Just because it looks pretty, that does not mean you should buy it! That is a good rule of thumb when it comes to condo shopping. There are several factors that you should determine whether or not you buy the place.
1) Are you a student at a nearby college? It might make more sense to rent a condo near your school than living in a dorm. That way you can get a feel for the place before you buy the place outright. A lot of college kids do that. Once they graduate college they decide to move in and make it their place full-time.
You can read some tips on choosing condos for sale near the University of Texas, Austin by clicking here.
2) Does living in a condo in Austin satisfy your living needs? Some people buy a condo because that is what their friends are doing. Are you also going to jump off a bridge if one of your friends did? Not everyone is meant to live the condo lifestyle. The tv and movies make it look easy. You will need to submit to the “house rules”, so to speak. The Housing Association has a set of rules you need to follow. Can you cope with that? One wrong move and they can throw you out.
There is no knowing what you can expect from your condo housing rules. Every state is different. Texas might have a few tweaks, here and there, but the rules are pretty much the same.
3) You need financing before you can look at the place. If you did not get approved, then there is no way they will let you look at the place. They will shut the door in your face. You do not want the embarrassment, believe You also need to hire an agent who is skilled in this area of expertise. Not every agent has sold condos before. You need someone who knows what to expect inside and out. This link should give you some idea of where to begin.
4) You should know what the condo includes before you sign the contract. Does the condo have everything you need? There may be a better one down the street you or in the same building, you did not look at yet. Choose wisely. The place is yours once you sign the contract. There are ways to get out of the contract, but it can be a lengthy process. It is also going to cost you a lot of money that you do not have.
5) You should review the rules before you agree to move in. Some of the rules can be kind of stringy and controlled. Can you live with that? You might be better suited to some other place.
