Buying, selling or living in a condominium community is a unique experience. Unlike a standalone home, a condominium community is a like a small town, with rules, regulations, fees, fine and politics. Learning all you can about that town will serve you better in the long run and help you make informed decisions in buying, selling and living in that community. With that goal in mind the following resources are provided for you use.
These suggestions and insights are authentic and not general by AI, sales gimmicks or get rich quicks schemes on the internet. They have been earned and learned by 0ver 50 years’ experience in apartment management, remodeling, and real estate sales business. Plus, 30 years’ experience in managing a wide range of Condominium (Commercial and Residential) properties and Home Owner’s Associations. Hands on, 24/7 365 days a year.
Finding that perfect affordable condominium that fits your stage in life and lifestyle requires you to do your own research and investigations along with the help of experienced condominium real estate professionals.
Desirable units at the right price and location are not always readily available. So patience will be a key habit to nurture in your quest to find that gem of a property. Once found, You will have to exercise your due diligence in the areas of :
Total cost of ownership
Financial health of the community
Master deed, rules and regulations
Amenities, life style and environmental concerns
Maintenance issues of both your unit and the community as a whole.
The legal history and governance of your selected community also needs to reviewed
Additionally, you needs competent assistance in:
Price negotiations, terms and conditions
Property inspections and remedial repairs
Appraisal and adequate financing
Last minutes glitches, applicable paperwork as required
Check out our buyer resources to help you along in this process
It's time, you made the decision to sell your condominium. If you're using a realtor, a good one will have a long list of activities they have to perform to market, and sell your unit (Up to 200 individual steps). While your focus is mainly on:
How much commission will I have to pay to sell my Condominium?
How do I get the best price for my condominium in the current market?
How long does it usually take to get a good offer?
What do I have to do to help the sale?
Will the sale survive the dreaded property inspection report?
how much work it will take to move out?
Check out our resources to help you optimize the selling experience
Seasonal and perennial issues dictate the rhythm of condominium living. Along with the occasional crisis from time to time.
Board members (new and experienced) and individual owners have to acquaint themselves with various managerial tasks and government mandates that condominiums deal with as legal entities sanctioned by the state.
Such as:
Financial audits, budgets, and collections
Reserves and special assessments
On going maintenance and special projects
Contracts and contractor oversight
Current regulatory compliance and new legislation
Staffing and personnel matters
Mandated Dispute Resolution
Elections, rules and regulations, legal matters, etc.
Have a at look our guides to add to your toolbox of skills
Our mission is to provide a forum for discussion and provide you with tools and techniques to make you a more knowledgeable Condominium Buyer, Seller, Owner, and Board Member. Vendor and Service providers are welcome as well. The site is community-based and focuses on sharing information, timely advice, and lessons learned. Thanks to you all for your participation
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Although the information provided by Cond Wise Workshop is the result of input by both professional and expert real estate participants and owners of condominiums, The content provided is for general informational purposes only. It is by no means intended to imply an individual client business relationship with the reader/user in any shape or form.
The content and information provided should not be considered specific to your particular real estate needs, problems, or concerns, and is not to be used as substitute for competent consultation from a professional occupation that services the real estate industry.
It is highly recommended that the reader/user seek out professional real estate advice and consultation from certified real estate agents and brokers, licensed attorneys and professional accounts and other certified professional related to the real estate industry for all of their individual real estate transactions and activities
Codo Wise Workshop is not liable for any damages or loss that the reader might incur by the reader/user for not seeking professional advice and, for any action taken or not taken as a result of the information provided by the content of Condo Wise Workshop
