Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Important Information For Condo Buyers


Here is a step by step guide for buyers looking to buy a condo in any area. These are important tactics to make a solid and accurate judgement on the property you're looking to purchase.

- When purchasing a condominium make sure that you ask for the last three to six months of the condominium minutes. This infomation will provide you with alot of insight into what is happening in the building.

- Obtain a copy of the Declaration, the bylaws, and any rules and regulations from the Condo Association.

- To make sure you are buying into a financially sound building, it is also advisable to find out if the building has any outstanding loans with a bank. Some buildings may take out loans instead of doing a special assessment as a way of doing major work such as new elevators or the exterior facade of the building.

- Make sure you obtain a statement from the Condo Association of any capital expenditures anticapted by the Board within the current or succeeding two fiscal years.

- Find out from the Condo Association if there are any pending suits or judgements in which the Board is a party.

- If the building is newer, find out if the parking is deeded or assigned and whether you can sell it to a purchaser outside the building .Also, make sure you see the exact location of the garage spot before you write a contract to purchase the property.

- Buildings with substantial reserves and lower assessments tend to appreciate at a faster rate than other buildings in a similiar location. Keep in mind that assessments are based on how many amenities are in the building.

- Resale in six flats tend to have better resale value than three flats. The rationale is that a six flat unit is a wider unit since it is constructed on a 50 x 125 foot lot.

- The more horizontal a unit is the more apt it will have better resale value. Vertical units tend to have more hallways and typically do not have split bedrooms.

- The higher the ceilings in a unit the larger the unit will feel. Most people typically prefer 9 foot ceilings or higher hence the height of the ceilings will usually effect resale.

About The Author

Sheldon Salnick is a Realtor with Rubloff Residential Properties. He has worked with new construction buyers for the last 13 years and has represented over $200 million in new construction. For more information or guidance in the purchase of a new construction home, townhome or condominium please visit http://www.SheldonChicago.com.

info@SheldonChicago.com


MORE RESOURCES:

CNBC

Trump lawyer: Moscow Trump Tower 'solely a real estate deal'
CNBC
An abandoned proposal to develop a Trump Tower in Moscow during the 2016 presidential election was "solely a real estate deal and nothing more," President Trump's lawyer told congressional staff on Tuesday. The discussions about the potential ...

and more »


Forbes

Two Smart Long-Term Real Estate Options
Forbes
But if you think you're going to make it, now might be a good time to take a serious look at where you want to establish your business. Long-term business real estate planning means either direct ownership or long-term lease. I've covered the direct ...



Exclusive Videos
Inman.com
Uncertainty is the name of the game in real estate -- right now, and always. Brad Inman took the Connect stage with Ken DeLeon of DeLeon Real Estate, Mauricio Umansky of The Agency, Dolly Lenz of Dolly Lenz Real Estate and Glenn Kelman of Redfin to ...



CoinTelegraph

First Bitcoin-Only Real Estate Transaction Completed in Texas
CoinTelegraph
In a new and interesting twist, an entire real estate transaction has taken place via Bitcoin. In other words, you can now buy your house with Bitcoin…at least in Texas. The transaction was for the purchase of a newly built custom home, and the full ...

and more »


Business Insider

Step inside the extravagant wedding of a Russian real estate heir and a social media star, where there were ...
Business Insider
This past weekend, Karen Karapetyan — son of Russian real estate mogul and billionaire Samvel Karapetyan — married social media star Lilit in a glamorous wedding at the Armenian Apostolic Church in Moscow. There were reportedly thousands of flowers, ...

and more »


Toys 'R' Us Shows Real Estate Can't Save Retailers
Bloomberg
There's a common belief that retailers that own real estate are in a better position than those that don't. This makes sense from a theoretical perspective. Property holds value that's independent of a specific brand and is less prone to the ...

and more »


Seeking Alpha

Xinyuan Real Estate: The Tide May Finally Be Turning - Seeking Alpha
Seeking Alpha
Is investor sentiment finally starting to improve? I think so. The bull case for Xinyuan Real Estate shares has been in place for years now. Xinyuan Real Estate.

and more »


OregonLive.com

Lack of homes for sale weighs on Portland-area real estate market
OregonLive.com
A short supply of homes for sale is stifling activity in the Portland-area real estate market. Despite a competitive environment where certain homes are still attracting several offers, sales for the year through August have dropped 2.7 percent ...



Forbes

A Modern Romance: Yield Hunters And Real Estate
Forbes
I'm an investment professional, rather than a real estate pro. But my wife is involved in real estate as are many others we know and as a lawyer in New York, I availed myself of the opportunity to quickly get a Real Estate Broker's license. And to keep ...

and more »


Motherboard en_us

Miami's Close Call with Irma May Make Climate-Blind Real-Estate Developers More Reckless
Motherboard en_us
Harvey and Irma killed dozens of people and destroyed many thousands of homes, but, we're told, look on the economic bright side.The Miami real-estate market, already blazing hot before the storm, will feed off of the temporary disruption and heat up ...

and more »

Google News

home | site map
© 2006 TIGER MEDIA