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Fort Lauderdale Real Estate Broker, Pompano Beach Real Estate Broker, Lauderdale By The Sea Real Estate Broker

Bill Cott

Real Estate Broker

Seawatch Realty, Inc.

Email: Bill@BillCott.com

Direct Phone: (954) 494-5812

Sales

Condo Association Policies

Annual Rentals

 

Florida Real Estate Broker - Bill Cott

Through my years as a Florida real estate broker I have taken the time to develop an organized and educated approach to the beach area real estate market.  My direct and honest demeanor with my clients has in itself created a logical set of results driven efforts that work time and time again.  I am passionate about what I do for a living and I know that it shows through the results I achieve for my clients.  Should you take the time to contact me, you will find my non-pressure, informative manner very approachable.  I look forward to potentially conversing with you in the near future and assisting you as you gather a variety of local information for your potential upcoming real estate transaction.

 

 

Condo Associations

 

Condos associations are made up of other owners just like yourself.  They are voted in place by the condo unit owners and oversee the professional condo management that was hired to run the daily operations of the condo complex.  In larger condo complexes these operations will run 24-hours a day and in smaller condo complexes there might not be much more than monthly activity.  If there are two or more condo buildings that make up a complex it is not unusual for each condo building to have its own condo association but also have a mutual third condo association to manage all of the shared community property and common amenities within the condo complex.   When you make an offer to purchase a condo you should be given a due diligence period of at least three business days from receiving the condo documents to review them and speak to the condo association regarding any questions you may have.  I have found that most condo associations are very cooperative with prospective purchasers.  It is not uncommon for condo associations to resist discussing their condo complex information or financials with anyone until there has been a contract signed by both buyer and seller.  This is because the amount of casual interest would be overwhelming for most condo associations.  Most condo associations are eager to speak with any potential new resident regarding their condo complex and will even meet with them in person with an appointment.

 

 

Community Property

 

The rules of a condo complex exist to protect everyone's "joint" enjoyment of the property.  You must keep in mind though that there are many areas of the ownership that are "shared" by all of its residence.  This is referred to as community property.  For example, you might not be able to use the barbeque or pool after 11pm.  Even in this situation those rules might not be enforced as long as you are not loud and/or disturbing anyone else.   It all depends on the condo complex.

 

 

Association Approval

 

As a prospective Buyer that is in the process of purchasing a condo unit within the condo complex most condo associations require that the new owners make application and meet with the condo association for orientation and approval prior to closing.  The cost of the application is usually about $100 to $150 with which the condo association runs a full background check.  After the orientation the condo association then provides the new prospective owner with an approval to purchase letter that must be given to the closing agent at time of closing in order to complete the transaction of purchase.

 

 

Laundry Facilities

 

Most condo complexes have individual laundry facilities in each of its condo units.  However, some of the older condo complexes only have available shared common laundry facilities.  These shared laundry facilities might be just down the hall on the same floor or they might be located every other floor.  Some might only have them on the first floor.  This scenario is usually only found on some of the older condo complexes.  This will be reflected in the price of a unit whether renting or buying.  Keep in mind that some owners only come down for several weeks a year and only see it as a minor inconvenience during their stay.

 

 

Pet Policies

 

The pet policy is usually very clear in most condo complexes.  They are stated in the condo rules and might have certain restrictions such as "Less than 20 pounds" or "Cats Only".  Most of the condo complexes are usually very clear about pets that are permitted and those that are not.  For example, full-sized "Parrots" tend to be too loud for most condo environments.  One last thing about pets.  Do not assume that because you observed a resident walking a dog that it must be acceptable to have a pet in the condo complex.  Some pets have been "Grandfathered" into the condo complex because they were there before the rules were changed.

 

 

If you thinking about selling or renting your property and would like to receive a "Competitive Search  Analysis"  providing you with an up-to-date look the Local Real Estate Marketplace just send me a Competitive Search Request.

Bill Cott

Florida Real Estate Broker   |  Seawatch Realty, Inc.  |  Direct Phone: (954) 494-5812  |  Email: Bill@BillCott.com

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Seawatch Realty, Inc | 218 East Commercial Blvd #201E | Lauderdale By The Sea | Florida | 33308

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