Status Certificate – Resale Condos’ Equivalent To Home Inspection

Prudent home buyers do not skip the home inspection. Behind walls, carpets and ceilings, any number of unseen problems may lurk – from faulty electrical to foundation flaws. In a resale condo scenario, home inspections are rare, but there is an important parallel: inspecting the status certificate. Having a lawyer review this document is a wise precaution. In fact, it’s so indispensable that lawyers typically turn it into a condition of purchase. What is a condo status certificate and what’s the risk in passing it over?    Read the article…………..


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