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Steve Duke
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    Years of Experience: 17

    Licensed CPA

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7 Questions to Ask Before Buying a Condo

I wish I would have followed this article’s advice before I got myself into a nightmare.  I learned after buying that there’s more to owning a condo than the condo.  Hopefully this article will help you to avoid a bad situation.

7 Questions to Ask Before Buying a Condo

RISMEDIA, May 21, 2010–You’ve found your dream condo, and you’re ready to relax among the mango trees and swaying date palms. Hold everything. To keep from getting stuck with a lemon, you’ve got to do some homework. Here are the seven most important questions you need to ask before buying a condo.

1. “What’s the Beef?”
Take a look at the minutes of the condo association board meetings to see what the owners have been griping about. If everyone was complaining about the faulty plumbing or the gardener’s absence, you know that the complex is having management difficulties. Even if there aren’t any complaints, reading the minutes will reveal the sorts of projects that are under way at the complex — projects the seller may have neglected to mention.

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http://rismedia.com/lowes/8355/8546

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