how to purchase a condo

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For buyers of brand new or pre-construction condos, 20 crucial questions Share: You pay a premium to buy a new condo, and with pre-construction, you also take a risk on the unknown and untested.

Steps to Buying a Condo: Step: Description: Financing: You need to apply for a mortgage to purchase a condo just the same as a single-family home. Your lender will likely review the condo board documents and building operations. Insurance: Homeowners insurance protects your house from losses from disasters such as fire or theft.

For just shy of $450,000, Christine Hanchett could make the cheery yellow condo in San Jose’s historic Hensley district her.

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The Condo Purchase Timeline: How Long Will It Take? You’ve decided to get into the market. And now you want to know how long until you’ve found and moved into your dream condo: a month, a year?

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With a 3% down payment for a $300,000 house or condo, you’ll need just $9,000 in cash instead of the $60,000 in a standard. Offsetting the cost of owning a home after you purchase is where.

If you purchase a condo or a home in a planned community with common areas, you will be responsible for paying HOA fees. These fees vary based on the number of units, size of the unit and what amenities are offered, such as a 24-hour concierge or a spa.

Search 2881 condos for sale and mls listings. view listing photos, nearby sales and find the perfect condos for sale. A special opportunity to purchase a resale luxury condominium at the world-renowned Mountain Shadows Resort. Located in. View Home. $895,000. Grant Almquist. New.

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Are you looking at buying a condo as an investment? If so, how do you know if a condo is a good investment? There are several calculations you can go through, and questions to address, to determine the answer.

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.

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