The Condo TRAP No One Warned You About | Important to Know When Buying Condos in New Smyrna Beach FL
Автор: Living in New Smyrna Beach Florida
Загружено: 2025-12-19
Просмотров: 206
Описание:
Buying a condo in New Smyrna Beach looks like the ultimate dream—ocean views, maintenance-free living, and a slice of paradise. But right now, there is a financial "trap" waiting for uneducated buyers that can turn that dream into a nightmare. In this video, I expose the hidden risks rocking the Florida condo market and specifically what you need to know before signing a contract in New Smyrna Beach.
The reality of owning a condo in Florida has changed dramatically. Between skyrocketing insurance premiums and the new state laws regarding "Milestone Inspections" and fully funded reserves, many owners are getting hit with massive special assessments they never saw coming. I break down exactly how to read a condo budget, what questions to ask the HOA, and how to spot a building that is about to hit its owners with a five-figure bill.
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00:00 The Condo TRAP No One Warned You About | Important to Know When Buying Condos in New Smyrna Beach FL
01:28 What is a Warrantable condos?
05:00 What is a Non-Warrantable condo?
08:55 Non-Warrantable Horror Story (-$8500)
13:02 What is Co-op Ownership?
18:17 Co-op Condos Ownership Story
22:00 Why does all of this matter?
22:57 How to Protect Yourself
26:24 Final Takeaways & Pro Tips
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