Appraising a multi-unit property is usually more complicated than appraising a single-family home. Two-, three-, or four-unit buildings are sometimes subject to confusion when it comes to arranging a loan for purchase or refinancing. Generally, appraisers use the market approach when appraising these properties. They…
A real estate agent whose client doesn’t have the best credit—or an appraiser who wants to facilitate the transaction if the appraisal comes in low—can present the prospective home-buyer with various creative ways to finance the purchase. “Creative lending” might include any of several…
Barbara Fox specializes in selling the luxury real estate market, including apartments and townhomes, in Manhattan: New York City’s most expensive and densely populated borough. Since New York City is a renting town, the founder of Fox Residential Group often works with first-time buyers…
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