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Pat's Team, REALTORŪ, real estate agent and broker for Little Rock, Benton and Bryant Arkansas 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
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What has been described as the world's most beautiful building?

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The white marble Taj Mahal in India was built by the Mogul emperor Shah Jahan (1631-53) to enshrine his favorite wife.
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Pat's Team, REALTORŪ, real estate agents and broker for Benton, Bryant and Saline County Arkansas home listings, property and land for sale - NUMBER1EXPERT(tm)

Pat's Team
WEICHERT, REALTORSŪ - Pat Mote Properties

17724 I-30, Suite A-4
Benton, AR 72015
501-315-4728
Fax: 501-315-4729
Pat@patmote.com

Pat Mote has been selling real estate in Central Arkansas since 1986. She works with co-owner and husband Jerry who is the Business Manager for the company. The company was known as Pat Mote Real Estate until December, 2005 when they affiliated with WEICHERT, REALTORSŪ. With the WEICHERT, REALTORSŪ advanced training programs, Pat feels she can offer her customers & clients a better service with more knowledgeable agents to assist them. Pat has been a consistent top producer for this area of Arkansas for the last several years and is teaching and training her agents to follow in her footsteps with the best service available. Pat believes their customers deserve nothing less.

CRSEqual HousingGRIMLSREALTOR


WEICHERT, REALTORSŪ - Pat Mote Properties real estate and homes for sale in Benton, Bryant and Saline County Arkansas

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