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Updated almost 6 years ago,
Condo Questionnaire + Financing
Hi BP!
My apologies for the newbie questions, I'm just starting out. I've found a condo property that I am passionate about and the numbers work out, however, the seller is not interested in speaking with me unless I have a pre-approval from a lender or proof of cash. I'm going through my lender and they're requesting a condo questionnaire, a copy of the current budget, and a master insurance policy. The property is a 1B1B first floor condo in North Fort Lauderdale, FL at $59k with rent in the area of about ~1100/month.
My questions are,
How does one complete a condo questionnaire, is it the buyer's responsibility, real estate agent, or seller's responsibility?
Do I need to find an insurance policy before I even secure financing or own the property?
Any advice would be appreciate! Thank you so much.