We Buy - Condos

: Review the association's reserve fund study . Ideally, the fund should be at least 70% funded to avoid sudden special assessments.

: Condo financing is stricter than for single-family homes. Lenders evaluate both your credit and the building’s financial health.

: Even without land ownership, you pay real estate taxes. You will need a personal HO-6 insurance policy for your unit's interior. we buy condos

: One-time fees for major repairs like roofs or elevators. Phase 2: Due Diligence & Inspections

Before touring, you must determine if the building's finances match your own. : Review the association's reserve fund study

Buying a condo is more than just purchasing a unit; you are buying into a shared financial and legal entity. Unlike a single-family home, your investment's health depends heavily on the collective decisions of your neighbors and the board.

: Your budget must include more than just the mortgage. Account for: Monthly HOA/COA Fees : Typically $200–$800+. Lenders evaluate both your credit and the building’s

: 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)