A condo is a shortened form of condominium. Condominiums are owned according to the provisions of laws that govern the ownership of real property and condominium law, which may vary in different jurisdictions. Generally, a condominium project is a form of fee ownership by which several owners share ownership of a multi-unit building(s) by each owning their respective units within that building.
In addition to their unit, each owns a proportionate interest in the land that forms the condominium property and common areas of the condominium such as pools, recreation areas, game rooms, community rooms, elevators, stairwells, corridors, streets, surrounding land, laundry rooms, and unassigned parking areas. Unit owners pay monthly fees for their share of the upkeep and maintenance of the community and special assessments when extraordinary repairs or improvements must be made. For example, if there are ten units the unit owners would each own a 10% interest in the common areas.
By the acceptance of their unit deed each unit owner agrees to have their unit subject to the provisions in the Master Deed and any rules and regulations promulgated by the unit owners' association. Although a condominium is governed by statutory law which allows promulgation of rules and regulations and assessing of monthly fees and special assessments, the ownership of a condominium unit is considered a fee simple estate. That means the owner has the right to sell that unit and if she dies, ownership of that unit will pass to her heirs.
An estate sale is a type of sale or auction to dispose of the majority of the materials owned by a person who is deceased or will be moving.
A court appointed executor has the power to sell the real estate if the power to sell real estate was granted in the will or by a license of the court. If the beneficiary is the sole beneficiary and the proceeds from the sale of the real estate are not needed to pay debts then the beneficiary may be able to obtain a ruling from the court against the selling of the real estate.
Depends on broker
If both parties agree that they do not want to pursue the contract for the purchase and sale of real estate they can mutually agree to void the contract.
Real Estate Agents make 3% of the sale of a house. That is 3% for the buying real estate agent and 3% for the selling real estate agent. So this can range widely by house prices. Most real estate agents incomes vary from part time work at $20,000/year to full time commercial real estate agent at $100,000+/year. It all depends on how many houses you sell and how hard you work at it.
Coldwell Bankers, Weichert, Realtor, and several other Real Estate Sites offer listings for condos. Zillow has listings by real estate brokers and real estate agents.
The Des Moines Register real estate listings are printed in the classified section under real estate. Real estate listings include homes for sale, condos, foreclosures, real estate auctions, land for sale, businesses for sale and other real estate classifieds.
Vail Real Estate has their own website that has features a variety of condos for sale. Zillow also provides previous history on Vail condos along with the value of the property.
There are a number of real estate agencies in Houston that have condominiums for sale. Some of these agencies are 'Best Houston Condos', 'Zillow', 'Realtor' and 'Trulia'.
You can find condos for sale in Seattle by contacting your local real estate agent. You can also visit the official Seattle Condo site to see what is currently available.
There are many ways to find a condo for sale in the Greater Toronto Area. Kijiiji is a great online site where people list condos for sale. One can also contact Real Estate Agencies such as Markham Ontario Real Estate. Another good place to find condos for sale is in the classified section of most city newspapers.
One can find Condos for sale in Lincoln, Illinois via a number of real estate websites. Listings can be found on 'Realtor', 'Zillow', 'Trulia', 'Home Finder' and 'Condo'.
One should check the market in Omaha if one wishes to find condos for sale. Also, one can ask for a real estate agent for advice on which condos are the best for your buck. Sometimes, people will post signs saying they have condos for sale, so driving around Omaha might help as well.
There are many places one might go to find condos for sale in Cincinnati. In addition to checking with the local real estate agent, one might also try the Realtor website.
Zillow lists all real estate for sale that is otherwise also available online. For sale, recently sold, foreclosures, pre-forclosures and more are all listed. Use the Filter function to find the real estate you want.
Real estate currently listed on the Colorado MLS include farm and ranchstyle houses, condos and more. You can view a full listing of real estate for sale in this area online at the MLS website.
The best way to find listings for Detroit condos is through the local MLS listings, which is a comprehensive list of all real estate for sale through the area's realtors. To find condos for sale by owner or for rent, local classified advertising and services such as Craigslist are a good way to locate available condos.