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Tips and Traps When Buying a Condo, co-op, or Townhouse (Tips & Traps)
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List Price:
$16.95
Special Price:
$11.53
Your Savings: $ 5.42 ( 32% )
Subject To Change Without Notice
Availability: Usually ships in 24 hours
Manufacturer: McGraw-Hill
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Average Customer Rating:  
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Binding: Paperback
Dewey Decimal Number: 643.12
EAN: 9780071467957
ISBN: 0071467955
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 208
Publication Date: 2006-12-18
Publisher: McGraw-Hill
Studio: McGraw-Hill
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Editorial Reviews:
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Steer clear of money pits and target the top properties in this hot investment sector! Condos, co-ops, and townhouses account for more than one-third of real estate sales in the United States. Fully updated to address the many changes that have occurred in the market since the first edition, Tips & Traps When Buying a Condo, Co-Op, or Townhouse, Second Edition, covers all the bases to help you navigate the process of buying into a shared-ownership development.
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Spotlight customer reviews:
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Customer Rating:
Summary: Very Informative Book
Comment: This is a very good, informative book on condos and townhouses. It is written in an easy-to-read style. I learned a lot, for example, did you know that when you buy a condo you're just buying an airspace up in the sky that just happens to be enclosed by a building? If an earthquake destroys the building in 50 seconds, you're out on the street, homeless, even though your airspace is still up there floating in space, and you will still owe the mortgage payments on it! Also, you have to get permission from the HOA (homeowner's association) to make any little changes to the condo or your unit. They are often power-mad control freaks who won't let you change anything, and there is political infighting. Makes you think twice about buying a condo! The author also covers all the sneaky traps lying in wait for the naive buyer. A must read for first time condo/townhouse buyers.
Customer Rating:
Summary: Great resource!
Comment: As someone just getting in the market, I really had no idea what differentiated condos from single-family homes other than the way they looked. This book really helped me think about the pros and cons of both types of homes. I found myself drawn to condos because you don't have to worry about any exterior elements, like yards, community areas, etc. All of that is taken care of for you. But, that comes with a cost. This book shows you how to decide if that cost is worth it, what to ask about so that you don't end up in a building with a bunch of lawsuits pending (that you might end up paying for) and how to know if your building is prepared for disasters, new roofs and other such events. It was really eye-opening!
Customer Rating:
Summary: Excellent source of information for the new home buyer!
Comment: Tip & Traps when Buying a Condo, Co-op, or Townhouse, was an excellent source of information. It is a "must have" for any new home buyer looking for property. I found it to be very helpful while searching for my home.
Customer Rating:
Summary: Read this book before you leap into a shared ownership
Comment: This book showed me the "red flags" to look for when evaluating a shared ownership developement and helped me to avoid buying into a nightmare. Ohhh, I'm so glad I read this book.I read 4 other books on buying a condo and this book was by far the most practical and answered my questions. The format is easy to read and quickly search. The tips and traps opens your eyes to what you're getting yourself into. Learn from the experiences of others and make the right choice for your lifestyle. Don't buy into a dysfunctional developement. It can be a legal, financial and emotional nightmare. Thanks to Robert Irwin's advice, I passed on several developements and kept searching until I found the right condo developement for me. It has been a great choice. The book was a helpful resource during the buying process. Highly recommend.
Customer Rating:
Summary: not for city buyers
Comment: The title may talk about "condo, co-op, or townhouse" but it is clear the author has nothing in mind but those awful suburban townhouse or condo developments. There are numerous references to density being bad and to things like counting the number of parking places. Not of use to someone who is interested in purchasing actual city housing.
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