Condos are fantastic purchases, whether it’s your primary residence or it’s an investment property. When you’re handed a copy of the bylaws in escrow, make sure you take the time to review them. Look for big red flags. These include outlandish penalties, aggressive foreclosure clauses, and restrictions on pets, cars, and rentals. Look to make sure that the HOA is dutifully collecting the right amount of money to fund the common areas. Think about whether the rules you’re reading sound both fair and compassionate. The best condo associations are the ones that encompass both of these qualities!
According to a report by the Census Bureau, the number of renters above 60 years of age in America jumped by 43.1% in US large cities in 2017. The reason for this growing trend in senior renters is not only because of economic hardship which resulted from the 2007 Great recession.
House hunting can indeed be a daunting experience. In this day and age, some buyers prefer to take matters into their own hands in order to retain control in the buying process, and this usually means looking at homes only available from the sellers with no broker involved, also known as “FSBOs”.