03-15-2010, 01:45 AM
Hi,
My wife and I are first time buyers and we have had an offer accepted on a beautiful 2 bedroom condo.
Trying to learn as much as possible about condos, brownstones etc, but I do have a few concerns
about this place!
It is a 3 unit, self-managed building. We got the finances and they are currently about $500 in the
black. The building was gut renovated about 10 years ago and my broker and attorney assure me
that since it has such minimal costs the finances are in good shape. Also, there are no assessments
on the horizon.
Is that a typical sort of scenario?
_____________________
Real Estate Contract
My wife and I are first time buyers and we have had an offer accepted on a beautiful 2 bedroom condo.
Trying to learn as much as possible about condos, brownstones etc, but I do have a few concerns
about this place!
It is a 3 unit, self-managed building. We got the finances and they are currently about $500 in the
black. The building was gut renovated about 10 years ago and my broker and attorney assure me
that since it has such minimal costs the finances are in good shape. Also, there are no assessments
on the horizon.
Is that a typical sort of scenario?
_____________________
Real Estate Contract