If You're Buying A Condo, Watch This First

In this episode, Jennifer talks about the critical financial risks when buying a condo, especially regarding assessments. She explains how HOA fees inevitably rise and how unexpected special assessments can be incredibly costly, potentially over $100,000 per unit. Jennifer shares a shocking example of an undisclosed assessment that made a building ineligible for traditional financing. She stresses that buyers must do their own thorough due diligence, checking budgets, reserves, and HOA meeting notes, as these vital details are often not formally disclosed.