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Keyword: CONDO

The questions I ask before anybody buys a condo

In a condo you’re not just buying the unit. You’re buying the financial and structural health of the entire building.

Condo · 13 points

Who it’s for

You’re looking at condos in Miami — Brickell, Downtown, the beach.

What’s on the list

  1. 1

    What’s the monthly fee, and what does it actually include? Water, cable, building insurance, valet, gym. Ask for the list, not the summary.

  2. 2

    Is there a special assessment approved, voted on, or even being talked about? Ask for the last board meeting minutes, not just the seller’s answer.

  3. 3

    How much is the association holding in reserves, and what exactly is that money earmarked for?

10 more points to go

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This checklist is general educational information for South Florida and is not legal, tax, insurance or financial advice. Official figures are printed with their source; always verify them for your own situation with your attorney, accountant and lender. Jordan Padierne, Realtor — eXp Realty.

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