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The diversity of condominium owners makes for very lively "discussions" about associations rules and their enforcement.  Prior to purchasing a condominium, every buyer receives a copy of the by-laws and rules governing the community, yet it seems that often condo buyers are unprepared for the "compromises" that community living requires.  All the time I hear about condo neighbors throwing very loud parties that go late into the night (or early into the morning) as well as loud stereos, home theater systems with surround sound that makes items hung on shared walls vibrate or fall down, and even misuse of common areas like hallways and elevators when a resident pet decides to use one of these areas as a toilet and the owner feels no obligation to pickup after it ("Isn't that why I pay my monthly HOA fees?).  And the rules violators always seem to use the same defense... "I should be able to do whatever I want since I own here, pay my HOA fees and this is my home."

As a condo owner, when I hear these complaints around my building I often wonder if or how the real estate agents who sold these people their units prepared them for the realities of community living.  Clearly, you give up certain freedoms to live in a condominium.  You must live and be respectful of your neighbors in a way that you need not be in a single family detached home.  You must realize that your neighbors' property values are tied to yours and when you (or your pet) destroy the common areas that you affect everyone's property values and that the HOA budget is funded by every owner.

When I represent a buyer wishing to purchase a condo, I always have a "lifestyle" conversation with them before I will write a contract for them.  Do you live loudly (stereos, parties, etc.) in a way that will disturb neighbors?  Do you realize that if you do live loudly that your neighbors will likely have cause against you per the building rules?  Do you realize that even in the nicest of condos there will be a certain amount of noise transference between units?  Will living by rules that may change and that you may not necessarily agree with bother you to the point of unhappiness?  By asking these questions I can help a prospective condo buyer make sure that they will enjoy their new home, and not regret their choice... and that hopefully their neighbors will be glad to have them as neighbors.  I want my buyers to not have any surprises or regrets, or to ever call me for a conversation that begins with "Why didn't you tell me that buying a condo means..."

What (if anything) do you do to prepare condo buyers for the reality of their home choice?

 
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26 Comments on Are your Buyers prepared for Condo living?

Boy, do you ever make some great points!  In a condo you get up close and personal with the old democratic process, and it isn't always pretty!  I think that to be happy in a condo, you have to be able to deal with a lot of control issues - yours and your neighbors', without getting crazy! 

06/21/2008 04:36 PM by Patricia Kennedy (Evers & Company)


Great teve....to be honest I haven't ever had that "talk". I will in the future!

06/21/2008 09:42 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


Steve - Thanks for bringing this to our attention.  As someone who has never lived in a condo and shows mainly detached homes this is something that I have not thought about.  I will definately add a conversation about condo living to my presentation.

06/22/2008 07:14 AM by Pam Dent -Charlottesville, Albemarle,VA horse farms, residential, country homes (Real Estate III)


Hi Patricia... I'm always glad when you stop by and comment.  You're correct, there is definitely some loss of control.  Simple things like repainting hallways can turn into control battles when one neighbor likes the new color selected and the other hates it.  Also, many condos have fine structures for chronic rules violations and these can get quite hefty (in my building they begin at $250 per occurance after a warning is issued).  Condo living is definitely NOT for everyone, the key for all of us as agents is to help our buyers make sure that it IS for them, and if not, help them to avoid unhappiness with a home we sold them.

Hey there Joan...  I am always surprised how many of my condo buyers were unaware of the compromises until I talked to them.  And I can tell that most take it seriously and think about it once we talk about it.  Condo living can be a great lifestyle if you go into it with the right mindset, or a nightmare if you don't!  Thanks for commenting!

Hi Pam...  Having this brief talk with clients is a great way to demonstrate knowledge and experience with condo living and transactions.  My clients are always impressed that I bring these topics to their attention proactively.  I hope it works for you!

