Owner occupancy – Most buyers today don’t have a 20% down payment. If you want to open up your condo to the largest buyer pool, then your building will need to have at least a 70% owner occupancy ratio. Although it is possible for a buyer to get financing with a lower owner occupancy ratio, the buyer will need to have at least a 20% down payment. Budget – at (2 comments)
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Jill McTague
DebOnTheWeb & Associates - Medford, MA Real Estate