Condominium Offering Plan - A Broker's Perspective

Among the many topics, this class will include:

• Don't leave it to the Attorney to answer questions. Know your buildings inside and out! 20 min
• Special Risks: What do they mean to my buyer?
• Schedule A:
      -  How'd they come up with that?
      - What makes the common charges for the unit?
      - How come the price is more or less than what is in the schedule A?
• Is heat included? How accurate is proposed budget? Interpreting the schedule B.
• Working capital, reserve funds, and inflation.
• Closing costs – they're more expensive than you thought.
• What if my stove doesn't work? – Walk thru rights / procedures.
• Mortgages, money and contingencies.
• Will it be noisy? Interpreting the engineering report.
• Can I have my pet Iguana in the building? Reading the by-laws.
• Amendments to the plan.

Sarah Burke is an Executive Vice President at Prudential Douglas Elliman where she is the director of their Williamsburg office.  With 13 years of real estate experience she has worked on over 25 developments through out Brooklyn, Queens, Manhattan, New Jersey and Philadelphia including The EDGE in Williamsburg. She received her BFA from New York University.