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Work with you to evaluate offers and negotiate a price Many of these tasks require insider knowledge honed after years in the business. You need someone who has familiarity with your market and ...
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Membership in a condo is obtained by buying the shares on the open market, most often through a real estate agent. No board approval is needed to buy shares, but in some cases other stockholders or the housing cooperative itself has the right to claim the stocks being sold. There is usually no requirement for the owner(s) to live in the condo.
The rate of homeownership in the United States, as measured by the fraction of units that are owner-occupied, was 64% as of 2017. [1] This rate is less than the rates in other large countries such as China (90%), Russia (89%) Mexico (80%), or Brazil (73%) (see List of countries by home ownership rate ).
Under condominium ownership only the separate condo owners provide financing. Particularly when interest rates are high, a conversion sponsor may find unit buyers more easily under the cooperative arrangement as buyers will have less financing to arrange on their own; the apparent purchase price of a unit in a cooperative building holding an ...
The 31-year-old and her wife loved their condo in Essex County, New Jersey, for its close proximity to New York City and the fact that they had secured a 3.75% mortgage interest rate when they ...
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