I am pulling single-family attached homes in a particular area. I have a limit on price, so only 3 pop up on our MLS.
Out of 3 supposedly townhomes, 2 are actually condos. I know that they are condos without checking simply because I know all condos in our area.
Well, not every agent knows all condos, and I do not expect agents to know all the condos, but when listing a property, you go to Property appraiser’s site and it simply makes sense to look at Property Class right at the top of the page, it tells you right away whether you are dealing with single family home, or a condo.
Dear agents, who believe that the difference between condos is that condos are in one level and single-family attached, or town homes are those, that are in 2 or more levels and have the stairs inside. It is not always so.
The difference is how the developer recorded them. The difference is the type of ownership. Townhome is when you own land under your home and the roof is yours. If it is a condo, you do not own the land under your condo, it is common element as well as the roof.
They may be recorded as Single Family Attached, or condos. We have two complexes with identical buildings developed by the same company, and Jemecy Oaks is a condo complex, and Oak Meadows across the street are townhomes.
The funny part is even if you only look at the legal description in MLS, it usually also tells you when it is a condo.
So, even if it quacks, it does not mean that it is a duck townhome.
It may still be a condo…
And if you are looking for condos, or town homes in Daytona Beach area, simply follow this link for more information.
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