pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Well, it looks like DW and I may be buying a condo in Florida for snowbirding. The annual carrying costs are about 3/4 (or less) of what it costs to rent for January to March so if the appreciation is decent then the appreciation and the difference in renting should cover the lost investment income in the long run.
What I'm looking to find out from forum members who have bought a condo in Florida is what the process is like. We have bought houses before never a condo.
I assume that we will still want a home inspection of the HVAC, water heater, plumbing and electrical etc even though the association is responsible for the outside walls and grounds. I also want to see the HOA's financials and perhaps read their minutes for the last year to get a sense of their issues and how well they are funded.
I assume that one would want a title search and title insurance for a condo just like one would for a house.
Since it is a cash deal I plan to hire a real estate attorney to do the closing.... make sense?
What I'm looking to find out from forum members who have bought a condo in Florida is what the process is like. We have bought houses before never a condo.
I assume that we will still want a home inspection of the HVAC, water heater, plumbing and electrical etc even though the association is responsible for the outside walls and grounds. I also want to see the HOA's financials and perhaps read their minutes for the last year to get a sense of their issues and how well they are funded.
I assume that one would want a title search and title insurance for a condo just like one would for a house.
Since it is a cash deal I plan to hire a real estate attorney to do the closing.... make sense?