– Ask about occupancy. If you plan to rent out your condo, make sure it’s allowed under the rules. Likewise, you may want to know if you’ll be sharing space with temporary renters. – Look beyond the unit. Some questions you may want to ask include: Is the building well...
Top Condo Selling Suggestions
Have all the founding documents and rules from your condo board or association. There may be limits on who you can sell to and you may have to get pre-approval to do so. It is best to find this out in advance so you can plan for it. You will...
Executive Summary
There is a lot of paperwork to sit and read over when buying a condo. A LOT. It is usually required that an Executive Summary be provided to summarize the declarations, rules, and bylaws of an Association. It helps as a 'Cliff Notes' version of representations about the Association. In...
Possible Perceived Challenges
Buying in to the condo lifestyle may have trade-offs that only you can decide if best – Price. Depending on where you live, the purchase price of condos might exceed that of a freehold property that you find suitable. Moving to a condo doesn’t necessarily mean downsizing to a cheaper home...