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Hi,

My wife and I are first time buyers and we have had an offer accepted on a beautiful 2br condo. Trying to learn as much as possible about condos, brownstones etc, but I do have a few concerns about this place!

It is a 3 unit, self-managed building. We got the finances and they are currently about $500 in the black. The building was gut renovated about 15 years ago and my broker and attorney assure me that since it has such minimal costs the finances are in good shape. Also, there are no assessments on the horizon.

Is that a typical sort of scenario? I am happy to move into a self-managed building, but are there any other questions that we need to be asking?

Any advice much appreciated

Thanks.