Texas residential condominium 2025

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Owning a condo will likely cost you more monthly than renting an apartment. Once you add up your mortgage, HOA dues, property taxes, and utilities, it is more than likely to exceed your monthly rental payment in an apartment building in a similar area.
The average price on sale of existing inium and co-operative residential properties in the United States increased between 2015 and 2023. Despite a decline in the number of condo sales in the U.S., the average sales price reached 348,300 U.S. dollars.
Answer: Yes. The contract forms are available for public use. A TREC contract form, however, is intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.
The average condo association fees in the U.S. cost about $300-$400 a month. Typical condo association fees in California are similar in range. However, it may be higher or lower depending on the city. It may even cost as much as $1,000 monthly.
Statewide, condos sold for the median price of 265,000 U.S. dollars.
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A condo, or inium, is a privately held residential apartment in a tower or complex with other privately owned residential units. Condo owners share the common space and frequently pay association fees to keep the area, facilities, and other sharing of resources in good working order.
inium Contract shall have the meaning ascribed to such term in Section 8.1. inium Contract means all sales contracts or agreements for sales and conveyances of the iniums in the Improvements entered into between Borrower and purchasers of the iniums.

residential condominium contract