If you are looking to purchase and finance an investment property, here’s what to expect: In order to qualify as a residential real estate transaction under the Real Estate Settlement Procedures Act (RESPA), an investment property must be four units or less, and it must be sold to an individual rather than a company. Conventional […]
If you are interested in buying a condo and are planning to use Federal Housing Administration (FHA) financing, make sure you check out the FHA’s Approved Condo List. It will only lend money for condominium projects that are on that list. It’s more challenging in general to get financing for condos, because associations play such […]
With the large number of properties that are still available at reduced prices these days, townhomes and condominiums represent excellent purchasing options: they often offer low-maintenance living and community facilities that would usually be unavailable in single-family homes. When considering purchasing a townhome, keep in mind that there can be substantial differences in how the […]
I’d like to share a very touching story with you today. I recently had the chance to work with a young man and get him the perfect condo. He was in a bad accident that left him paralyzed and had to leave his full time job to attend a rehabilitation center out of state. While […]
Congratulations to Chris & Becky from Mayville! This couple bought their first condo in Mayville using conventional financing. I loved working with these two and couldn’t be happier for them! On top of owning their own condo, they will also welcome their first child in the next few weeks – Congratulations guys!!!