Arthur Robertson

I know there are many benefits to having a condo but recently the problems have become more prevalent than ever. Where do I begin. As a condo owner, one of the biggest problems that I am coming to grips with is a financially uninlightened board. If you have board that cannot adopt to current changes and the does not understand that raising dues is not a cure all and that it can become a detriment for buyers is a huge problem. I am to the point since prices have come down enough that buying a starter cottage can be a great option. I think that this can be another great option for older clients. I have reviewed many condo's in the area and some are paying as much as $550 per mo in downtown areas in Snohomish.
Unless you have money to burn, I think that this is $6600 that I can go in vacation or put in a high risk investment. What have you got to loose since your just giving it away.
Allot if the issue I see ertains to finance. We have issues with conversions being built to low standards and the association has no budget resulting in escalating montly dues, in addition, you have a property management that you never see and do nothing.
Buying a condo has many benefits but just be aware of pitfalls and look at options. If you can get a small yard and a small home on it, you can always pay someone to take care of the yard.

One of the most critical aspect about Purchasing a home and more so today is to have a good understanding of your needs. A Realtor should be able to build a profile about your needs that is realistic and gives you a good exit strategy. Part of what I learned as a former financial advisor is that you must tailor plan based on age, risk tolerance and returns. In addition, working with someone with an overall background in Investments, Banking, Insurance and Real Estate is an invaluable asset to have on your side. So if your a 1st time home, a seller or you have been around a few times, do your due diligence when working with an agent.