This might be the first video I’ve seen that actually explains in depth about reviewing condo association financials rather than generic statements like “review their finances”. Love the specifics, thank you!

@ShaheedahHill

Жыл бұрын

Thanks Adam!

I make 50k a year and really looking to get a property to finally be on my own. I’m thinking a condo to start off but the hoa fees scare me. I’m hoping the community I find has a gym at least

@ShaheedahHill

Жыл бұрын

Thanks for watching

@cliobhabie

11 ай бұрын

Yeah anywhere without a gym is a waste of money

@jamilsuriel4406

10 ай бұрын

Either save up and be very frugal or make at least 60-70k.

@view13s8

10 ай бұрын

@@jamilsuriel4406 yea I'm picking up more shifts and more clients on my side business im just tired of renting.

Great tips. Thank you!

Great video. My husband and I just closed on our condo. We did receive condo docs when we entered into contract. Like the financials, inspection report and minutes from their meetings. When we first did a tour of the condo, we saw a lady out watering her grass and we of course went to ask her so questions about the condo and the community. So far, so good Hoping it stays this way but we don’t plan to stay here for long anyway. It’s really a starter home for us😊, our condo fees are $300/month (we have a pool)

@lemont9061

Жыл бұрын

How much is utlity bill approximate

@Nafesah13

Жыл бұрын

in Nyc its $1,500

@cfoster6804

5 ай бұрын

$300 is pretty darn good!

@StephanieShavone

5 ай бұрын

@@lemont9061 sorry just saw this….our utility bills are about 140/month on average

@StephanieShavone

5 ай бұрын

@@cfoster6804 yes it is compared to other places but it of course goes up every year.

Right on time!

Thank you for your advice !

@ShaheedahHill

14 күн бұрын

Glad it was helpful!

Everything you mentioned, I did not think about. Glad I tuned in! Great video

@ShaheedahHill

Жыл бұрын

Thanks for watching!

Great, useful information. Thank you.

Thank you so very much for posting this video. I live in NYC and am planning to purchase a condo, both here and in Florida, in the next 6 months. The information in this video, has really opened my eyes and now I can do my due diligence before making a purchase. Thank you so much and I will be viewing all your videos, so I can be well informed. Again, Thank you.

@ShaheedahHill

2 жыл бұрын

Thanks for watching!

Great great video. Thank you for the insight!

@ShaheedahHill

2 ай бұрын

Thanks for watching

Super helpful content!

One of the best videos on the subject. You hit all the points on what to look out for when buying into a condo. I was unaware that special assessments were negotiable at the time of sale. As you said, getting the most meeting minutes possible is one of the most important things to look at to ensure that the condo, and it’s governance, are operating well. If the reserve fund study is out of date then it likely isn’t accurately estimating upcoming repair costs, if it identified it at all. Reading the minutes gives an up to date view on the major and minor issues the condo is dealing with. Also, google search everything including the condo, property manager, the developer, board, and current or past legal cases against the condo, or worse against the developer if there are potential issues with the building (wherever your located it may be easier or harder to find that info).

@ShaheedahHill

Жыл бұрын

Thank you CoCo I apprceciate that. I also appreciate the additional insight that you shared. Thanks for watching.

I just looked at a Condo Today!!!!! Thank You For The Info

Great tips on evaluating the HOA documents including the meeting minutes. 👍 unfortunately here in Southern CA lots of the documents handed over (and the seller had to pay $1,000 for) don’t even have updated documents and the minutes are from last year. 😢 Just found this video on my feed and gotta admit your channel has given me #goals thanks for the inspiration

@ShaheedahHill

7 ай бұрын

Oh wow, thanks so much. There is an agent in Florida that is killing it with Florida HOA videos...you should do some similar ones for CA kzread.info/dash/bejne/hYaKk9aFXZC5dcY.html

Thanks for the tips!

@ShaheedahHill

23 күн бұрын

Thanks for watching

Oh wow thank for the information I was planning on buying a condo change my mind

Before I even watch, I know one of them is going to be HOA/community fees.... Condos may seem like a good deal, but when you add in the HOA fees (for some), it would be cheaper to purchase a house and pay for lawn service. And even if you do find one that has reasonable fees, that may be the case now but what about 10 years from now?

@theoracle6881

8 ай бұрын

Don't buy a condo, the end !

@cfoster6804

5 ай бұрын

Also the HOA may have rules you don't like.

