| The Buying Process |
 | When you have decided to make an offer on a property, ask for a seller's disclosure if there is one, | |
| a copy of the condo and/or homeowners' association documents, a Question ands Answer sheet and a copy of the current budget and reserves. |
| Read the Rules and Regulations carefully. Check to see if there are any pet, vehicle, rental and use | |
| restrictions on the property. |
| Verify the monthly condo fee, master association, and recreational use fees. Is there an application fee, |
| Find out what services are included in fees. In some condo associations, the monthly fee may cover | |
| water, sewer, trash removal, pest control, and basic cable service. |
| In very few communities the homeowner association fee may cover lawn mowing, however in most | |
| circumstances no utilities or services are included. |
| Be sure find out if there is a CDD (Community Development District ) associated with the community | |
| and what the fee is. It is usually a non ad valorum item on the tax bill. In addition, check to see if there is current or anticipated assessment on the property. |
| If an application is required, submit it as soon as possible. A closing may be held up because of the | |
| missing documents. |
| If financing the purchase, make application and submit all necessary documentation as soon as | |
| possible. Monitor procedures to sure that you will meet the approval contingency deadline in your sales agreement. |
| Arrange for inspections, appraisal, or survey as required before the deadlines noted. |
| Obtain appropriate homeowners' insurance on the property. |
| Verify inventory and condition of the property in the final walk-thru prior to closing. |
| Obtain a final estimate of closing costs . At closing your will need a certified check for any | |
| outstanding balance. All parties should bring drivers' licenses or official identification to closing. |
| Be sure to get keys (mail box and storage key if a condo purchase) and garage door openers. |
| Check to be sure that all association management companies and the club membership office have the | |
| documentation they need after the closing. |
EV 2009
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