Standard home inspections often only cover the unit interior. For a condo, you must look at the "big picture."
: Request the last three years of financial statements and HOA meeting minutes. Watch for repeated complaints about broken items (deferred maintenance) or lawsuits.
: Condo financing is stricter than for single-family homes. Lenders evaluate both your credit and the building’s financial health.
: Even without land ownership, you pay real estate taxes. You will need a personal HO-6 insurance policy for your unit's interior.
How to Buy a Condo: Ultimate Guide for Buyers - The Hollinden Team
: One-time fees for major repairs like roofs or elevators. Phase 2: Due Diligence & Inspections
Standard home inspections often only cover the unit interior. For a condo, you must look at the "big picture."
: Request the last three years of financial statements and HOA meeting minutes. Watch for repeated complaints about broken items (deferred maintenance) or lawsuits. we buy condos
: Condo financing is stricter than for single-family homes. Lenders evaluate both your credit and the building’s financial health. Standard home inspections often only cover the unit interior
: Even without land ownership, you pay real estate taxes. You will need a personal HO-6 insurance policy for your unit's interior. we buy condos
How to Buy a Condo: Ultimate Guide for Buyers - The Hollinden Team
: One-time fees for major repairs like roofs or elevators. Phase 2: Due Diligence & Inspections