Ebook Free The Complete Guide to Purchasing a Condo, Townhouse, or Apartment: What Smart Investors Need to Know Explained Simply, by Susan Smith-Alvi
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The Complete Guide to Purchasing a Condo, Townhouse, or Apartment: What Smart Investors Need to Know Explained Simply, by Susan Smith-Alvi
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While many of the steps in buying a home are the same as buying a condominium, townhouse, or apartment, there are many critical differences. This new book offers a complete overview of these special, usually smaller, residences. These units can be good options for first-time home buyers, for those who want a vacation getaway, investors, and those who want to downsize their living space. These housing units are usually less expensive than a single family home and can include attractive amenities.
In purchasing one of these units there will be a lot of people to deal with, from realtors, condo boards, attorneys, to bankers. There is a ton of paperwork with terms and vocabulary that read like a foreign language. In this new book you will find vital information and great strategies for finding the home you want faster and feeling confident about the purchase. You will learn to avoid some of the most prevalent and potentially dangerous and expensive mistakes made by others.
The book covers the entire, unique process of buying one of these shared living houses in an easy-to-understand way, pointing out dozens of hints and suggestion as to what to look for as well as demonstrating the many mistakes common with these types of investments. You will learn how to find the best opportunities, to negotiate, finance, budget, handle pre-construction issues, set values, and make the offer. You will be able to define what you are buying (and what you are not) issues on your right to sell, lease, or mortgage. You will be prepared for restrictions pertaining to children, pets, parking, vehicles, boats, music, maintenance of windows, doors, screens, air conditioners, plumbing, club memberships, recreation facility leases, use of recreational facilities, and common areas.
In addition, you will learn the advantages of using credit reports, home warranties, insurance, creative financing, closing procedures, moving plans, closing and settlement inspections, and certain legal contracts. You will have instruction in obtaining mortgages which government agencies can help, considerations for veterans, IRA use, hiring an attorney, calculating monthly payments, and establishing an escrow account. The real estate and mortgage glossaries alone are invaluable resources, even for the old hand at property acquisition.
Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.
This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 288 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.
- Sales Rank: #1236418 in eBooks
- Published on: 2013-03-21
- Released on: 2013-03-21
- Format: Kindle eBook
About the Author
Susan Alvis has her Tennessee real estate license in retirement. She is the author of How to Creatively Finance Your Real Estate Investments and Build Your Personal Fortune: What Smart Investors Need to Know; How to Buy Real Estate Without a Down Payment in any Market: Insider Secrets From the Experts Who do it Everyday, and How to Become a Million Dollar Real Estate Agent in Your First Year. Currently, she is working on several non-fiction books on gambling related material as a ghost writer and under her own name. She has started writing romance novelettes under a pen name and is realizing success in fiction writing as well. Susan also speaks to teens and young adults in a gripping message every teenager in America should hear. She lives in Northeast Tennessee with her husband, Brent, and their two children, Matthew and Amber.
Most helpful customer reviews
11 of 12 people found the following review helpful.
Interesting read, good info, but fairly short with a lot of fluff
By Brian Stepanek
The good: This book was a very interesting read...I really liked the way that it was written, I couldn't put it down. All of the information was good, and while some of it was common sense knowledge, there were a lot of new points and questions the book brought up that really made me think. I'm really glad I read this book.
The bad: Almost half of the book's size is useless amortization tables that you can easily find online. I think they added these [...] pages with the sole purpose [...]. Because of that, I have to deduct two stars.
8 of 9 people found the following review helpful.
A jewel of a find!
By Kadene Porter
You would be surprised at the differences between purchasing a house and opting for a condo, apartment or townhouse! This guide totally demystifies the documents and the process, laying bare the restrictions (the plusses too!) associated with shared living. My own changing lifestyle necessitated a move from a house with all its trappings, to a townhouse complex, and at first my misgivings left me with an air of uncertainty as to what to expect. The invaluable information I found in this handy manual took me step by step through the process, covering areas I am sure would have been overlooked. Those important documents including clauses relating to disclosure statements and warranties, options and ordinances, became a lot less threatening after my virtual tour of the entire process through this exhaustive guide. I even found to my utter delight, a full amortization table based on 30 years, a glossary that simplified much of the industry terminology, sample condominium rules and regulations, and last but not least, a questionnaire that prompted me to think of issues which may have later resulted in pesky little problems. The Complete Guide was for me, a jewel of a find!
9 of 11 people found the following review helpful.
Complete Guide to Purchasing a Condo
By Jennifer L. Flaten
The author takes great pains to dispel those lingering myths about condo ownership. She does this in a light easy tone. The book has a good layout in an easy to read format. The chapters flow nicely into one another. The author has included some very interesting case studies and anecdotes provide by others in the Real Estate field.
The book is full of strong practical advice. It also pulls no punches, she makes it clear that condo townhome ownership is not for everyone. She makes sure to cover not only the good points but the bad ones as well, especially in the area of Homeowners Associations-she explains their importance and how to deal with them. All of this done in an easy friendly manner with a welcome touch of humor.
The book is an excellent checklist for anyone considering buying.
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