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.

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.

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.

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.

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

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.

"Featuring Kay's exclusive buyer's checklists"--Cover.