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Northern Virginia Real Estate | Is it a condo or not?

December 1, 2009 By Doug Francis

United States Court of Appeals, Richmond VA

Image by DougFrancis via Flickr

The agent who wrote up an offer on a listing of mine contacted me because his client had gone to the tax records and now thought the property was a condo. There was some confusion on his end and he wanted me to clear it up.

This raised a flag since the buyer’s agent must not have gone through this fact with him, but also raised another flag because I never overlook something as critical as the proper type of ownership.

For example, imagine if you made all the payments on your car, only to find out it was a leased vehicle at the end of 60 months? Heck, I bet you would be double mad as heck!

Knowing the type of ownership is essential in real estate

Before you make any offer, your real estate agent should look through the tax database to see if the home is condo ownership, fee simple ownership, or a co-op. This point is huge because it could impact your monthly budget significantly since condo fees are typically high. This is a legal definition folks… and not just jargon.

I have done this business for a long time and always double check this information. In my ABR, and Continuing Education training we are always told to understand the available facts about a home when discussing any home with real estate clients who may be considering buying a home. More about me at About Me.

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Filed Under: Blog, Video Blogs Tagged With: real estate, Real estate broker, United States

About Doug Francis

A Realtor specializing in unique and new homes around Vienna, Virginia, Doug started writing a first-hand blog about his everyday real estate experiences a decade ago. In depth, helpful and fun has always been the objective. Outside real estate, he "starred" in a tech commercial for Verisign's "Where the World Clicks" campaign, and was quoted in Money Magazine's Best Places to Live article on Vienna. He's a Boston University graduate who feels morning coffee is non-negotiable.

Being able to guide my clients through many real estate sales, either moving out, moving in, or just across town, has been a rewarding experience that helps when discussing a plan with a future client.

Being able to help them focus and understand our proven sales plan always eases their anxiety of this looming personal task. And, putting it into bite-sized steps always helps them get where they really want to be.

My background… I’ve been an active licensed agent in Virginia for 25 years, work at TTR Sotheby’s International Realty in McLean, and sell homes in all price ranges. I donate to the town tree replacement fund, participate in a neighborhood citizens association, and try my best to stay in shape.

Questions? Email doug@dougfrancis.com or call me at (703) 304-6827 to discuss your plans. Cheers!

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About Doug Francis

I am a Realtor with TTR Sotheby's International Realty® just outside Washington D.C. in Northern Virginia. I have been a full-time Realtor licensed in Virginia since 1991, and cover a big territory specializing in the Vienna real estate market and custom homes for sale.

I have unique knowledge of digital real estate marketing ~ and my marketing starts here. My elite clientele has been attracted to my results-oriented strategy for years, and I am accepting new clients now.

Thanks for reading... and feel free to contact me at 703-304-6827 or send me an email at doug@dougfrancis.com anytime!

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6723 Whittier Avenue McLean, VA 22101

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