Anchorage, Eagle River, and Girdwood Alaska 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	Which home is considered the ultimate in California craftsman-style architecture?
A	Located in Pasadena, the Gamble House, built in 1908 by Charles and Henry Greene, is a National Historic Home open to visitors.
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Bob Baer, REALTOR®, real estate agent and broker for Anchorage, Eagle River, and Girdwood Alaska home listings, property and land for sale - NUMBER1EXPERT(tm)

Bob Baer
Dynamic Properties
3111 C Street, Suite 100
Anchorage, AK. 99503
(907) 261-7505
(907) 261-7505
(907) 727-6025
Fax: (907) 261-7578
Email: bobbaer@NUMBER1EXPERT.com
Bob Baer has been a top producer in real estate sales in Anchorage, Alaska for twenty-five years. He is extremely knowledgeable about the real estate market in Anchorage, Eagle River, Chugiak & Girdwood, and with a mortgage banking background, he is committed to finding you the best financing available. Whether listing your property for sale, or representing you in the purchase of your new home, Bob will take as much time and care as necessary to assure your satisfaction. Relocating to Alaska? Moving from or within Alaska? Call or email Bob today and put his years and years of experience to work for YOU.

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