Andy, Home Seller in Newton, MA

how to divide 2 family house in Mass into 2 condos?

Asked by Andy, Newton, MA Sun Mar 1, 2009

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Andy, in general you need to seperate the units for two deeds, by submitting floor pland and all related documents and fees to the registry of deed. I advise you to contact a real estate attorney that will do it for you. Please contact me if you need one.
0 votes Thank Flag Link Thu Sep 13, 2012
Andy:

The difference in most towns between a 2 family house and 2 condos is usually just the paperwork that is associated with the deed. A two family deed is simple, just like a single family home, but a condo deed is more complicated, as it explains the relationships between the two owners, with their shared expenses and responsibilities. As Ms. Jones mentioned, an attorney in your area with experience doing this conversion in your target town will be best, in case their are any local ordinances that would make this more difficult than is typical. I would also check with a real estate agent to make sure that you are "moving the property forward", that is, improving it. Usually, this conversion would increase the value of the property, BUT NOT ALWAYS. Not all two families are suited for conversion. So check first! It's a lot of paperwork, and you don't want to do it twice.

Matt
Web Reference: http://www.bjheisler.com
0 votes Thank Flag Link Tue Mar 3, 2009
Hi Andy,
The most important first step is to contact a real estate lawyer. This lawyer should be familiar with your town and its requirements and zoning laws. The money you spend will well worth it. And most lawyers will give you an idea of what is involved over the phone.
Good luck!
Catherine Jones
Today Real Estate
cjones@todayrealestate.com
0 votes Thank Flag Link Mon Mar 2, 2009
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