 |
Further
Reading ...
|
|
80% of All Advertising Is Wasted Due To This Common Mistake - John Jantsch
You’re flipping through this publication as you wait for your latte, when suddenly you decide to stop and read an ad. What made you stop? I’ll bet it was an attention grabbing headline. It is a scientifically proven fact that 5 times as many...
Here Come The Real Estate Gurus - Hide The Children - Lothar
I am stunned when I hear that many of the so called real estate gurus are charging from $3,000 to $15,000 for their seminars and "mentoring". Has the world gone mad? As a real estate investor and author I am often asked if I can recommend these...
The 7 Best-Kept Secrets to Ultimately Achieve Success In Your Life And Your Home Business - Ryan Terry
As you read every word in this article, you will ultimately discover 7 powerful secrets that will effectively make you more productive, and help speed up the overall success of your home business. These secrets must be applied on a daily basis to...
The Wages of Science - Sam Vaknin
In the United States, Congress approved, last month, increases in the 2003 budgets of both the National Institutes of Health and National Science Foundation. America is not alone in - vainly - trying to compensate for imploding capital markets and...
|
|
|
Important Information For Condo Buyers
|
 |
Written By:
Sheldon Salnick
|
|
|
Here is a step by step guide for buyers looking to buy a condo in any area. These are important tactics to make a solid and accurate judgement on the property you're looking to purchase.
- When purchasing a condominium make sure that you ask for the last three to six months of the condominium minutes. This infomation will provide you with alot of insight into what is happening in the building.
- Obtain a copy of the Declaration, the bylaws, and any rules and regulations from the Condo Association.
- To make sure you are buying into a financially sound building, it is also advisable to find out if the building has any outstanding loans with a bank. Some buildings may take out loans instead of doing a special assessment as a way of doing major work such as new elevators or the exterior facade of the building.
- Make sure you obtain a statement from the Condo Association of any capital expenditures anticapted by the Board within the current or succeeding two fiscal years.
- Find out from the Condo Association if there are any pending suits or judgements in which the Board is a party.
- If the building is newer, find out if the parking is deeded or assigned and whether you can sell it to a purchaser outside the building .Also, make sure you see the exact location of the - continued below ...
|
|
|
continued ...
garage spot before you write a contract to purchase the property.
- Buildings with substantial reserves and lower assessments tend to appreciate at a faster rate than other buildings in a similiar location. Keep in mind that assessments are based on how many amenities are in the building.
- Resale in six flats tend to have better resale value than three flats. The rationale is that a six flat unit is a wider unit since it is constructed on a 50 x 125 foot lot.
- The more horizontal a unit is the more apt it will have better resale value. Vertical units tend to have more hallways and typically do not have split bedrooms.
- The higher the ceilings in a unit the larger the unit will feel. Most people typically prefer 9 foot ceilings or higher hence the height of the ceilings will usually effect resale.
Sheldon Salnick is a Realtor with Rubloff Residential Properties. He has worked with new construction buyers for the last 13 years and has represented over $200 million in new construction. For more information or guidance in the purchase of a new construction home, townhome or condominium please visit http://www.SheldonChicago.com.
info@SheldonChicago.com
|
|
|
|
 |
|
|
| _Additional Resources ... |
|
Immaterial Values in Business Management - Stephan Szugat
Article Title: Immaterial Values in Business Management Author: Stephan Szugat Word Count: 915 Article URL: http://www.abenetis.com/encyclopedia.html Format: 65 Characters per Line ------------------ ARTICLE START ------------------ Immaterial...
5 Powerful Ways To Get Zero Sales From Your Website - Al Martinovic
I want you to imagine a lemon. In your mind's eye, see its yellow skin. Imagine cutting it in half with a knife. Now pick up the one lemon half and bring it up to your mouth and suck on the juices. Do you notice how sharp the tangy lemon juice...
Customer Loyalty - Christoph Puetz
Loyal customers are the foundation of almost every business. Going the extra mile to provide outstanding customer service is the first step to customer loyalty. But there is more. Of course - your products and services in general need to be good....
|
|
|
|
|
|
|
|
|
|
