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Blythe, Home Buyer in Dearborn, MI

how can i learn the condo association fees?

Asked by Blythe, Dearborn, MI Mon Jul 16, 2007

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In Michigan you have 3 days to read the association documents on a condo. When you write an offer, make it contingent review by you and a attorney to review. The monthly or yearly fees should be on the listing agreement. If they are not your Buyer Agent should do the reasearch for you. Association fees vary on the ammenities offered in each home owners association.
Web Reference: http://MissyCaulk.com
1 vote Thank Flag Link Mon Jul 16, 2007
if you need to know the condo association fees simply contact a realtor or ask a neighbor in the neighborhood, realtors can pull it up for you with in seconds, to make things easier if you are ever in a situation like that just send me a text at 313-910-2918 or an email at dsmborland@yahoo.com and ill shoot you the info back with in 24 hours.



Dylan Borland,
Coldwell Banker Preferred Realtors
Wayne and Oakland county Michigan real estate
website: http://www.esuoh.com
Web Reference: http://www.esuoh.com
0 votes Thank Flag Link Sun Sep 28, 2008
It should be on the listing ticket. If not, try calling the listing agent to find out. Here in Michigan, my office requires a condo addendum that gives the purchaser 10 days from seller acceptance to review the Condo Bylaws. If for some crazy reason the listing agent does not know, you can find out from him/her the Property Management company that runs the condo complex and then call them for the answer.
0 votes Thank Flag Link Thu Aug 30, 2007
When I write a purchase agreement we always have a contingency period for review of the condo documents. This includes the bylaws and financial statements. I've encouraged clients to talk to members of the board to find out about upcoming but unannounced special assessments. These are all important things to investigate, as well as checking up on association fees. The contingency period can last as long as is negotiated, but I usually put 7 days AFTER receipt.
Web Reference: http://mioaklandcounty.com
0 votes Thank Flag Link Mon Jul 16, 2007
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
Request Seller Disclosure. This should give you info. on the condo unit and condo fees.
0 votes Thank Flag Link Mon Jul 16, 2007
Herman Chang, Real Estate Pro in Palm Beach Gardens, FL
MVP'08
Contact
Blythe,

Association dues vary from development to development, and from unit to unit. You should also inquire about what the association dues cover. Some will include water and other utilities.

The listings your agent sends you should have association information on it. It is a separate field in our MLS (realcomp).

If you are not yet working with an agent and you need assistance, I would be happy to help you get these types of questions answered.

Maureen Francis 249-961-0801
Web Reference: http://mioaklandcounty.com
0 votes Thank Flag Link Mon Jul 16, 2007
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
That information should be provided on the listing sheet. If you’re working with a broker they should be able to provide this information to you.
0 votes Thank Flag Link Mon Jul 16, 2007
Typically the listing agent will include this information in the MLS for other agents to see. If it is missing, tyry giving a call to the managment company. They are always happy to answer any questions regarding fees or rules.
0 votes Thank Flag Link Mon Jul 16, 2007
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