Condo verses single family house - Saab General Bulletin Board - Saabnet.com
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Condo verses single family house
Posted by No Snaab [Email] (more from No Snaab) on Sun, 1 Dec 2013 15:24:08
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I'm looking at the idea of buying a condo. I think it's a good option since at this point it would serve as a vacation/weekend place and then we'd live there full time when we retire. We looked at a couple over the weekend. One of the things I didn't know was that they have more stringent requirements for down payment--according to my Realtor you need at least 25% down and they aren't eligible for certain types of loans. That's not a big deal but I guess my question is what other wrinkles are there to owning condos? What do you actually own and does it vary? What should I look out for? How does it work if it got destroyed somehow? I've never owned one and I'm not sure what to look for in the fine print.
Posts in this Thread:
- Condo verses single family house, No Snaab, Sun, 1 Dec 2013 15:24:08 <-- Viewing This Message
- Re: Condo verses single family house, BobS, Mon, 2 Dec 2013 19:44:44
- The Board, EGD , Mon, 2 Dec 2013 11:02:10
- it CAN be OK, if and only if you are in the know, Notnoel , Mon, 2 Dec 2013 10:38:15
- Re: Condo verses single family house, Larry West , Mon, 2 Dec 2013 10:19:40
- Rules, fine print and other people, Noel, Mon, 2 Dec 2013 06:48:24
- Re: Condo verses single family house, andym, Sun, 1 Dec 2013 16:48:41
- Re: Condo verses single family house, MI-Roger , Sun, 1 Dec 2013 15:53:10
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