Los Angeles Condo Living: How to Handle Potential HOA Assessments

🔍🏢 When purchasing a condo, it's crucial to stay proactive and inquire 🧐 about any impending assessments 💵 or ongoing discussions within the homeowners association (HOA). Recently, I successfully closed a deal on a condo for my clients. However, prior to closing, there had been several months of HOA meetings with discussions surrounding a potential 💰$10,000 assessment per unit.

Transparency is key in real estate, and I made it a point to inform my clients about the ongoing discussions upfront. Despite closing the escrow, it's important to note that the assessment was ultimately approved shortly thereafter. By asking the right questions and being informed about potential future obligations, buyers can make educated decisions and avoid surprises. 😲

Let's work together 🤝 to navigate the condo market with confidence and ensure that you have all the necessary information to make an informed choice. 🏢💡💼

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