@angesomteweldeangesom3583

Ай бұрын

Buy it and sell it, rather than putting money on the bank

Seek upscale condo communities. you'll pay more but you won't have issues with repairs, etc

@ShaheedahHill

Жыл бұрын

Thanks for watching!

Nice job! Great detail! That's really helpful.

@ShaheedahHill

3 жыл бұрын

Glad it was helpful!

This is very resourceful information. Thank you for taking time to go in-depth and composing this great assessment!

@ShaheedahHill

2 жыл бұрын

You're very welcome, thank you for watching.

Exceptionally helpful video covering areas I'd not considered in this early phase of condo consideration. Thank you so much. Richard

@ShaheedahHill

2 жыл бұрын

Thanks Richard for the feedback and for watching.

Great video! Thanks you! Also love your fashion!

@ShaheedahHill

Жыл бұрын

Thanks for watching!

Thanks for sharing . Great Info !!

@ShaheedahHill

3 жыл бұрын

Thanks for watching

Thank you! Your channel is very helpful and you explain very plainly.

@ShaheedahHill

Жыл бұрын

Thanks Ruben!

The input was very helpful, thanks Sis.

@ShaheedahHill

14 күн бұрын

@khalidrashada5989 Thank you for watching

this is helpful! thanks!

@ShaheedahHill

Жыл бұрын

Thanks for watching!

Thank you for this video!!

@ShaheedahHill

Жыл бұрын

You are so welcome!

That was great advice. Lots of things I didn't think of. Thank you.

@ShaheedahHill

2 жыл бұрын

You are so welcome!

Great info. Super detailed. I knew less than 10% of this beforehand but it's given me lots to think about.

@ShaheedahHill

Жыл бұрын

Glad it was helpful!

Excellent video. Many thanks for posting. A bit of an eye opener...

@ShaheedahHill

8 ай бұрын

@thesaintdiscjockeyentertai5741 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

Excellent work. I’m going to listen to this many times, because I don’t want to miss anything.

@ShaheedahHill

Жыл бұрын

Thanks for listening

Thank you for this video. I am in my 50s l own my current home. I am looking into buying a condo in the beach town in the State l am originally from to use as a weekend home until l retire. This video was very informative and l will know exactly what questions to ask.

@ShaheedahHill

Жыл бұрын

Glad it was helpful!

Nicely explained and thorough. Will definitely be careful with this info. Wasn’t aware of the renters ratio & caps info.

@ShaheedahHill

Жыл бұрын

Thanks for watching

thank you good overview of what to expect and look for before purchase

@ShaheedahHill

Жыл бұрын

Thanks for watching!

I really enjoyed your presentation. Good info given that I wasn’t aware of. I will continue to follow some of your others videos that maybe able to help me understand the buying process. I’m a veteran who’s looking to use my VA Loan to hopefully by a condo next year. Do you have any helpful insight on VA loans and condo buying?

@ShaheedahHill

2 жыл бұрын

Here is the VA video kzread.info/dash/bejne/aqVmrNpppanQXc4.html Thank you for watching and best of luck on the home search!

Great information and ✌🏾short and to the point….

@ShaheedahHill

3 жыл бұрын

I appreciate that!

Great info! I love that shirt btw

@ShaheedahHill

3 жыл бұрын

Thank you🙂

Thanks for the info girl 👍🏽

@ShaheedahHill

9 ай бұрын

Thanks for watching!

This is awesome information. Thank you!

@ShaheedahHill

Жыл бұрын

Thank you for watching.

Do you have a list of sites, podcasts, books, etc you recommend for beginners to use to get a better understanding of the terminology and tips? Your channel has been super helpful and hopefully you hadn’t already addressed this earlier and I missed it. Thanks!

@ShaheedahHill

3 жыл бұрын

I recommend my "How To Buy A House" Playlist and my free download in the description.

Wow, thank you🙏

@ShaheedahHill

3 жыл бұрын

You’re welcome 😊

Excellent video Ms Hill. You've just added another subscriber. God bless...🙏✌️

@ShaheedahHill

6 ай бұрын

Thank you and welcome to the channel

This video was incredibly helpful. Thank you for sharing.

@ShaheedahHill

3 жыл бұрын

Thanks for watching

Excellent information! I’m a first time buyer and I am taking notes 📝

@ShaheedahHill

2 жыл бұрын

Thanks for watching!

Closed on my home yesterday!!!… but still watching your videos!

