Buying a condo or are you thinking about it? Either way, there are important things to watch out for. Let’s go over what I check for whenever I have a customer for a condominium. Trust me on this. You won’t find what you need to know in any listing form or internet posting. That’s because the information you need comes from the property manager. While I have many years of…
Posts Tagged: condominium
What’s The Difference Between Condos And Coops?
What’s the difference between condos and coops? This is a question I get so often from home buyers because it’s confusing. A big reason why is because how they are displayed on line. They are jumbled in together under one search category. Buyers almost always see this incorrectly. It’s either all one or almost as a competition – apartment vs condo vs townhome. Neither is right. What’s the difference…
New Jersey is not New York City
New Jersey is not New York City. Neither is Bergen County NYC. Because so many of us see it as the same area, mistakes happen. When this involves your mortgage, results are often disastrous. New Jersey is not New York City Bergen County is in New Jersey. We’re the northeast corner of NJ immediately across the Hudson river from NYC. Above Manhattan is Westchester and to our north is…
New FHA Loan Rule
The new FHA loan rule for condominiums helps first time home buyers tremendously. Announced yesterday in a press release, the new rule takes effect on October 15th. FHA Approved Condominiums The FHA Condominium Project Approval & Processing Guide is 95 pages long. Requirements are strict and it’s a costly, tedious process for any condo association. Condominium associations simply don’t apply due to the cost and aggravation. You use the FHA…
Renting in Bergen County with a Dog or Cat
Bergen County, like most other locations, is not an easy place to be a tenant if you have a dog or cat. Unfortunately, too many irresponsible pet owners have made landlords leary of allowing any dogs or cats to be part of their tenant’s family. With the increasing popularity of small dogs and the perception that they are less of a problem, such as a designer dog, you can find that…
