DO NOT BUY A CONDO IN FLORIDA!

You need to know these things before you buy a condo in Florida. In this video I share some very important tips for buying a condo. If you are thinking of buying a condo in Florida and don't already have a Realtor please reach out to me and I will be happy to help.

Paul G. Lykins
Broker Associate
True Floridian Realty
Direct: 561-877-3074

Ready to find your piece of paradise? Let's connect!

Disclaimer: I am not a lawyer, CPA, or financial advisor and any info in this or any of Palm Beaches Paul's videos are my opinion only and for entertainment purposes only. I am a licensed Florida Realtor (BK-3265266) and can only advise you about buying or selling in the state of Florida; however, I can refer you to an agent in your state if needed. Do not base your decision to buy or sell real estate solely from watching any of Palm Beaches Paul's videos and always consult a licensed professional or lawyer.



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[SeanFlorida]

Something people really need to think about. After you work very hard and pay off your mortgage on a condo, and if you live in Florida, the HOA is something that needs to be paid FOR-EV-ER. Basically the lifetime you own the condo. So think and research carefully when you get locked into a HOA that seem like a great price when you move-in. I've seen HOAs start at $300 and now they are over $800-$900, not including property taxes! Some are over $1, 100 as you get towards Miami and upscale areas in Palm Beach too. Paul is correct.

[curtandoscar]

Hi - enjoyed your video. People need to also be aware of condo INSURANCE costs which can be high in Florida, even if a property is not near the coast. I called a local insurance agent to get an approximate quote on a few different Fla condos, and was grilled about flood zones, something called "roof clips", a phrase I had never heard before in my life, exactly how far the building was from the coast, sink holes, the last time the roof was replaced, hurricane shutters and hurricane windows, and the like. The quotes I was given were rather eye popping to say the least.

[mikethomas]

I bought my condo in palm beach county about 5 to 6 years ago. It’s now worth double of what I originally paid for it. My hoa is affordable, the community is gated and I am close to the beach. I don’t think it’s a bad idea to purchase a condo.

[-riya_chxn-]

The sun and warm weather here is such a blessing!

[markswishereatsstuff]

I inherited a condo in Ocean City, MD. that's a real albatross. I'm a big proponent of hotels so I can travel and not be tied to one destination long term.

[lauradecrausaz]

Multigenerational homes are starting to come around. Do you have anything like that?

[annamelanie]

Your first concern should be the quality of building construction. Between the sinkholes, hurricanes and sea rise, Florida is risky.

[dawannwilliams]

Great informative video. We are looking to buy a condo in Florida to use as snowbirds when we retire in a few years. We live in a Northern state that’s not tax friendly as far as retirement. We were thinking maybe near Orlando so that we can rent it during the summer months and holidays. Living near the beach would be great. However as you pointed out there are additional costs. This information was helpful if your looking to buy a condo in Florida. Thanks for sharing

[nicoles]

Thanks for all the info. It’s very helpful. I’m thinking about moving to Palm Beach from California. (😂 I’m one of the nice ones). I either-buy a house or condo but after hearing all these rules, it makes me feel like a renter rather than a owner where I can be free to do with I want with my home. I will mostly like Lerner first, get to know Florida and decide where I like. Thanks again for the info

[Debmun]

Another great video. Much needed information that I didn't know so I'm very thankful. Im currently in Texas so I'm use to hurricanes but WPB will be my future home. In the preparation phase.😁

[MIRAJADESIGN]

Watched a bunch of your videos. Appreciate you skateboarding. Just realized you remind me of Chevy Chase except you aren’t telling jokes! 😀 Keeping it legit.

[leezaweezy]

I’m a Canadian (from Quebec). Seriously thinking of buying a condo in Florida as a vacation home

[JUUIGDWEZX]

thanks for the video but i'm flat broke..sad

[Prewittfit]

Hi Paul, you most be busy, it's been a while. The video was good timing for us, very informative as we continue to do our research. Thank you.. We are getting excited to come down middle of feb thru end of March. Have a blessed CHRISTmas .

[onedirection]

Very informative content!
Do condos typically have in-house maintenance or handyman service? Let’s say your washer or dryer stops functioning or plumbing problems?
What type of security is typically offered if you are away for several months like a Snowbird or vacationer? What would happen to any mail or packages?

[juliejensen]

The heading says don't buy a condo? But u do like them. Thank you for your advice always.

[diannh]

I need to sell my condo so I dislike this video. However I totally agree with you after what happened with Surfside and new laws that are coming that will result in giant assessments.

[stevegiblin]

Great Info again! Steve from Boston. You tell it like it is!

[jayarr]

It’s gonna cost a lot more from now on. $ 100, 000 assessments to make them safe will be happening often.

[tossitupman]

I feel a bit overwhelmed, my research shows these condos monthly payments being just as high and rent. I'm using zillow but I'm not sure if that's a good way to look