@missjones8123

3 жыл бұрын

Congrats!

@ShaheedahHill

3 жыл бұрын

Congratulations and thank you for still watching 🙂

I needed to hear this,thanks..off topic your hair is so pretty and healthy.

@ShaheedahHill

3 жыл бұрын

Thank you and thank you for watching!

Thanks for this rad video! It's really hard to find good, actionable info that isn't cheerleading or otherwise highly suspicious. also: GF is half asleep and just rolled over to say she likes you, so that gets a sub.

@ShaheedahHill

Жыл бұрын

Go GF🙂...thank you and welcome to the channel.

Shaheeda dropping gems 💎 Thank you!

This was such a helpful video-thank you so much! ❤ I would love to hear your opinion on how to assess a condo’s re-sale potential, especially if you plan to sell in 5 years or less. Not a simple question at all, but it’s always a huge hang-up when looking to buy 😬

@ShaheedahHill

Жыл бұрын

Thanks for watching, you would have to get the real estate agent to look at past appreciation - which 2020-2022 were outliers, during the pandemic home values went up 20% each year in some areas. Also, look at what is coming to the area, supply, etc. They will not know for sure but they can help you gather the data.

@BoChoiInBoston

Жыл бұрын

Did not actually expect a reply, much less one so quickly! Thank you again 🙏🏻 wish we could have you as our realtor

This is a great video. Thank you!

@ShaheedahHill

Жыл бұрын

Thanks for watching!

Love it love it. Dynamite analysis

@ShaheedahHill

3 жыл бұрын

Thanks for watching

It's nice to see your channel grow, Keep it up

@ShaheedahHill

3 жыл бұрын

Thanks, you too!

Thank you this was very informative

@ShaheedahHill

Жыл бұрын

Thanks for watching

Great video!

@ShaheedahHill

Жыл бұрын

Glad you enjoyed it

And here I am closing on my first home in a few days , which is a condo 🤦🏾‍♀️🥴… I need to save this video and use it as reference.

@ShaheedahHill

2 жыл бұрын

Thanks for watching and yes...review those financials.

Its so funny I ran across this video. I actually live in south Florida and I am in the market to purchase a home. I canceled two contracts after finding out that both properties HOA were hitting the homeowners with assessments in the amount of 450 for 240 months to cover community repairs. Many of the current owners in the communities are now trying to sale (and selling at great prices); however, the reason they are selling so low is because of the assessment that they are now being hit with and dont want to be pay.

@ShaheedahHill

3 жыл бұрын

Good thing that you caught that. Yes, extra assessments can be substantial. Thanks for watching

@Beautybysabrina

2 жыл бұрын

Are you in miami also ebony ?

@theoracle6881

8 ай бұрын

Don't buy a condo or any home in a subdivision with an HOA the end !

@cfoster6804

5 ай бұрын

HOAs are such a scam.

As always radiantly pretty and highly informative, the whole package. Thanks a lot Shaheeda. 🌹

@ShaheedahHill

3 жыл бұрын

Thank you🙂

Thank you, Shaheeda!

@ShaheedahHill

3 жыл бұрын

Thanks for watching

Love and appreciate your Vlogs.

@ShaheedahHill

3 жыл бұрын

Thank you so much!

Excellent analysis Shadeedah. This is incredibly valuable advice for anyone considering buying a condo.

@ShaheedahHill

Жыл бұрын

Thanks for watching!

You speak so well and have so much knowledge and experience when it comes to buying a condo. I recently bought a condo in Oklahoma and my HOA is 238 a month for a one bedroom. It’s on the higher end for comparable condos in the area, but still feel like it’s reasonable. I pay 239 a month for my fees for my co-op that I bought back in 2016. There have been three increases since I purchased the unit. Overall, I’m very happy with both purchases, with one being a co-op and one being a condo.

@ShaheedahHill

2 жыл бұрын

Thank you so much and congrats on your new home.

@masukane93

11 ай бұрын

Hi. I'm currently in Oklahoma is it worth getting a condo. I make 33k a year and single

@genew5758

11 ай бұрын

Where do you live in oklahoma? You may be better off purchasing a condo in oklahoma since rent prices are very high now throughout most major Oklahoma cities. Don't forget to factor in the HOA payment into your monthly expenses. Most will charge anywhere between 200-450 a month in HOA fees for a 2-3 bedroom.

