You can buy a new condo from the developer before or during its construction and also before the condo corporation is formed. A developer may have some unsold units available after the condominium has been completed and registered. In some markets, the developer may wait to sell a large percentage of the units before registering the condo corporation or even starting construction, in the latter … [Read more...]
Buying a New Condo: The Pros and Cons
Filed Under: Buying Real Estate, First Time Buyer Tagged With: Buying, Condo, First Time Buyer, Tips
Are you financially ready to buy?
So, you’ve finally decided to buy a home. Now what you need to ask yourself is: are you financially ready to buy? Check out these formulas to calculate the size of your loan and evaluate your current financial situation. You will need to know what your Net Worth is, that way you can discuss your financial situation with your mortgage lender. What is a Net Worth, you ask? << Your … [Read more...]
Filed Under: Buying Real Estate, First Time Buyer, Popular Tagged With: Buying, Buying Real Estate, First Time Buyer, loan, mortgage
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