Beach Resort Homes

Real Estate MLS & 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, requiring HOA members to fund the repair & replacement of common property via special-assessments.

Home Inspection

Can save you money by identifying defects, while documenting 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.  If you’re buying resort property or have a question regarding real estate, I can help – contact me.


Real Estate Broker-Inspector in Gulf Shores-Orange Beach and Perdido Key Pensacola
Wayne Moore
Real Estate Broker
Home Inspector
Assoc. Manager