Tagged : Condo Buyers Guide

Found 1 blog entry tagged as "Condo Buyers Guide".

If you are in the market for a condominium, one of the factors to consider is the financial strength of the association - which you will be a member. It is an important step in the "Contract-to-Close"  process to review the Condominium Resale Documents and ask any questions of the association - especially around the financials.  In general, there are three main financial aspects to consider: 

1. Budget:  Review the monthly and annual budget for the association to determine how well they are managing assessments and monthly expenditures. Look for budget shortfalls and areas where future expenses might not be appropriately budgeted. 

2. Delinquent Owner Accounts:  As a condo owner, you will be responsible for making your monthly assessment. If other

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