Condos, which are often popular housing options for many younger and first-time homebuyers, are also viable living arrangements for older homeowners who seek a more active and urban lifestyle, or a more maintenance-free quality of life. Current blanket certification policies, however, have restricted not only many would-be buyers from purchasing condo units, but have also hindered the ability of seniors to continue living in these housing developments.
FHA has historically set standards for condominium project approvals. The good news is they have loosened some of those rules for investors and private owners.
Anyone interested in commenting on FHA’s proposed rule, including the agency’s proposal to approve individual condo units for FHA financing, has until November 28, 2016 to submit comments at Regulations.gov
And you thought buying or selling a home was scary. Either one can be, of course, but there’s nothing like doing both at once to foster a flurry of “what ifs.”
What if I buy a new house, but my old one doesn’t sell?
What if I sell my old house, but can’t find a new one?
And what if I try to do both at once and end up going completely crazy in the process?
Don’t worry, you won’t, as long as you take the time to think things through. Depending on your particular situation, it may make more sense to buy first, then sell — or just the opposite. Below are some factors to consider. To learn more be sure to tune in Today at 4 pm on FM NewsTalk 97.1 The Doug Haldeman Show.
Knox Mailhes with Integrity Title Solutions and John Muller with Diversified Real Estate Group join Doug in a discussion about building a home in today’s market.
In 2013, the housing recovery was a welcome bright spot for the economy: prices were shooting up, fewer homeowners were underwater, and builder confidence was finally on the upswing. It’s looking like 2014 should be another good year for housing–mostly.
A home is one of the biggest purchases you’ll ever make. In the end, the most important thing is getting a house that suits your needs — one that fits your family, but also your budget. These tips might not be practical for everyone, but those who can put them to use will get themselves a better deal.