View Single Post
Old 08-09-2016, 01:58 PM   #49
GusMan
Senior Member
 
Join Date: May 2004
Posts: 134
Thanks: 1
Thanked 45 Times in 26 Posts
Default Real Estate Speak.....

Hi All,

Just as a cautionary tale......

This appears to be quite the nice property for short money... but notice a few things.....

Most importantly... the language specifying "your" dock just steps away. Looking at the picture of the dock.....How many Winnie size boats do you think would fit on that dock? Maybe 4?.... assuming there's deep water near shore... you are buying unit number six..... how is the dock space allocated? If it's not explicitly in writing..... run away.

Next? This is a modestly priced stand alone condo.... Taxes are $4600.... what about condo fees? Nothing noted.

Finally ... electric service is only 100amps.... barely acceptable ....

Asking price is the first consideration, but certainly not the last. Sorry for being somewhat negative... but as someone who's been through 2 lakes region RE transactions (in both cases the Realtors were less than forthcoming) I'd be extremely wary of deals that seem to be too good to be true.

Good luck!

Gusman
GusMan is offline   Reply With Quote
The Following User Says Thank You to GusMan For This Useful Post: