ON A LOOK-OUT FOR A CONDO

As with every property, making a decision should be well thought of. Properties are costly investments. So if this is your first time buying or scouting condos for sale, here are some tips to help you in finding the right condo for you.

1.     Decide on location. The first tip is to decide where you want to live. Usually, people invest in condo units that are in the city for better access. A convenient location will surely have a bigger asking price, but with patience, you will find one that is within your budget range too.

2.       Stick to your budget or budget range. The first tip is to always set your budget before you start looking around for condos for sale. Not only will this narrow down your search, it will also help you focus on condo units offers a bang for your buck. Focus on the condo units within your budget range to avoid excess spending.

3.    Check out building amenities and facilities. For some, condo building amenities and facilities aren’t really that important. But for some people, this is also a huge factor in their decision. Well, if you’ll be paying premium for your condo unit, then the building should be able to offer you various facilities like a gym and a swimming pool. It is a must that you visit the building personally to check out the other features it offers to tenants and residents.

4.       Talk to a real estate agent. Who else would be knowledgeable about properties for sale in area than a real estate agent, right? Also, if you’re too busy and you don’t have enough time to search for condos for sale on your own, then you might want to enlist the help of a real estate agent. The real estate agent will take care of everything; just give him all the details from location, budget, floor area and etc. Payment for the services of a real estate agent varies. Some agents ask for a service fee upfront while others will just get a commission from a deal made.

Buying a new condo may be easy, but finding the best one is surely a challenge. So if you’re not up for the challenge, find a real estate agent to help you score a good deal.

Tam-Bay Realty LLC

1408 N Westshore Blvd, Suite 1000, Tampa, Florida 33607

(813) 908-0706

http://www.tam-bayrealty.com

http://www.businesslocallistings.com

Old or New Condominiums?

Most people will have some idea about their preferred location, size of their unit and a list of “must have” amenities. But the question is: should you pick a brand new condominium for sale which has not been built or a resale unit which has been previously owned?

Before picking a condominium for sale, it is advised to hire a professional realtor to help you with the buying process. It costs you nothing, since the seller pays the commission. However, make sure that you also have a good lawyer by your side. Seeking financial qualification is best also to determine how much mortgage you can afford. Each has its own pros and cons and depending upon your ability to be flexible with your closing dates either type may suit your needs.

Brand new condominiums for sale in most instances are presented to you with a lot of floor plans, model suites and other proposed layouts. Consider that you are buying your unit from floor plans and it is sometimes difficult to visualize the final product. The outcome may be worse than expected. New condominiums for sale means that a developer will rely on the contractors and approvals from governmental bodies to complete the project; thus delays on releasing papers may be expected at this point. When talking about warranties, this provides purchasers with warranties for defects in the unit and common areas as well as added protection for deposits paid to the developer. Make sure that the compensation would follow the requirements that are applied by the city.

Resale or old condominiums for sale are units that are in existence and that have been previously owned and are not being purchased directly from the developer. In this case, there is no need for you to guess how it would look like. However, make sure that the status of materials and environment are still good and habitable. Having a status certificate is the way to deal with issues. The certificate will include all the condominium documentation and will have important information as to the financial status of the condominium corporation. It will determine whether the corporation has obtained sufficient funds for anticipated repairs or renovations.

Whether new or old, condominiums for sale in either case should be surveyed closely to ensure that once you find the unit that you want, you get to review together with your lawyer the exact costs and the papers to follow. Consult a professional realtor if you have further questions.

Tampa Bay Realty LLC

1408 N West Shore Blvd Suite 1000 Tampa, FL 33607

(813) 908-0706

www.tam-bayrealty.com

http://www.businesslocallistings.com