Sentences with phrase «on the condo purchased»

Luxury developer Toll Brothers recently offered to pay the transfer and mansion taxes on condos purchased in three of its projects under construction to help lure buyers.

Additionally, there may be limitations on condo purchases, which must be approved by the VA..

Condo financing options are widely available, and buyers should know a few key points to get a better started on their condo purchase.

For Toronto investors keen on condo purchases, Jeffrey suggests sticking with east end properties.

NAR supported H.R. 3700 because it takes a number of long - sought steps to make it easier for households to get FHA insured financing on condo purchases.

Once again this year we have worked with Jim Garcia on both a condo purchase and a condo sale.

Not exact matches

Last September, Edward Rogers revealed plans for a $ 1.5 - billion 10 - tower condo project on land in Mississauga, Ont., originally purchased for a radio transmitter in the 1960s at the cost of $ 170,000.

A woman I work with borrowed against her 401k to buy a ski - in, ski - out condo for around $ 150k during the recession, which she now rents out on a daily basis for a crazy high return, as in her gross rents paid for the entire purchase price after 2 years of ownership, and she's now paid back her 401k loan.

Tiah admits as many as ten per cent of the 217 luxury condos were purchased by international high rollers — even with B.C.'s pesky fifteen per cent tax on foreign buyers.

Accusations included a luxury suite on - campus that was set aside for the use of at least one prominent board member and a $ 500,000 interest - only loan to Nyquist for the purchase of a $ 1.08 million condo.

I was working on TV commercials and live events, a career I had wanted since I was fifteen, and I had just moved into a newly - purchased condo.

Now I am fixing the condo I purchased, on the river etc, nothing fancy just like me.

there aunts neighbour had bean doing this 4 less than seventeen months and at present paid for the dept on there condo and purchased a gorgeous Chevrolet.

Most condo insurance policies have limits on how much coverage you can purchase under certain categories such as electronics, jewelry and art.

Q: My daughter and her husband did not earn enough, so my wife and I decided that we would help them by putting her name on the mortgage for the purchase of a new - build condo in Hamilton, Ontario.

Most people will just blindly purchase properties based on some sort of tip or because they see everyone else lining up in front of a new condo sales office.

On a recent afternoon, he booted up his AOL account on his desktop computer and read through a listing of loans offered for purchase: a $ 685,000 mortgage with a 10.5 % interest rate and a loan - to - value ratio of 70 %; a $ 360,000 condo loan with an 8.5 % rate and a loan - to - value ratio of 53 On a recent afternoon, he booted up his AOL account on his desktop computer and read through a listing of loans offered for purchase: a $ 685,000 mortgage with a 10.5 % interest rate and a loan - to - value ratio of 70 %; a $ 360,000 condo loan with an 8.5 % rate and a loan - to - value ratio of 53 on his desktop computer and read through a listing of loans offered for purchase: a $ 685,000 mortgage with a 10.5 % interest rate and a loan - to - value ratio of 70 %; a $ 360,000 condo loan with an 8.5 % rate and a loan - to - value ratio of 53 %.

Finally, understand with the additional burden on FHA condo financing, you need to make sure you are working with an NMLS Licensed Loan Officer who understand the additional complexities to make your purchase smooth and stress free.

For instance, you could actually get up to 17 % discount on the purchase price of an Oakville condo in a good school district, while a detached home in good Markham school districts could sell, on average, for a 6 % discount.

Actually, this lack of information was the impetus behind CMHC's decision to start collecting data on foreign ownership in condo purchases.

My question is, are the risks in purchasing / investing in a condo worth it or should I just purchase a house instead since it is the safer investment even though you will spend a lot more on a house than a condo?

Understand your legal obligations Make sure all the details of your condo purchase are in writing and never rely on verbal agreements.

Especially if you're planning on purchasing a home or condo in a fancy development.

As an example of an FHA guideline, agency rules state that a home buyer must make a downpayment of at least 3.5 % on a home, save for loans for which the buyer is purchasing a new construction condo.

Depending on the level of coverage you'd like, you can purchase a condo insurance policy in Florida for either the actual cash value or replacement cost of your dwelling and property.

