how do condominiums work

What Members Of Every HOA Should Know About Condo Deconversions – hire and work with their own broker. Rather, the HOA hires a broker. In a bulk sale, brokerage and legal costs on a per unit basis are typically less than the cost of selling an individual unit. How.

How Ryan Cos. chose NY architect for condo tower – Ryan decided to bring RAMSA in for a condo project because it is one product type in which the economics work out for an expensive design, Ryan said. Apartments would not bring the income needed to.

Frequently Asked Questions About Condo Hotels – When you’re buying a condo hotel property in pre-construction, which is primarily what trump condo hotels sells, the prices are usually not negotiable. The developer sets them, and everyone abides by them, including in-house salespeople and outside co-brokers.

Why Wealthy Baby Boomers Are Forsaking Single-Family Homes for Luxury High-Rise Condos – In the following conversation, Gruber, 63, describes life inside the posh, 42-story condo building and tells why, for the.

Financial District condo 77 Greenwich launches sales from $1.78M – While none of the condos have private outdoor space (only the one penthouse), the residences do share access to a handful of green spaces throughout the building that are designed by Brooklyn’s Future.

Welcome to the world of condo loan rules. Not only do the rules for a condo loan vary greatly between FHA loans and conventional loans, but also each lender’s investor may have her own set of rules (called overlays). Unlike a single-family home loan, condo loans are different, and not every condominium project qualifies.

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How does condo insurance work? | Hawthorne Insurance Center –  · More than an apartment yet different from a house, your condo is more than just a roof over your head – it’s your home. As a unique housing option, condominium insurance works a little differently than other types of insurance but our Hawthorne Insurance Center is here to ensure you understand all the basics for your unit.

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Are your condo's reserves adequate? | HowStuffWorks – If your condo does end up with a big expense and there isn’t enough money in the reserve fund to pay for the repair, you (and everyone else in your condo) may have to pay a special assessment [source: McClellan].This happened to a friend of mine a few years ago.

Condominium – Wikipedia – A condominium, often shortened to condo, in the United States of America and in most Canadian provinces, is a type of living space similar to an apartment but independently sellable and therefore regarded as real estate. The condominium building structure is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. Similar concepts in other.