Jon, Good question. The Realtor doesn't necessarily need to specialize in condos, but needs experience as a couple of agents have mentioned, because there are some differences between single-family residences and condominiums. Some good examples of differences are the healthiness of the HOA finance wise, insurance differences, and the warrantability of the condominium complex. That is basically the percentage of occupancy, the percentage of completion, and the percentage of owner occupants versus renters. I personally have a few lenders who specialize in non-Warrantable Condos, which most lenders do not work with. I also have a great team of lenders, inspectors, etc. to assist us throughout all phases of the process as needed. I have bought and sold many condos over the years and have come across just about every situation you could think of. In other words, I know condos very well! I also do not charge anything for my extensive services, and my lenders do not charge my clients anything for the pre-approval process, which is your first step.
I have many, many years experience dealing with condominiums, am a Residential Specialist, and am one of the top agents in Austin. I also happen to be a Master Instructor who teaches Buyer Representation, Negotiations, etc. as well for Keller Williams Realty, the #1 rated Real Estate company in the United States and Austin.
Feel free to contact me if you have not yet chosen a Realtor and I would be happy to assist you. I know some good deals here and there and can probably find just what you're looking for and negotiate the best price, terms, and conditions for you, my client.
Joe Jarusinsky, Realtor/Master Instructor, Keller Williams Realty, Austin's #1 Real Estate Company, Ranked #1 by Buyers and Sellers (JD Power & Assoc. 2012)