We Buy Condos May 2026

: Condo financing is stricter than for single-family homes. Lenders evaluate both your credit and the building’s financial health.

How to Buy a Condo: Ultimate Guide for Buyers - The Hollinden Team we buy condos

: Request the last three years of financial statements and HOA meeting minutes. Watch for repeated complaints about broken items (deferred maintenance) or lawsuits. : Condo financing is stricter than for single-family homes

Before touring, you must determine if the building's finances match your own. Watch for repeated complaints about broken items (deferred

: Even without land ownership, you pay real estate taxes. You will need a personal HO-6 insurance policy for your unit's interior.

: Review the association's reserve fund study . Ideally, the fund should be at least 70% funded to avoid sudden special assessments.

: Lenders often reject buildings with too many rentals (investors), ongoing lawsuits, or low occupancy. Seek out FHA-approved communities if using an FHA loan, as many complexes do not qualify.