· Know what condos are selling for in the building and in the area. What are the trends ? Houses in the area ? Resale Value of Condo? Are these condos easily duplicated?

· Know what the condo fees cover ?   What are the Condo Fees?_______ Water__ Gas __Utilities__ Exterior maintenance __ Pest Control__ Parking__ Homeowners Insurance__ Flood Insurance__ Security__ . Interior insurance for your contents are not covered, most times it is only the exterior and you will need additional Ins. for inside and contents.

· Condo documents will be examined to determine what modifications can be made in your unit. Condo assessments are paid by owners when a major repair needs to be done and there is not enough in reserve. Check the entire condo association as to the overall condition because you pay in the end.

· Security of the area and the condo association itself. Check out the immediate area during day and at night.  Parking and on site security. Guest parking ?

·  Condo taxes are the same as for homes if it is your primary residence, you will get a 75k homestead exemption. Taxes are usually the only thing held in escrow by the lender.

What do you want and need in the Condo?

Area_____ Price Range____ Size___  Bedrooms____ Bathrooms ___ Parking___ Commute time___ Style of condo, flat or townhouse, ___ Gated___ Financing___ Washer/Dryer, Taxes____, Pets___Size of Association____, Resale Value____ Pool/spa ___, Condo Fees___

Why should you get preapproved for a mortgage ? 

Getting a pre-approved mortgage is a great way to get started. With a mortgage approval, you will be in a better position to negotiate with sellers. You will also be able to close on a property quicker than other buyers. This shows the seller how serious you are about the property, and it will make the seller more comfortable working with you. In a "seller's market," or where supplies are limited, a pre-approved mortgage is essential.

 This will help you decide some important things so we can concentrate on getting the best Condo for you. Such as:

• Your preferred price range
• What extras you would like
• Determine what you will qualify for
• Your preferred down payment
• Your preferred monthly payment
• Which types of financing are best for you
• How you can get a mortgage
  How long do plan to live in your condo? 

                        Jack Saux, he's the short and smart one!










Let Jack and Eric save you time and money. Let our experience work for you. Give Jack a call 504-782-0072 or E-mail Eric