Do condos and townhomes sell differently than houses?

Condos and townhomes sell on different factors than detached houses, since HOA fees, reserve fund health and any pending litigation weigh heavily on a buyer's financing and decision in a way lot size and yard condition do not. Lenders also scrutinize a condo association's finances before approving a loan, which can slow a sale unrelated to the unit itself. Brian Beatty reviews HOA documents early on these listings so financing surprises do not appear late in the deal.