@masukane93

11 ай бұрын

@@genew5758 Tulsa

Good tips!

@ShaheedahHill

2 жыл бұрын

Thanks for watching!

Thanks for the awareness. Im in a pickle. So based on my income i got pre approved for a 350,000 loan in California… however based on my convo with the lender they mentioned that a condo is what i can afford… now after watching so many diff videos regarding a condo and now i am iffy..but then i cant afford a house… so idk what to do now

@Lizzytrixx

Жыл бұрын

I am in the same predicament. It’s better to own than rent in CA this would be a great opportunity for you even if it’s a condo. I will be taking all the tips she shared with us and you just have to find a community that seems best for you after getting all the necessary information. You got this 💪🏼

@MsManningMsManning

Жыл бұрын

Same here.

@theoracle6881

8 ай бұрын

How about move from commiefornia to a less expensive place !

Yeah, I'll never forget my professor said that her association chose new windows that would cost each owner $30,000. These high rises have some pretty high assessments overall tho.

@ShaheedahHill

Жыл бұрын

Wow that is really high! Thanks for watching.

I just sold my condo in Miami, things are changing so much. It’s a shame because Miami used to be affordable but now I’m not so sure.

@ShaheedahHill

6 ай бұрын

@ayesh5544 Thank you for watching

So we put an offer on a condo and after visiting another 2 times, I found some things in the complex not in working condition as well as cosmetic issues. I’m concerned the building (with 10 units) is not being cared for as well as it should. It’s a larger condo with a higher fee and no amenities. The listing agent mentioned the reserves being low but when the present seller moved in they got involved and helped to increase the reserves as well as find a new management company. I’m a little on the fence about this purchase because of the building issues.

@ShaheedahHill

10 ай бұрын

Be cautious, ask to see current financials before moving foward. Since there are only 10 units if there are large repairs that need to be made it could be expensive since it would only be split 10 ways.

Thanks loads!!

I live in Ohio. When I was looking for a house a couple of years ago, I saw many condos that took a very long time to sell. Reason? HOA fees. The highest one I saw was $420.00 a month, and there was nothing spectacular about the amenities.You have to consider that this is a cost that will increase over time. For me, it's cheaper to do my own maintenance, lawn care, and shovel my own snow.

@ShaheedahHill

3 жыл бұрын

Yes some of the fees are very expensive compared to the mortgage amount.

@datnohi8612

3 жыл бұрын

I totally agree, Hoa is an ongoing, never ending expense, condos and townhouses might be cheaper but Hoa is where they get you, I been a home owner for years and I pay a service to do my lawn in the winter I suspend the service or I could take care of it myself

@GodisAgapelove4172

2 жыл бұрын

I live in Kentucky and I’ve been researching the houses in Ohio and they are cheaper then Kentucky so I’m thinking about relocating to Ohio 😃

@greenbyrdd8308

2 жыл бұрын

@@GodisAgapelove4172 Wow, I'm surprised by that! The economy is crazy right now, but welcome future Buckeye!

@GodisAgapelove4172

2 жыл бұрын

@@greenbyrdd8308 Thanks ❤️

Great video love your content what’s your opinion on short term rental like air bnb for a condo. I’ll like to know before I purchase my first condo I’m looking to post it on air bnb

@ShaheedahHill

Жыл бұрын

Make sure the association allows it. Most do not allow short term rentals

Very useful information thank you

@ShaheedahHill

11 ай бұрын

Thanks for watching!

Also in our condo owners have to pay their own repairs.

Am I right to assume that I should apply these tips to a co-op as well? In the NYC area co-ops are more abundant than condos and much more affordable.

@ShaheedahHill

3 ай бұрын

I grew up in Co-op City in the Bronx😊 and I think it is similar but you have a lot less control over your property since you don't own your unit. But I do not know all the co-op rules, so seek a NYC agent that is well versed in Co-ops. @nazikiwe8259 Thank you for watching

Excellent content.

@ShaheedahHill

2 жыл бұрын

Thanks for watching

So I’m basically stuck in an apartment until I get engaged or married

I live in Canada, do you think it's important to have an inspector come in? I've heard that sellers aren't accepting offers if they have any conditions. Not sure what to do as I would really want to have a home inspection to have a peace of mind, do you consider this as a red flag if someone is refusing an offer based on having this condition?

