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Solomons, MD

Questions to Ask When Buying a Condo

Susan Thompson: Real Estate Agent in Solomons, MD

Questions to Ask When Buying a Condo - For those who have considered buying a condo, there usually are additional questions they will want to have answered that are specific to condominium ownership as opposed to owning a single family home. Owning a condominium provides many benefits with buyers pursuing this option in many cases to eliminate exterior maintenance of a home creating more spare time for relaxation and freedom from concerns about how the ongoing maintenance a home requires is going to get done.

Solomons Landing Condominium

However, there are things condominium buyers will want to get information and clarification on to ensure the purchase is right for them. Having handled condominium sales as a large part of my business, here are some of the common questions and concerns condominium purchasers have:

- The most common questions about condominiums - condo fees.

-How much are the condo fees? Do they differ for different condominium units?

-What are the community amenities and what do the condo fees cover? Do the condo fees cover utilities?

-Does the condominium community have sufficient reserves?

-How are the changes in condo fees controlled?

-Are there additional assessments or what has the history of assessments been in the condominium community?

-Parking - is it assigned? How many places are assigned? Is there overflow parking?

Solomons Landing Waterfront Condominium

-What types of restrictions are there as to modification of condominium units? For example, can you screen a deck? Can you modify interior condominium floor plans - move/remove walls, etc? Can you have wood floors?

-In waterfront condominium communities, "Is there a boat slip included?" or "What is boat slip availability?" "Are there critical area restrictions?Is there beach access or is the beach private to the condominium community?

-In condominium communities where this a community pool - "Who can use the pool - how many passes are assigned?"

-Is grilling allowed? In Calvert County, for example there is an ordinance prohibiting grilling on condominium decks, so some Calvert County condominium communities provide common areas where grilling is permitted.

-Is financing readily available?

A number of these questions can be answered by the listing agent or possibly are answered in the listing itself. For example, in my MLS there is a space to enter condominium fee amount, what they cover, parking, whether a boat slip is included.

However, buyers should be assured that they will have the opportunity to review the condo docs as part of additional provisions of the contract addenda which cite the specific requirements for the provision on condominium documents as per Section 11-135 of the Maryland Condominium Act (Real Property Article, Annotated Code of Maryland Section 11-101 et. Seq. The Declaration of Condominium, the Bylaws, the Rules and Regulations of the Condominium, and a certificate from the Council of Unit Owners must be provided no later than 15 days prior to settlement. The buyer has 7 days from when these documents are provided to review the documents and the opportunity to cancel the contract (notification must be in writing) if they find those documents or the information disclosed in the Certificate from the Council of Unit Owners to be unsatisfactory (the buyer does not have to provide the reason).

702 Runabout Loop, Solomons, MD 20688

1202 Back Creek Loop, Solomons, MD 20688

1362 Schooner Loop, Solomons, MD 20688

253 Driftwood Lane, Solomons, MD 20688

223 Driftwood Lane, Solomons, MD 20688

Solomons Landing

A number of the commonly asked questions are answered (or answers confirmed) in the Certificate from the Council of Unit Owners - amount of the condo fees, any delinquent fees for the specific unit, any additional assessments, disclosure of additional capital expenditures not included in the budget and balance sheet (the budget and balance sheets are included as part of the Certificate from the Council of Unit Owners), any judgments or pending lawsuits, insurance requirements, certification as to whether there is any unauthorized alteration of the unit or violation of health codes, any leasehold affecting the condominium, general description of the amenities.

In addition, if there is financing involved, the lender will do their due diligence as to whether the condominium meets their requirements for financing. The main areas of focus - adequate reserves, the number of non-owner occupied units, condominium fee delinquency percentages.

In summary, buyers can be assured that there are a number of protections afforded by Maryland law and opportunities to do their due diligence to determine if the condominium association is viable and that the condominium community is one where they will want to invest.

