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Conditional approval also often comes into play with home construction loans. If you are building a home or buying land to build a home on, the developer or general contractor might demand the ...
A conditional sale is a real estate transaction where the parties have set conditions. [1] [2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase price, the date of ...
Alternatively, a developer who is also a builder may purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately. The financial risks of real estate development and real estate investing differ due to leverage effects. [3]
A certificate of occupancy is evidence that the building complies substantially with the plans and specifications that have been submitted to, and approved by, the local authority. It complements a building permit —a document that must be filed by the applicant with the local authority before construction to indicate that the proposed ...
The two sites approved Nov. 29 are on Tacoma Avenue South and South J Street in the downtown area. In 2021, an apartment project planned for 1555 Tacoma Ave. S., was approved for the eight-year ...
But in no city can you get away with calling a tiny, cluttered living room in a $2,746 per month, one-bedroom apartment "stunning." Listing fail: Stunningly average. Exhibit B: Stunningly Messy
This model applies to the service apartment space and other commercial establishments, such as retail or business centers that generate revenue. In this case, the property manager signs an agreement with the property owner, with the right to convert the property into a revenue-generating business such as a business center, service apartment, etc.
However, the listing contract must have an expiration date. A typical listing period is often three to six months. If the property is not sold or under a purchase contract by then, the seller may decide to re-list the property, perhaps with a different listing price, with the same or a different broker or agent, or not list it at all. The ...