Other Items to Consider when Purchasing a Townhome/Condo: What if you were a single owner and wanted to rent out one of your rooms? Say you had a truck and a car and both would not fit into the garage. Could you park one in the driveway or guest parking spots overnight? How many days could guests stay over? All of these and more are covered in the documents you receive during this 10-day review period.
Should you discover items in the resale disclosure package that makes you rethink your purchase, you are allowed to cancel the purchase and receive your earnest money back. You must ensure at the beginning however that the association is part of the Minnesota Common Interest Ownership Act. Or just ask your Realtor.
For more information about purchasing townhomes in the greater Minneapolis area, contact Realtor Dan Kokesh.