5 Tips - Condo Buyers Beware | Condo Buying Mistakes to Avoid | How to Buy a Condo | Buying a Condo

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[Tuturu]

This might be the first video I’ve seen that actually explains in depth about reviewing condo association financials rather than generic statements like “review their finances”. Love the specifics, thank you!

[views]

I make 50k a year and really looking to get a property to finally be on my own. I’m thinking a condo to start off but the hoa fees scare me. I’m hoping the community I find has a gym at least

[StephanieShavone]

Great video. My husband and I just closed on our condo. We did receive condo docs when we entered into contract. Like the financials, inspection report and minutes from their meetings. When we first did a tour of the condo, we saw a lady out watering her grass and we of course went to ask her so questions about the condo and the community. So far, so good Hoping it stays this way but we don’t plan to stay here for long anyway. It’s really a starter home for us😊, our condo fees are $300/month (we have a pool)

[treyatl]

Before I even watch, I know one of them is going to be HOA/community fees.... Condos may seem like a good deal, but when you add in the HOA fees (for some), it would be cheaper to purchase a house and pay for lawn service. And even if you do find one that has reasonable fees, that may be the case now but what about 10 years from now?

[lindahamlin]

I just looked at a Condo Thank You For The Info

[Desaved]

Nice job! Great detail! That's really helpful.

[melodiecolquhoune]

Oh wow thank for the information I was planning on buying a condo change my mind

[lauragibbs]

Great, useful information. Thank you.

[cor]

Thank you so very much for posting this video. I live in NYC and am planning to purchase a condo, both here and in Florida, in the next 6 months. The information in this video, has really opened my eyes and now I can do my due diligence before making a purchase. Thank you so much and I will be viewing all your videos, so I can be well informed. Again, Thank you.

[simpleme]

I needed to hear this, thanks..off topic your hair is so pretty and healthy.

[rubenmckinley]

Thank you! Your channel is very helpful and you explain very plainly.

[khalil]

Everything you mentioned, I did not think about. Glad I tuned in! Great video

[Getcho]

Great video! Thanks you! Also love your fashion!

[ivufit]

This is very resourceful information. Thank you for taking time to go in-depth and composing this great assessment!

[richardcheatham]

Exceptionally helpful video covering areas I'd not considered in this early phase of condo consideration. Thank you so much. Richard

[MidRiseLiving]

Great tips on evaluating the HOA documents including the meeting minutes. 👍 unfortunately here in Southern CA lots of the documents handed over (and the seller had to pay $1, 000 for) don’t even have updated documents and the minutes are from last year. 😢

Just found this video on my feed and gotta admit your channel has given me #goals thanks for the inspiration

[danielbernard]

That was great advice. Lots of things I didn't think of. Thank you.

[MouseOfTerror]

One of the best videos on the subject. You hit all the points on what to look out for when buying into a condo. I was unaware that special assessments were negotiable at the time of sale. As you said, getting the most meeting minutes possible is one of the most important things to look at to ensure that the condo, and it’s governance, are operating well. If the reserve fund study is out of date then it likely isn’t accurately estimating upcoming repair costs, if it identified it at all. Reading the minutes gives an up to date view on the major and minor issues the condo is dealing with.

Also, google search everything including the condo, property manager, the developer, board, and current or past legal cases against the condo, or worse against the developer if there are potential issues with the building (wherever your located it may be easier or harder to find that info).

[itsmelisalee]

This video was incredibly helpful. Thank you for sharing.

[letakeokuk]

Great information and ✌🏾short and to the point….