Following Surfside Condo Collapse, Due Diligence Becomes More Important Than Ever

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The Champlain Towers South collapse in Surfside shows how important it is for buyers to not only verify the financial soundness of their potential future condo association, but the soundness of the building as well

, shows how crucial it is for buyers to not only verify the financial soundness of their future condo association, but the soundness of the building as well.

“I’ve worked with condo buyers who are waiving inspections and review of the association documents,” said Donna Deaton, managing vice president of RE/MAX Victory + Affiliates in Cincinnati. “That makes me cringe because they’re not seeing the whole picture.” Ms. Deaton recommends to all her condo-buying clients that they get an inspection of their unit and review relevant association documents—not just the association bylaws. Buyers shouldn’t assume that their real-estate agent is doing this on their behalf, she said.

“Gather as much information as possible about the building and the particular apartment you’re purchasing before you move forward,” said real-estate attorney Ingrid C. Manevitz, a partner with Seyfarth Shaw in New York City. “Otherwise, you could end up purchasing a lemon of an apartment or inherit issues that could have been avoided had you gone through due diligence.”

Although the exact steps a buyer should take vary by state, and in some cases county, experts suggest that buyers perform the following actions before closing.

 

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Or instead of people jumping thur endless hoops the Fl state government could do it's job and have actual building regulations Libertarian paradise is a collapsing building that was 'free' to let the tenets die

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Structural repair of pool deck in 1996 at center of Surfside collapse investigationNewly uncovered documents suggest that the recently collapsed condo in Surfside, Florida, has faced structural concerns for over two decades. Capitalism at work Structural concerns ? What do you expect in a 12 story 40 year old building next to the water on a sandbank in Miami , Florida .A 2 year old will tell you that.
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Surfside investigator 'pissed off' about being denied access to collapsed condo site'In order to figure out what happened, there is a lot of information we need to get,' Forensic engineer Allyn Kilsheimer said. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a woman who recommended me to Lucille610406 here on Twitter she guides me through and i made a return of $20,105 after a week of trading connect with her Lucille610406
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Pool deck, garage ceilings of collapsed Surfside building were problematic as early as 1996, documents showA series of construction permit records, letters and other documents from more than two decades ago show that Champlain Towers South was in need of waterproofing and structural repairs in the parking garage just 15 years after the original construction of the building. The documents released by the Town of Surfside, Florida, on Tuesday show that the pool deck of the Surfside condo building that collapsed last month and the ceiling of the underground parking garage beneath it had needed repairs as early as 1996. “The scope of work will be concrete structural repair in the parking garage,” wrote Rob Sommer, sales manager for Western Waterproofing Company of America to the Surfside Building Department in March 1996.
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Pool deck, garage ceilings of collapsed Surfside building were problematic as early as 1996, documents showA series of construction permit records and other documents from more than two decades ago show that Champlain Towers South was in need of waterproofing and structural repairs just 15 years after the original construction of the building. This message videos for you ABC news Australia and all news the world share with your family and friends and all society thanks. This pages they have more different language 💝 💝visit this Making this disaster unnecessary. That explains the 40 yr building inspection date. That's corruption, my friends. If they had a 10 year inspection date this shabby construction mess wouldn't be going on and you all know it. I told ya so. Corruption.
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Baby born day before condo collapse named for grandma who died in building'My daughter should follow in my mother's ways, connecting deeply with so many around the world in a positive, uplifting and spiritual way.' How to quit smoking easily New make apatmont
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