Please contact me for more information on Calvert County real estate and Saint Mary's County real estate.

Professional real estate services provided for Southern Maryland. Search for your new home and get local real estate market information here:

Calvert County Real Estate: Solomons Island, Lusby, MD, Saint Leonard, MD, Port Republic, MD, Huntingtown, MD, Prince Frederick, MD, Chesapeake Beach, MD North Beach, MD, Dunkirk, MD, Sunderland, MD, Owings, MD ....

Saint Mary's County Real Estate: California, MD, Leonardtown, MD, Hollywood, MD, Great Mills, MD, Lexington Park, MD, Saint Mary's City, MD, Saint Inigoes, MD, Ridge, MD, Dameron, MD, Valley Lee, MD, Mechanicsville, MD, Callaway, MD

Seize the Moment in Solomons, Maryland

Susan Thompson: Real Estate Agent in Solomons, MD

Seize the Moment in Solomons, Maryland - I' m sorry I can't help it - I just have to share. My office is located on Solomons Island on the Patuxent River. Photo ops on a daily basis here - grab that cell phone and you just might get some keepers. It's hard to call this work - just plain great living!

Solomons Island River Walk

More Solomons photo ops

Solomons Island, MD - H. G. Trueman Bridge

Back Creek - Solomons, Maryland - Solomons Landing Chesapeake Bay Sunrise - Solomons, Maryland

Please contact me for more information on Calvert County real estate and Saint Mary's County real estate.

Solomons Landing

Professional real estate services provided for Southern Maryland. Search for your new home and get local real estate market information here:

Calvert County Real Estate: Solomons Island, Lusby, MD, Saint Leonard, MD, Port Republic, MD, Huntingtown, MD, Prince Frederick, MD, Chesapeake Beach, MD North Beach, MD, Dunkirk, MD, Sunderland, MD, Owings, MD ....

Saint Mary's County Real Estate: California, MD, Leonardtown, MD, Hollywood, MD, Great Mills, MD, Lexington Park, MD, Saint Mary's City, MD, Saint Inigoes, MD, Ridge, MD, Dameron, MD, Valley Lee, MD, Mechanicsville, MD, Callaway, MD

New listing in Solomons Landing - 223 Driftwood Lane, Solomons, MD 20688

Susan Thompson: Real Estate Agent in Solomons, MD

New listing in Solomons Landing - 223 Driftwood Lane, Solomons, MD 20688 - This beautiful Solomons Landing condo offers a very nice waterview, two master bedrooms, separate laundry room, large eat-in kitchen with island, all Solomons Landing amenities, and more. Solomons Landing is a gated marina community within 1 hour of the Baltimore/Washington metro area and convenient to Patuxent Naval Air Station.

223 Driftwood Lane, Solomons, MD 20688 - Great Price $250,000


223 Driftwood Lane, Solomons Landing 223 Driftwood Lane - waterview deck 223 Driftwood Lane deck

223 Driftwood Lane kitchen 223 Driftwood Lane fireplace 223 Driftwood Lane living room

Solomons Landing pavilion Solomons Landing marinaSolomons Landing 1 mile waterfront walking trail

Solomons Landing

Please contact me for more information on Calvert County real estate and Saint Mary's County real estate.

Professional real estate services provided for Southern Maryland. Search for your new home and get local real estate market information here:

Calvert County Real Estate: Solomons Island, Lusby, MD, Saint Leonard, MD, Port Republic, MD, Huntingtown, MD, Prince Frederick, MD, Chesapeake Beach, MD North Beach, MD, Dunkirk, MD, Sunderland, MD, Owings, MD ....

