Do You Need Homeowner’s Insurance if You Own a Condo? by Emily Guy Birken 3 comments In many ways, buying a condominium offers fewer headaches than owning a single-family home : you don’t need to take care of yard work or snow removal, nor do you have to handle major maintenance issues on the building itself.
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Arlington VA real estate agent and realtor matt leighton talks about 5 mistakes people are making when buying a condo. Subscribe for more real estate videos.
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Condo Buying Still requires real estate Agents Whenever you shop for a purchase as large as a home or condo, consulting the experts is a must, especially for first-time buyers. Finding a real estate agent who has experience in matching condo sellers with condo buyers can mean the difference between a long and frustrating process and a relatively pain-free one.
What Price Condo Can You Afford on Your Income? Before you step foot in an open house, you need to know how much condo you can afford. For example, if you make $50,000/year, you cannot afford a $300,000 condo, unless you have a secret trust fund.
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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. Purchasing a condominium is much more complicated than buying a house.
However, with Chicago’s real estate market only growing hotter, condo buyers need to do their due diligence to ensure they’re making a worthwhile investment. According to some of Chicago’s top real estate agents, here are six things to consider before buying a condo in Chicago.
What can you do? Make sure you buy some kind of home content insurance. There’s probably a crack you need to patch, or.
Realtor Cara Ameer highlights how living in a condo or townhouse can be different from a single-family home. Video: Buying a Condo? Here’s What You Need to Know (Video) – realtor.com
"Most of the things you need to be aware of when buying a condo don’t involve the unit itself. They have to do with the governing body that manages that property," Abrams says. With condo developments, the homeowners association is often responsible for more maintenance, including the overall maintenance of the building.