How To Buy A Condominium Or Townhouse

The process of the contract, pre-closing issues and closing concerns are reviewed in a step-by-step fashion.

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.

While many of the steps in buying a home are the same as buying a condominium, townhouse, or apartment, there are many critical differences. This new book offers a complete overview of these special, usually smaller, residences.

One third of all homes sold today are condos, co-ops, or townhouses. America's #1 real estate expert shows what to watch for when buying one of them. Home ownership is still the American dream, but not everyone follows tradition by buying a detached one-family house. Condos, co-ops, and townhouses are increasingly popular alternatives nationwide. These "shared ownership" options have unique pluses and minuses, as Bob Irwin reveals in Tips & Traps When Buying a Condo, Co-op, or Townhouse. Like other books in his best-selling "Tips & Traps" series, it's packed with targeted, reader-friendly advice. If you're a prospective buyer, Bob Irwin will show you how to: Decide if shared ownership is right for you Read between the lines of bylaws Deal with homeowners associations Check out the seven warning signs of big trouble Handle disclosures and inspections And much more

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.

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.

At last a book that guides the reader through the perils and opportunities of buying a home within a community association. Condominiums, townhomes, cooperatives, and single-family homes within a community association share similar issues with respect to financial and governance surprises that may affect your pocketbook and quality of life. Learn how to ask for the right information, ask the right questions, and decide for yourself the best home that reflects your values, lifestyle, and budget—and of course to help avoid a major surprise after purchase. David T. Schwindt, certified public accountant, consultant, and reserve study specialist, brings over thirty years of experience with community associations in an easy-to-understand resource that you will find invaluable in making the right decision for you and your family. Included with each informative chapter are tips, best practices, and ways to create community and harmony within an association.

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