This is so helpful! Can you do a video on cooperatives? I live in NYC and they are everywhere 🤣. Thank you

@ShaheedahHill

3 жыл бұрын

I grew up in a Co-op...Co-OP city😊 I'll add to my list. I need to interview a New York agent... not sure how common they are in other areas.

@chazethewhiterabbit

3 жыл бұрын

What is a co op ?

@indigo991

3 жыл бұрын

Your attorney request all of these documents for coops and condos in NYC

@PC-sm4om

3 жыл бұрын

@@ShaheedahHill Hey neighbor! I lived in Co-Op City also, from '94 - '08. Moved to ATL, now back in NY and looking to purchase a Condo. Thanks for all the RE videos, greatly appreciated!!

@CafeLu

3 жыл бұрын

@@ShaheedahHill I see a few co-op buildings while looking around on Zillow for Seattle properties, too.

Very informative video 👍 can you please help how can we know if any county or state inspection report done in the condo complex recently?

@ShaheedahHill

Жыл бұрын

You can ask the seller for that documentation from the HOA board. Another option is to contact your local municipal building department and ask to speak with an inspector. You should provide the inspector with the address of the building. Thanks for watching!

@simslearning1844

Жыл бұрын

@@ShaheedahHill thanks a lot dear. 🙏

Thank you sista 👍🏿

Yep. Your update is very important! Our Milwaukee condo Association Spring Terrace Condos of 88 1,000 sq. Ft condo is also now at risk due to lax management and board not well versed about management. They are busy family and jobs so many condo boards rekey on the management team. Should be reversed . Condo Boards are the boss ! Our condo complex is at risk . No condo board or management visibility, accessibility, lots of neglected maintenance. Roofs , balconies , metal car ports . 2018 debt was $40,000.00 today it is $190,000.00 . 25 condo owners signed a proxy for new board owners and new management company. It was ignored . All government agencies said it is a civil suit matter . We got an attorney and one year of request for records and financials with no response . The attorneys said it will be a approximately a 2 year fight and lots of cost . Anyway we could become what our condo association was for the last 50 years . The last 5 years was the debt and assessments. Basically we are looking to do our research and go virtual sharing the struggle of a Milwaukee community of 88 condos to fail and cancel the concept of accessibility to affordable housing , sustainability and opportunities to achieve wealth and investments ! Yep Appreciate your ideas . Spring Terrace Condos will be soon hosting a open session of ideas how to attain a functional supportive co do board and management company . We are reviewing approaching the local tv stations to share our story in the community to gain knowledge how we became prisoners by a no response board and no response management company . Dysfunctional management who we pay services and receive limited maintenance. 4 years of communication on our part by condo owners but not allowed to vote a new board nor new management? Wow . Any suggestions appreciate it . Why do we have to go to the news to provide communication and service for what we pay ? Thanks Your show is so inspiring . Thanks

@ShaheedahHill

2 жыл бұрын

Thank you for sharing. I would get your local officials invloved - local and state government to see if they can help. I like the idea of going to the news as well. Also check legal aid in your state they will usually give free legal advice. lasmilwaukee.com/

Usually, HOAs are run by Karens and I don’t get along with Karens.

@ShaheedahHill

6 ай бұрын

😆

I'm considering a condo for multiple reasons; because home prices are too expensive and I feel like having a condo would be less maintenance. Thanks for the video it was informative

@ShaheedahHill

9 ай бұрын

Thank you for watching!

@theoracle6881

8 ай бұрын

Don't buy a condo !

@jackyg3857

6 ай бұрын

Buying a condo is a great option. I myself own a condo. Due to my busy schedule working in a hospital, I never need no worry about shoveling (I live in the northeast)

I live in apartment but planning on buying a condo. In my apartment building I can hear the person that lives above me and on the sides of me and it’s noisy. I’m being told that there are some apartment buildings that were turned into condos and to beware because they are also noisy. How can I find out if the building was built to be condos and not an apartment building I don’t want to experience the noise and smell marijuana in a condo and I don’t want to live in a condo that is leased out to renters.

@ShaheedahHill

2 жыл бұрын

Your Realtor can research that for you.

@theoracle6881

8 ай бұрын

Don't buy a condo, the end !

@GodisAgapelove4172

8 ай бұрын

@@theoracle6881 Thanks 😁❤️

I recently went to see a condo in the south suburbs of illinois and it looks like crap. Parking lot has a lot of pot holes roof falling apart hallway smells like urine among other things. HOA is $300 monthly HOA is a no no all thy do is keep your money 🤷🏽‍♀️

@ShaheedahHill

Жыл бұрын

Best of luck on the condo search!

