Cleveland, Medina and Wadsworth real estate and homes for sale in Ohio, Luxury Homes and Condos, and First Time Buyers - Lori Schwarz and Team, REALTORS® Lori Schwarz and Team REALTORS(r) for Cleveland, Medina and Wadsworth, Ohio real estate, Luxury Homes and Condos, and First Time Buyers - NUMBER1EXPERTS™ Lori Schwarz and Team NUMBER1EXPERTS(tm) for Cleveland, Medina and Wadsworth, Ohio real estate, Luxury Homes and Condos, and First Time Buyers
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Lori Schwarz and Team, REALTOR®, real estate agents and broker for Cleveland, Medina and Wadsworth Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
Titles >Holding Title to A Condo

With condominiums becoming increasingly popular among today's homebuyers, it is a good time to clarify the terms of ownership that seem to confuse many people. Condo-type residences most commonly fall into two categories - condominiums and townhouses.

A condominium is usually a multi-story structure. Each owner-resident has a deed of ownership for his own unit and owns the space within the unit, but not the land under the structure. Therefore, condo units can be stacked vertically. Condo owners share title to the common areas of the development, including land, exterior of buildings, hallways, roofs and swimming pools -- all areas used by all occupants. Each owner pays property taxes on their unit. Also, a monthly fee is paid to the homeowners' association that is used for managing and maintaining all common areas.

A townhouse, or town home community is usually a series of single- or two-story housing units, each linked to each other horizontally by common walls. Each owner hold title to their unit and the land beneath it, thus these units cannot be stacked vertically. Typically, a townhouse unit will be a two-story residence, with the living area downstairs and bedrooms upstairs. Common areas belonging to the townhouse development are owned jointly. Each townhouse owner pays property taxes and association fees.

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Real Estate Trivia
Q 
What areas are known as the 'silk stocking' districts of this famous city?

A 
In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room.
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Lori Schwarz and Team, REALTOR®, real estate agents and broker for Cleveland, Medina and Wadsworth Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

Lori Schwarz and Team
Keller Williams

2425 Medina Road
Medina, OH. 44256
Office: 330-725-4408
Toll Free: 1-877-725-7200
Fax: 330-723-7900
Email: LoriSchwarz@NUMBER1EXPERT.com

Customer Satisfaction is My Priority! Bachelors Degree in Marketing/Advertising. Twenty years marketing experience to help sellers market their homes effectively. Multi-Million Dollar Producer, Beyond Excellence Status. Providing sellers with a team to help them through the process of buying or selling their home.

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