Return to article: How to Buy a Condo or Co-Op Apartment
on 11/22/2005 Having owned and lived in a condo for 15 years, I have two warnings: Check out the condo board and the management company before you buy. They can be dictators, self-serving, and cost you money and grief. Ask lots of other owners and real estate agents.
on 11/22/2005 Ask about any lawsuits against the developer or the association in the past of contemplated in future. In the case of the Co-op, find out about the existing financing. Ask if a Co-op interest can be financed separately as a partial interest.
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