Tips and Traps When Buying a Condo, co-op, or Townhouse
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Product Description
Steer clear of money pits and target the top properties in this hot investment sector!
Condos, co-ops, and townhouses account for more than one-third of real estate sales in the United States. Fully updated to address the many changes that have occurred in the market since the first edition, Tips & Traps When Buying a Condo, Co-Op, or Townhouse, Second Edition, covers all the bases to help you navigate the process of buying into a shared-ownership development.
Product Details
- Amazon Sales Rank: #198492 in Books
- Published on: 2006-12-18
- Original language: English
- Dimensions: .65" h x 6.20" w x 8.94" l, .67 pounds
- Binding: Paperback
- 208 pages
Editorial Reviews
From the Back Cover
Hunting for your dream co-op, condo, or townhouse? Don't even think of buying one until you check with one of America's leading real estate experts!
Buying a condo, townhouse, or co-op is like marrying into a family, writes Robert Irwin in Tips & Traps When Buying a Condo, Co-op, or Townhouse. It can be a dream come true of shared amenities you could not afford on your ownlike pools, golf courses, lakes, and spas. Or you could find that you've married into a dysfunctional "family" and you're living in a nightmare of real estate politics, hidden fees, and draconian approval processes.
Now best-selling real estate writer Robert Irwin lays out the many things you need to know when buying a condo, townhouse, or co-op, much of which goes beyond buying a single-family home. Make your condo, townhouse, or co-op dreams come true with practical advice that will save you time and money:
- Learn the 7 "red flag" questions
- Evaluate the property's future value
- Understand homeowners' rules
- Check out hidden shared legal hazards
- Rate insurance coverage and cash reserves
- Uncover potential financial liabilities
- Discover what dues histories mean
- Determine who's responsible for maintenance
- Conduct a thorough inspection and investigate disclosures
About the Author
Robert Irwin is one of America's leading experts in real estate and the author of more than 50 books, including Tips & Traps When Negotiating Real Estate. His real estate titles have sold more than one million copies.
