a condominium can also be different than other properties. If you are
purchasing a condominium with cash, you will find that the sale will go
much easier and quicker. But before you plunk down your money you will
need to investigate the communities health, operation and whether it
meets your needs. I will work with your title/escrow agent to ensure that you
have as much knowledge about the community as possible before you take
title to your new home.
you plan on financing the condominium or townhouse you should be aware
of the rules that many lenders have regarding shared ownership
properties. The location, size of the complex, percentage of owner
occupants, the financial stability of the HOA all are determining
factors that lenders review before approving condo financing. Providing your lender with information about the property early in the buying
process is important when financing a condominium.
Conventional financing is the most common and easiest to obtain for condominium homes. If you are considering FHA or VA
financing the condo must be on the approved list of properties that
meet the strict requirements of these programs. You can use one of the
links below to find and approved complex or use our search engine link
to find your new Condominium Home.
I have sold many condominiums and town homes in the Phoenix metro area and I have the expertise to help you find the best properties and the
best financing. Please contact me
with any questions.