Seattle Condominiums (condos): Owner has a deed for unit, has a
separate mortgage, pays property tax on the unit plus a percentage
of the common areas and pays a monthly maintenance fee. A board of
directors governs the complex with the owner having one vote. The
condo owner has a fee simple absolute unrestricted ownership and is
individually responsible for property taxes and maintenance fees.
Use the sales price of condominiums with similar size, appeal, age,
neighborhood in Seattle, incurring similar maintenance fees, etc.
to determine market value. Ask owners in the complex what they like
and dislike about both the unit and the complex. How good is the sound
proofing? End units and upper units generally sell for more when sound
comes into play. How is its location in the complex? Is it near downtown
Seattle or will you have to commute? Next to an access street, parking
facility, pool? Look for units that are not adversely affected by
these. Stay away from predominantly rental condo complexes in Seattle, those having more occupants that are renters. They are often
poorly maintained as absentee owners usually vote against improvements
and increases in maintenance fees. When buying condos in Seattle,
it is always good to ask lots of questions.
Seattle homes for sale
(introduction)
Seattle condos
Seattle cooperatives
Seattle resale homes
Seattle gated communities
Seattle townhouses
Building a house in Seattle
Seattle new homes
Seattle luxury homes
Seattle lofts
Seattle investment property
Washington bungalows
Seattle duplexes
Seattle triplexes
Seattle residential real estate
(attached)
Seattle residential real estate
(detached)