tips for home buyers: House Only Account - A Tip For Buyers
- 02/09/19 08:15 AM
House only account, do you have one? The seller of 8 Gala Lane is offering a seller concession-to pay the monthly condo fees in advance. ( Check with your lender.) Most townhouses are not condos. Younger buyers tend to purchase townhomes where they can get more living space for less. No condo fees for a year. How does that sound? Perfect for new buyers. A savvy buyer could set up a separate “house only” account. At the beginning of the month, the new owner deposits an amount equal to the condo fee into a private account. Label this account as “ house only''. The habit and the fact of having … (12 comments)
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