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Residential Property Types B
curriculum
Created on March 9, 2024
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* A condominium is real property ownership; a cooperative involves owning shares in a corporation that owns the property, and exclusive use of a housing unit by each buyer
Second homes/vacation homes
• Resort area locales
Multi-unit properties
• May be duplex, triplex, or apartment building; good cash flow or potential
Condominiums & cooperatives*
• Low price point • May be newer or older • Buyer-centered common area amenities • Low maintenance