Search This Blog

Thursday, May 29, 2008

First You Say You Do and Then...


May 29, 2008
Lynnsy Logue The Real Estate Lady® and Condo CanDo® in Charlotte, NC

First You Say You Do and Then….
Okay, all right…yes, I do specialize in condominiums because…well, they are fun, different in many ways, are perceived as “care free homes”, easier just to move in,many have pools, tennis courts and clubhouses and sometimes a concierge…okay, they seem more sophisticated. Just lock the door, go off to Europe and not worry about the roof, the grass, the paint job.
And then here I come…crawling under, over, around and through…speaking about the quality of building products, the quality of construction, the need for inspections, the necessity of reading and knowing thoroughly what the documents say…oh, and then about the number of investors in a project, the financial statement for resales, the yearly budgets, the proposed assessments…all the items to ask about, look out for and investigate.

Condominiums are different. You are buying into a community. Do you like paddling your own kayak or shipping out on the Queen Mary?

And I believe that if you are patient and do your homework, you will be happy with your new home and with your investment. I am not easily bowled over by granite and wood floors or great views. Having said all that about condominiums…I also make similar suggestions on single family home purchases or horse farms or commercial property or the lake house or your Mom and Dad’s new patio home in an active 55+ community.

As Oprah says, the love is in the details. And as an active, full time broker, I love the hunt for problems. I savor the details.So when I say beware, be careful, take your time, here is what can happen, does happen often, these are the risks…it doesn’t mean stop…it means stop and think.
I do like condos.
After all, who do you think is behind that red cape and black mask?Condo CanDo. CanDo.

Lynnsy Logue The Real Estate Lady® and Condo CanDo® in Charlotte, NC

No comments: