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Probably the most important question to ask when purchasing any residence is location, location, location. Having decided this you’ll need to consider what type of building you desire to live in. You should ask the right questions before you buy anything. This i list the most notable questions to ask when purchasing a the avenir.

What are my choices in terms of quality to buy a condo in a central location

You have to decide what kind of facilities you are look for before selecting a condo. Want a concierge service? Would you like a pool or fitness center? What is the security as with the condo?

What is the best location in the downtown area?

Condos typically have been in central or downtown part of a city. This could be where most of the entertainment and cultural attractions are. You might not want to live near to nightlife due to the noise and other factors around there. There may be crime considerations and anti social behavior in certain locations. Certain locations could be handier in terms of where you work. You might want to be near a waterfront or even a park to visit jogging.

What’s the best way to go shopping for a condo

You must have some basic selection criteria to filter out most of the properties e.g. the quantity of bedrooms, the scene etc… You can use the web to filter the properties or go to a realtor. You are able to scan the newspapers. You have to consider how much times you have to search for properties. Sometimes the simplest way to find properties would be to walk your neighborhood.

Can I obtain a condo by foreclosure

In the event the prime consideration is price, it could pay you to check through the foreclosure listings. There are a number of ways of using this method. You can look at foreclosure auctions, get pre foreclosures or buy foreclosures from your reo divisions of a bank. You ought to be paying at least 20% less than your opportunity price for a foreclosed property.

What is the current market like

You should know what the marketplace is like before bidding on the property. What sort of discount in the event you bid on the selling price if any. How long has the condo experienced the market.

What’s the average price of a condo

You should consider the average cost of a condo prior to starting looking. Can you afford to buy a condo during this market?

What are the maintenance fees in the condo

What kind of maintenance fees would i be asked to pay for in the condo? You’ll have ongoing fees each month to live in an apartment. You need to to understand before buying.

Is my dog able to stay in the apartment

You need to consider whether pets are allowed to stay in the condo. This can be a make or break issue for many people

Will it be easy to sell my condo

Will I find it hard to sell by condo once i want to. There isn’t any point in purchasing the condo if you fail to ultimately sell it off.

Can I rent rather than buy

You should consider the cost of renting property before choosing. Rent can be an attractive option and is much more flexible than buying.