The Condo and Co-op Handbook: A Comprehensive Guide to Buying and Owning a Condo or Co-op - Softcover

Woodson, Roger

9780028618111: The Condo and Co-op Handbook: A Comprehensive Guide to Buying and Owning a Condo or Co-op

Softcover

ISBN 10: 0028618114 ISBN 13: 9780028618111

Publisher: Wiley, 1998

Now You Can Be An Insider, Too You've decided to buy a condo or co-op. Before you dial a Realtor, use the expert step-by-step guidance in The Condo & Co-op Handbook to make certain you'll get what's right for you. Condos and co-ops are similar in many ways, but this book will help you understand the differences. Learn what tax advantages and financial gains and liabilities you can expect from each, as well as how they will affect your lifestyle. This clearly organized guide gives you instant access to all the information you need to:

Know the differences between condos and co-ops.
Evaluate potential risks and rewards.
Understand how management boards and associations work.
Find a space compatible with your values and your means.
Choose a broker, lawyer, and other experts.
Inspect, evaluate, and rate before you buy.
Follow the negotiating, contracting, and financing process.
Sell or rent your condo or co-op.

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Review:

Asset enhancements, financial liabilities, and tax advantages--all important issues--can differ significantly with co-ops and condos, yet they're the kind of terms that generally make one turn the page or fall asleep. However, if you're considering an investment of the condo or co-op kind, it's worth your while to read up on all the legal, fiscal, and organizational nuances before you plunk your sizable down payment down. Starting sensibly enough by explaining the definitions of and differences between condos and co-ops, Roger Woodson delineates clearly and easily the risks and rewards of this particular realm of the real-estate market. He discusses condo-owner associations and the impact they have on your lifestyle, wallet, and legal obligations. He explains the corporate workings of co-ops, their shares of stock, your voting power, and the costs of co-op ownership. Woodson furthermore covers issues of repairs, inspections, and contracts, investment, tax, and selling your share. He explores all the pros and cons of condo versus co-op ownership, helping you sort out which arrangement is best for you. Demystifying accrued interest, acquisition cost, amortization schedules, and assessment ratios, Woodson brings effortless clarity to homeowner jargon and real-estate realities. --Stephanie Gold

About the Author:

Roger Woodson is a licensed real estate broker, developer, and builder. He is a seasoned how-to writer who has authored more than 40 books.

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