Frequently Asked Questions
 

What makes condominiums Different?

Is selling a condo difficult?

What is expected when buying a Condo?

What is included in the monthly fee?

A Condominium unit can be an Apartment, Townhouse, or even a Commercial Property. In fact, many forms of real estate may be bought and sold as condominium such as parking spaces, boat docks even vacant land. Each unit is bought and sold with its own title and deed. The actual boundaries of the unit are defined in the Declaration. The typical boundaries are inside the interior walls of the unit which means that you are buying space and not the structure. The areas outside of the walls which are enjoyed in common with the rest of the owners in the association are typically referred to as Common Elements.

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Condominium Associations Rules and Regulations typically do not allow “For Sale” signs on the common grounds of the complex, or unit windows. Most real estate professionals will agree that a sign is a critical part of real estate marketing and certainly the most cost effective. People looking to buy real estate often drive through areas that appeal to them. We created Condo4Sale.com as a place for buyers to locate just condos for sale. In addition to our own listings on the web, we provide access to other agents’ listings through the Multiple Listing Service. Our specialists will work with you to develop the most effective marketing program that includes internet exposure, multiple listings and advertising to get your unit sold fast!

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When you purchase a Condo, there are many different steps that you must take. One of the first things that you need to do is request a Resale Package from the seller. The Resale Package will contain several pertinent documents that describe the condominium community. Once you have received the resale package, you will typically have a specific period of time known as a Rescission Period to review the declaration documents, rules and regulations and bylaws. If you are not satisfied during this period, you may elect to nullify your contract to purchase the unit. Our agents are trained to provide expert guidance through the process of condominium buying.

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Many responsibilities typically handled by a homeowner are managed by the Condominium Association. A monthly fee is paid to the association to cover the common area expenses; this is often called an Association Fee. Insurance for example, is maintained by the association for the structural elements and for liability. Condo owners are responsible for insuring the contents of their unit. Typical services included in the monthly fee are, property management, landscaping, trash removal, snow plowing, Repairs to common elements are handled by the association, but a Special Assessment may occur to repair or replace decks, roofs, siding, or other major items. Leaky faucets, light fixtures, etc are usually the responsibility of the unit owner. Some condominium complexes include heat, hot water and even cable television service in the monthly fee. All condominiums are different in one way or another.

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