Cover image for Keys to purchasing a condo or a co-op
Title:
Keys to purchasing a condo or a co-op
Author:
Friedman, Jack P.
Personal Author:
Edition:
Second edition.
Publication Information:
Hauppauge, NY : Barron's Educational Series, [2000]

©2000
Physical Description:
vi, 167 pages ; 21 cm.
General Note:
Includes index.
Language:
English
Added Author:
ISBN:
9780764113055
Format :
Book

Available:*

Library
Call Number
Material Type
Home Location
Status
Central Library HD1390.5 .F75 2000 Adult Non-Fiction Non-Fiction Area
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Summary

Summary

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.


Table of Contents

Dedicationp. vii
1. There Is a Condo for (Almost) Everyone!p. 1
2. What Is a Condominium?p. 3
3. What Is a Co-op?p. 5
4. Ownership and Use of Common Areasp. 7
5. Managementp. 9
6. Bylawsp. 11
7. Condominiums and Co-ops as Investmentsp. 14
8. Vacation Condosp. 17
9. Affordability and Loan Qualifyingp. 21
10. Owning Versus Rentingp. 24
11. Multifamily Versus Single-Familyp. 27
12. Choosing Between a Condo and a Co-opp. 30
13. Condo-/Co-op-Buying Processp. 32
14. A Buyer's Brokerp. 34
15. The Internetp. 36
16. Pitfalls When Buyingp. 38
17. Co-op Checklistp. 41
18. Condo Checklistp. 43
19. Making an Offerp. 45
20. Negotiationp. 47
21. Negotiation Pointsp. 49
22. Sales Contractsp. 51
23. Binders and Attorney Review Periodp. 54
24. Environmental Factorsp. 56
25. Mortgage Typesp. 59
26. Financing a Co-op Purchasep. 62
27. Financing a Condo Purchasep. 64
28. The Closingp. 67
29. The Special Case of Conversionsp. 70
30. Condominium Documentsp. 73
31. Co-op Documentsp. 75
32. The Co-op Proprietary Leasep. 77
33. Co-op Shareholders' Rights and Responsibilitiesp. 79
34. Co-op Tenancyp. 81
35. Fees, Rent, and Maintenancep. 83
36. What Happens If You Don't Pay Your Fees?p. 85
37. Property Taxesp. 87
38. Insuring Your Homep. 89
39. Repairs and Maintenancep. 91
40. Property Improvements, Alterations, and Repairsp. 93
41. Property Managementp. 95
42. Recreational Facilitiesp. 97
43. Working with the Operating Boardp. 99
44. Home Ownership and Income Taxesp. 101
45. Condo/Co-op Tax Considerationsp. 104
46. Taxation of Second and Vacation Homesp. 106
47. Estimating Total Costs of Condo Ownershipp. 109
48. Keeping Recordsp. 112
49. Dealing with a Developer or a Converterp. 114
50. Conflicts Among Residentsp. 117
51. Leasing or Subleasing Your Unitp. 119
52. Selling Your Unitp. 121
53. Seller's Use of a Brokerp. 124
54. Seller Financingp. 126
55. Terminating a Condo or Co-opp. 129
Questions and Answersp. 131
Glossaryp. 139
Payment Tablesp. 153
Indexp. 163

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