Beach Resort Homes

Real Estate MLS • Listing Syndication

Information You Need When Buying a Condo



Caveat Emptor, “Let the Buyer Beware”

Real estate investing in Gulf Shores, Orange Beach, Perdido Key, and Destin

Alabama & Florida are “buyer beware” states that require diligence by the buyer – always work with an agent that will protect your interest.  Other important considerations…

Homeowner Associations

Membership in a Homeowner Association (HOA) is mandatory – HOA members are subject to special assessments by the Board of Directors (BOD).

Common Property

Poorly maintained components such as the roof, building-envelope, elevators, etc. can cost HOA members $1000’s.

Legal

Legal issues such as lawsuits & foreclosures can expose condo owners to significant liability.

Financial

Poor planning by the BOD can lead to a depleted Reserve Fund, resulting in HOA members funding the repair & maintenance via special-assessments.

Home Inspection

Can save you money by identifying defects, and documents the condition of the property.

Home Warranty

Peace of mind, no one knows when a component will fail.

Investing in resort real estate is complicated – contract negotiations, tax-exchanges, income-analysis, HOA issues and other considerations.  A PreferredPartner will work in good faith to protect your interest.


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Buying a Condo in Gulf Shores, Orange Beach, Perdido Key, Destin

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