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It means that the house is of a prefabricated construction type. Because these buildings were only built to last for a limited time, mortgage companies will not take the risk of lending against them.

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13y ago

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How much is Property taxes a year on 5.9 million dolloars?

There is no property tax on cash. The property tax on land or real estate valued at 5.9 million dollars will vary depending on the location, the purchase price and (in California) the purchase date.


What is included in a purchase agreement?

A purchase agreement typically includes key details such as the names of the buyer and seller, a description of the property or item being sold, the purchase price, and the terms of payment. It also outlines contingencies, such as financing or inspections, and specifies the closing date and any disclosures required by law. Additionally, it may include clauses related to default, warranties, and any additional terms agreed upon by both parties.


Is an option to purchase a codicil?

I am very curious about this too. If I were to sign an Option to Purchase, and then pass away AFTER signing the option to purchase, Is the signed Option to Purchase sufficient evidence after my death that I intended to purchase the property while i was alive?


How do I get property tax information on a house that I want to purchase?

First of all, your real estate agent should be able to get this for you. That being said, most counties have a website where you can look up property information, including property tax records. What you will want to look for is typically referred to as the Assessor's office and go from there. You can get property tax information on a home that you want to purchase by conducting a search through either the Town Hall if it is located in a smaller subburb or by using a property tax search engine such as www.homeinfomax.com


Can you give your property away owing taxes?

Yes, you can give your property away owning taxes, unless there is a lien or other legal document held by the IRS or taxing authority that prohibits you from doing so. Examples of such restrictions against giving the property away might be where your personal income taxes are delinquent or your property taxes are delinquent and the property is collateral guaranteeing payment of the debt.If the property is free of delinquencies, the person accepting the property is doing so subject to the outlying property taxes. For example, if you gave real estate to a person they probably need to pay the real estate taxes before they could purchase title insurance or mortgage the property.

Related Questions

How do general contractors operate?

Some contractors actually purchase property and perform all construction work themselves. In other cases, a general contractor may be hired by a developer or landowner to provide construction services.


Where can I find contruction hats?

Construction hats are a necessary safety precaution for people at construction sites. They serve the purpose of shielding people's head from hard falling object. You can purchase construction hats from Cooper safety supply. This company has a website that give you a full description of the safety hat you are looking for and the price.


How to record a property purchase in QuickBooks?

To record a property purchase in QuickBooks, go to the "Banking" menu and select "Write Checks." Enter the property purchase details, including the amount paid and the property information. Save the transaction to record the purchase in QuickBooks.


Where can I purchase used construction equipment online?

There are a variety of places to purchase construction equipment online. You should check with sites such as Craigslist and eBay first.


When can you purchase a property in Monopoly?

In the game of Monopoly, you can purchase a property when you land on an unowned space and choose to buy it during your turn.


Where can one purchase insurance for rented property?

There are a number of companies one can purchase insurance for a rented property from. One can purchase from 'Allstate', 'American Modern' and 'State Farm'.


How do you maintain proper accounts for a construction company?

purchase


Where can one purchase Playmobil construction sets?

When looking to buy a Playmobil construction set then it may be possible to purchase Playmobil construction toy from Argos, Amazon, Tesco, Toys R Us or the Lego websites on the internet.


How soon after purchase can you refinance a property?

You can typically refinance a property as soon as 6 months after purchase, but it depends on the lender and your specific situation.


Can you get a home equity line of credit to buy a home?

No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.


Where can one purchase a pink construction hat?

Construction hats are typically bright yellow in color. However, if one desires something brighter and more playful, one can purchase a pink construction hat at "Windy City Novelties."


Can you add property taxes to the cost basis of a property?

No, property taxes cannot be added to the cost basis of a property. The cost basis typically includes the original purchase price of the property and certain expenses related to the purchase, but property taxes are not considered part of the cost basis.