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Why Buy a Condo Instead of a House?

A condominium is a form of ownership in which owners share an interest in common areas, such as parking structures and shared yards, and hold title separately to their individual units. Owners are...

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Why Buy a Condo?

Condominiums, or condos, provide for cost-effective entry into the real estate market for many homebuyers. Beyond financial reasons, a decision to purchase a condominium can relate to your lifestyle...

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How to Buy Condo Insurance

Condominium insurance--also referred to as an HO-6 policy--differs from typical homeowner's insurance. Most condo associations tackle the responsibility for insuring exterior building walls and common...

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What Do I Need to Buy a Condo?

Purchasing a condominium or condo is similar to buying any other type of real estate. Money and credit are essential qualifications for acquiring a condo. Since condos are typically in buildings with...

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Tips on How to Buy a Condo

While many aspects of buying a condo are similar to the traditional single-family home mortgage process, not all condos are created equal, according to Bankrate. Thoroughly investigating this type of...

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Condo Buying Checklist

A condominium is not homeownership in the truest sense. When you buy a condo, you own only what is inside the walls of your unit. Outside of those walls, the residents of the complex share ownership in...

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Reasons to Buy a Condo

While housing in general is characterized by the benefits of appreciation, leverage and tax write-offs, every housing type comes with its unique set of pros and cons. And the type of housing that fits...

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Questions on How to Buy a Condo

The prospect of buying a condo instead of a single-family home may initially seem to make financial sense, but it is not always the wisest social or economic option, according to both Bankrate.com and...

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How to Find a Condo to Buy

In tough economic times, fewer people can afford to buy homes than in times of prosperity. Buying a condominium is the right choice for some people, since it provides ownership and a place to live with...

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Questions to Ask a Realty Lawyer Before Buying a New Condo

The decision to purchase a condo is a major financial decision. Real estate professionals help potential buyers sort through the mounds of paperwork and translate the obtuse legal jargon into plain...

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How Do I Buy a Condo With Low Income?

Condominiums, or condos, are an inexpensive way to enter the housing market. As a condo owner, you will own only your unit while the areas around it, such as pools, tennis courts and greenbelts, are...

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Advantages & Disadvantages of Condos & Coops

Condominium units give buyers individual ownership of their personal apartment or town home, and provide shared ownership of all public spaces. Coops feature a similar arrangement, though owners must...

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How to Buy a Foreclosed Condo

It's possible to find condos at rock-bottom prices by searching the foreclosure pages. Mortgage lenders can foreclose on a property when the borrower defaults on the mortgage agreement, but use...

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Can I Buy a Condo Using Equity from My Primary Residence?

It can be difficult to find a mortgage lender for a condominium in a soft market, or in the case of buying the condo for use as a rental property. Lenders charge higher rates on income property...

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How Much Money Do You Need to Buy a Condo?

Buying a condominium, like buying any real estate, involves a cash investment. The amount of money you need to finalize a purchase contract depends on several factors, all based on the agreed upon...

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What Is a Time Share Condo?

Ownership of a time share condo gives you the pleasure of using a vacation spot for a certain time of the year and a certain number of days, depending on your agreement. You usually pay annual...

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How to Buy a Condo With a Friend

The increased scrutiny that potential home buyers face has caused many people to consider alternate ways of buying a house. One option is for friends to purchase a property together. Condos are a good...

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How to Buy a Condo Vs. Renting

Buying a condo requires an attention to detail not required when looking to rent. Unlike renters, condo buyers must be vigilant as many hidden costs are associated with buying that simply don't exist...

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How to Negotiate When Buying Condos

The purchase of a condo can be the largest financial transaction of a person's life. The purchase is made that much more difficult by the purchase obligation also including assumption of condo fees for...

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How to Buy a Rental Condo

Condos make effective rental properties. They have many of the same benefits of single-family residences but with one key difference: When you buy a condo, you have a condominium or homeowner's...

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