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By Evan_Sage There are very different tactics used when pricing a house versus pricing a condo or loft. Houses use frontage and depth as a base price for land value and then adjustments are made for the actual dwelling. The physical house can vary in value based on its age, quality, renovations, functionality, which way [...] Should you respond to low ball offers on your Philadelphia Condo or just refuse them? Is it better to take a chance on someone who is just trying to get the lowest deal possible or should you pass them by just to show your firm stance on asking price? Home ownership on any level is wonderful. Nothing gives you a sense of pride like owning the place you live in. But when it comes to ownership, there are distinct advantages to owning a condominium versus a single family home So you have decided to buy a home. That is great! Now comes the difficult decision of choosing between a condo and a house. Resort home ownership, such as condo hotels and fractional shares is different from typical home ownership. So it is important to ask certain questions before signing the purchase agreement on a resort property. The following list of questions typically applies to most types of resort property ownership unless otherwise noted. One questions many “for sale by owner” sellers ask is “how can I determine if a potential buyer can afford to buy my house?” In the real estate industry this is referred to as “pre-qualifying” a buyer. You might think this is a complex process but in reality it is actually quite simple and only [...] By Rozi Dover Don’t save now only to pay later with a condo unit. At the time low dues can seem like a great deal, but down the road they may cause problems and additional expenses if they mean lowered services and a smaller reserve. While you should definitely rethink a unit where you are assessed [...] These discussions from around the web might be of value. Click a subject to jump to that section. What are my alternatives to Investment property? Should I ’short sale’ my condo? Can I negotiate to be allowed to rent my condo.? What if I stop paying my condo mortgage, in which way my credit will be affected? I cannot pay [...] By John R Johnson In its attempt to stabilize the housing market by increasing investor confidence, Fannie Mae has tightened up a bit on its requirements for loans that it will buy. Since most lenders sell the loans they generate, and since Fannie Mae buys the majority of housing loans, they set the “gold standard”. If [...] |
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