Experiences with HOA Reserve Sheet Health When Buying Condo?
First time poster here. Searching this sub because I wanted to make an offer over the weekend on a condo as a first time would be condo buyer, but another offer came in and was accepted because sellers were highly motivated and I was insisting on the seeing the HOA reserve study and meeting minutes before making an offer. Seller's agent was a bit dismissive, saying title would check that info. Also, owners are responsible for roof maintenance (older building/expensive roof materials) and I stumbled across several recent bad reviews for the property management co regarding mismanagement of HOA dues. As far as the roof, this was an investor-owned property for almost 10 years, so a bit concerned that the roof could be due for a major repair soon.
I am still interested in purchasing a condo in this development in the future. Is it going to be impossible to have access to the financial information before making an offer? I guess contingency would not have been favorable in this situation as I was needing seller concessions but who knows what may come on any future units put on the market. I'm trying to be prepared to quickly make decisions.