HOA responsible for repair of 2nd floor balcony concrete cracks?

[Sue Duvall]

Buyer interested in condo in very nice, well known housing village - except for cracks in concrete. About 4 long cracks with significant crack entirely around outside post/whole corner of balcony? HOA fees are just over $300 monthly. HOA contract says owners responsible for interior and association for exterior. Haven't heard back from HOA and seller already moved out of state. She and Listing agent have been made aware but no feedback. No inspections have been made. Realize could offer credit to fix or lower bid - just wondering if I'm thinking right? I'm a new agent with virtual company, so no close mentor. Thank you for any advice!