Is buying a condo different then buying a Single Family? Things to know when buying a condo.

Is buying a condo different then buying a Single Family home? Jeff & Jason discuss some need to know items when buying a condo.

The mortgage market is always constantly changing which is why it's so important to talk to Jeff and/or Jason about your real estate goals when buying a condo in Massachusetts.

Things to think of:
- The buildings Owner Occupancy Rate
- Investor Concentration
- A condo association budget and Reserve Account
- Condo Document Restrictions
- A condo association approved by FHA/Fannie Mae
- Adding the condo fee into the monthly payment obligations

In this video, Jeffrey and Jason breakdown the main points of consideration when buying a condo. Each transaction is always different, but these generalities are a great starting point.

Should you have any questions, then reach out to Jeffrey at 617-480-2600.

https://www.boston2.com/blog/is-buying-a-condo-different-then-buying-a-single-family-things-to-know-when-buying-a-condo/