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

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

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 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, 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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