“Three may keep a secret, if two of them are dead”
– Benjamin Franklin
Condo buyers purchase not only a particular unit, but a share in a building and its common areas. As such, the condition of the entire edifice is critically important, but is often not sufficiently considered or researched by buyers or their agents.
Sometimes, significant information about the history of a building’s past or present problems does not get to the buyer until after escrow has closed. This can lead to years of aggravation, legal costs and lost equity.Read More