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Re: Help with purchase Dutch side
[Re: Buddyhog]
#247882
02/19/2021 11:40 AM
02/19/2021 11:40 AM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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A US attorney would be of ZERO assistance to you. I don't know the answers to the rest of your questions, but suggest you do a lot more research into things before you get much further. The term is "fee simple", not free simple, but not sure that term really applies in SXM. Government long lease also would have nothing to do with you, purchasing a condo. I know some of the companies do a presentation of a couple hours to give out more info, which you should look into.
Carol Hill
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Re: Help with purchase Dutch side
[Re: Buddyhog]
#247894
02/19/2021 01:17 PM
02/19/2021 01:17 PM
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Joined: Sep 2003
Posts: 18,583 St Maarten
BillandElaine
Traveler
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Traveler
Joined: Sep 2003
Posts: 18,583
St Maarten
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Do your own due diligence about the property developer and the HOA. Don't leave it up to the notary or broker.
Elaine ********************************* God Bless the broken road....
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Re: Help with purchase Dutch side
[Re: Buddyhog]
#247949
02/20/2021 11:17 AM
02/20/2021 11:17 AM
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Joined: Jan 2010
Posts: 916
badbenni
Traveler
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Traveler
Joined: Jan 2010
Posts: 916
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Kim seemed very naive when she bought her condo. Before we bought , we checked out the builders reputation. Once satisfied , location is very important and what security measures are there for your safety. Checking to meet some of the other owners may be very helpful in making your decision and asking a lot of questions as to the association etc. The places you are looking at to buy are 1st class properties but knowing who will be your neighbors are is important Etc Etc . All of these are legitimate questions . Do they have dogs? do they have children, etc. is important. A noisy neighbor or barking dogs or cranky neighbor can make you think twice as to the unit you would buy. How many assessments have they had and how much insurance coverage does the association have on the property are important questions. Does planes taking off or landing bother you day and evenings. Once you have done your DD and are happy with the results ; then buy.
Last edited by badbenni; 02/20/2021 11:21 AM.
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Re: Help with purchase Dutch side
[Re: badbenni]
#247957
02/20/2021 01:14 PM
02/20/2021 01:14 PM
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Joined: Sep 2000
Posts: 4,705 Newtown, CT
kim
Traveler
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Traveler
Joined: Sep 2000
Posts: 4,705
Newtown, CT
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Naive kind of, but not in the due diligence, just when I was diagnosed with cancer before we were closing it kind of rushed things. I had to start radiation, had a kid planning a wedding and another doing the college tours, so in hindsite should have walked away at the time, but the only true mistake was not doing a walk through prior to closing - biggest mistake we made. I spoke to many owners, stayed there multiple times, it had been open since 1979 and since I had been visiting the island since 1983 knew exactly what I was getting into. It was just bad luck that Irma hit 3 months after purchase and I was dealing with medical issues and and our upstairs neighbor had just purchased down the road at Shore Pointe and was now renting out his unit. Im fortunate, I made 8-9 trips down in 2019, 2020, not so much. Hoping for a better 2021!!!!!!
Last edited by kim; 02/20/2021 01:16 PM.
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Re: Help with purchase Dutch side
[Re: badbenni]
#247958
02/20/2021 01:37 PM
02/20/2021 01:37 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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benni--Your points are well taken with regard to your neighbors, but what's to keep people from selling their unit the next month, or renting it out? Are there any rules within various condos that you are aware of that prohibit people from renting out their units?? I know that there is at least one unit in the complex that you live in that rents out units, as I have seen the unit online.
Purchasing a condo has advantages in terms of exterior maintenance, etc., but problems with neighbors may be beyond your control.
Carol Hill
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