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What is the difference between a condo and a townhome?

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What is the difference between a condo and a townhome?

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Condos can be known as townhomes or flats (stacked), but “condo,” in specific real estate terms, refers more to the method by which one takes ownership. Generally, townhomes are similar to a flat condo in ownership method, but are not stacked. You might or might not own the land under your townhome. Townhomes are attached on one or more sides to another unit.

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