Buying a San Mateo Condo

By Raymond Stoklosa · October 27th, 2008

Missed our class on How to Buy a San Mateo Condo? Here are some of the learnings we discussed…

Buying a condominium is more complex than buying a single family home
When you buy a San Mateo condo, you are really buying two things: a place to live in or a “home” and a share of the ownership interests in a business entity called the Home Owner’s Association (HOA)
If you are going to buy a condo, use a condominium specialist – A condominium is a unique type of real estate, and is not a property for beginner agents to use as job training
Get your lender involved early in the process – The lender must approve the complex’s financial stability and the unit’s value
To avoid making unwelcome discoveries once it’s too late, read all of the documentation provided by the seller and the home owner’s association – If you don’t understand it, ask questions

Want more information on Buying a Condo in San Mateo? Contact us and we’ll send you the class pack.

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