Viva Urban Condos

As each year passes on the calendar condos are becoming a larger share of the total Toronto real estate market. The board can regulate everything from the size and number of pets you’re allowed to the number, the color of your townhouse exterior, and the ages of the people living in your unit. Finance mails Condo Tax Benefits Letters to boards and managing agents outlining each unit’s tax savings for Condo property tax abatements in December of each year.

Finally, since most condos in a community look the same, if there are empty units in your building, those will likely sell first. The greatest difference between a condo and an apartment cost-wise is the way you pay rent, utilities, and additional fees. Most condos attempt to copy apartments, offering similar features that are ordinarily seen in apartments.Condo

Some condos require potential buyers to interview with the association board. In these …

United States Department Of Housing And Urban Development

hud homesHUD homes are FHA insured mortgage loans that go into foreclosure. The newly dubbed real estate owned (REO)” properties are then sold to the public and non-profit institutions by the government entity at affordable prices. If you want to purchase a home, the amount of money you can borrow will be based on the comparable price of homes in the area.

The FHA 203(k) Rehabilitation Mortgage will help you with the larger renovations, but you will pay more for it. And, the total loan, based on the value of the home with renovations, can’t exceed the FHA loan amounts for your area. Homes in bank foreclosure are acquired more easily than government foreclosures, and can be purchased directly from the lenders, who can also arrange buyer-friendly financing.

Your Century 21 Riverpointe agent can help you find a mortgage lender experienced in HUD home financing to make the process smooth and …