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 Are CC&Rs?
Covenants, Conditions & Restrictions govern the use of a real estate community managed by an HOA.
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.