Just want to be more specific than the folks below. This condo has a monthly assessment fee (aka HOA dues) of $556, which covers Cable TV, Central Hot Water, Earthquake Ins., Garbage, Water and Sewer in this specific condominium. As it is indicated on the listing, there is no special assessment, the yearly assessment that Mr. Petersen talked about. However, this condo unit is a short sale. It means the price most likely is not approved by the seller's bank and also if there is any HOA lien on the unit, you may end up paying for it.
I specialize in condominium sale in north Seattle, and I have successfully presented several buyers in short sale transactions for several years. I know the rules for short sale, and I can assist you in successfully closing a short sale transaction and avoiding a difficult and mostly likely will-fall-apart transaction. Please visit my website below for more information or to contact me:
I would suggest, that as a buyer, you Google every agent that responds to your question here on Trulia, learn as much as you can about who they are online, read their client testimonials, so you know what their clients are saying about them, and then give us each a call and just ask us why we think you should work with us instead of another agent. This will take you a little while to do, but will be time well spent, as choosing the right agent is the first step towards choosing the right home. Then, pick the best fit for you and let them go to work for you with the skill and knowledge that they have. I hope to hear from you soon.
Good luck to you in any case,
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
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This covers a list of items such as insurance for sports and common areas, a contribution to a savings fund for long term costs such as roofing. Older buildings often must anticipate upcoming major repairs, and a fund is set up to pay for these costs.
When you buy a condo, you are generally able to do a little research after the fact; The Homeowners association will prepare a package called a resale certificate. This is a time sensitive document that contains financial information for your review. It is usually purchased from the HOA by a Seller, and because of its' time sensitive data, is usually not offered until after the contract is in place. You may find this alarming, but do not fear..A properly written contract will have a protection added that allows you to view this information, and exit your contract without penalty based upon what you see.
Assoc. Managing Broker