It’s really a bigger conversation about all condo units and boards. Sometimes the reserves are chronically underfunded and purchasers of resale older units don’t know the condition. Assessments and full transparency of previous board actions would be very helpful to have as required disclosure to future purchasers.
Honestly having that sort of info available pre-escrow would be even better. Why do I have to put an offer on a condo before reviewing their reserve study? Shouldn't the study affect my offer amount?
