: Request the last three years of financial statements and HOA meeting minutes. Watch for repeated complaints about broken items (deferred maintenance) or lawsuits.
: Hire an inspector who specializes in condos. Ensure they check electrical, plumbing, and shared systems like elevators or roofs if possible. Phase 3: Lifestyle & Rules (CC&Rs) we buy condos
: Condo financing is stricter than for single-family homes. Lenders evaluate both your credit and the building’s financial health. : Request the last three years of financial
: One-time fees for major repairs like roofs or elevators. Phase 2: Due Diligence & Inspections we buy condos
: Review the association's reserve fund study . Ideally, the fund should be at least 70% funded to avoid sudden special assessments.