Before we buy this condo-?

Posted: Sun, Jun 03 2012, 12:18 am Post subject: Before we buy this condo-?

What should we find out or ask?

Is it legal to ask who else is buying (it's newish condos, been rented for 2 years prior)? Neighbors make a difference and I'd like to know who else will be living there.

They told us that all condos are selling for a certain price-firm. Does that mean that out offer needs to that exact amount? What is the point of an offer if it's exactly the asking price?

We need to make a decision on this pretty quick- I need to do quick investigating, please help!

Platinum Member Joined: Jan 01 2006 Posts: 48153

If you're using a lawyer and broker, ask them not us.

Posted: Sun, Jun 03 2012, 11:01 am Post subject: re: Before we buy this condo-?

I am asking what questions to ask the previous owners and the agent. By the time I contact a lawyer it will be because we're interested and have given an offer.

I am having a meeting with the agent to ask my questions and I want to know what I should ask...

Anyone who bought a condo could help me? What were you're concerns before you bought? (aside for financial)

Posted: Sun, Jun 03 2012, 12:23 pm Post subject: re: Before we buy this condo-?

We just bought a condo. Def. good to ask about who lives there and who is moving in. If the agent won't/can't say, try to chat with people who live in the building. That's what we did.

A for putting in offer, we were told they wanted at least a certain amount, but we still asked if they would take less. In the end, they did come down a little. If they're not willing to negotiate, there's not much you can do, just pay what they're asking I guess. Hope this helps and hatzlacha! Smile

Posted: Sun, Jun 03 2012, 12:40 pm Post subject: re: Before we buy this condo-?

Op here:

How would I know if they're willing to go down? They set the price at $xxx,xxx firm. Should we give in an offer of a bit lower or will we lose the condo?

Any other questions that are important to ask?

Posted: Sun, Jun 03 2012, 12:41 pm Post subject: re: Before we buy this condo-?

Ask what the various by-laws are. Many condo associations don't allow mezzuzzahs on the doors and don't allow Sukkahs to be built.
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