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.
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