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Comment: Good condition. Had a couple pencil entries that have been erased. Has some dog eared pages.
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The Complete Guide to Purchasing a Condo, Townhouse, or Apartment: What Smart Investors Need to Know - Explained Simply Paperback – January 12, 2007

3.6 out of 5 stars 14 customer reviews

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Editorial Reviews

About the Author

Susan Alvis has her Tennessee real estate license in retirement. She is the author of How to Creatively Finance Your Real Estate Investments and Build Your Personal Fortune: What Smart Investors Need to Know; How to Buy Real Estate Without a Down Payment in any Market: Insider Secrets From the Experts Who do it Everyday, and How to Become a Million Dollar Real Estate Agent in Your First Year. Currently, she is working on several non-fiction books on gambling related material as a ghost writer and under her own name. She has started writing romance novelettes under a pen name and is realizing success in fiction writing as well. Susan also speaks to teens and young adults in a gripping message every teenager in America should hear. She lives in Northeast Tennessee with her husband, Brent, and their two children, Matthew and Amber.
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Product Details

  • Paperback: 288 pages
  • Publisher: Atlantic Publishing Group Inc.; illustrated edition (January 12, 2007)
  • Language: English
  • ISBN-10: 1601380364
  • ISBN-13: 978-1601380364
  • Product Dimensions: 6 x 0.8 x 8.8 inches
  • Shipping Weight: 9.6 ounces (View shipping rates and policies)
  • Average Customer Review: 3.6 out of 5 stars  See all reviews (14 customer reviews)
  • Amazon Best Sellers Rank: #1,418,869 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

By Brian Stepanek on December 12, 2008
Format: Paperback Verified Purchase
The good: This book was a very interesting read...I really liked the way that it was written, I couldn't put it down. All of the information was good, and while some of it was common sense knowledge, there were a lot of new points and questions the book brought up that really made me think. I'm really glad I read this book.
The bad: Almost half of the book's size is useless amortization tables that you can easily find online. I think they added these [...] pages with the sole purpose [...]. Because of that, I have to deduct two stars.
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Format: Paperback
You would be surprised at the differences between purchasing a house and opting for a condo, apartment or townhouse! This guide totally demystifies the documents and the process, laying bare the restrictions (the plusses too!) associated with shared living. My own changing lifestyle necessitated a move from a house with all its trappings, to a townhouse complex, and at first my misgivings left me with an air of uncertainty as to what to expect. The invaluable information I found in this handy manual took me step by step through the process, covering areas I am sure would have been overlooked. Those important documents including clauses relating to disclosure statements and warranties, options and ordinances, became a lot less threatening after my virtual tour of the entire process through this exhaustive guide. I even found to my utter delight, a full amortization table based on 30 years, a glossary that simplified much of the industry terminology, sample condominium rules and regulations, and last but not least, a questionnaire that prompted me to think of issues which may have later resulted in pesky little problems. The Complete Guide was for me, a jewel of a find!
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Format: Paperback
The author takes great pains to dispel those lingering myths about condo ownership. She does this in a light easy tone. The book has a good layout in an easy to read format. The chapters flow nicely into one another. The author has included some very interesting case studies and anecdotes provide by others in the Real Estate field.

The book is full of strong practical advice. It also pulls no punches, she makes it clear that condo townhome ownership is not for everyone. She makes sure to cover not only the good points but the bad ones as well, especially in the area of Homeowners Associations-she explains their importance and how to deal with them. All of this done in an easy friendly manner with a welcome touch of humor.

The book is an excellent checklist for anyone considering buying.
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Format: Paperback
As the baby boomer generation ages, more and more retired couples will be looking to sell their houses and make the move into a condominium or town home. This book focuses on the "shared housing" market (ie, condo, town home, apartment, co-op) and why it can be a great choice for retirees, busy professionals or young families, as well as an excellent investment tool for those looking to expand their portfolios.

Susan Smith Alvis has a considerable background in real estate and the shared housing arena and she puts her knowledge and experience to good use in this very informative and readable book. Touching on the simple (the difference between a condo and a town home) and the more complex (how an investor can find a niche market in apartment or condo real estate), she covers both the advantages and disadvantages of shared housing.

Benefits of purchasing a shared housing unit include, for instance, having a swimming pool, waterfront view or exceptional location which may not be available or affordable with a standard home. However, Alvis also realistically addresses some of the sticking points shared housing brings and that should be taken into consideration by potential buyers. She stresses the importance of researching the homeowners' association in the building, the board of directors and any condo fees, dues and special assessments that may regularly impact owners. She advocates potential buyers to do their homework before buying and provides plenty of avenues to explore to get accurate information before making a decision. As well, the book is quite up front about the "culture shock" of shared housing and what to expect during your first few months in a unit.
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Format: Paperback Verified Purchase
This book is anything but complete. I was hoping to find a detailed, step by step process for purchasing a townhouse. Instead, most of the book defined what shared housing was and went to great lengths to make sure it's really what you want to purchase. After reading the whole thing I was left with having to do online research to figure out the townhouse buying process.
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Format: Paperback
This book is ideal for people who have never bought a condo, townhouse, or apartment. Each type of property is defined, and myths about different properties are dispelled. The ideas are explained in straightforward language. It's full of useful caveats that revolve around such topics as upcoming assessments, homeowner's boards, restrictions, types of neighbors, and amenities. Quite a bit of the book is dedicated to discussion on the pros and cons of shared housing. There are also discussions on home warranties, subleases, lease options, and vacation homes. In the back are a glossary, appendices with checklists, and an index, so the book can serve as a resource for later use. The amortization schedules in appendix probably aren't necessary because you can find this information online, but it doesn't hurt to have them there because they're in an appendix, not in the text.
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