What is a 40 Year Inspection, and as a Buyer, should you be concerned?
If you are looking for a condo in South Florida, there is a good chance that the condos you will be looking at may be at least 40 years old, and if not, will be 40 years old someday… As a Buyer, you need to be aware that 40 Year Recertification of buildings is required by ordinance in Miami-Dade and Broward Counties. These Recertification ordinances apply throughout the counties and their incorporated cities. The purpose of these ordinances is to ensure that the buildings are structurally and electrically safe and intact. The repairs that could possibly be required can be costly, and you need to ask questions..
“Why can’t my home sell?” We hear that every day…. We don’t know all of the answers, but we know that beginners will make “Rookie” mistakes, and these mistakes can cost you money, and worse may cause you to lose a sale!!! To compound the problem, half of the Realtors will go along with you for the ride, just to get your listing!!! If your home or condo is sitting while buyers come and go, this could be for entirely valid reasons, and some of them may surprise you. If you are in a market that has been punished because of layoffs or homes being overbuilt, there is not a lot that you can do, other than to either drastically reduce the price, or even
