It’s not always obvious whether a property is a condo or tenancy-in-common (TIC) when you’re a buyer who’s searching online for properties. You have to click in to all the details, for example, on Redfin, before you realize that the photos of the wonderful flat that seems listed kind of low is actually a TIC.
But what’s the difference between a TIC and a condo? All things being equal, couldn’t you just buy a TIC if it has the space and location you want? [Read more…]