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Condominium Purchase

Feb. 16, 2016

When you are purchasing a Condominium unit , it is very important that you carefully analyze the documentation for that development such as the Master Deed, By-laws and most importantly the physical statement and annual budget.

It is important that you see how many of the condominium unit owners are current with their dues. Your particular unit may be perfect, but if the association is in trouble, you could be buying into a money pit with their requirement to offset and be responsible for the dues requirements that are in arrears.