First-Time Condo Purchasing Tips
Posted on: February 23, 2016 by Signature Insurance Group

Purchasing your first condo is an exciting time. While the end result is undoubtedly rewarding, the stress of checking your credit, obtaining a loan, house hunting and the like are no easy tasks. Therefore, follow these simple tips for purchasing a condominium and protect your new home with a comprehensive SoCal Condo Insurance program.
Weigh the Options
While the process of purchasing a home might be similar, condo shopping varies greatly from a traditional home sale. Naturally, buyers should weigh the pros and cons of the condo before purchasing. These include asking yourself if the place meets your needs, has enough space, and accommodates your lifestyle. Will the close proximity of neighbors bother you? Can you manage the association fees? This is especially important- these can run a couple hundred dollars per month so find out how much they will cost before signing on the dotted line.
Hire a Real Estate Agent
In addition to the standard sales contract, an extra agreement is required for a condo purchase that typically states the buyer will follow the conduct, regulations, and requirements of the community. An expert who knows the market can help break down these contracts and explain them to you in detail, plus they can negotiate a fair price on your behalf.
Loans & Financing
Make sure to find a financer that supports condo loans. To make matters easier, it is recommended that you get pre-approved for a loan before starting to house hunt. Rochester Real Estate also recommends that if you intend to use a loan dispersed by the Federal Housing Administration (FHA) that you ensure the community is on their approved list.
At Signature Insurance Group, we want to ensure the safety of your hard earned investment. Our comprehensive condominium insurance packages are written specifically with you in mind and cover a variety of risk exposures. For more information, contact us today at (855) 972-9437.
Posted in: blog Condo Condo Insurance
Archives
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
Categories
- Auto Insurance
- blog
- Business Insurance
- Commercial Auto
- Commercial Umbrella Insurance
- Condo
- Condo Insurance
- Cyber Liability
- Earthquake
- Employment Practices
- EPLI
- Errors and Omissions Insurance
- Flood Insurance
- Homeowners Insurance
- Insurance
- Management Liability
- Motorcycle
- personal auto
- Press Release
- Renters Insurance
- Southern California
- surety bonds
- Uncategorized
- Vacation Home
- Workers Compensation
Recent Posts
- Your Company’s Website May Actually Be an E&O Risk
- 4 Common Perils Business Interruption Insurance Can Help You Get Through
- Strongest Earthquake in 5 Years Rattles Southern California: Is Your Business Protected?
- Suspension of 227 CA Medical Providers Highlights the Need for Workers’ Comp Fraud Prevention
- 4 Insurance Products for Better Risk Management