I work at CondoGrade and would be happy to start this discussion. Our goal is to create financial transparency in the condo real estate market. Whether you are a buyer looking for a new building, a seller looking to increase your property’s market value, an agent looking to provide superior service or a lender looking to determine the risk associated with a condo property, CondoGrade has the collection of tools and data you need to achieve your goal.
We just launched our paid product at https://condograde.com/ and would love to hear thoughts and feedback from the ProductHunt community!
Report
Maker
Hey Product Hunt,
I am the Co-founder of CondoGrade. Here is our story....
Most people don't know that 80% of new housing construction is happening inside of some type of homeowners or condo association. Community living is getting more and more popular, yet living with strangers is very, very hard. Here are the results of a recent survey about condo living:
45% of condo owners say that buyers should know more about the quality of the association before they purchase.
53% say condo ownership has been harder than they expected.
40% say condo ownership has been more expensive than they expected.
70% of condo associations are underfunded.
The last stat is alarming. 70% of condo associations do not have the money or budgets to keep up with regular maintenance and repairs of their building(s). This means that new purchasers will be stuck footing the bill for owners that did not contribute enough in the past.
Today, you can get multiple reviews for every burrito in the country, but you cannot get the financial information for the governing body of your largest asset until the contract phase of a real estate transaction.
We are bringing financial transparency and risk assessment to the condo buying process by providing a CondoGrade Report.
I am here to answer any questions. We would love to hear some feedback.
I will post a coupon code for PH very soon.
Thanks.
