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What is Condominium?

A condominium is an individual unit that is within a larger building, similar to an apartment style building. As a condo owner, you are investing in a shared interest in a community with a group of other owners. An HOA governs and maintains the community and the common areas. Funded by a monthly maintenance fee that is collected from the residents living within the association.


How to Buy Your First Condo. Step by Step Infographic


Steps to Buying a Condo

Let's take a quick look at what to expect during the process of buying a condominium, a patio home, or even a townhome. These are all similar styles of properties and are usually categorized the same and present the same approach when analyzing a property.

1. Find an Agent (and Loan…

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We recently took a look at the value of the most iconic homes from our favorite 90s TV Shows and wondered if they would still be affordable in today's market.

Based on the average salary for their profession and considering all things were equal. Good credit, little to no debt, and enough savings to put 20% down. Would it be possible for them to still comfortably afford that same house today?


List of Shows:

Seinfeld | Roseanne | Fresh Prince of Bel-Air | Full House | The Simpsons | Married with Children | Friends | Frasier | Family Matters | The Sopranos

1. Seinfeld Apartment

Front of Seinfeld Apartment building

Location: 129 W 81st St New York, NY
Estimated Rent: $3,000-$3,500
Affordability/Income: $125,000+ year

Owner/Tenant:…

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