It is important to note that there is a wide difference between the ownership of a resort property such as a condo hotel and that of a normal or typical home. This is particularly the reason why you will need to find answers to some of the questions which will prove quite fundamental that you get all things right as you contemplate the move to sign for a condo purchase. Unless noted, the following are some of the questions that you will find to be quite relevant for your need to purchase a condo or resort residence.
Think of knowing about the prices of the condo, asking if the quoted prices are with an allowance for bargains and the initial purchase. You will as well do well with the process of the sale like knowing if you will be purchasing it directly or through an agent or a representative. The pricing models assumed by the properties of condos quite vary and you will have some in the market with the necessary flexibility to allow for price bargains while others have their prices fixed and as such non-negotiable.
These are factors which are actually determined by the forces of the market such as demand and as well the overall business principles and policies assumed by the property management company to which the condo belongs. Knowing the entity to profit in the commissions from the sale of the condo will as well greatly help you with your bargains for the prices.
You may as well be served nicely with a tip of information on the status of the property you intend to buy in terms of whether it is fully constructed or it is still work in progress. You need to find answers to this question since it will as well be great for the sake of settling the final price of the condo property you look forward to purchasing. This happens to be so for the reason that most of the properties that are still at the foundational stages of their building are often floated for sale at discounted rates to lure clients while those that are complete and or have their units up will cost more as they tend to have higher demand.
In order to have a clear picture of what property you are buying from the developer or management company for those condos that are bought while pre-finished, you need to have a picture of what the final building will look like when finally put up and as well you should be served with the precise timelines for the completion of the project to facilitate your planning.