what is a condominium house

My husband and I are interested in a condo. Is buying one very different from purchasing a house? How do we get started? The short answer to your question is that buying a condominium involves a.

But the rentals don’t always deliver. If you’ve ever booked a rental house or apartment online, you probably know what I mean. Wide-angle lenses make a condo appear roomier than it is, and the.

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Condominiums are owned in fee simple, which is the same as a house, townhouse or villa. Co-ops are not held in fee simple, the owner owns part of the ownership of the building (kind pf like being a stockholder) it is slightly different thatn owning a condo, but in the end it is basically the same for the owner in practice.

Buyers can choose between a traditional house or a condominium when purchasing a home. Aside from location, housing type is one of the most important decisions you must make. Homeowners purchase.

Why a condo is a good idea-maybe better than a house Condos are less expensive than houses. According to the National Association of Realtors (NAR), the median existing house price was $241,700, as of January, 2018. The NAR also reported the median existing condo price was $231,600, also as of January, 2018. That’s a difference of only.

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how to assume a mortgage How To Assume a Mortgage – How To Do Things – When you assume a mortgage you are taking over the loan and payments from the seller of the home. Assumable mortgages can be tricky, however, so you will need to be on your toes when it comes to this method of buying a home.

Condominium definition, an apartment house, office building, or other multiple-unit complex, the units of which are individually owned, each owner receiving a recordable deed to the individual unit purchased, including the right to sell, mortgage, etc., that unit and sharing in joint ownership of any common grounds, passageways, etc.

Fast-moving flames sent tenants running from their homes, after a fire broke out in a Crystal Lake condominium building..

A condo (short for condominium) is a building that’s been divided into several units, like the condos around downtown Orlando FL. The units are sold separately to individual owners. Each unit in a condo comes with its own deed or title.

Those of us who have house-shopped in northern Virginia know that real estate prices are often directly connected to which.