Look beyond the unit itself. A condo means buying into an association that controls spending, reserves, and rules. With six-figure special assessments now common in aging Florida buildings, vet the finances and lock down who pays before you sign.
#video-what-do-i-need-to-look-for-when-buying-a-condo#
Understand What You Actually Own in a Condo
A condo purchase is not just four... Get the association documents before you go under contract, or as early as possible once you do. Florida law gives buyers a right of rescission if those documents are not delivered within a specific time frame. Beyond that legal protection, the real risk is financial. Special assessments in South Florida condos now regularly run $50,000 to $200,000 per unit. The only way to see...What do I need to look for when buying a condo?
What Should You Know About Condo Association Rules Before Buying?
Watch Complete Videos on COA FAQs
