
Did you know? Let
your agent do the negotiating with buyers and keep your cool.
Keep your eye on the goal which is to sell your home netting the
highest possible price. Know that buyers will want to pay less,
want price breaks and have you pay for real and imagined
fix-ups. If necessary, be willing to compromise.
Condo fact of the day...Did you
know? A property owners'
association usually manages the complex and collects fees from
all condo owners in order to maintain common areas.
Facts
about coops...The owner has
no deed, only stock and a proprietary lease which has a term from
10-50 years renewable automatically or at the discretion of the
shareholders. He/she cannot refinance his unit as a condo owner can.
Mortgage, property tax and maintenance fees are paid pro rata by the
owner according to the percentage of the overall size of the unit.
Property tax appeals involve the corporation and the stockholders. |