Posts

Showing posts with the label Buying a Condo

Groundhogs and Real Estate (Yes, There's a Connection)

Image
Do you believe whether a groundhog sees its shadow or not is a true indication of when Spring will come? A lot of people aren’t even sure, which means we’re going to have more winter. But even if you do, it doesn’t make a whole lot of sense. If it’s sunny, and he sees his shadow, that means a longer winter. If it’s cloudy and he doesn’t see his shadow, it means Spring will come sooner. That seems totally backwards. And then there are lots of different groundhogs… which are you supposed to believe? Groundhogs Don’t Predict Spring Truth is, Spring never actually comes sooner, even if every single groundhog doesn’t see his shadow. It begins on a specific calendar day. Now the weather on the other hand, that’s a different story. The weather will be what it will be. Weather is something people make small talk about. But a groundhog predicting it!? Meteorologists can barely do it. So, most people don’t put a whole lot of stock in what the groundhogs “say” on Groundhog Day. ...

Pros and Cons To Buying A Condo

Image
If you're a potential buyer in the real estate market, you may wonder, "Should I buy a condo?" Condominiums are generally less costly to purchase than houses or townhouses, and they can offer conveniences you might not otherwise be able to afford. In fact, some buyers who are priced out of single-family homes in high-priced markets may qualify only for mortgage loans on condos or co-ops. Condominiums can be a good investment, especially if they allow you as a buyer to enter the real estate market. Qualifying for financing is much the same as getting a mortgage for a single-family home. If you are purchasing condos as investment properties, you should be able to find a lender as well. Yet there are caveats to condominium ownership. Here are five things to think about before you take the plunge. You don’t own the land A condo building is a building or complex consisting of multiple apartments that are individually owned. The entire building is owned by an individ...