Red Flags When Buying A Condo at Buying

Red Flags When Buying A Condo. One of the red flags in condo documents is a result of not considering the surrounding neighborhood. What are the questions to ask when buying a condo?

Scope out the neighborhood carefully. Festering financial issues, or those that go undetected for long periods, can do great damage to the financial health of your hoa or condo association. I just spoke with a broker who informed me that the building management company declared bankruptcy after the 2007/2008 crash and that therefore i would basically not be able to find a bank.

522 10 Renaissance Square, New Westminster, BC

It is possible that when the building was being built, construction was rushed in order to have the buildings be up quicker. Association red flags if you’re looking to buy a condo, you’ll need to read up on the complete buying checklist we’ve provided in our previous blog. This could lead to hazardous parts throughout the building and cause more expenses later on. This could lead to hazardous parts throughout the building and cause more expenses later on.