A condo insurance policy in Florida may cost as little as $ 20 to $ 50 per month, depending on your condo's location, structure and the amount of coverage you purchase.

That means if you opt to gift your daughter the entire down payment to purchase the condo neither you nor your daughter are required to pay tax on that gifted money.

The homeowner and his wife decided to sell their house, applied 50 % of the proceeds for a down payment on a smaller, low - maintenance condo, used the Purchase Reverse Mortgage to finance the rest, and bought a long - term care insurance policy with the leftover proceeds.

When a developer sells their houses or condo units well in advance of completion some original buyers may decide not to complete on the purchase and choose to assign the property to a new buyer.

My husband and I had the PLEASURE of working with Maureen Martin on the purchase of our condo.

It is important that you have an inspection performed on your Surrey home, condo, or townhome before purchase.

If you're purchasing a condo, townhouse or home that belongs to a homeowners association, you should expect to pay fees to the group on a regular basis.

[2] British Columbian Hamed Ahmadi, who is in the middle of a condo purchase, has suddenly found himself on the hook for an extra $ 54,000 in taxes.

If you're looking for a place to live, plan to rent today but eventually want to purchase your own house or condo, and don't plan on moving from the area you're targeting for rentals, then rent - to - own could be an option for you.

Just under half (42.1 %) of Toronto and Vancouver condo owners surveyed did not have a mortgage on their last condo purchase.

More than two - thirds (88.1 %) of the condo owners did not plan on purchasing additional condo units in 2013 and 2014.

* Condo 2009 fair market value of $ 225,000 — 2002 purchase price of $ 200,000 = $ 25,000 → you owe tax on this capital gain * $ 25,000 divided by 2 = $ 12,500 → the capital gain you will be taxed on * $ 12,500 x marginal tax rate (we assume 30 %) = $ 3,750 * Then you'd need to add in the tax owed on your house: The house fair market value in 2015 of $ 620,000 — appraisal value in 2010 of $ 550,000 = $ 70,000 → you owe tax on this capital gain (as your condo, not your house was your primary residence) * $ 70,000 divided by 2 = $ 35,000 x marginal tax rate of 30 % = $ 10,500 * The 2001 to 2009 appreciation of $ 300,000 would be sheltered as the house was your primary residence during those years.

I need to conidere a short sale on my condo which i purchased at 230k and is now worth about 120k (in florida) and have mortgage with CW.

Depending on the type of loan you are applying for: Conventional, Jumbo, FHA, VA, & also the state and property type you are purchasing (i.e. Condos have some additional requirements) this process may vary.

The biggest advantage to purchasing a condo on the gorgeous island of Ambergris Caye, Belize, will be having your own personalized spot to unwind and relax in paradise.

We work with a wide range of buyers, including those who want to purchase a full - time condo or town home (from $ 350,000), invest in a share of a vacation home (from $ 150,000), or design a dream home on one of our oceanfront lots with a prime marina slip (at just $ 199,000).

Brunette had purchased a condo on Marco Island, Florida in the summer of 2012 and this was her first official snow - bird winter.

A West 29th Street building that housed the Sean Kelly and Peter Blum galleries before they moved has been purchased by the development company Black House, which plans to construct a 13 - floor luxury condo tower on the site, according to Sean Ludwick, a principal at Black House.

A condo buyers purchase agreement should be conditional on the buyer receiving this information and having enough time to review it.

Condo purchasers must be aware that the use and enjoyment of a condo is restricted by a number of factors that do not exist when purchasing a traditional home on its own lot.

«Conference with client re: condo purchase, including re: parking space and locker» is much better than just «Conference with client re: condo purchase»; «Conference with client re: review of subdivision agreement, including restrictions on future building» is much better than just «Conference with client re: subdivision agreement.»

In this episode, Denise provides advice on what to do and what not to do when looking to purchase a condo.

Reason 1: You are in escrow on a new condo and your lender requires you to purchase a condo policy.

Before you go purchasing an umbrella policy you must check on your auto policy and homeowners / renters / condo insurance policy.

Many renters are planning on renting for a certain period of time before they can accumulate enough money in their savings account to purchase their own condo or house one day.