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Keys to Purchasing a Condo or Co-Op

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ISBN-10: 0764113054

ISBN-13: 9780764113055

Edition: 2nd 2000

Authors: Jack P. Friedman, Jack C. Harris

List price: $7.95
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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 mystery out of finance and investment for ordinary consumers. These easy-to-read books offer up-to-date advice on saving, investing, protecting one's assets, coping with taxes, and prudent management of personal finances.
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Book details

List price: $7.95
Edition: 2nd
Copyright year: 2000
Publisher: Barron's Educational Series, Incorporated
Publication date: 10/1/2000
Binding: Paperback
Pages: 180
Size: 5.25" wide x 8.25" long x 0.50" tall
Weight: 0.440
Language: English

There Is a Condo for (Almost) Everyone!
What Is a Condominium?
What Is a Co-op?
Ownership and Use of Common Areas
Condominiums and Co-ops as Investments
Vacation Condos
Affordability and Loan Qualifying
Owning Versus Renting
Multifamily Versus Single-Family
Choosing Between a Condo and a Co-op
Condo-/Co-op-Buying Process
A Buyer's Broker
The Internet
Pitfalls When Buying
Co-op Checklist
Condo Checklist
Making an Offer
Negotiation Points
Sales Contracts
Binders and Attorney Review Period
Environmental Factors
Mortgage Types
Financing a Co-op Purchase
Financing a Condo Purchase
The Closing
The Special Case of Conversions
Condominium Documents
Co-op Documents
The Co-op Proprietary Lease
Co-op Shareholders' Rights and Responsibilities
Co-op Tenancy
Fees, Rent, and Maintenance
What Happens If You Don't Pay Your Fees?
Property Taxes
Insuring Your Home
Repairs and Maintenance
Property Improvements, Alterations, and Repairs
Property Management
Recreational Facilities
Working with the Operating Board
Home Ownership and Income Taxes
Condo/Co-op Tax Considerations
Taxation of Second and Vacation Homes
Estimating Total Costs of Condo Ownership
Keeping Records
Dealing with a Developer or a Converter
Conflicts Among Residents
Leasing or Subleasing Your Unit
Selling Your Unit
Seller's Use of a Broker
Seller Financing
Terminating a Condo or Co-op
Questions and Answers
Payment Tables