Condo maintenance fees can have a significant impact on condo prices and the overall affordability of owning a condominium. Buyers and investors often consider these fees when making decisions, and they can affect both the demand for condos and their long-term value. Here's how condo maintenance fees can influence condo prices: 1. **Affordability:** High maintenance fees can make ...
Potential Red Flags in status certificates! In the world of real estate, most realtors do not want to lose a deal. However, there are some situations when a realtor must tell the client to walk away from a deal because it is in their best interests to do so. I have written some articles that deal with status certificates, a document that tells how well a condo is being managed. This artic ...
Understanding the reserve fund study Understanding the status certificate is very crucial to determining how well the condo corporation is managing the finances. Part of the status certificate is the reserve fund study, which can be a hard document to understand. Reading the reserve fund study with the help of a real estate lawyer with help you understand this document. This article will ...
Attached is a presentation for investors who are interested in preconstruction. It deals with something you should do when buying preconstruction. Researching a builder.pdf
Attached are important questions that should be asked before buying a condo. Better yet, get your realtor to ask these questions. At Realty Executives we know the right questions to ask before our clients buy a condo. We are where the experts are. Looking for a condo to call your own? Call or DM me.? When considering buying a condo, there are several important questions you should ask to ...
Over the years it has become increasingly difficult to save for a down payment as housing prices increase. 20% is usually desirable because no mortgage insurance is needed. However, you do not have to save 20%. It all depends on the market value of the house. Below is a chart that illustrates the minimum payments. Any amount less than 20% requires the buyer to obtain mortgage insurance. H ...
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