Pay Attention to Red Flags When Evaluating a Condo.
When evaluating the advantages and drawbacks of a particular property, be sure you know the difference between acceptable and unacceptable problems. Some issues-peeling paint, worn carpeting, ugly wallpaper-are cosmetic and can be easily remedied. You can even use these "problems" during negotiations to lower the asking price. After all, you'll need to spend money to bring the condo up to snuff. Make careful note of the issues you observe that can be used to your advantage. Don't nit-pick, however-if taken to extremes, you could end up alienating the seller and creating a hostile atmosphere.