Condo vs. TIC vs. Co-op
If you’ve been house hunting, and looking at units in multi-unit buildings, you may have seen that there is more than one kind of property: condo, TIC, and co-op. So what are these kinds of properties, and what do they mean to you as a prospective homeowner?
What Is Unwarranted Space?
Unwarranted space lacks the necessary permits or approvals from the local building department, but that’s not necessarily entirely bad.
What Is a Counteroffer?
A counteroffer is a response to a purchase offer with new conditions that materially change the terms of the original offer.
What Is an Adjustable Rate Mortgage?
An ARM may help you lock in a lower rate for a short term, and allow you to refinance at a later date when rates have come down.
What Is Transparent Pricing?
While overbidding is common in San Francisco, sometimes an agent will price a property at the exact amount a seller is willing to accept.
What Is a Clean Offer?
A clean offer is free of contingencies making it more compelling to sellers, but there are risks involved. Find out when these offers are most appropriate.