Keys to Purchasing a Condo or a Co-Op

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.