At Island Advantage Realty, we have a very in-depth understanding of every aspect and dimension of the home buying process. Finding a new residence to call home begins with the desire to improve your life, and this desire leads to your quest to discover the right opportunity to support your goals and lifestyle. Our highly sophisticated and experienced salespersons are ready to assist you in transforming your dreams into a cherished reality by masterfully navigating you through the challenges and nuances of your home purchasing experience. At Island Advantage Realty, we will listen to your unique goals, expose you to the opportunities that will enable you to obtain these goals and systematically orchestrate the end results that you deserve. It is our pledge to every customer that Island Advantage Realty will be a reliable resource for integrity, honesty and that special something that makes the final difference. Connect with us today so that one of our trusted salespersons can work with you on your home buying mission!
In recent times, those who wish to live in apartments have sometimes turned to arrangements under which they own their living space. Cooperative ownership was the first to develop, then Condominium ownership appeared later.
With Cooperative ownership, title to the land and the building is held by a corporation that pays taxes, principal and interest on the building’s mortgage, and operating expenses. The purchaser of the apartment in the cooperative receives shares in the corporation and a long term lease to the living unit and pays monthly charges to cover a share of expenses. The stock in the cooperative is considered personal property. As stockholders they exercise control over the administration of the building through an elected Board of Directors. The Board of Directors are usually who may approve or disapprove of prospective purchasers of the apartment leases.
Cooperative ownership is unique and only exists in a few areas of the country.
With Condominium ownership, each owner holds fee simple title to his/her dwelling unit and also to a percentage of the other parts of the building and land called common elements. Common elements include such items as the land, walls, hallways, elevators, stairways and roof. Lawns and recreational facilities such as clubhouses, swimming pools and golf courses may also be considered common elements. Each Condominium owner receives an individual tax bill and may mortgage his/her dwelling unit.
Condominium property is customarily administered by an association of unit owners, or a Board of managers elected by the unit owners. Expenses for operating the building are collected by the condominium Owner’s Association through monthly assessments.
Both Coops and Condominiums may manage the property on its own or utilize a professional Property management company to do so.
Due to the complexities associated with finding a home, negotiating the terms, and protecting one’s interests, Island Advantage is proud to offer exceptional representation to purchasers in our real estate community. Island Advantage Realty understands the needs of our customers and the manner by which to secure their real estate ambitions at the highest level on their behalf. So whether you are buying a primary residence or an investment property, let us show you why Island Advantage Realty has become synonymous with masterful achievement of buyer’s goals.
Approximately 1.5 million employer-assisted relocations take place each year, according to the Employee Relocation Council. At Island Advantage Realty, we are committed to customizing our services to fit your needs. Whether you are an individual relocating to a new area or a company who needs help relocating your employees, our experienced team offers a variety of personalized relocation services.
Island Advantage Realty has experienced a very diverse inventory which includes all phases of commercial real estate. Island Advantage Realty is dedicated to maximizing our clients’ benefits and minimizing the complexities associated with commercial real estate. Whether you are looking to purchase, sell or rent commercial property, we have the technology, tools and knowledge to assist you in reaching your commercial real estate goals and needs.
Island Advantage Realty has managed several thousand properties since its inception over two decades ago. Our vastly experienced and exceptionally focused team of specialists provide a comprehensive array of services to relieve our valued clients of preservation concerns. Many hundreds of clients have come to rely upon our commitment to manage their properties in a manner that protects them from liability, keeps the community safe, and shelters them from unnecessary costs. We provide a highly sophisticated property analysis for each managed asset to determine what (if any) repairs are needed to maximize execution. Island Advantage takes a hands on approach to the oversight of extensive renovations to approximately 100 properties every single year. As a result of these exceptional services, many of our valued clients in the local marketplace have turned to Island Advantage Realty as a resource for their own real estate needs, seeking out our assistance in property management. It is based upon our history of providing excellent service and coordinating the efforts of committed individuals that Island Advantage Realty can say with confidence, “If you have a real estate need, we will gladly provide you with an outstanding solution.”