We are working with all types of Residential Real Estate – single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences with fewer than five individual units, vacant land, etc.
Single-Family Home
Single-family homes tend to offer more privacy and space than other types of homes, and frequently come with private front and back yards. Since residents don’t share the property with anyone else, you are free to express yourself with any type of home design you choose. You’ll also have a more reliable resell value than condos and townhomes.
Condominium
There is minimal responsibility on the homeowner’s part to contribute to maintenance and upkeep. For example, if the roof goes out, you share the costs with other residents instead of paying for the whole thing yourself. Additionally, some condos offer gyms, lounge areas, pools and other amenities that you might not be able to afford or have space for in a single-family home.
Townhouse
Townhomes often have more privacy than a condo might afford. Some have HOAs or joint maintenance agreements to share upkeep costs. They tend to be more affordable than a single-family home. The only difference between single-family house and townhouse in a shared wall with your neighbors. Townhomes don’t usually have shared amenities like a gym or a pool, but they’re not as private as a single-family home. Financing for the purchase of townhouse is identical to a single-family house loan.
Co-op
Co-op owners usually take on maintenance as a community, so they tend to have lower HOA dues. They also tend to be less expensive than comparable condos. Your client will share financial responsibility of the whole building with neighbors. It can be more difficult to get a loan for a co-op than a condo; most require more money down, and some banks won’t support it. Noy us – we have access to financial institutions specializing on providing mortgage loans to coop owners.
Multi-Family Home
Multi-family homes are ideal for those looking for an investment property: many decide to live in one unit, and rent out the others for income, or simply rent out all units. They are also a great option for multi-generational households; they allow family members to live in the same building but have their own unit. Purchasing this type of house your byer should be aware of the following – multi-family units are a hybrid between a single-family home and a condo. The units tend to be smaller than single-family homes, and less private. It also requires a special type of financing for houses with four and more housing units. We will assist your clients with this type of financing.
Land
A buyer can build any type of residential home byer prefers or use this land to raise crops or animals. In most cases land purchase tends to require a much larger down payment, and fewer lenders are available for someone looking to finance a land purchase. No worries – we will help you in accommodation with suitable financing for the purchase! Just please make sure your client knows that it may not come with utility hookups, so buyers are responsible for bringing gas, water, plumbing, and electricity to the land before building a structure.
