I am a renter and know nothing about this, so forgive me if this is silly. Is it a ood idea to purchase condo with no home owners association?

Asked by Ethelrapp, Brooklyn, NY Mon Mar 18, 2013

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Ann Zemaitis’ answer
Ann Zemaitis, Agent, 10013, NY
Mon Mar 18, 2013
Well, I'll answer your question in a Brooklyn-centric manner, since it appears that's where you're from. While condo home owners' associations are the norm in places like Florida, in NY there is the condo board and the offering plan, which lays down the rules and functioning of the building for the most part. New ideas or rules are voted on. So don't worry, you'll be fine in NYC with no home owners association-- there's a condo board and if you want, you can usually find a place on it.

Want an agent who rebates you 10% of the commission at closing? That's me. For example, on a $500,000 property with 2.5% to my co., that's a $1,250 rebate.

Thanks!

Ann Zemaitis
Sr. Vice President
Rutenberg Realty
9176761950
azemaitis@CRRNYC.com
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