Minneapolis Minnesota Real Estate Blog

Condo Warranty Facts, by Mike Weiland, Downtown Minneapolis Condos Expert.

Note: You can access the best deals on Downtown Minneapolis condos as well as insider information about privately available condos by clicking this link >>>Minneapolis Condos<<< or call the Free 24 Hour Recorded Information Hotline Now...1-888-391-9039 Ext. 126.

A Condo Warranty is like an insurance policy that benefits both the buyer and seller of a condo. 

It is common for Downtown Minneapolis condos sellers to purchase a condo warranty.  Sometimes the real estate agent or the buyer will buy the warranty.  No matter which party purchases the warranty, all of the parties involved benefit from this fantastic cost-effective tool.

A condo warranty is unique in the fact that different individuals can make a claim against the policy.  If a problem occurs prior to the sale of the condo, the seller benefits from the warranty.  If a claim is made after the sale, (usually up to one year) the buyer benefits from the same warranty.  There are many condos for sale in the Downtown Minneapolis area offering a condo warranty.  For a listing of these properties or more information about condo warranties, contact me at mike@mikeweiland.com.

A condo warranty offers security and peace of mind for the Downtown Minneapolis condos buyer.  If a covered item needs repair or replacement during the coverage period, the warranty company will take care of it.  Buying a condo can be a financial burden.  A buyer will have confidence to purchase a condo knowing if certain items break or need repair within the first year, they will be covered.  The buyer will have added confidence to purchase the condo.  This fact helps the seller because statistics show buyers are more likely to purchase a condo with a condo warranty.

The benefits for the seller to offer a condo warranty are great.  Statistics show Downtown Minneapolis condos with a warranty sell faster and for a higher sale price.  The cost of the condo warranty is negligible when compared to the benefits of selling a condo quicker.  Yet another benefit to the seller is that if something should go wrong with a covered item or system during the time the condo is on the market, it will be repaired or replaced through the warranty.

Don’t let the lack of a condo warranty stop you from purchasing the condo of your dreams.  Downtown Minneapolis condos warranties are available for purchase by the condobuyer as well.  Ask your real estate professional for more information about condo warranty programs in the Downtown Minneapolis condos area.

There is a lot of free information available to you about buying, selling or investing in  Minneapolis Condos or Minneapolis Lofts. For complete information about the Downtown Minneapolis condo market including current Minneapolis condos for sale, values, and more please visit the most complete website online dedicated to everything Downtown Minneapolis Condos at www.LivingInDowntownMinneapolis.com.  Contact Mike Weiland & Elke Stephan with Edina Realty with any of your real estate or mortgage related questions call the 24 Hour Recorded Information Hotline Now For Details...1-888-391-9039 Ext. 126.

P.S. You can access the best deals on Downtown Minneapolis condos as well as insider information about privately available condos by clicking this link >>>Minneapolis Condos<<< or call the Free 24 Hour Recorded Information Hotline Now...1-888-391-9039 Ext. 126.