06/22/2008 11:32 AM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


Steve-Nice post! I used to live and sell in a section of Chicago that was mostly condos and townhouses. People moving there usually understood that condo in some ways restrict your activities. It is imperative that they understand those restrictions before buying. Another thing that is useful is the condo disclosure from the management company that spells out the financial condition of the development. I've seen buildings where owners were hit with special assessments ranging from $15,000 to over $50,000.

I live in a townhouse myself, but the legal ownership was condominium. We had people complain about a special assessment for new roofs because they didn't want to pay for someone else's roof. Buyers need to understand the concept of common elements and limited common elements.

Thanks for the thought provoking post.

06/23/2008 09:28 AM by Rich Quigley CRS, GRI, ABR, SRES (Baird & Warner)


Hi Rich... Thanks for the compliment!  I'm glad that you enjoyed it and hope that other agents find it useful in helping thier condo clients.  The whole concept of Common Elements and Limited Common Elements is so foreign to the way that most people think of home ownership that it really does warrant a brief conversation with condo buyers BEFORE they actuall sign a contract. 

06/24/2008 01:01 AM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


Steve, I wish my Realtor would have filled me in with the dirty details that some HOAs have before I signed.  Luckily it was just a lease and I was able to flee after a year.

06/24/2008 09:08 AM by Andre Nader (Buildasign.com)


Steve,  I'm thinking seriously about condo living- high association fees are keeping me from pursuing that desire.  My experience has been that no matter how many times you explain things to a buyer, they only hear and remember what they want to.

06/24/2008 10:10 AM by Mary Jo Schaffer Bandera Texas Real Estate (Sweetheart Realty)


Hi Andre:  There are definitely some HOA horror stories out there.  I think many are the result of buyers not being prepared properly for what condo living really means.  Sounds like you dodged a bullet by leasing before you bought!  Thanks for commenting!

Hi Sweaetheart Realty: You do have a point about selective hearing.  I think the excitement of homeownership sometimes mutes the volume of rational thought.  Buying a new place should be fun and exciting... buyers just need to be careful not to let the fun and excitement keep them from hearing the thngs that can prevent them getting into an unhappy situation.

06/25/2008 08:29 AM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


Steve,

I live in a Condo myself and you have to be respectful of your neighbors and invite them to your parties. We don't have a lot of late night partying around here except when the parents are away and the college kids come home.

06/27/2008 01:39 PM by Jane Wallace CRS, Denver Real Estate (Kentwood City Properties)


Hi Jane... I think you hit the nail on the head when you said "you have to be respectful of your neighbors".  Most condo rules for owner conduct are really based on that premise.  If you are respectful of your neighbors in how you live in a condo you should have no problem, however I think in society today we are much less respectful of people in general and that carries over into condo living, which in turn creates the conflicts and problems.  Thanks for sharing your insight!

06/28/2008 11:24 AM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


I am listing a $500,000 condo shortly...On a very "lively" main street...you bring up great tips..

07/01/2008 10:49 PM by Tara Stone (Tara Stone Homes)


Hi Steve you are correct. I live in a condo that has neighboring units. A lot are rentals and frequently there are renters who just dont know who lives here and what the rules are. Im guessing the owner doesnt inform them what they can or cant do to not to scare them off from signing a lease. We have small families and kids who live here so single tenants with loud stereos or running around drunk at 3 am while kids and adults are trying to sleep to go to work the next morning are not welcome.

07/02/2008 09:50 AM by Stephen D White, E-Pro, ABR Cape Cod RealtorĀ® (Ocean Blue Realty llc)


Hi Tara... Glad I could provide you some food for thought!  I am confident that if you (or any agent) brings up these points with buyers before simply selling them a condo that a lot of unhappy condo owners would never be in that situation. 

Hi Stephen... That's another very valid point... Owners need to be more repsonsible for their renters.  If set up properly in the condominium by-laws, owners who rent out their condos are legally responsible for the conduct of their renters and, if the HOA so chooses, they can be held financially responsible (through a fine structure) for HOA rules violations of renters.

