More buyers, both young and old, are seeking a lifestyle free from the chores normally associated with traditional single-family home ownership. Common interest real estate associations fit the bill for those buyers since in most cases, the exterior maintenance is the association's job. This course covers a wide range of topics: The differences between, the advantages and disadvantages, the covenants, conditions and restrictions, tax implications and financing of condominiums and cooperatives. We will also examine the concerns when a complex is new or old, large or small. Emphasis throughout the course will be to identify the areas the agent needs to verify before the seller puts the unit on the market or the buyer makes an offer on the property. Age restricted complexes will be covered briefly.
