Ocean City, MD, Ocean Pines, MD and Bethany Beach, DE real estate and homes for sale in Maryland condos - Jim Wilson, REALTOR® Jim Wilson REALTOR(r) for Ocean City, MD, Ocean Pines, MD and Bethany Beach, DE real estate, condos - NUMBER1EXPERT™ Jim Wilson NUMBER1EXPERT(tm) for Ocean City, MD, Ocean Pines, MD and Bethany Beach, DE real estate, condos
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Jim Wilson, REALTORŪ, real estate agent and broker for Ocean City, MD, Ocean Pines, MD and Bethany Beach, DE home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
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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Real Estate Trivia
Q 
Who is considered the world's most renowned living architect?

A 
I.M. Pei who retired in 1991; he earned this status after designing the glass pyramid entrance pavilion to the Louvre in Paris (1989).
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Bank Oppotunities Ocean City, Md Waterfront, and inlet areas


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Jim Wilson, REALTORŪ, real estate agent and broker for Ocean City, MD, Ocean Pines, MD and Bethany Beach, DE home listings, property and land for sale - NUMBER1EXPERT(tm)

Jim Wilson
Coldwell-Banker/Bud Church Realty

7806 Coastal Highway
Ocean City
MD 21842
Office: 1-800-851-7326
Cell Phone: 410-251-4486
Fax: 410-524-1837
jimandjim@NUMBER1EXPERT.com

Jim Wilson has vacationed in the Ocean City area since 1974. He attended Salisbury University and graduated with a Bachelor of Arts degree. While living on the Eastern Shore since 1997 Jim was recently appointed to the Worcester County Building Code Appeals Board. With the knowledge of the area and enthusiasm of real estate working with me you will have one of the finest realtors on your side.

Equal Housing MLS REALTOR


Coldwell-Banker/Bud Church Realty real estate and homes for sale in Ocean City, MD, Ocean Pines, MD and Bethany Beach, DE

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