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Buying Property Homepage
Reliable Buying Property Information
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Where do I find information on condos for sale?
My husband and I are still living at his parents house with our newborn and we are about ready to get out.we have furniture, dishes, all that good stuff from our wedding however we don't know the first thing to getting a place. we dont want to rent an apartment, we just want to invest in owning.but how?where can i look for prices? what is the usual steps? take a loan? save how much?we live in Orange County, California
Tampa Area condos for sale?
looking for condos for sale in Tampacondo wanted near airport approx. 5 to 15 min away
Are there any condos for sale in St.louis. Mo?
Where can I find condos for sale at the John Hancock?
I need to find condos for sale at the John Hancock Building in downtown Chicago. Help, please?????
What is a good website to find houses or condos for sale in Toronto?
I want to convert a multiple building apartment complex to condos for sale. Do I have to convert all units?
Whats a good website to check for houses and condos for sale in your area?
What estate of usa is best to buy a land and buuilding condos for sale?
if you had some money and wanted to buy a land and build a condo what would you do
Besides CraigsList, how do I freely advertise my Condo for sale in Connecticut?
Here is the CL listingnewyork.craigslist.org wch rfs 174913044.htmlnewyork.craigslist.org wch rfs 174913044.htmlWoo Hoo That was great, hope to get more. Only once did I not select a best answer only because it was totally inconclusive. But so far yours isgreat
Houses and Condos for sale?
First how much would your payment be per month if you had decent credit and a $200,000 house. Also why is it that some houses are listed at $5,000? Are they really that cheap? Are some forclosures for decent houses really $20,000? I really don't get all this stuff if you want the best answer clear all this up for me. Thanks
Where in Gainesville fl is 3 bedroom condo for sale less than $150,000?
with garage on ground level.
Can I sign the closing papers for my condo for sale in NYC? I'm in CA & my NY lawyer wants power of attorney
I do not want to give him the power of attorney. Can't the paper work be sent to be via an escrow company of some sort? so I can sign them here in California?
Realtors: Would it be conflict of interest for Condo Assn. Pres. & Co-Owner to Agent other's condo for sale?
The Condo Assn. President is also a co owner, residing in one of the condos under the Association rules. She is a realtor with a license and was contracted by one of the other co owners to sell their unit as they have already moved out of state and wanted to work with someone they knew who would be motivated as a co owner to get it sold and at a good price.By itself, I'm not sure that is a conflict of interest. HOWEVER, this Condo Association President called a special meeting of the other Co Owners mostly retired folks who are easily led and convinced a majority of them to give up their right of first refusal to purchase the unit she was selling as the real estate agent. The buyers wanted FHA financing and we were given some story about how that right of first refusal could be held as discriminatory and we could be sued. I disagree.To the extent this Pres. is asking us to give up our rights so she can make commission, I think that would be a conflict of interest. Agree?The right of first refusal is the right of the existing Condo Assn. Co Owners to purchase any unit at the price that another buyer has initially agreed with the seller to pay. The thought is that this will help prevent any of the Co Owners from selling their unit at some incredible discount e.g. " fire sale price" which could have the effect of driving down the market value of all the other units. This is a common right that is afforded in other condominium agreements and serves to protect the existing owners.In this scenario, however, the buyers are of low credit quality needing FHA support to gain financing, so all the other owners are incurring risk by letting these buyers in. We have maintenance fees in addition to what these new buyers will have to pay for financing what will likely be a 97 % mortgage, so the concern is whether they will become house rich and money poor and drag the rest of us down when they can't pay for repairs.Let me add that this Condo Assn. President did not petition to become President. She was elected to Vice President with minimal duties outside of voting . The President moved out of town so the duties fell to her to assume the President's position.The Association meets once per year. It is rare that any other meeting is called unless there is some emergency need. This December meeting approximately 4 days before Christmas was called because the Condo Assn. President wanted to close the sale on the property...NOT because she was looking out for the interests of the other Co Owners. There was no lawsuit hanging in the air. The Condo Assn. rules have been in place with the Right of First Refusal for 30 years. She raised the fear of senior citizens that they " could be sued for discrimination" if this Right of First Refusal was not eliminated from the rules. No discrimination on the basis of race has occurred. One CAN apply credit standards as to who is allowed to buy in, tho.The Condo Assn. Pres. IS a Realtor of the local city Realtors Assn., the Texas Assn. of Realtors TAR , and the National Assn. of Realtors NAR . Therefore there are codes of ethics they must subscribe to and the local, state and national codes are supposed to be similar, but may differ in certain ways.To cure a conflict of interest, full disclosure might be one avenue. The existing Co Owners were NOT told by the Condo Assn. Pres. the price that buyer and seller had agreed upon verbally or in writing. Therefore, the opportunity for the existing Co Owners to buy at a price certain under existing rights of first refusal was never fully represented by the Condo Assn. Pres. Under this scenario, I believe there was NOT full disclosure that might have cured a conflict of interest and that in truth, there was a premeditated act to deceive and coerce by threatening litigation to the existing Co Owners if they did not sign. believe there was breach of Fuduciary Duty. Lawsuit City, No?
What are some hidden problems associated with a condo for sale?
I am looking to but my first condo. I looked at one this weekend and the price is just too good to be true so I'm trying to figure out what could be wrong with it. Here are the details It is a 2 bedroom, 3rd floor condo in a decent neighborhood in Chicago. It is available as the result of a foreclosure. It has new duct work, new electric and hardwood floors. The walls and celings look to be in good shape. The only things it will need are a refrigerator, dishwasher and a washer dryer. The bathroom sink is complete except for the faucets. Other than that, it seems great. Now, here is the part that has me worried It is only $50,000 and it has been on the market since January. Can anybody offer possible reasons it would be this cheap?
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