Villa Regina, A Condo

Milestone inspection

Structural integrity reserve study (SIRS)

The building

What to ask before you write an offer

• Ask for the reserve study itself, not a summary of it. The number that matters is the per-unit share and the year it lands.
• Ask what the association has actually funded. A study that identifies a $4M roof and a reserve account holding $200,000 is a special assessment wearing a disguise.
• Ask for the last two years of board minutes. Litigation, insurance non-renewal, and deferred maintenance show up there before they show up in a filing.
• Ask whether the seller is paying any assessed amount at closing. This is negotiable, and it is frequently negotiated badly.

Sources: Florida DBPR condominium registry; Miami-Dade Property Appraiser. Public records change — re-verify before you act.

Important Disclaimer — Please Read. This page is provided free of charge, for general educational and informational purposes only. It does not constitute professional inspection, engineering, structural, construction, legal, financial, investment, real estate, or other professional advice of any kind, and it should not be relied upon as the basis for any decision regarding the condition, safety, purchase, sale, financing, investment in, leasing, or ownership of any condominium unit, building, or association interest.

Why this is free. This page is offered at no cost as an introduction to The Gioia Group at Nationwide Realty International, LLC. Using it, or sending us your contact information through it, does not create a brokerage, agency, fiduciary, employment, or attorney-client relationship of any kind, does not make you a client, and obligates you to nothing.

All information is compiled from public records and may contain discrepancies, omissions, or inaccurate, incomplete, outdated, or false information. An absence of a filing is not proof that an inspection or study was not performed. This page does not inspect any building and cannot detect actual structural defects, hazards, reserve shortfalls, litigation, or insurance status. No warranty of any kind, express or implied, is made as to accuracy, completeness, or timeliness.

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