Holding Title to A Condo
With condominiums becoming increasingly popular among today's homebuyers, it is a good time to clarify the terms of ownership that seem to confuse many people. Condo-type residences most commonly fall into two categories - condominiums and townhouses.
A condominium is usually a multi-story structure. Each owner-resident has a deed of ownership for his own unit and owns the space within the unit, but not the land under the structure. Therefore, condo units can be stacked vertically. Condo owners share title to the common areas of the development, including land, exterior of buildings, hallways, roofs and swimming pools -- all areas used by all occupants. Each owner pays property taxes on their unit. Also, a monthly fee is paid to the homeowners' association that is used for managing and maintaining all common areas.
A townhouse, or town home community is usually a series of single- or two-story housing units, each linked to each other horizontally by common walls. Each owner hold title to their unit and the land beneath it, thus these units cannot be stacked vertically. Typically, a townhouse unit will be a two-story residence, with the living area downstairs and bedrooms upstairs. Common areas belonging to the townhouse development are owned jointly. Each townhouse owner pays property taxes and association fees.
Do These Real Estate Tips Really Apply to YOU? I've learned these tips through years of experience as a top real estate agent. But I know that YOUR situation might be different. That's why I'm here. It's my job to personally advise homebuyers and sellers. Ask me if any tip that I've included here really applies to your situation. Do any of these tips raise questions for you? Didn't find what you're looking for? Let me know! I am happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
What island in the St. Lawrence River was given away on a television game show in 1964?
|
| A |
Price is Right Island was given away by Bill Cullen on "The Price is Right." |
 See More Real Estate Trivia > |
|
|
Bonnie Fagoh
C21 Beggins Enterprises
6542 US Hwy 41 N Ste 1
Apollo Beach, FL 33572
Office: 813-658-1344
Fax: 813-658-1477
Cell: 813-390-7606
BonnieFagoh@NUMBER1EXPERT.com
Bonnie Fagoh Awarded Centurion **
Bonnie Fagoh of Tampa Coastal Homes at Century 21 Beggins in Apollo Beach Florida has been awarded Centurion level recognition AGAIN this year!***
In a year that experts have noted as a difficult one, Bonnie has quietly gone on with what she loves and that is helping families sell their current homes at the best price the market will bear and/or find fantastic deals in this coastal community and it shows! She had her best year yet in 2011. "What I have found in 2011 is that many people are very frustrated with the "foreclosure bargains" that they had considered, only to find after many aggravating months and much frustration with the lenders that it is just not worth the wait. They miss out on some great buys waiting on short sale approval, or are outbid on a bank owned property. Of course, these distressed properties are "as is", in need of repair and neglected so they may not be the "best deal". I have helped families buy brand new homes with full warranties and close in 30 to 45 days. (Many short sales take 4 to 6 months or more and can "fall apart" right at closing). Some big national builders having recently started raising their prices showing how well this market has bounced back. Investors have also come back into the market, snapping up the homes under $200,000. You don't have to compete with these cash buyers on new homes, and you get full warranties and closing cost assistance from builders. Of course all the normal due diligence has to be performed. For example, what is the history of the neighborhood? Many of these factors cannot be determined from photos or a written description... No, in today's market as competitive as it is it pays to go with a pro that is very knowledgeable about the local area. You need to know that a Realtor is serious about the profession. " I have lived in my area since 1990 and in Tampa Bay since 1965 so the trends to me are clear, says Bonnie." Contact me and I will be happy to show you our beautiful Tampa Bay and Apollo Beach area and the wonderful deals we have in this coastal community! 
www.TAMPACOASTALHOMES.COM is brought to you by
Bonnie Fagoh
NUMBER1EXPERT™ for
Tampa homes for sale, Apollo Beach homes for sale, and Fishhawk homes for sale, Florida - Tampa Bay Real Estate, Tampa Luxury Villas FL Read Bonnie Fagoh's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
