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Condos – Part II

CondosThis is part II of my introduction to condos.  Part I can be found HERE.  In my last post, I shared with you the legal definition of a condo, and how costs incurred in the project are divided among the unit owners.  In this post, I will discuss the pros and cons of condo living, monthly fees and why in some projects, they are so high. Read the rest of this entry »

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An Introduction To Condominiums

Questions?This past week, I’ve been working with a client who is interested in purchasing a condominium in Redmond, Kirkland, or Bellevue WA as an investment. Although this client is not new to investment properties, this would be his first condo purchase.  As we looked at various condo complexes, a number of questions surfaced.  After lengthy explanations, I realized that many other folks probably had similar questions, so I’m doing a two-part post on condos.  The first part will explain what a condo really is, and the second part will try and help you understand some of the issues involved in purchasing and owning one. Read the rest of this entry »

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