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How to Buy Your First Condo Without Getting Burned

Well, here I am buying my first condo and boyunits are for sale. Also look at the cars
am I learning alot.First I learned to pick aparked  in  the  parking
real  estate  agent  I  know  or at least one
lot. Are they BMWs or beat up Chevy's with
who has been recommended. There are so manybullet  holes?  You  don't
behind  the  scenes  deals
have to live at the Ritz but you also don't
going on, with some of these realtors, thatwant  most  of  the  units
you  can't  tell  whether
to be composed of drug dealers either.Check
they actually care if you get a good deal orinto the surrounding area. Are you close to a
not.  Some  realtorsgood  school?
only work with certain builders or certainThis should help your property retain its
properties.  This  meansvalue.  Also  check  on  the
that there is a whole world of other condoscriminal statistics in that area. It may
out  there  in  your  pricelook  pretty  during  the  day
range that you may not be seeing.Next Ibut what happens at night?Research is your
learned to check the construction. Here inbest tool. Selling prices of sorrounding
Florida  you  wantunits  and
a concrete based construction. Many of theseproperties are public record. See what the
new  condos  orproperties  around  you
apartment to condo conversions use whatsold for in the last few months and compare
seems  like  pliewood.  Thisit  to  the  asking  price.
is not a great idea in a state full ofAre the seller's expectations too high?
termites  and  humidity.  TheNegotiate.Never give full asking price. Here
in  Orlando,  I  have  heard  of
last thing you want is to find mold growing
on  your  fabuloushouses going for more than the asking price.
This  is  nuts!  Everyone
outfits, when you open your closets or see
chunks  of  your  wallis acting as if there won't be another house
for  sale  ever.  This  is
missing. Also with the number of hurricanes
we  get  down  here,  theludicrous. Every time I drive down the
street,  I  see  new  houses
concrete based buildings have a much better
chance  of  surviving.posted for sale and these signs are staying
up  for  longer  periods.  There  are
Ask the realtor and the seller what the
building  is  made  out  of.motivated sellers out there.See if the
owners are still in residence. If they are
They are legally required to answer yourstill  living
questions.Also, ask if they have had any
problems at all with the unit or thethere, they may not be completely motivated
building.  Ifto  sell.  After  all  they
you don't ask they don't have to tell youare only paying their mortgate, as usual. On
everything.  That  is  wherethe  other  hand  if  the
the saying buyer beware comes from. Theyapartment is vacant and the electricity is
have  to  answer  yourturned  off,  they  may  be
questions honestly but anything left unaskedalot more motivated to sell. They are now
is  your  responsibilitypaying  the  mortgage  for
or for the courts and your lawyers to battlean empty condo plus rent or another mortgage
out.Talk to your future neighbors. Ifon another property.These are just a few tips
everyone  living  there  lookson  making  sure  you  get  a first home that
depressed or pissed off there may be ayou can be proud of and happy in. Happy
darned  good  reason  theseHunting. Christakos is a published author and
a private real estate investor.



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