Note buyer" here on BP, while the shoe is on the other foot as you are buying, and it addresses issues of a non-owner condo seller finance deal, there is still much there to consider.Condo financing for the secondary market has many hoops to jump through, project qualifications, you may look at portfolio financing from a bank as well, but that won't be a 30 year fixed, but it's financing.Best to see an attorney as well.

The secondary stairway was cool, likely a servants entrance to the upstairs, but was taking up roughly 20 sq ft of kitchen space, so it was better to see it go and have a nice sized kitchen.

(this also lets you see the title company fees) If it is high level inquiry to get you in the church, I tend to use 5% for easy math.

And there is so much math!

In my area you can be 25K off on the same age, style, sq. ft. and school district not knowing the neighborhood yet still be within 3 miles of the subject.Tons of information here on appraisal issues, search "appraisal comps" and you should get plenty of reading.It's not just math.

These "portfolio" mortgages don't need to meet Fanny/Freddy restrictions because they are NOT sold on the secondary market and kept in the lender's portfolio, hence the name.Third choice would be private lending/seller lending with neither the Fanny or portfolio restrictions.There is no limit to the number of mortgages that you can have... ask me how I know.

After shooting them down a few times with numbers and basic math, it's a lot easier now.

As a buyer, you're also looking at considerably less in closing costs, so that might be a secondary reason why someone would offer cash.

We buy tax liens on the secondary market but unfortunately never at a discount.

The math is the same.Again, when you do the work yourself, the most money you're saving is $50/hour (in theory -- I actually can't think of any contractors I pay $50/hour to).