The prospect of buying a condo instead of a single-family home may initially seem to make financial sense, but it is not always the wisest social or economic option, according to both Bankrate.com and...
View ArticleHow to Find a Condo to Buy
In tough economic times, fewer people can afford to buy homes than in times of prosperity. Buying a condominium is the right choice for some people, since it provides ownership and a place to live with...
View ArticleQuestions to Ask a Realty Lawyer Before Buying a New Condo
The decision to purchase a condo is a major financial decision. Real estate professionals help potential buyers sort through the mounds of paperwork and translate the obtuse legal jargon into plain...
View ArticleHow Do I Buy a Condo With Low Income?
Condominiums, or condos, are an inexpensive way to enter the housing market. As a condo owner, you will own only your unit while the areas around it, such as pools, tennis courts and greenbelts, are...
View ArticleAdvantages & Disadvantages of Condos & Coops
Condominium units give buyers individual ownership of their personal apartment or town home, and provide shared ownership of all public spaces. Coops feature a similar arrangement, though owners must...
View ArticleHow to Buy a Foreclosed Condo
It's possible to find condos at rock-bottom prices by searching the foreclosure pages. Mortgage lenders can foreclose on a property when the borrower defaults on the mortgage agreement, but use...
View ArticleCan I Buy a Condo Using Equity from My Primary Residence?
It can be difficult to find a mortgage lender for a condominium in a soft market, or in the case of buying the condo for use as a rental property. Lenders charge higher rates on income property...
View ArticleHow Much Money Do You Need to Buy a Condo?
Buying a condominium, like buying any real estate, involves a cash investment. The amount of money you need to finalize a purchase contract depends on several factors, all based on the agreed upon...
View ArticleWhat Is a Time Share Condo?
Ownership of a time share condo gives you the pleasure of using a vacation spot for a certain time of the year and a certain number of days, depending on your agreement. You usually pay annual...
View ArticleHow to Buy a Condo With a Friend
The increased scrutiny that potential home buyers face has caused many people to consider alternate ways of buying a house. One option is for friends to purchase a property together. Condos are a good...
View ArticleHow to Buy a Condo Vs. Renting
Buying a condo requires an attention to detail not required when looking to rent. Unlike renters, condo buyers must be vigilant as many hidden costs are associated with buying that simply don't exist...
View ArticleHow to Negotiate When Buying Condos
The purchase of a condo can be the largest financial transaction of a person's life. The purchase is made that much more difficult by the purchase obligation also including assumption of condo fees for...
View ArticleHow to Buy a Rental Condo
Condos make effective rental properties. They have many of the same benefits of single-family residences but with one key difference: When you buy a condo, you have a condominium or homeowner's...
View ArticleHow to Buy a Condo Using a Conventional Loan
Financing the purchase of a condo can be tricky. Lenders consider condos to be a higher risk than single family homes; this is because in condo ownership, you are at least partially dependent on the...
View ArticleAre There Any Programs to Help With Down Payments for Seniors to Buy a Condo?
Senior citizens who are trying to buy a condominium may find it difficult to come up with a strong down payment of 20 percent or more. In high-cost areas, such as San Francisco, cash-strapped and...
View ArticleShould You Buy a Condo if You Have Bad Credit?
Your credit is of upmost concern to mortgage lenders. It's a strong indicator of your debt repayment and money-management abilities. Unless you can pay cash for a condominium or you have a substantial...
View ArticleHow to Buy a Beachfront Condo
One of the benefits of owning a beachfront condo is that the responsibility for maintenance and upkeep is limited, so you can relax and enjoy living on the beach or bankroll the proceeds from renting...
View ArticleHow to Buy a Condo for Investments With Ten Percent Down
Buying a condominium unit for investment purposes rather than your own primary residence can be an uphill battle. Depending on the housing market and the flexibility of the mortgage lending...
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