what you need to buy a condo

what you need to buy a condo

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.

If buying a condo is on your 2017 bucket list, keep these tips in mind.. "You don' t want to buy in a 'one big company' town that would be badly.

fha list of approved condos What Are fha-approved condos? fda-approved condos are condos that meet the US Department of Housing and Urban Development (HUD)’s property eligibility requirements. If you want to buy a condo using an FHA loan, the condo must meet these requirements and be included on the FHA Condominium Approval List.best month to buy house  · If you’re thinking about buying a home in 2018, November and December are the perfect time to “warm up” for the house hunt so you can hit the ground running in the new year. And whether you’re looking in Athens, GA , or Athens, NY , the prep work is relatively the same.

Buying a condo allows you to wade into homeownership without plunging into the responsibilities of a single-family home. Before you buy a condo, ask the right questions to avoid making a mistake.

How does the process work for buying a condo with cash? Pros, cons, advice? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

We compiled a list of 22 things you need to know when buying a condo. 1. Location, Location, Location! This is the MOST important factor when you are making a condo purchase. The view you see out your windows is very important, so do your research and find out about any future development plans in.

Everything You Need to Know Before Buying a Condo Owning a condo has many perks outside of the freedom to personalize your space. See why condo ownership might be the right choice for you and which questions to ask before closing.

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What you need to know when buying a condo. Is buying a condo right for you?. Although getting a mortgage loan to purchase a condo is similar to purchasing.

I want to give you the step-by-step rundown on the process of buying a condominium. You can skip around two the parts that you might not understand as well.

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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.

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