Questions for your agent

Here are some common questions to ask your agent, your mortgage broker and yourself when you are thinking of buying a condo.

Is the community that I like?
- Where are the grocery stores, shopping malls, bars?
Is there enough space for my needs?
What is the condition of the condo unit?

Do the common areas need repairs, renovations?
How old is the condo?
Is there a parking facility?
- Is parking assigned?
- Is there a fee to park?
- Is there guest parking and if so where?
Does the condominium have access to public transportation?
- Metro or bus only?
- Shuttle or Limo service?
What are the chances that this condo will increase in value?
What type of security system is in place?
Does the condominium association allow pets? If so how many and what type?
What are the condo fees and what they include?
What is the condo association policy about renters?
How much is in the reserve fund?
Does the condo association have a certificate of insurance?