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11 August 2017 | 8 replies
May 2017Single-family home sales rose 11.5 percent year-over-year with 8,156 units sold;Total property sales increased 12.3 percent with 9,744 units sold;Total dollar volume jumped 17.4 percent to $2.8 billion;The single-family home median price rose 4.4 percent to a record high of $235,000;The single-family home average price climbed 4.3 percent to $302,362, which was the second highest level of all time (highest was $302,629 in June 2015);Single-family homes months of inventory grew to a 4.1-months supply, the highest level since November 2012;Townhome/condominium sales surged 16.5 percent, with the average price up 3.1 percent to $206,363 and the median price up 0.9 percent to $163,500;Leases of single-family homes soared 31.0 percent with average rent down 4.2 percent to $1,779;Volume of townhome/condominium leases rocketed 46.2 percent with average rent down 6.7 percent to $1,565.
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28 May 2020 | 0 replies
.$300k purchase (conforming Condominium in Washington DC)both Ratios under 25%All 3 credit scores over 800w-2 employee over 5 years same job20% down conventional loanover $200k in cash and stocks.So, question is who has the best rates?
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4 December 2019 | 2 replies
I've received a congratulations from my realtor that the rent we negotiated is the highest in a 60+ unit condominium community.
27 June 2014 | 16 replies
Some more info: This property is located in the Bay Reach condominium community in West Palm Beach, FL (I live in Va).
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25 March 2016 | 8 replies
I used to see the popular California Residential Purchase Agreement and Join Escrow Instructions (for signgle family residential property - attached or detached).My question is, for buy/sell condominium or townhome, is there a specific purchase agreement document?
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16 January 2017 | 2 replies
I was wondering if I surveyed and divided it into say ten lots with common parking like a condominium, would I then be able to build 4unit apartment buildings per each smaller lot and finance each 4 unit apartment like a house with a traditional mortgage on each?
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1 July 2015 | 2 replies
Multifamily for-sale housing has not fully entered recovery, but a number of interviewees noted the beginnings of a shift from rental to condominiums, especially product geared towards empty nesters.
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18 October 2019 | 1 reply
We haven't replaced the roof or the boiler, because they work fine, since we purchased in 2013 but they are on the older side.1) Sell As is and Move2) Develop it as there is 2000sq ft of FAR that we could build and the neighboring property which was the same foot print has already maxed out their FAR and condominiumized and sold 4 condos for about 4m.Not attracted to the condo option but it could be the only way developing the property makes sense.3) Move, Rent out both units and Hold. 4) Move, Rent it out and downsize in another area potentially upstate or a "better" neighborhood in NYCI know this is a very wide open question and alot depends on what we "want" to do.
5 November 2019 | 3 replies
I found a condominium unit I am interested in buying to rent out.
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18 January 2021 | 0 replies
ATTOM also reports that home flipping fizzled in the tail end of 2020, representing only 5.1% of all home sales (57,155 total single-family homes and condominiums).