what do you own when you buy a condo

Difference Between Condos vs. Townhouses vs. Detached Homes - Real Estate Tips When you buy a condo, on the other hand, you own real property and a deed, pay your property-tax bills directly to the city and pay a monthly common charge that’s lower than a co-op maintenance.

When you buy a condo, you’re buying into the entire community-including its rules on everything from when and where it’s OK to let your dogs off the leash to whether RVs are allowed in your.

how to use home equity Using your home’s equity may be the best way for you to do it. Banks typically lend up to 90 percent of the equity value you’ve built in your home. So, for example, if you have $150,000 in home equity, you may be able to borrow up to $135,000, using your home as collateral.

This is an important question to ask when buying a condo. When you own a house, you can do as you please, run off to Antarctica for 2 years and rent out your home. When you buy a condo, however, you have to abide by the rules and regulations of the association.

Before you go running to put your house on the market to save money, make sure you’ve done all of the math to ensure buying a condo is a good investment. gardener or someone who enjoys keeping your.

how long is an fha appraisal good for Cover story: Strategies shift as buyers again face competition – “Many still think it’s OK to make a low offer and to ask for closing-cost assistance, but they really need to come up with a good, realistic offer. generally, FHA and VA loan appraisals are more.

Condo Buying Still requires real estate agents Whenever you shop for a purchase as large as a home or condo, consulting the experts is a must, especially for first-time buyers. finding a real estate agent who has experience in matching condo sellers with condo buyers can mean the difference between a long and frustrating process and a.

Here's what you need to know before buying a condo.. and the flowers planted than it is for 100 different people to try to do it on their own.

A house is your canvas, to do with. more affordable buy for first-time homeowners. When you give up having a yard and a stand-alone property, you may actually be able to afford to own a property in.

If you're planning to buy a condominium, you're probably not going to stay in your new home very long. More than half of all condo buyers.

About one in eight homebuyers is buying a second. location, and you’re wondering whether you should get yourself a permanent place there. Or you’re emerging from a long, cold winter, and you’re.

Buying a condo allows you to wade into homeownership without plunging into the responsibilities of a single-family home. Before you buy a condo, ask the right questions to avoid making a mistake.