Questions You Should Ask When Buying a Condominium

By
Real Estate Agent with RE/MAX Executive Realty 91362

Questions to ask when buying a condoThere is no doubt that there is a lot you should know as a buyer when you are considering purchasing Real Estate. Of course a good Realtor can you help in this endeavor and be your guide throughout the buying process.

While buying a home entails a lot of considerations, when purchasing a condo this is magnified even further. When purchasing a condominium there are a whole host of issues that should be on your radar that you don't have to worry about with in the purchase of a home.

There are questions to ask when buying a condominium that every buyer should have the answers to as part of their due diligence. The answers to these questions can make or break whether the condo neighborhood you are thinking about purchasing in should even by considered.

Some of the more important information that you should have a good grasp of include what are the condo association rules and how will they effect me? How much are the condominium fees and what exactly do they include? Is the complex professionally managed or will I be dealing with a home owners association (HOA)? How much money is in the reserve fund and are there any special assessments coming up that I should be aware of?

For a myriad of reasons you should also know what the rental policy is in the neighborhood. Other condo purchasing considerations include the parking arrangements, if there is any current pending litigation against the association and how easy it will be able to sell a unit in the near future.

Click the above link and you will be taken to an article that covers all of these condo issues in much greater depth. ** For all my Active Rain friends I would appreciate it very much if you visited the original article and shared it socially with your networks like Facebook, Twitter and Google Plus! **

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About the author: The above Real Estate information on questions to ask when buying a condo was provided by BillRE/MAX Executive Realty Hopkinton Mass Real Estate Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356. Bill has helped people move in and out of many Metrowest towns for the last 25+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

For Massachusetts Real Estate and homes see Maximum Real Estate Exposure. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder.

I service the following towns in Metrowest MA: Framingham, Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Franklin, Grafton, Northboro, Shrewsbury, Bellingham, Northbridge, Uxbridge, Sutton, Millbury, Worcester, Millville, Douglas, Natick and Wayland MA.

 

Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 25 years.

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  1. Gabe Sanders 10/01/2012 03:38 AM
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Topic:
Home Buying
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questions to ask when buying a condominium

Comments 15 New Comment

Rainmaker
602,179
Sheila Newton Team -- Anderson & Greenville SC Real Estate
--Residential/Short Sales/Foreclosures
RE/MAX Realty Professionals

great points Bill.... we don't have that many condos in our area and recently I was visiting my daughter in CA and we are starting to look for a property for her.. I was shocked at the difference in the home types there and the differences you must know about... All areas really do have their own differences and so do each home type!!

September 26, 2012 07:04 AM
Rainmaker
904,400
Bill Gassett
Metrowest Massachusetts Real Estate
RE/MAX Executive Realty

Thanks Sheila! Yes condo's are a completely different animal where due diligence is an absolute must.

September 26, 2012 07:14 AM
Rainmaker
537,977
Eric Michael
Metro Detroit Real Estate Professional 734.564.1519
Remerica Integrity, Realtors®, Northville, MI

Bill, great article about what to look for in buying a condo. I'll go over to your other site and check out the blog.  

September 30, 2012 11:19 AM
Rainer
134,863
Andrew Capelli
Fidelity National Title

Bill: Great points, especially about the association rules.  Depending on who's running the association, enforcement can be downright draconian!  I know of a local condo association that has no common Dumpster or community garbage facility.  Most units don't have a garage, but the association has rules against keeping external garbage cans.  So, if you want to live there, you have to keep all of your garbage inside your home until trash day or risk getting fined!  That would be a deal-breaker for me!

March 19, 2013 10:29 AM
Ambassador
1,775,034
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC
Excellent article you have here Bill that provides informationon what one should ask when buying a condominium. Thank you for sharing and keep up the excellent work.
June 15, 2013 07:41 PM
Rainmaker
904,400

Bill Gassett

Metrowest Massachusetts Real Estate
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Metrowest MA Real Estate - Realtor specializing in home sales in Hopkinton, Milford, Holliston, Ashland, Southboro, Westboro, Upton, Mendon, Hopedale, Grafton, Medway, Northbridge, Franklin, Framingham, Shrewsbury, Northboro, Bellingham, Sutton, and Uxbridge MA. Includes Real Estate home sellling & buying tips, Homes for sale in and around Metrowest. Connect with me on

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