Lawsuits against the developer or board can make it nearly impossible to secure a mortgage.
Buyers should budget for significant transaction costs, including title insurance and a Mansion Tax of 1%–3.9% for properties over $1M. buy condo new york
Your attorney reviews the condo’s offering plan, financial statements (looking for "red flags" like pending litigation or low reserves), and board minutes. Lawsuits against the developer or board can make
The final meeting where the deed is transferred, and all taxes and fees are paid. Key Neighborhoods for 2026 buy condo new york
Can lead to "Special Assessments"—sudden, large bills for repairs like elevators or facades.