Tips & Traps When Buying A Condo, Co-op, or Townhouse - Softcover

Irwin, Robert

3.42

36 ratings by Goodreads

9780071348485: Tips & Traps When Buying A Condo, Co-op, or Townhouse

Softcover

ISBN 10: 0071348484 ISBN 13: 9780071348485

Publisher: McGraw-Hill, 1999

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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

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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 own��like 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, one of America's leading experts in all areas of real estate, is the author of more than twenty books, including McGraw-Hill's best-selling Tips and Traps series. For more of Bob Irwin's real estate tips and traps, go to www.robertirwin.com.

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