Everything You Need to Know Before Buying a Co-op,Condo, or Townhouse

Overview

"If you’ve been thinking about buying a co-op, condo, or townhouse, you probably know that you can’t get much useful information from the books about buying houses. The obstacles you face are different—and often a lot more complicated. If you’re not fully prepared and properly informed, the buying process and even ownership itself could turn into a nightmare.

Price and financial situation are only part of the equation, and it’s important to understand all the factors before deciding what sort of home to pursue. ...

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Overview

"If you’ve been thinking about buying a co-op, condo, or townhouse, you probably know that you can’t get much useful information from the books about buying houses. The obstacles you face are different—and often a lot more complicated. If you’re not fully prepared and properly informed, the buying process and even ownership itself could turn into a nightmare.

Price and financial situation are only part of the equation, and it’s important to understand all the factors before deciding what sort of home to pursue. Everything You Need to Know Before Buying a Co-op, Condo, or Townhouse is a one-stop guide to the particular challenges of buying, owning, living in and ultimately selling these homes. Inside the book, you’ll find complete and indispensable information on:

finding the right type of home for you • negotiating and making a sensible and strong offer • the financial and tax considerations unique to each type of home • dealing with homeowners’ associations and co-op boards • rules, rights, and responsibilities of ownership • repair responsibilities and renovation isses • maintenance and common charges • flip taxes, restrictions, and other selling issues

There’s valuable information about buying both new construction and resales, dealing with developers and real estate agents, and deciphering the mountains of paperwork involved in even the simplest transaction, from contract to closing documents.

You’ll also learn secrets for increasing the value of your investment and preparing your home for sale—even if that day is a long way down the road.

There’s more than one kind of dream home, and each kind has its own unique issues. Everything You Need to Know Before Buying a Co-op, Condo, or Townhouse will help you make sure your dream comes true!"

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Editorial Reviews

From the Publisher

Robert Bruss, nationally syndicated real estate columnist: "Don’t buy or sell a condominium, co-op or townhouse without first reading Ken Roth’s revealing new book...Not only is this book enjoyable, easy reading, but the author’s many personal experiences explain how to avoid potential pitfalls...By far, this is the best ‘how to buy a condominium’ book I’ve read...On my scale of one to 10, this outstanding book rates an off-the-chart 12."

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Product Details

  • ISBN-13: 9780814473252
  • Publisher: AMACOM
  • Publication date: 7/17/2006
  • Pages: 240
  • Sales rank: 1,445,440
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.90 (d)

Meet the Author

Ken Roth is a lawyer specializing in real estate issues and has more than 20 years of experience in real estate. He is a licensed Realtor® and residential property manager in Florida, and is the author of The Successful Landlord. He lives in Pompano Beach.

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Table of Contents

"Introduction

Chapter 1 What’s in a Name?

Chapter 2 Preparing for the Search

Chapter 3 Comparing Properties

Chapter 4 Buying Directly from a Developer

Chapter 5 Buying a Resale

Chapter 6 Welcome to the Association: Dealing with the Board of Directors

Chapter 7 Understanding the Paperwork

Chapter 8 Financing Your Purchase

Chapter 9 Living in Your Condominium, Co-op, or Townhouse

Chapter 10 Selling the Property

Appendix Test Your Knowledge

Index

About the Author"

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