Consider amenities (pool, gym) versus costs, location, and parking.
Review meeting minutes for the past 1–2 years to identify upcoming repairs (roof, windows), complaints, or potential lawsuits.
This document provides a snapshot of the unit's legal and financial standing. 5. Make an Offer and Negotiate how to buy a condo
High owner-occupancy (rather than renters) usually indicates better maintained property and makes financing easier.
Buying a Condo - What should I be asking/looking for? : r/halifax Consider amenities (pool, gym) versus costs, location, and
Note that condo financing is different from house financing. Lenders will evaluate the financial health of the entire condo association, not just your credit score. 2. Hire a Specialist Real Estate Agent
Look for a healthy reserve fund (a good rule of thumb is at least 25% of gross income in reserve) to avoid future special assessments. : r/halifax Note that condo financing is different
Review the Covenants, Conditions, and Restrictions (CC&Rs) for pet restrictions, renting rules, and parking restrictions. 4. Review Condo Documentation (Crucial Step) Before finalizing the purchase, you must review: