We Buy Condos [ 2024 ]

Standard home inspections often only cover the unit interior. For a condo, you must look at the "big picture."

: Lenders often reject buildings with too many rentals (investors), ongoing lawsuits, or low occupancy. Seek out FHA-approved communities if using an FHA loan, as many complexes do not qualify. we buy condos

: One-time fees for major repairs like roofs or elevators. Phase 2: Due Diligence & Inspections Standard home inspections often only cover the unit interior

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

: Your budget must include more than just the mortgage. Account for: Monthly HOA/COA Fees : Typically $200–$800+.