Saint Mary's County Real Estate: California, MD, Leonardtown, MD, Hollywood, MD, Great Mills, MD, Lexington Park, MD, Saint Mary's City, MD, Saint Inigoes, MD, Ridge, MD, Dameron, MD, Valley Lee, MD, Mechanicsville, MD, Callaway, MD

Solomons Landing Open House-December 11, 1-4 P.M.-1361 Schooner Loop

Susan Thompson: Real Estate Agent in Solomons, MD

Solomons Landing Open House-December 11, 1-4 P.M.-1361 Schooner Loop - Don't miss this opportunity! Incredible Solomons Landing value at $215,000 with all the Solomons Landing amenities. This is a beautiful maintenance free condo in a marina community featuring a gourmet kitchen, wood floors, separate laundry room, gazebo deck, 3 bedrooms/2 baths, approximately 1600 sq ft., more - perfection! Commute to Baltimore/Washington metro area, near Patuxent Naval Air Station

1361 Schooner Loop 1361 Schooner Loop - gourmet kitchen 1361 Schooner Loop living room

1361 Schooner Loop gazebo deck 1361 Schooner Loop gazebo deck 1361 Schooner Loop, Solomons Landing

Solomons Landing marina Solomons Landing Pavilion Solomons Landing-1 mile waterside walking trail

CA7624891 1361 Schooner Loop, Solomons, MD 20688

Solomons Landing

Please contact me for more information on Calvert County real estate and Saint Mary's County real estate.

Professional real estate services provided for Southern Maryland. Search for your new home and get local real estate market information here:

Calvert County Real Estate: Solomons Island, Lusby, MD, Saint Leonard, MD, Port Republic, MD, Huntingtown, MD, Prince Frederick, MD, Chesapeake Beach, MD North Beach, MD, Dunkirk, MD, Sunderland, MD, Owings, MD ....

Saint Mary's County Real Estate: California, MD, Leonardtown, MD, Hollywood, MD, Great Mills, MD, Lexington Park, MD, Saint Mary's City, MD, Saint Inigoes, MD, Ridge, MD, Dameron, MD, Valley Lee, MD, Mechanicsville, MD, Callaway, MD

Solomons Christmas Walk, Friday and Saturday, December 2 and 3, 2011

Susan Thompson: Real Estate Agent in Solomons, MD

Solomons Christmas Walk, Friday and Saturday, December 2 and 3, 2011

Solomons Christmas Walk Solomons Christmas Walk-Gazebo

The Solomons Christmas Walk is a celebration of the spirit of the holidays that is held annually on the first Friday and Saturday in December. Join the fun as Santa arrives, with childrens’ events and activities and open houses at many of the Solomons businesses. Enjoy a stroll through luminaria lit streets as you do some holiday shopping and dining at Solomons fine restaurants.

2011 SOLOMONS CHRISTMAS WALK SPONSORS

County First Bank

Solomons Towne Centre

J.B.G. Rosenfield Retail

Boomerangs

Back Creek Bistro

Community Bank of Tri-County

The McNelis Group, LLC

Holiday Inn Select and Isaac's Restaurant

Prime Property Group - Tim Holt

Papa John’s

Roy Rogers Restaurant

Solomons Island Winery

Spring Cove Marina

Solomons Civic Association

Zahniser’s Yachting Center

Solomons, MD http://www.susanthompsonsolomons.com/solomons-md.asp

Solomons Landing

Please contact me for more information on Calvert County real estate and Saint Mary's County real estate.

Professional real estate services provided for Southern Maryland. Search for your new home and get local real estate market information here:

Calvert County Real Estate: Solomons Island, Lusby, MD, Saint Leonard, MD, Port Republic, MD, Huntingtown, MD, Prince Frederick, MD, Chesapeake Beach, MD North Beach, MD, Dunkirk, MD, Sunderland, MD, Owings, MD ....

Saint Mary's County Real Estate: California, MD, Leonardtown, MD, Hollywood, MD, Great Mills, MD, Lexington Park, MD, Saint Mary's City, MD, Saint Inigoes, MD, Ridge, MD, Dameron, MD, Valley Lee, MD, Mechanicsville, MD, Callaway, MD