Condominiums And Townhouses What You Need To Know Before And After Buying

Condominiums are going up in cities all over the world at a rapid pace. For many people it will be their first home. Many buy without knowing what they are getting themselves into. In this book you will: 1. Explore whether condominium living is for you. 2. Come to understand the different types of condominiums. 3. Be introduced to various legal condominium documents. 4. Understand what you own if you buy a condominium. 5. Learn how a condominium is run, and the role of the Board. 6. Understand how and where maintenance fees are spent. 7. Explore your rights and responsibilities as an owner. 8. Narrow down which condominium is right for you. 9. Learn to protect your investment if buying a new condominium. 10.Know what to look for in a real estate agent. 11.Find out about other professionals who can help you. 12.Learn what a Reserve Fund Study is. 13.And much more. Find out what you need to know before and after buying a Condominium or Townhouse by reading this book.

A lot of information has been published for those who wish to buy acondo as a principal residence, but not for investors who want toexpand into the condominium market. Investing in condominiums isnot about being caught up in the mass hysteria of lining up to buya pre-construction unit in a "hot neighbourhood" and hopefullyflipping it at a profit when it's built. On the contrary, investingin condos can be a very good way to generate solid returns whendone according to the proven strategies outlined in the book. Investing in Condominiums will show readers the ins andouts of profitable condo investing by sticking to investingfundamentals, carrying out proper due diligence, and having an exitplan. Pre-construction condominiums, especially in Toronto andVancouver are sought-after by both Canadian and internationalinvestors. The stable economy, low-interest rate environment, andappreciating values are a recipe for investor success. Investingin Condominiums gives Canadian investors the nuts and bolts ofundertaking such an investment based on real-life examples andexpert knowledge. By reading this book, the investor can proceedwith full confidence knowing that they are asking the rightquestions, doing the math, and assembling the right team of expertsthat will help them realize their investment goals.

"A timely, admirable book. Barnabic recognizes the paradox inherent in the idea of shared private property. He provides would-be buyers with a checklist of things to look for when assessing the financial stability and long-term viability of a particular condominium corporation." -BENJAMIN GIANNI, Associate Professor, Azrieli School of Architecture and Urbanism, Carleton University "I particularly like the description of the 100-unit complex example. Barnabic's expertise is invaluable to those considering condominium ownership and to those who may find themselves on the board of a condominium association." -KIMBERLY WINSON-GEIDEMAN, Ph.D., prolific author on real estate and Professor of Finance, Insurance, Real Estate, and Law at the University of North Texas The Condo Bible for Canadians is a buyer beware and owner beware book that reveals the legal and practical realities of condo ownership, compares owning a condo with owning a house/renting an apartment, and advises consumers on the dangers of the condo real estate market, given ... The debilitating market crashes of the late 1990s and 2006 The effects of today's record low interest rates, in which: Developers are enticing consumers into condo ownership by allowing low or even no down payments Real estate prices are soaring out of the reach of those with average incomes The market is being flooded with condo units, creating an oversupply that could prove disastrous Barnabic writes that very few consumers are aware that: One defaulting unit owner can affect the well being of all unit owners A high percentage of units being rented out may be a sign that the complex may be converted into an apartment building A condo association's default on a common loan can cause the demise of the whole condo complex and its individual units The Condo Bible for Canadians also includes: The Ten Commandments of Condo Buying Recommendations and remedies for government and financial institutions, condo associations, and condo boards to make condo ownership safer Dan S. Barnabic is a noted consumer advocate and a keen observer of condo proliferation. He worked in real estate as an agent, broker, property manager, and condominium developer. His over three decades in the real estate industry began in the 1970s and intensified after he witnessed the major real estate crashes of the late 1980s and 2006.

Everything You Need to Know Before Buying a Co-op, Condo, or Townhouse delivers just what it promises: a one-stop guide to the challenges of buying, owning, living in, and ultimately selling these homes. It's critical to understand all factors before sealing your deal: the search, negotiations, taxes, HOA/co-op boards, repairs, flip rules, and more---and it's all here.

Whether you're new at the home-buying or selling game in Canada, or whether you've played it before, most of us dread the onslaught of flashy, fast-talking real estate agents and property managers. Well, help has arrived. This revised edition of "Buying and Selling a Home For Canadians For Dummies" prepares you to get what you need and want when buying a new home or selling the one you're in. Everything from arranging your finances and hiring an agent, to researching neighbourhoods and assessing home values is presented in a clear and humorous way to help you get the most out of the process. Important information to help you: Market your home and sell for the highest possible price Negotiate the best price and terms of sale Find the right new neighbourhood with reasonable prices and the type of housing to suit you and your family Decide whether or not to hire an agent and tips on how to choose a good one Select the best mortgage and understand tax considerations Updated in the 2nd Edition: Examining zero percent down payments, lines of credit and other alternatives to conventional mortgages Using the 'Net: New, useful sites - and what to watch out for Buying condominiums: An expanded chapter full of useful information on what you need to know before you buy Selling your home on your own: Expanded online resources and tips Fixing up your home to sell: Tips from the designers on how to make your home as sellable as possible

This guide was developed to assist buyers in choosing a condominium which meets their personal and financial needs. The guide provides buyers with an overview of the operation of different condominiums and important questions to address when choosing a condominium to meet the lifestyle and financial needs of the buyer. In addition, the guide provides instructions on evaluating the financial and physical status of an existing condominium. Information on evaluating the physical condition of the individual unit, the condominium building and grounds, and the financial status of the condominium is also covered. Contact information for acquiring additional information and assistance is included.

Purchase a home within your budget Find the right mortgage that works for you Price and sell on your terms Selling? Buying? Here's what you need to know Looking for your dream house? Want to make your house someone else's dream? The new edition of this friendly guide shares secrets to help you reach your next stage in life. If you're buying, discover how to decide whether you need an agent, know what to consider as you shop, what you need to know about mortgages, how you can compare homes, and more. If you're selling, find out how to price your home, what selling will cost you, how to market your house, what's important about listings, and how to handle appraisals. Enjoy success whether you're buying or selling! Inside... Planning for your first home Discovering who the players are Analysing your finances Understanding inspections and surveys Deciding if you want to sell Sprucing up your home Negotiating and bargaining

Offers a complete overview of these special, usually smaller, residences. It points out dozens of hints and suggestion as to what to look for as well as demonstrating the many mistakes common with these types of investments. You will learn how to find the best opportunities, to negotiate, finance, budget, handle pre-construction issues, set values, and make the offer. You will be able to define what you are buying (and what you are not) issues on your right to sell, lease, or mortgage. You will be prepared for restrictions pertaining to children, pets, parking, vehicles, boats, music, maintenance of windows, doors, screens, air conditioners, plumbing, club memberships, recreation facility leases, use of recreational facilities, and common areas. In addition, you will learn the advantages of using credit reports, home warranties, insurance, creative financing, closing procedures, moving plans, closing and settlement inspections, and certain legal contracts. You will have instruction in obtaining mortgages -- which government agencies can help, considerations for veterans, IRA use, hiring an attorney, calculating monthly payments, and establishing an escrow account. The real estate and mortgage glossaries alone are invaluable resources, even for the 'old hand' at property acquisition.