Keys to Purchasing a Condo or Co-op by Friedman et al.
This is an excellent purchase if you intend to purchase a condo
or coop in the not too distant future. The authors explain the
investment value of condominiums, as well as tax benefits and
the process of qualifying for a low-interest loan. The process
involves an offer, contract and close to transfer title.
A typical checklist of things will involve the following:
o price o maintenance fees
o parking o storage facilities
o life style o ownership approval
o location o utilities
o budget o by-lawsImportant documents must be formulated; namely, a declaration
of 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/broker This work is an important acquisition , if you intend to buy
a co-op or condominium. The paperwork and legal issues are
considerable. This text explains the details in simple English
with examples of how to fill out the paperwork and negotiation
complexities. It is well worth the price.
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