Hi regarding all the information 1-6 you’ve given will the real estate agent automatically ask these questions? If not, how does a perspective condo buyer obtain city, state, and or county inspection records? What department would be best to contact to inquire about your question 6?

@ShaheedahHill

Жыл бұрын

If your agent doesn't ask, advocate for yourself. County building inspectors should have this information on file .

I just purchase a townhouse two months ago. I pay $250 a month for my hoa fees. I feel its worth it for now as I would spend more on maintenance for a single family home in terms of lawn care and outside maintenance. I will be watching as time goes on as the places are brand new. I am hoping I get a seat on their board in their future.

@ShaheedahHill

3 жыл бұрын

Thanks for sharing!

@BrewReview

2 жыл бұрын

Most homeowners don’t pay $250/mo for repairs, that’s for sure.

@aaeshaquiin5231

Жыл бұрын

Its been a year so would you be able to tell us how you feel now. Was it worth it. Am only considering a condo because that’s all I can afford at the moment.

@genew5758

11 ай бұрын

I pay 239.00 a month for my HOA fees for my 2 bedroom co-op, 246.00 for my 1 bedroom condo and 233.00 a month for my other 1 bedroom condo.

@theoracle6881

8 ай бұрын

In most Condo/Town homes, the $250 is the fee for the landscaping of common areas, street lights, gen. maintenance, not repairs , you still must pay for repairs of your unit/townhouse, water heater, pipe bursting, roof leaking, shrubs/grass in your immediate front of your (townhome), electrical problems, rodents/squirrels, ask me how I know, you're better off getting a house with out an HOA and their ridiculous fees that will only go up every year!@@BrewReview

Thank you, I’m thinking condo also because I’m single with no kids , I have to see what is best. Thank you

@ShaheedahHill

6 ай бұрын

@Lofi-Outlaw Thank you for watching

Are buyers allowed to ask for the covenants and bylaws(or something similar to this) for an HOA when purchasing a single family house?

@ShaheedahHill

3 жыл бұрын

Yes you can. If they are not provided upfront, when you put in an offer make sure your agent puts that you want the convenants and bylaws within 24 hours. Also I have an HOA tips video... you should check that out. Thanks for watching.

Did not finish watching but this video came at a very interesting time. I live in Brooklyn and I own a condo which we are trying to sell. We decided to buy condo because in NY it is just more affordable. The monthly maintenance fees are expensive and we have no amenities only a wash room. We are currently struggling to close in the sale because the condo questionnaire was not filled out correctly. I enjoyed living here but we have 2 kids now and need to move to bigger house. Unfortunately, we found out that a lot of people haven't been paying the condo maintenance fees so I think the financials might not be good. Some people own and some people rent in the building. I have a neighbor who rents been their over 30 years and paYs only $400. While a lot of owners absorb the extra cost because our monthly maintenance is more than $400.

highly appreciated but usually in normal people and normal life, 99 percent people don't even know what are those documents and whom to ask, even if you asked, management will not provide unless your offer is accepted, it never goes and corporate by condo management for sure, rather then that they gonna deny you just being a asking too much questions and documents to prove their status.

@ShaheedahHill

2 жыл бұрын

It most states they are required to give you some of this documentation as part of your contract. Thanks for watching.

Extremely helpful video. I am a buyer and lender asked for 2022 budget, 2022 balance sheet, and master insurance, where do I get these docs from as a buyer?

@Anaflo1209

2 жыл бұрын

They would like to see if the condo I’m interested in can pass the fha spot approval

@ShaheedahHill

2 жыл бұрын

You will typcially have to get these from the seller. Before you make an offer you can ask for them to send to you, or if you put in the offer you can include for them to give you a copy within 24 hours of offer acceptance.

No one notice that damaged of that condo after inspection in Florida

@ShaheedahHill

3 ай бұрын

@angelastewart9497 Thank you for watching

Could you do a video about townhomes??

@ShaheedahHill

3 жыл бұрын

Yes, I will.

Hi Shaheedah, I have one more question. What are your thoughts on waiving home inspections on a condo? My realtor suggested this and along with buying the condo "As Is" to give me an advantage with my offfer being accepted. She recommended this option only for condos that are newly renovated or don't appear to have issues.

