We Buy - Condos

How to Buy a Condo: Ultimate Guide for Buyers - The Hollinden Team

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

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

: 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.

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. How to Buy a Condo: Ultimate Guide for

Before touring, you must determine if the building's finances match your own.

: 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) : Lenders often reject buildings with too many

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