A condominium is another real estate option other than a traditional stand-alone home. Usually condos are purchased with mortgage, but in difficult markets or selling situations they may be rented as apartments. Learn more here about condominium housing.
Condominium Board Won’t Pay For Maintenance
A condominium owner has a roof leak and no one is fixing it. Her brother wonders whether she should keep paying her condominium fees. You need to check what the homeowners association regulations say about what the owner's responsibility is and what the condominium homeowners association's responsibility is to fix.
Late Charges For HOA Fees
A condo owner says he's been late paying homeowners association fees and now owes a late fee. Does the condo owner have any recourse with the homeowners association?
Construction, Condo Sales Continue To Drop
Construction spending in January 2008 fell 1.7 percent from December 2007 and dropped 3.3 percent from one year earlier, to $1,121.5 billion, accordin...
What’s A Condo?
As a new home buyer you have lots of choices as to what type of home to purchase. A condominium, or an apartment that you own, is usually located in an urban center or densely populated suburb. A condo is one choice to consider when you are buying a new home.
Noisy Condominium Neighbors Cause Problems
Noisy neighbors are causing problems for a condominium reader. Suing neighbors is one way to deal with a noisy neighbor but you may be able to come to an agreement with the condo association board for noise regulations.
How To Terminate Contract On New Construction Condo
A home buyer signed a contract to buy a new construction condominium two years ago and after several delays with the builder, he would like to get out of the deal. A real estate attorney can help walk you through new construction deals and prevent large losses later in a transaction. Under federal law, this buyer might have a right to terminate the contract if he didn't receive certain disclosures for the new construction condo.
New Construction Condominium Floor Not Level
Home inspection can save you a big headache in the long run. In a new construction condo, the new owners have discovered that the floors are not level. They want to go back to the builder and have him fix the floors. Make sure a home inspector checks everything, like the floors. Some difference in the floor may be normal. The owners need to talk to a home inspector, the builder and a real estate attorney to find out what they can do to get their floors fixed.