Minneapolis Minnesota Real Estate Blog

Relevant and Reliable Real Estate Information

 
Items that must be checked by your Downtown Minneapolis Condo Inspector
0 votes
September 28, 2009

Mike Weiland discusses items that must be checked by your Downtown Minneapolis condo Inspector.

Note: For instant and unlimited free access to Downtown Minneapolis Minnesota mls property search click here to begin your search now!


The list could be smaller but you can see there are a lot of people involved in the purchase of a condo.  So here is a punch list to keep the process moving when you are buying a condo in Downtown Minneapolis.

As soon as the offer has been accepted it is best to schedule a condo inspection right away.  Usually they can be done within a day or two of calling the inspection company.

It may seem like an unnecessary expense, but think of it as an insurance policy.  You pay car insurance every month without expecting to get in an accident.

You may not think there is anything wrong with the property you are looking at, but it is best to get a non-biased third party to look over the property and give you a their professional opinion on what repairs may need to be done to the property or things that could possibly go wrong with the property in the years to come.

If there are any underground oil tanks (i.e.: for an oil furnace) on the property you will definitely want to have a soil test done after you have completed the condo inspection if you are still ready to move forward on the purchase of the condo.

It can cost a Downtown Minneapolis condo owner thousands of dollars to remove a tank if the soil is contaminated so the cost of an inspection is money well spent.

Once your inspections are done if there are items that came up that could be negotiated, you will want to look at the possibility of re-negotiating the contract.


There is a lot of free information available to you about buying, selling or investing in Downtown Minneapolis Condos. 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 me, Mike Weiland with Edina Realty with any of your condo or mortgage related questions today. Call 612-735-6834 or email mike@mikeweiland.com.

P.S. For instant and unlimited free access to Downtown Minneapolis Minnesota mls property search click here to begin your search now!


Comments
Printer version

Related Posts