Finding your home starts with arming yourself with knowledge. At Condo Connect, we’ve taken time to thoroughly research, detail, and explain the nuances of the major condo complexes in Palo Alto and Mountain View.
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The first step in finding a condo is to select the right community. Becoming an owner in a condo complex has many legal and financial ramifications. It may not be prudent to choose an agent on “personal connection” or because an agent is “nice”. Just like lawyers and doctors, the best agents are equipped with specific knowledge of the complex and understands the governing homeowners association documents.
Purchasing a condo or townhouse typically means ownership in what is known as a common interest development (“CID”). When a buyer purchases a unit in a CID, the buyer is either purchasing a pro-rata (fancy word for proportionate) share of the common areas of a complex or the buyer has an interest in a homeowner’s association that owns the common area.