Before You Represent a Client on a Condo or Townhome Property ...
By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Before You Represent a Client on a Condo or Townhome Property ... Agents: Do you know what the correct answer is for this question? What is the difference between a Condo and a Townhome? A simple answer would be: The #1 defining difference between the two types of properties is: OWNERSHIP RIGHTS. It's not about style. Or about design. It's not about appearance or physical characteristic comparisons either. Now I know what you're thinking. Gene ... really? Another post on condos and townhomes??? But to my defense, I've had a number of recent calls from agents that clearly showcase the need to address this topic. And I think the topic to be that important. Plus, if you've been in the Real Estate or Lending Industry very long, you know nothing is a...
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