Buying a Los Angeles Condo

• Number of units in the Los Angeles Condo complex?

• Percentage of owner-occupants?

• Percentage of unsold units?

• Monthly homeowner association dues?

  • What do dues cover?

  • How often have dues been increased?

  • Any anticipated increase in dues?

  • How many homeowners are delinquent in paying dues?

• Is there a fee for transferring association membership?

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• What does homeowner's association insurance cover?

• Will you need additional insurance coverage?

• Is homeowner association professionally managed?

• Amount in the association reserve account?

  • Any large expenses anticipated?

• Is homeowner association professionally managed?

• Amount in the association reserve account?

• Any large expenses anticipated?

• Is the association involved in litigation (status and likely resolution)?

• Are pets allowed in the Los Angeles condo building?

• Can you rent your unit out?

• Are there restrictions that’ll cramp your style?

• How many parking spaces are included?

• How many storage spaces are included?

• What common facilities are included?

• What do current owners like best about the complex? (Interview current owners).

• What do current owners like least about the complex?

• How is the soundproofing?

• How are water pressure, heating systems, etc.?

• Does the developer have a good reputation?

• Are sales prices going up or down?

• How active are sales?

• Attend homeowner’s association meeting in your Los Angeles condo building.

• Review covenants, conditions, and restrictions.

• Review bylaws and articles of incorporation, or have an attorney review them.

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We at Valerie Fitzgerald and Associates realize that you are in the information gathering stage of your purchase and we respect your privacy.  Should you have any questions, please feel free to email us at info@valeriefitzgerald.com or call us directly at 310-285-7515.  If you or anyone you know is looking to buy or sell a home, please note that we can provide detailed information and access to:

• Beverly Hills Real Estate
• Brentwood Real Estate
• Bel Air Real Estate
• Sunset Strip Real Estate
• Los Angeles Real Estate
• Santa Monica Real Estate
• Malibu Real Estate

You can count on the services of Valerie Fitzgerald and Associates to provide you with information you can trust.

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Tel: 310-285-7515
Fax: 310-271-9204

301 N. Canon Drive,
Suite 215,
Beverly Hills CA
90210

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