Posted by: bizfriend April 22, 2008
need advice regarding condominium purchase
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hey all the sajha users!

 

I am thinking about purchasing this condominium in Dallas, TX. I am a first time home buyer. Can you suggest me what things that I need to keep in mind while purchasing condominiums. One question that i have in perticular is : say after 60 years, if I still havent sold that condo, and say the condominium building is in really bad shape, then what will Home Owners Association (HOA) do in such time? Will they fix the building or will they simply create new building, and if they do the later; then will I get a place in the new building? I am just worried that I am gonna get cheated by others later. If any of you who reads this thread knows about condominium laws, please let me know. And if you have any suggestions please write it down.. thanks

 

sincerely

Bizfriend

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