Let's take a closer look at a typical community and what the maintenance fee would cover. Below is a simple comparison of condo ownership versus single family home ownership monthly cost
Category: Financing Condos
5 Tips before you buy a condo
5 Tips for Buying a Condo in New Jersey. Get pre-approved before you even start looking. Find an experienced agent who knows the communities you are looking .
A Condo Owners Nightmare
A $49,790 Special Assessment charged to unit owners of a New Jersey Townhouse Community "First of all...don't get scared out of buying a condo or townhouse. This does not typically happen. In my 35 years of a being a Broker, this is the most extreme case I have heard about."..... Warren Damiano Yes, it's unfortunately …
Condo Buyers Beware!!
Condo and Townhouse Buyers..BEWARE...Associations are raising costs to buy units. These days I have found that associations are doing everything they can to build up their funds to run their community. With costs continuing to rise everyday to run condo associations these days (IE: Insurance, landscaping, roof replacements, heating systems, driveways repaving etc.) associations are …
NJ Affordable Housing
We realize that not everyone can afford luxury condos and townhouses. We have found a resource for more NJ affordable housing options offered by the *New Jersey Housing Resource Center. *NJCondos.net is not affiliated with this resource center nor do we offer any of these properties for sale unless they are on the local multiple …
Is your New Jersey Condo VA approved?
Are you a veteran looking to buy a condo or townhouse in New Jersey? VA Condo Approval Standards On Oct. 26 2017 HUD announced they will be reducing the owner-occupied requirements for 50% to 35%. The number of units 60 days delinquent on their HOA dues was also reduced from 15% to 10%. Must have at …
Is your condo New Jersey FHA approved? Find out here
Why does it have to be FHA approved? Because FHA provides a government guarantee to banks who write loans to their guidelines, the banks are willing to offer loans to people who might not otherwise qualify for a conventional loan. ... If you are selling a condo, your condominium complex must be FHA-approved before a …
Continue reading Is your condo New Jersey FHA approved? Find out here