Downtown Minneapolis Condos - The Purchase Document For Investors by real estate expert Mike Weiland 

It is very important to protect yourself when you are purchasing a Downtown Minneapolis Condo. One of the ways that you can do this is to make sure that you know what should be in your purchase contract and that you are satisfied with everything in it. In our discussion today, we will be discussing some of the parts of the purchase contract.

Names on the contract

Make sure that all of the parties that are involved with the transaction are clearly named in the contract. This includes all partners and spouses. You must make sure that you negotiate your agreement with all parties that have ownership in the Downtown Minneapolis Condo. If you can’t speak to all parties, then it is best to stop the negotiations until you can.  

Description of the land that the property sits on

Make sure that you have the proper street address and the legal description that is spelled out in the deed. Make sure that you have walked all over the property in the Downtown Minneapolis Condo and also measured the boundaries yourself. Be sure that you know where you property lines begin and end

Description of the building

Make sure that you specify any specifics of the condo in the agreement. This would include such things as the age, specific designers of the condo etc. If the seller has stated something specific about the Downtown Minneapolis Condo, make sure that it is true and then include that in the agreement.

Personal property in the condo

When we speak of personal property, this is property that is left to the buyer and is defined as property that is not permanently a part of the condo. This can include such things as air conditioners, blinds, appliances and ceiling fans. Make sure that all of this is listed separately in the agreement. You want to make sure that you state whether that is included in the Downtown Minneapolis Condo or that you are going to purchase it separately.

These are just some of the items that should be a part of your purchase contract. In later discussions, we will add to this list.

There is a lot of free information available to you about buying, selling or investing in condos. For complete information about the condo market including current condos for sale, property values and more please visit the most complete website online dedicated to everything Downtown Minneapolis Condo at www.livingindowntownminneapolis.com. Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at 612-735-6834 or email me at mike@mikeweiland.com.  

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 condos lofts for sale, values, and more please visit the most complete website online www.LivingInDowntownMinneapolis.com dedicated to everything Downtown Minneapolis Condos.  Contact Mike Weiland & Elke Stephan of The Weiland Group of Keller Williams with any of your real estate or mortgage related questions by filling out the form below.

P.S. Free weekly list of Downtown Minneapolis Condos including private listings and foreclosures in the most popular locations call the 24 Hour Recorded Information Hotline Now for details...1-888-391-9039 Ext. 126 or visit www.LivingInDowntownMinneapolis.com