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In addition to asking yourself and answering the 20 questions above, before you buy a condo, you also need to consider financial issues. To avoid facing a budget break or not being able to pay your mortgage and interest on monthly home loans, you should only choose condos which you can afford. To minimize risk, just buy a condo when you have at least 50% of its total value and other additional costs.
Source: FloridaRealtors
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