How to Buy a Sedona Condo – Sedona Condominiums
Buying a condo is a little different then buying a single family detached home. There are different facets to the purchase and sale contract that need to be discussed and agreed upon before mutually agreeing to buy the Sedona condo.
When buying a condo the biggest difference is the part of the property you the buyer are responsible for and what the condo association is responsible for. More then likely you should receive a copy of the condo associations CC&R's which is their code and bylaws that must be agreed upon before the purchase can proceed. These documents are typically hundreds of pages and can seem daunting. Have your agent go over the highlighted points with you and be sure to ask if there is something that stands out to you. These would include features like what you are allowed to do in your home verses the common areas. What parts of the property are your responsibility, how you can alter the home and any permissions you may need to obtain before making large renovations. Condo associations are typically very detailed in what they will allow or not allow so if there is something in particular that you are questioning, go a head and ask. They will usually just let you know. Buying a condo does require similar issues to be done though, such as an earnest money deposit, inspections and necessary lender requirements. If you are financing a condo your lender may have special needs from you during this time and will let you know what those are when the time comes. Having an inspection on a Sedona condo is a little different than a regular house because there are certain issues you will not have worry about. Outer areas such as decks, stairs, windows, siding and landscaping are typically the condo associations responsibilities. Features inside such as inclusive plumbing issues, appliances and any leaks, damages or issues directly contained only in the condo property are usually the buyer and sellers negotiations. Your agent will also clarify which is which for your particular situation. Be sure to know that if you are going to buy a Sedona condo, there are other factors involved. It can be nice not having to deal with many of the outside features but know your rights and your bylaws. They can protect you just as much as harm you if you are not aware. Contact Eileen Schreiber for Golf condos in Sedona and homes in the area. 928-607-9610 | homesinsedona@gmail.com
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