Keys to Purchasing a Condo or CO-OP (Barron's Business Keys)
The authors explain the difference between condos and co-ops, and help readers decide which is best, depending on one's personal circumstances. Barron's easy-to-understand Business Keys take the... This description may be from another edition of this product.
Format:Paperback
Language:English
ISBN:0764113054
ISBN13:9780764113055
Release Date:October 2000
Publisher:Barrons Educational Series
Length:167 Pages
Weight:0.45 lbs.
Dimensions:0.5" x 5.3" x 8.3"
Customer Reviews
1 rating
Keys to Purchasing a Condo or Co-op by Friedman et al.
Published by Thriftbooks.com User , 20 years ago
This is an excellent purchase if you intend to purchase a condoor coop in the not too distant future. The authors explain theinvestment value of condominiums, as well as tax benefits andthe process of qualifying for a low-interest loan. The processinvolves an offer, contract and close to transfer title.A typical checklist of things will involve the following:o price o maintenance feeso parking o storage facilitieso life style o ownership approvalo location o utilitieso budget o by-lawsImportant documents must be formulated; namely, a declarationof intent, bylaws, budget and deed. There are a number of important internet sites for buyers of co-ops and condos; namely,fanniemae.com hudgovlenders hud.gov/brokerThis work is an important acquisition , if you intend to buya co-op or condominium. The paperwork and legal issues areconsiderable. This text explains the details in simple Englishwith examples of how to fill out the paperwork and negotiationcomplexities. It is well worth the price.
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