Condo board approval typically takes around 4 weeks from the time you submit a completedboard package. Most condos typically have between 20 to 30 days to waive their right of firstrefusal and approve your purchase. Here’s where it gets interesting: while a condo cannot reject you outright without buying theapartment, they can delay issuance of […]
Virtually all condo buildings charge buyers an application fee between $300 to $1,000.Buildings usually ask for a move-in fee and/or a move-in deposit as well as a move-out feeand/or a move-out deposit from the seller. The typical move-in or move-out fee is ~$500,while the average deposit is between $500 to $2,000. Unfortunately, there is steep […]
Assembling the various documentation for a condo board package can be accomplished in aslittle as an hour if you’ve done your homework. As the buyer, you’ll already have access tomost of the information requested such as tax returns and bank statements. How quickly youcan put everything together depends on how efficient your record-keeping is.If the […]
