snowbird44 said:
but don't stop there. Once you have found your condo, get a good lawyer. Do your homework before you buy and ask lots of questions.
How stable is the condo corporation financially? get financial statements from previous years.
Are there any debts?
Is there a reserve fund? How large?
Get a copy of the condo rules and regulations.
Is the administrator reliable and competent?
How much are the condo fees? Be prepared that they will go up in view of all the latest increase in costs for electricity and fuel.
The actual purchase is uncomplicated, your lawyer will handle all that.
Good luck with your househunting!
Ask here for recommendations about good attorneys.
DR1 is your friend.
Don't accept recommendations by PM because that may not see the light of day. Some people do things to get a kickback. We know who these people are and will let you know their agenda in an open forum!
Beware of a British Gentleman who is NO Gentleman!
Do price comparisons both in cost and maintenence.
Check to see if there were special charges to the owners in the last 3 years. At our condo this is how we paid for much needed renovations.
We have had a 35% increase in Maintenence in our Condo because of the fluctuation of the peso and increase of costs in everything especially electric, gas/oil for generator and insurance.
Check how much the insurance policy is on the Condo.
Go there early in the morning and check for noise.
Go there in the evening and check for noise.
Read the rules carefully.
Ask if there is 24/7 electric, Security, Maintenence.
Compare these questions from one building to another.
These points do not address how to purchase a condo. These points address how to get something you can live with.
Welcome!