@ShaheedahHill

2 жыл бұрын

I don't like the idea of ever waiving inspections. Condos in my area ae a little less competitive than single family homes so you usually have time to add a due diligence for inspections. I would try to see if there is a home that you are really interested in and it is competitive if you can find an inspector that will do what they call a "walk & talk" inspection, basically so the inspection during a showing to see if you have any major issues in the unit. But I never waive inspections for my first time buyers, you never know if there can be an issue - Just do a really short due diligence like 2-3 days to get your inspections done.

@Tash_Naz

2 жыл бұрын

@@ShaheedahHill Thank you so much for confirming. I must admit that I was surprised that my realtor suggested this. She did recommend that I still get an inspection for informational purposes but I will plan to not waive the inspection at all. This whole time Ive been working with her, I thought she had my best interest up until she suggested this risky recommendation. Now it has me questioning her motives.

@amri5096

2 жыл бұрын

@@Tash_Naz My Realtor suggested the same thing for an offer I just got accepted on my townhouse condo. Her justification was that because I have FHA financing; the property has to pass a certain level of inspection anyway--meaning FHA won't close my loan if the property has anything major going on with it. So based on that and the fact that the property is immaculate (though looks can be deceiving); I went ahead and waived my inspection. In my area condos are just as competitive as single family homes with properties receiving an avg. 15-20 offers and only being on the market for a few days if that. So given that FHA is already not on top of the financing hierarchy; I felt that I needed to do something to get ahead of the others. I made a similar offer for my other top choice, and that offer wasn't even considered.

@paresaalizadeh2423

2 жыл бұрын

If a realtor suggest waving an inspection for any home .. wait out your contract time and move on to a different realtor. I just had an inspection for a condo and major structural issues where found. Trust me when I tell you I would have never noticed the touch up job on the walls and ceiling. When i walked through the home appeared move in ready. I was so excited and now I'm starting over. Thank God i got the inspection. Plus the condo right next to the one i was purchasing was just purchased back in January. So i thought forsure my unit wouldn't have any foundation problems.. but it did and I'm glad i found out and am able to walk away. After reaching out to the HOA they informed me that they aren't responsible for the foundation and that there were no other complaints by other owners. Smh BS.. please get an inspection and don't allow anyone to talk you out of it.

@genew5758

11 ай бұрын

I bought both of my condos without doing any inspections. I don't recommend this route, but my offers were accepted and I didn't have too many issues. The only thing i had to replace was a water heater. Even if I paid for an inspection, i still would've bought the unit.

Great advice. Im planning on buying a condo after my deployment, and also, you are very beautiful

@ShaheedahHill

5 ай бұрын

Thank you so much!

Thank you! The specific information on what to ask for and WHY is very helpful! I’m saving this one!

@ShaheedahHill

7 ай бұрын

Glad it was helpful! @TakticalTekniq Thank you for watching

Hi Shaheedah! Can you do a video based on condo vs townhome?

@ShaheedahHill

2 жыл бұрын

Yes, good topic. But until I do - the major difference is that condo owners only own the inside of their unit and none of the common areas or the land(those areas are shared with the other owners). With townhomes you typically own the land your townhouse is on and the outside of the home - roof, exterior. The tricky part is that some Townhomes are condos, so be very careful. You want a fee simple townhome - Fee simple means the home and the land are owned outright. But video...coming soon 😊

@Tash_Naz

2 жыл бұрын

@@ShaheedahHill This makes sense! Sounds like owning a townhome is more beneficial than a condo. Thank you so much for taking the time to explain this. I look forward to the video. I appreciate your continued insight and I appreciate your channel❤️

HOA fees are a no go for me. I don't wanna pay hundreds of dollars extra in fees for a gym, pool or nice lobby I will never use.

@theoracle6881

8 ай бұрын

Smart !

Best video I seeing

@ShaheedahHill

7 ай бұрын

@berhanesolomon5376 Thank you for watching

Thanks looking at condos and looking for how I can get in contact with condo associations?

@ShaheedahHill

3 жыл бұрын

You will likely have to go through the seller. Most condo associations are not required to communicate with non-owners.

Shaheedah, Could you do vid about what to do while waiting for the CTC? Also, what to do right after the closing?

@ShaheedahHill

3 жыл бұрын

Have you watched my underwriting video? I'm working on a closing video.

@ShaheedahHill

3 жыл бұрын

Working on an after closing video. Please watch my underwriting video and mistakes buyers make while under contract.