Buying A Condo First Time Buyer -

Lenders may refuse to finance a mortgage if too many units are owned by investors rather than primary residents. 3. The Inspection Process

Request the Reserve Study to see if the building has enough money for future repairs. buying a condo first time buyer

When you buy a condo, you own the of your unit privately, but you have a shared ownership stake in the common areas (hallways, landscaping, and amenities) with other owners. Lenders may refuse to finance a mortgage if

Ask for the last 12–24 months of board meeting minutes to uncover ongoing issues like noisy neighbors or pending litigation. buying a condo first time buyer