Fort Wayne and Auburn Indiana real estate listings, home buying, selling and relocation information

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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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Q	What is the average price for a home in the United States?
A	According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000.
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The Brown Home Team, REALTORŽ, real estate agents and broker for Fort Wayne and Auburn Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)

The Brown Home Team
Coldwell Banker Roth Wehrly Graber
10729 Coldwater Road
Suite 140
Fort Wayne, IN. 46845
Phone: (260) 637-7710
Toll Free: (800) 798-1344
Fax: (260) 637-7730
Email: brownhometeam@NUMBER1EXPERT.com
The Brown Home Team is currently one of the fastest growing real estate teams in Northeastern Indiana with a 80% increase in sales from 2003 through 2005. The Team consists of 7 licensed veterans & 5 staff each with expertise to ensure that buyers & sellers get the best service in our area. They are dedicated to implementing cutting edge technology & providing on-going services to both their current & past customers; thus, cementing lasting relationships and a strong referral base. Since most of the team's business comes from referrals, they spend more time & money on marketing & selling your home. That's why they sold their homes for 98.5% of list price & 31 days faster than the competition last year. The BHT is anchored by Bill, Greg, Cindy & Darlene Brown. They also own New Homes Design, which has participated in over 190 "new builds" since 1993. The Team offers a specialist in all of the following areas: Corporate Relocation, New Construction, Investment Properties, Historic Homes, 1031 exchanges, Seniors Services, First-time Home Buyers, Selling Country Estates, Subdivision Developments, Commercial, and Business Brokerage. The Brown Home Team....real estate with a personal touch!

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