Forum
« Need a wood stripper What happened with Police at Ocean's 8 Billard Hall »
November 19, 2007
Anything to look out for when buying into a pre-war condo?
Is there any way to review or learn about a condo's general operating plan, or whatever it's called, before making an offer on a unit? I'm considering buying an apartment in a pre-war 10-unit building that has been a condo for a long time. But I don't know what to look out for, in terms of the way it's run, red flags, etc. I'm a renter, first-time buyer and am clueless. I'm assuming my lawyer will brief me on any problems, but that's only after my offer is accepted, right? Is there anything I can look out for before getting to that point?
Comments
you won't be able to get much info prior to making an offer. So sleuth a bit. Google the address, look at the notice-board in the lobby - are their notifications of extended work. Take a look at the facade or if you're more brave go hang around outside and ask the super or someone coming out.
Or you can just make an offer, have it accepted, take a look at the building financials then pull the offer if you don't like what you see.
Posted by: guest at November 19, 2007 9:54 AM
You can definitely pull your offer if you find any huge problems with the building after doing your research - before you sign the contract of course.
Posted by: guest at November 19, 2007 11:54 PM
CHECK WWW.PROPERTYSHARK.COM AND THE NYC DEPT OF BUILDINGS WEBSITE FOR BUILDING ISSUES, ETC ETC
Posted by: guest at November 20, 2007 1:20 AM
Post a comment
Please be patient while your comment is published. It may take a moment.