Low-income condos don't always live up to the name CharlotteObserver.com, NC - When Dickinson closed the deal in July, he said he was making more than $52000. Dickinson said he does not believe his ownership of the condo violates any ...
An Abandoned Tower Sows Dismay in Riverdale New York Times, United States - The view from Edward Bell?s house in the Bronx is the unfinished condo tower that pitted neighbor against neighbor when developers came calling to buy them ...
CONDO CALAMITY San Diego Union Tribune, CA - 12 minutes ago And it wasn't supposed to be possible, since lenders frown on making loans to condo buyers if a majority of units are not owner-occupied. ...
Things to do when your mortgage is paid San Francisco Chronicle, USA - One tip: If you are going through a divorce, and one of you will end up owning the entire property, consider making the transfer while you are still married ...
The hole in the middle of rebirth Boston Globe, United States - In announcing the shutdown, the developers said they would resume construction in 90 days after redesigning the project in hopes of making it more ...
Building community Boston Globe, United States - Then I should be making you casseroles and bringing them over." Before settling on Berlin, Journeay and her partners spent a year trying to find the perfect ...
Luxury, Bargains and Smaller Crowds New York Times, United States - Dec 5, 2008 By MATTHEW PREUSCH WITH the Dow dropping faster than Daron Rahlves at Hahnenkamm, and condo sales kaput, these are dark times for ski resorts. ...
Downtown revamp ahead for New Baltimore Detroit Free Press, United States - City leaders are making their case by showing a recent economic development study that indicates businesses, new condos and apartments would thrive. ...
Should I Initial That Box? Beacon Media News, California - Dec 4, 2008 I can assure you that most sellers really don?t care; as they (the seller) only want the property to be sold ? it is the seller?s agent making that request. ...
Source: Google News
Recent News and Articles on the Keywords: condo + purchase + makings Related to the article below (Last Update: 8/4/2008)
More couples taking home-buying leap Atlanta Journal Constitution, USA - Michelle Fini (left) and Kristy Llewellyn ditched their condo in the city for a spacious house in Buford. Marin Stephenson, 28, and Dan Kraushaar, 30, ...
Mission Bay condominium complex stands out San Francisco Chronicle, USA - "There's a limit to what you can do - that's the reality of real estate - but we see the clear benefit" of making the effort to build something distinctive, ...
Breaking the Bubble Manhattan Living Magazine, NY - Not only are condo prices too high for many spec investors, but the sizable co-op market presents many hurdles for those want to buy and quickly flip ...
Firm's foreclosure net snags ex-condo owners Palm Beach Post, United States - Volume is key to making money for firms that specialize in foreclosures. Bryan estimated they charge $1200 or so per case, a fraction of what he said ...
Northern New England tourism appears to be down Forbes, NY - "It's the weather," said Preston, who is seeing people shortening their stays in the cottages, condos and apartments he rents out. ...
Debate over real estate goes online Seattle Post Intelligencer - Aug 3, 2008 David Minear, a Shoreline engineer who owns two condos and often posts comments, was more blunt. "I think most real estate agents are about as sleazy as ...
Foreclosure Foreshadowing InjuryBoard.com, FL - The increase in the value of their home is not making people richer. If I were to sell today and buy a property that has the same amenities, I would have to ...
The Descriptive and Prescriptive Use of Previous Purchase Price in Negotiations - KA Diekmann, AE Tenbrunsel, PP Shah, HA Schroth, … - Organizational Behavior and Human Decision Processes, 1996 - Elsevier ... Alternatively, buy- fected by the sunk costs of the seller when making ers may
accurately ... Obviously, less for the condominium with the lower sunk costs. If ...
[BOOK] Factors Influencing Resident-owners in Making the Decision to Purchase a Condominium Living-unit HDW Jackson - 1971 - University of Wisconsin--Madison
[PDF]The HomePages - PYN Home, MA Offer, PY Finances - newhomes.org ...Making An Offer Agreement of Purchase and Sale {Condominium Sidebar} Other
Legalities Features and Upgrades While You Are Waiting ...
Buying a Piece of Paradise?Teaching Note - RA Cook, RH Wolverton - Journal of Teaching in Travel & Tourism, 2003 - haworthpress.com ... A timeshare purchase as opposed to a condominium purchase would allow ... From a
decision-making perspective it could also be argued that the Reynolds engaged in ... -
[CITATION] Before You Buy a Home HMHCY Afford -
V DiLorenzo - Real Prop. Prob. & Tr. J., 1989 - HeinOnline ... Nevertheless, shared decision making justifies a subjective consent requirement. ...
be utilized by the typical condominium because the purchase price is ...
[PDF]Index U Residential, L Application - age - media.wiley.com ... 368 late payment, 91 latent defects, 274, 275 lawyer purchase agreement and ... 368 Legal
Description of Subject Property, 138 legal documents for condo, 171?172 ... -
Source: Google Scholar
The makings of a profitable condo purchase
By Bob Bruss
July 25, 2006
Don't buy or sell a condominium, co-op or townhouse without first reading Ken Roth's revealing new book, "Everything You Need to Know Before Buying a Co-op, Condo, or Townhouse." Written by an experienced Florida real estate attorney and condo investor, this important handbook exposes the good and bad of these specialized properties.
Not only is this book enjoyable, easy reading, but the author's many personal experiences explain how to avoid potential pitfalls. Roth, who lives and practices law in south Florida, highlights the differences between co-ops, condos and townhouses, their drawbacks and their advantages.
Whether you are thinking of buying as a personal residence, or you are a speculating investor looking for a "quick flip" profit, the author explains how to protect yourself, especially when purchasing a new condo from a professional developer. Roth emphasizes what is negotiable in such purchases and what is non-negotiable when dealing with new construction.
Along the way, the author discusses what makes a profitable condo purchase, such as location, view and amenities, and how to avoid paying too much. The book's final chapter ties everything together and shares how to sell your condo for maximum sales price.
I found especially interesting the author's criteria for when it pays to renovate just before selling. His rule is don't renovate unless the improvements will increase the unit's marketability compared to competitive units on the market for sale.
The most valuable parts of the book are when Roth, after explaining the facts, provides his personal viewpoints based on many years of owning multiple condos and his law practice experiences representing clients. Such information is priceless when determining what to look for and what to avoid when buying a condominium.
Heavy emphasis is placed on the role of the board of directors who manage the homeowner's associations. Many condo buyers are unaware when they purchase they become members of a mini-democracy and they must submit to the decisions of the governing board made up of fellow owners. As a condo owner, I especially related to Roth's description of the "condo commando" member who wants to take charge of virtually every condo homeowner's association.
Chapter topics include "Preparing for the Search"; "Comparing Properties"; "Buying Directly from a Developer"; "Buying a Resale"; "Welcome to the Association: Dealing with the Board of Directors"; "Understanding the Paperwork"; "Financing Your Purchase"; "Living in Your Condominium, Co-op or Townhouse"; and "Selling the Property." The book concludes with a 90-question, multiple-choice quiz about the book's contents.
By far, this is the best "how to buy a condominium" book I've read. It is ultra-complete, explaining both the legal and practical aspects, as well as the pros and cons of condo ownership. The many personal examples add realism to the contents, along with the featured paragraphs called key point, read and heed, teaching point, and keep in mind. On my scale of one to 10, this outstanding book rates an off-the-chart 12.
"Everything You Need to Know Before Buying a Co-op, Condo, Or Townhouse," by Ken Roth (AMACOM Publishing, New York; 2006; $18.95; 197 pages), Available in stock or by special order at local bookstores, public libraries and www.Amazon.com.
