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What questions should I ask before making an offer on a condo?

Asked in Austin, TX · April 17, 2016
I'm 25, looking to purchase a condo. I know I should ask about flood areas and HOA fees.

Advisor answers

It's important to have a Realtor to represent you in this transaction. If there's a Realtor selling the property, that Realtor typically represents the seller. You need a buyer's agent who represent your interest. Customs vary by location but it's not uncommon for a seller to compensate the Buyer's Agent.

You should ask to review the Association's:

(1) Restrictive Covenants, which explains what you can and can't do to your property i.e. painting, parking, pets, etc.

(2) ByLaws which governs the rules of the HOA. Read more re...

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