Buying a Condo
The purchase process of any condo is substantially different than buying a single family home. Buying a condo requires reviewing of condo documents including the financials of the condominium association, rules and regulations and even the minutes of the most recent condo association meetings. All of this must be reviewed with an experienced eye to insure you are not purchasing into an association that will cause headaches down the road.
All of these documents are necessary because all condominium complexes have some level of shared ownership or common areas. These common areas may be the pool, tennis court or even the parking facilities. Every owner of a condo pays condo fees which are their pro rata share of the common elements.
Luxury condominiums are exponentially more complex. Although many of the same documents are reviewed, substantially more money is being allocated and must be accounted for. In addition, you generally more savvy people in charge of luxury condos as opposed to a more standard price condominium.
With luxury condos, you not only are paying for the most sought after physical location, but many luxury amenities. With many more luxurious aspects of the complex comes a higher condo fee, which puts more money in the hands of the condo association.
Why You Need a Luxury Condo Expert
All of this boils down to why you need a luxury condo expert. Any real estate agent simply wont do. We specialize in luxury condos and luxury homes for sale in the Greater New Orleans area.
If you are interested in purchasing a luxury condo in the Greater New Orleans area, we are happy to assist.