First-time condo buyers: Compare assessments, count reserves, expect maintenance

Condominium sellers customarily pay any upcoming special assessments, but Natalie Renna of Re/Max Vision 212 writes the clause into her contracts to make sure.  Recently, while a sale was pending attorney review, the association levied a $15,000 special assessment. Renna’s first-time buyer was protected from paying.  “Surprises like that aren’t fun,” said the Chicago real estate broker. “Thank God I put it in the contract.”  Condominium living can be full of surprises. If you’re thinking about buying your first condo, the following advice can help you avoid the worst:     Read the article……………


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