Condo Advice - Asking for a Friend

[Michael Peralta]

Hi BP Community,

My friend is looking into purchasing a condo. Before she put in any offers, she would usually ask to get more information from the building association (financials, recent repairs, any delinquent HOAs). However, she noticed that many associations are unaware or unwilling to provide that information.

Is there a way she properly request this information? Are there other factors she could look into when purchasing a condo? 

Next time, I'll force her to create a BP account! :)

[Chris Seveney]

Michael Peralta
Typically this is only provided after an offer is accepted and it would be a contingency to review the financials of the HOA. Typically HOa’s by law have to have a sellers package that they can charge up to a set fee for these documents and provide as part of a real estate transaction