Somewhat limited experience with condos here, but I am aware of a few things that need to be considered when buying one.
First is the competence of the management company and also the HOA board. People who live in a condo building are relying on the management company to keep up the property well and to address issues promptly as they come up. The board represents the wishes of the residents, so you want to be sure that whatever rules are in place are things you agree with.
It's also good to take a look at the financials. You get charged an HOA fee that goes towards the maintenance of the building. That includes the everyday stuff and also major long term projects like putting on a new roof, etc. If the association runs short of money, they may call for a special assessment to cover an unexpected cost.
So from my limited experience with my Mom's condo....
They had a small family-run management company and tons of involvement by residents who were on the HOA board. These folks were retired business people who had experience in a lot of relevant areas (finance, construction, etc),. People tended to live in their units for many years and had a commitment to the community. That resulted in an association was really well run. They kept a tight rein on costs but always were careful with keeping up with maintenance. And for instance, they ended up phasing out owner rentals because they wanted owners only living in the community, not renters. There was an on-site manager and he helped run interference for the residents with the management company.
Monthly HOA fees weren't cheap but they were reasonable and the community had no special assessments for 30 years. Right around the time my mom went into memory care and I sold her condo, they had their first special assessment ever. Later the small management company went out of business and that role was taken over by a much larger national outfit. They weren't as responsive as the previous group and residents haven't been nearly as happy with the new management.
Anyway, just want to note some of the things that can affect your costs and your day-to-day life that are out of your control and that come with condo living.
@Daniel said in What do you all think of this apartment?:
But what are the insurance laws if no mortgage
It will depend on what the condo association covers. They typically have a statement of what their policy covers, and then an insurance agent can help you get the appropriate level of coverage that you pay for, to cover what you are responsible for.
As for the units you've posted, I noticed that the first one is a short sale and that the sale is Pending, which means there's a deal about ready to close.
The second one sold in June 2024, I'm guessing it got remodeled and went up on the market in July 2025. They've reduced the price a little, but it's been on the market for 200 days. I don't know if that's typical for your area, or if it means that there's an issue with it or maybe it's overpriced. A realtor can provide you with comps of similar units that have sold recently so you can get a better idea whether the price they are asking is reasonable.