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7 January 2016 | 12 replies
It isn't that it's a legal non-conforming, but it is non-legal altogether, and he listed it as a multi-unit for sale.
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1 February 2016 | 2 replies
It was not currently a legal 4-plex and was non-conforming use in an area zoned for light manufacturing.
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5 September 2014 | 16 replies
Hi Kate,I am a Loan Originator for over 12 years now and the problem with the non-conforming multi-family is that they are hard to sell to buyers who want to use conforming financing…so be thinking long-term about your exit strategy.
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19 November 2015 | 2 replies
See if you can get them to verify that the use is conforming.
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27 April 2010 | 13 replies
Jumbo loans are essentially non-existant, which means a buyer has to come up with cash or a big enough down payment to move this into conforming territory.
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9 February 2018 | 6 replies
Add in the fact that this is a non-conforming (i.e. weird) property and you've got a lot of reasons to walk away.I'm a very conservative buyer, so take this all with a grain of salt... but one thing I always try to stop myself from doing (it happens all the time) is HOPING a deal works when it's not really a deal.
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30 July 2019 | 16 replies
@Mariana HernandezSee if you can get a non conforming use permit.
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15 August 2018 | 4 replies
You are probably going to want to conform to local standards, or at least have a firm understanding of what they are.
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19 April 2018 | 91 replies
As a long time appraiser i can tell you that the answer depends on the experience and skill of the appraiser, the amount of research and support they did, and the the assumptions and givens of the assignment.An AVM like Zillow or your tax assessment is like the blue book value, a statistical analysis of hundreds or thousands of sales that may be fairly accurate is depending on how conforming your property is, clean the data is, and details of the algorithm (Taxes values in my area will be based on 2013 values until the next reassessment in 2020.
28 June 2018 | 3 replies
You dictate what the property must conform to (cost, rehab cost, etc...), and if the property won't "play nice", you don't buy it.If you can't find any properties that will "play nice", then you're in the wrong micro-market.