Buying a condo may seem straightforward, but the reality is that it comes with layers of complexity that most buyers—and frankly, many agents—don’t fully understand. Recently, I represented an investor client who was purchasing an off-market condo through a wholesaler. On the surface, it looked like a quick, easy, all-cash deal. But within days, it became clear that without an experienced condo buyer’s agent, this transaction could have ended in a $160,000 disaster.
From the beginning, I raised the question of the condo resale certificate—a critical document that Missouri law requires sellers to provide. This certificate includes essential information about the association’s rules, fees, assessments, and restrictions. In this case, the seller’s representative, acting for the wholesaler, not only ignored repeated requests for it but also said it wasn’t provided. That was wrong and dangerous advice. Without that resale certificate, my client could have unknowingly bought into problems that could take years to unwind. The title company didn’t step in to correct the issue either, which shows how easy it is for something so important to slip through the cracks if no one is watching out for you.
When the title commitment came back, it revealed something else—board approval was required to purchase in the building. That’s another nuance of condo ownership that many buyers don’t realize: your purchase isn’t final until the condo board says it is. I pressed the issue directly with the HOA’s finance department, which led to a call from the board president. That’s when the real twist surfaced—after running my client’s name from the trustee letter, the HOA discovered he was on the sex offender registry. Even though he was buying as an investment, the board immediately denied the sale. Without my persistence, my client might have wired $160,000, taken title, and only then found himself in litigation with an HOA that could refuse his ownership.
Situations like this are why condo buyers—whether first-time homeowners, downsizers looking for a low-maintenance lifestyle, or seasoned investors—need an agent who understands the legal requirements, the association’s governing documents, and the potential pitfalls. Missouri and Illinois each have their own condo statutes, and each HOA can impose additional rules. From uncovering hidden requirements like board approval to making sure you get the documents you’re entitled to, having a knowledgeable advocate can be the difference between a smooth move-in and a costly nightmare.
Condo owners thinking of selling should take note, too. A qualified agent can help you anticipate and resolve these issues before you even list, preventing delays or failed sales that can damage your property’s marketability.
I’m glad my client will get his $5,000 earnest money back, but it’s clear how easily the outcome could have been very different. If you’re buying or selling a condo, don’t leave it to chance—hire someone who knows the process inside and out.
Thinking about buying or selling a condo?
I would be happy to use my knowledge and experience to look out for you and your interests just like I did my client in this story and all my clients.
A recently released documentary sheds light on St. Louis’s rich architectural heritage, centered around its iconic use of brick. The film traces the city’s brick legacy, revealing how local clay, craftsmanship, and historical events like the 1849 fire shaped the city’s skyline. It explores not only the artistry and resilience of St. Louis’s brick buildings but also the challenges posed by neglect and urban decay. The full documentary is available below, offering an immersive dive into this fascinating history.
One highlight of the film is its emphasis on the unique aesthetic qualities of brick, as one contributor notes: “Brick absorbs sunlight… the same building can glow pink in the morning and turn golden in the afternoon.” This ever-changing palette has contributed to St. Louis’s distinctive character, with its streets lined by intricately designed brick homes and buildings. The documentary also delves into the city’s transition to brick following the devastating 1849 steamboat fire, which destroyed much of downtown and spurred new construction mandates prioritizing fireproof materials like brick.
However, the film doesn’t shy away from the darker side of this legacy. It highlights the current threats to St. Louis’s architectural identity, including urban decay and brick theft. Local historian Michael Allen laments, “Every time a building goes down, we lose a little bit of our memory…aesthetic beauty and craftsmanship that uplifted everyday lives.” Efforts to preserve the city’s heritage remain vital, ensuring that St. Louis’s unique architectural story continues to inspire future generations.
At MORE, REALTORS®, we understand the importance of preserving St. Louis’s rich history while helping our clients build their futures. Whether you’re buying, selling, or investing, our team is committed to the highest ethical standards and deep community expertise to guide you through every step of the real estate process.
The full documentary transcript and video can be viewed below for a comprehensive exploration of St. Louis’s brick-built legacy.
Uncovering St. Louis’ Brick Legacy Brick by Chance and Fortune Documentary
If your home contains Zonolite attic insulation (ZAI), which is known to include vermiculite contaminated with asbestos, you may be eligible for reimbursement through the Zonolite Trust Fund. This fund, created as part of the bankruptcy proceedings of W.R. Grace & Co., helps homeowners offset the cost of removing hazardous insulation. Below, we outline how you can file a claim and access the resources needed to ensure a smooth reimbursement process.
How to File a Claim
To receive reimbursement, you’ll need to provide documentation proving that vermiculite-based ZAI was present and has been removed from your home. Accepted evidence includes contractor statements, receipts, photos of ZAI packaging or insulation samples, and certified lab tests confirming vermiculite in your attic. If you haven’t yet removed the insulation, it’s crucial to retain detailed records from your contractor to support your future claim.
What You Need to Know
Claims can be submitted through the Zonolite Trust website, where you’ll find all necessary forms and instructions. Homeowners are reimbursed for 55% of their removal costs, up to a capped amount. Claims are processed on a first-come, first-served basis, so early submission is recommended to avoid delays. The trust aims to resolve claims efficiently while ensuring that funds are distributed equitably.
Helpful Resources and Full Procedure Below
For more information on the eligibility requirements and to access the official claim forms, see the links to resources below. Additionally, the complete distribution procedure from the U.S. Bankruptcy Court—detailing how funds are allocated—is provided below for homeowners and legal professionals. This document outlines the rights and responsibilities of claimants under the reorganization plan for W.R. Grace & Co.
Don’t miss this opportunity to recover costs and protect your home—file your claim today and ensure your insulation concerns are addressed.
UNITED STATES ZONOLITE ATTIC INSULATION (“US ZAI”) PROPERTY DAMAGE SETTLEMENT TRUST DISTRIBUTION PROCEDURES
Missouri Online Real Estate, Inc. 3636 South Geyer Road - Suite 100, St Louis, MO 63127 314-414-6000 - Licensed Real Estate Broker in Missouri
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