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Business Real Estate Read Before You Condominium
| Read Before You Condominium |
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| Written by Michelle Emily |
| Friday, 26 March 2010 08:36 |
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Buying real estate is one of the most important moves you can make toward your personal financial success. Owning your own property comes with many tax benefits. In good economic times, your home also increases in value year after year. Generally, the Center City pet policy in the low-rise/Brownstone sector of condominiums allows pets. I am aware of no low-rise condo building that prohibits pets from their buildings- though restrictions on size, breed, and number of pets may be limited. Amongst the high-rise condo sector, I would have to argue that most do allow pets, but not all. I am aware of one building in particular that does not allow either dogs or cats. Not allowing pets does provide for a bit of serenity in a building. No owner has to worry about a yappy little dog who barks every time someone walks past the front door. Nor do owners have to worry about "Billy the Thoughtless tenant" who brings his three pit-bulls into an elevator with you and your friends. Also, no one has to worry that Fido is going to have an accident in the elevator, or the lobby of the condo building. Next you will need to know how much you can afford in monthly mortgage payments. Make a budget and evaluate how you spend money. Then call a reputable mortgage company or bank. Tell them you are interested in receiving a "pre-approval." Be prepared to give them your social security number and information about your income. The representative will do a calculation and determine the amount you can pay for a condo. Now you are ready to shop for a condo. Armed with your with your "wish list" and condo price range, begin your shopping on the Internet. Check out real estate listing sites. It may also be time to enlist the help of a real estate agent. They are trained to understand the market and they know what condos are currently or soon-to-be available for sale. While checking the neighborhood for your Miami Beach condo, it is important that you have to check on the amenities and facilities that you will need s you stay in the condo. Make sure that it is complete with all facilities and amenities that will cater your needs and wants. I have never met a buyer who said that they would NOT live in a building which allowed dogs. In the current buyers market of the Center City condominium sector, does it not make sense for most associations to ease up on their restrictive pet policies? It certainly is going to affect the resale value and ability of those condos which are up for sale, or will be for sale in the future. Once you have identified the condo you wish to purchase, prepare an offer to buy the property. Your real estate agent can help you with this step. If your offer is accepted, move onto hiring an inspector to evaluate the condition of the condo. You will also want to have the condo appraised, so that you know you are paying the right price for the property. Now is the time to hire a real estate attorney. They will help with the remaining steps, which include preparing closing documents and running a history (title search) of who has owned the property over the years. Buying a condo will be one of the most important purchases you will make in your lifetime. It not only will be the place that you can call home, it will be your piece of the American Pie. It's a giant accomplishment that will have a lasting impact. About the Author: Looking to find the best deal on Condo Journal, then visit www.condojournal.com to find the best advice. Kindly provided by MoneyHunter.org You are welcome to use this article on your own website, if you include the link just before this text. |
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