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matix wrote:Ok so your family has been renting for the past 30 years, and the opportunity has come around for your family to purchase said property. What’s for sale is the land and both buildings on it? What’s the distance between both structures?
daxt0r wrote:^^
Yea boy i does real glad i does ask here first. Land ting so complicated me eh know y dey ent teach da an other life skills like managing money and filing taxes in schools na.
rspann wrote:But if you don't own it and can't get the loan to buy it what are your options?
Mowally wrote:Yes, my family has been tenanting in one of the houses for 30years & the other one is @ least 50 years old.
Cash!! The property is worth 1.2M.. I've been pre approved, I don't have that kinda $$ cash. I got confirmation for one house, so I just need an exemption for the 2nd.
Musical Doc wrote:I feel if he selling you for $1.2 million and you preapproved for that amount, use that same $ and buy somewhere else. There are nice flat houses on the market that people build to sell that are around that price. Sometimes sentimental value isn't always the right feeling to follow.
daxt0r wrote:Hi anyone here ever did land transaction with a person called Judy Mohammed?
Is she trustworthy and legit?
pugboy wrote:You can apply to t&c for approval even if buildings already up
This is commonly sent for change of use eg Woodbrook lease renewals
But of course the structures need to be compliant
rspann wrote:That is a good idea if the owner is amenable to it. Getting him to wait for a long period might be a little hard though.
Mowally wrote:rspann wrote:That is a good idea if the owner is amenable to it. Getting him to wait for a long period might be a little hard though.
Yea.. he's migrating & wants cash in hand as soon as possible. But seriously all lending institutions will have an issue with the property 'as is'? What about credit union?
The_Honourable wrote:Mowally wrote:rspann wrote:That is a good idea if the owner is amenable to it. Getting him to wait for a long period might be a little hard though.
Yea.. he's migrating & wants cash in hand as soon as possible. But seriously all lending institutions will have an issue with the property 'as is'? What about credit union?
Call around and find out if they accept two buildings on one property for a mortgage but that T&C stating one building might still be a snag.
Mowally wrote:rspann wrote:That is a good idea if the owner is amenable to it. Getting him to wait for a long period might be a little hard though.
Yea.. he's migrating & wants cash in hand as soon as possible. But seriously all lending institutions will have an issue with the property 'as is'? What about credit union?
Mowally wrote:rspann wrote:That is a good idea if the owner is amenable to it. Getting him to wait for a long period might be a little hard though.
Yea.. he's migrating & wants cash in hand as soon as possible. But seriously all lending institutions will have an issue with the property 'as is'? What about credit union?
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