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Kayo Ko

Should I Buy A Non Warrantable Condo?

When considering the purchase of a non-warrantable condo, is it prudent to weigh the potential benefits against the inherent risks? Have you reflected on the unique characteristics that distinguish non-warrantable condos from their warrantable counterparts? For instance, are you aware that factors such as the percentage of owner-occupants versus renters can significantly influence the financial viability of such a purchase? Could it be that the restrictive lending policies tied to these properties might pose substantial hurdles for future refinancing or resale? Have you taken into account the potential for lower marketability due to the financing limitations? Furthermore, what implications might this have on your long-term investment strategy? Are you prepared to navigate the complexities of acquiring financing in a non-warrantable context? Lastly, is your risk tolerance aligned with the nuances and unpredictabilities associated with such properties? In the realm of real estate investment, these considerations cannot be overlooked.

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