A Primer as to Why You Can't Buy That North Florida Condo You Want

Posted by Howard Flaschen on Monday, March 28th, 2011 at 8:12am.

You Want Your Jacksonville Beach Condo

...Good Luck.

Jacksonville, FL - A recent article on Inman (http://www.inman.com/buyers-sellers/columnists/stevebergsman/new-rules-make-condos-harder-sell) goes into great detail as to why so many condo buyers are finding themselves left out of the condo-buying flurry that's hit the Atlantic Beach, Jacksonville Beach, Neptune Beach, and Ponte Vedra Beachjacksonville-condo_448 areas. Its not simply a matter of going to the FHA/HUD approved list to see if the project is eligible but an extra layer involving a litigation search. Be sure to arm yourself with a Realtor to help filter out the condo projects you'll be eligible for.

What you're eligible for may be determined by the plan you have in place regarding paying for the unit. Do you intend to get a loan for your purchase? What type of loan will you be trying to get, an FHA, VA or Conventional loan. Do you know the down payment requirements for your lender's conventional loan for condos? Will you be paying cash for your unit? Are there assesments?

Feel free to call or email if you have any questions...

Howard Flaschen




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