Study: More Buyers Nix Inspections as Bidding Wars Heat Up

Written by Florida Condotel Mortrgage on July 28, 2020. Posted in Florida Condotel Mortgage.

A Redfin agent study found that 1 in 5 offers (19.9%) waived the inspection contingency, likely to make the offer more attractive. A year ago, it was 13.2%. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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