Keys to Purchasing a Condo or Co-Op

Name: Keys to Purchasing a Condo or Co-Op
Price: 3.32 USD
Availability: InStock
ISBN: 9780764113055

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.

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



Dedication



There Is a Condo for (Almost) Everyone!



What Is a Condominium?



What Is a Co-op?



Ownership and Use of Common Areas



Management



Bylaws



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



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


Glossary


Payment Tables


Index