CategoryTips for Prospective Buyers

Three Reasons to Buy in an Established Condo Association

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When you are Condo shopping, there’s a tendency to want to see the newest and best construction.  New buildings will have the most modern building codes, may be Leeds certified and environmentally friendly, and feature dazzling amenities.  All of these are good things.  However, if you’re an informed Owner, you know that a Condo is more than just the building – it’s the Association, the...

Types of Prospective Condo Buyers

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Buying a new property is an exciting time.  Whether you’re a first-time home buyer or an experienced veteran, nearly everyone loves shopping.  Buying a Condo is different; you’ve got a lot to look out for, whether you’re buying a new Condo or conversion.  In the era of the internet, the information a buyer needs is out there.  The question becomes – does a prospective...

Three Things No One Tells Prospective Condo Buyers

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Buying a new home is always exciting.  Condominiums are often ideal for people who have smaller (or no) families, don’t want to have to directly worry about maintenance, or desire the prime geographic location of a Condominium.  While Condos are a great investment for many people, they also include challenges and potential downsides that most people aren’t told or don’t know about.  Here...

Tips for Working With a Realtor When Buying a Condo

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Whether you are a first-time buyer or not, there are a lot of nuances to be aware of when buying property.  Beyond the norm – of which there are many lists, including this one,  and these two, you’ve got a lot to consider in making the right choice.  In addition to deciding if the property is right for you, you need to decide if the Association is right for you.  One resource that...

What Condo Bylaws Matter the Most

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Everyone gets a copy of their Association Bylaws both when they put an offer in for a Condo and after they close.  Too often, this is the first and last time Owners think about their Bylaws – until the Association does something they don’t like.  People don’t fully appreciate (and perhaps, real estate agents don’t fully make clear) the depth of the legal covenant you’re agreeing to when you...

Four Things to Know Before Buying a Condo Conversion

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So you’re ready to buy your new Condo, and you already read my previous article here.  However, you just learned that your new Condo is a “Conversion.”  This is where a Developer buys an apartment building and turns it into a Condo.  A building may have a prime location where it is profitable for a Developer to buy the old property and flip it into Condos.  Buying a condo conversion is more...

Four Things to Watch Out for When Buying a New Condo

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Buying a new condo, whether the building is newly constructed or a conversion is a goal for many buyers – for starters, the condo has that “new car smell.”  There are many good lists out there for tips on buying Condos in general – here’s a recent one I really liked – but new construction (or conversions) carry additional risks that you should be aware of...

How to Identify what Maintenance you are Responsible for in a Condo

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In all likelihood, you pay a ton of condo fees every month, and that makes you think, “My maintenance is covered, I don’t have to do anything!”  This may be a dangerous and incorrect assumption.  Like everything else in your Condo life, what is and is not covered is completely dependent on what is in your Bylaws.  You may, in fact, not need to worry about anything.  On the other hand, you might...

Who are the Players in a Condo Association?

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I refer to the “big three” of condo associations often: Owners, Board, and Management.  As a point of intent, this blog is expressly targeted at providing advice to each of these groups and how they deal with each other.  But who are they, and what do they do?  Here’s a quick breakdown of the players in a condo association. Owners These are the individuals who own a condo and make up the...

Four Tips to Being a Responsible Condo Owner

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Living in a Condo means that you have to be a responsible condo owner in you Association.  Many of the most common issues I see as a Board member are because people don’t follow these basic rules.  Who can blame them?  Associations are nebulous things — there to be ignored until you have a problem, want something from them, or they want something from you.       That’s one way to look at...

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