07/03/2008 10:04 AM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


People often forget that the people in a condo can affect their lifestyle.   It's just like a gated community neighborhood with rules except perhaps more intimate in one location either vertical or more dense. 

Good reminder!

 

07/06/2008 05:34 PM by Ronda Ching Day (Realty Executives Oahu (Waikiki office))


Hi Ronda... Like I said before, it really is all about mutual respect for others.  If you are representing the type of buyer who puts themselves and their "right" to do whatever they please regardless of it's impact on others ahead of the neighbors' rights to not have to put up with nuisance behavior, then condo living is going to be an incompatible lifestyle for them.  Thanks for stopping by and commenting! 

07/06/2008 06:43 PM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


Condos sound better and better.  I really hate all of the maintenance of a home, yard, etc.  I just don't know where I choose to live.

07/08/2008 12:17 AM by Cindy Bryant~Houston's Home Staging & Home Stagers By Redesign Etc.~RESA~ASHSR (Redesign Etc., Inc.-Texas)


Hi Steven... I guess that's why Baskin Robbins makes 31 flavors.  I actually like open spaces, as long as someone else is responsible for the maintenance and upkeep!

Hi Cindy... I love my condo.  It's a great lifestyle if you are respectful of your neighbors, but can easily be a unpleasant if you choose not to be. 

07/08/2008 09:58 AM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


Condo living can be a real change if you've always lived in a single family house.  I personally don't think I could ever do it.  But it is great for some people.

07/09/2008 10:39 PM by Ricki Eichler, your Texas Hill Country connection (Hill Country Estate Properties)


Steve,

Great post! The other thing that we need to remember is that there are many many types of condos.  The condo for me, might not be the condo for you.

 

07/25/2008 08:07 PM by Will Nesbitt - condos / real estate in Alexandria, Arlington, Fairfax County (Condo 1 of Alexandria)


Hi Ricki... It is definitely an adjustment, but I have to say that (for me) I like not having to deal with mowing the lawn and landscaping and raking leaves, and watering foundations, and sprinklers, and pool maintenance, etc.  But there are DEFINITELY trade-offs and like you wrote, it works for some folks and not for others!   

Hi Will... You make a very good point... there are different types of condos (highrise, lowrise, townhome-style, and even single detached units) and within each style, different communities have different personalities.  Buyers need to make sure that they choose one that suits their personality or it's a recipe for unhappiness!

07/26/2008 01:44 PM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


Loved the post, Steve. Here in New Orleans condo living is relatively new. Basically our Warehouse District is the main condo area with several old mansions in the Garden District divided (gasp!) into condos. Brand new to us is verticle living (high-rise condo buildings). So I am taking all you wrote to heart. Most New Orleaneans will be in for a shock and it's our job to make sure the right folks go in the right buildings. Verticle living is a much greener way to go for us, but so far a hard sell. The alternative is urban sprawl, which means draining wetlands. We all saw from Katrina the consquences of that! Thanks for the post!

08/26/2008 03:43 PM by Troy Jowers (Prudential Gardner, Realtors)


Hi Troy...  Thanks for the kind compliment.  Condo living is definitely a different animal than single family homes.  Good luck to you in the coming days... I'm praying that y'all don't get clobbered again by Gustav.

08/30/2008 03:05 PM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


Great post!  A good friend of mine is constantly having issues with his condo board over silly things.  Buyers need to be aware of the benefits and possible drawbacks of condo living.

10/05/2008 09:52 PM by Thomas Tolbert (Coldwell Banker Platinum Partners)


Steve,

Good points; however I do not know how we can ever preapre people to play by the rules.

Should we also inform them that the speed limit on North Central Expressway is 60?

10/07/2008 09:24 AM by Richard Weeks, REALTORĀ®, Broker Associate, GRI, ePRO, eAgent (Keller Williams Dallas City Center)


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Real Estate Agent: Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)
Steve Shatsky - Dallas Real Estate & Short Sale Specialist
Dallas, TX
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