i have been looking at condos and several in a complex that i was told wasvery nice have been on the market
for months, and have had numerous price reductions. i'm beginning to think that maybe there are problems in the association that aren't outwardly obvious but that insiders may know about and are staying away. how do you get the insiders information?
Wed Nov 7 2007, 12:39 - 02050 - Home Buying - 4 answers
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I have the same questions as you. I just think it is the market at the moment. I'm am very curious as to the difference in assessments between Ocean Place and Horizons condo complexes. I haven't asked any of the realtors due to the fact that I don't want to waste their time as my house has not yet sold.
Thu Jan 17 2008, 03:28
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Hi Dsmith, I agree with Chris. This market is very slow. Without digging too much, I think the issue is more of a market issue than an issue with the condominium complex itself. Good luck, Jon
Thu Nov 8 2007, 11:42 Web Reference: http://www.bowenboston.com
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Don't be too scared off by the days on market and price reductions. On much of the South Shore because there is so much inventory and few buyers, the market time is still longer than normal. As a result there are more price breaks. Having said that, you still must do your "due diligence" when you decide to pursue a condo. Your buyer's agent should request the usual condo docs (rules & regs, master deed, etc), but you should also review the association meeting minutes for at least the last six months. The meeting minutes will note any upcoming issues that have been discussed. If you're curious about condo sales acitivty in Marshfield, check the link to my blog where I have posted condo sales activity throught September. If you'd like a more comprehensive report for Marshfield or surrounding towns, just shoot me an email and I'll be happy to prepare one.
Wed Nov 7 2007, 14:57 Web Reference: http://activerain.com/blogs/chrishead
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FIRST ANSWER
Are you working with an agent? You can ask the listing agent for information regarding the HOA association. Or have your realtor call and ask a bunch questions and poke around. Good Luck!
Wed Nov 7 2007, 12:42
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