Sue Williams, Real Estate Pro in Bellevue, WA

What's the catch? Must be leasehold at this price! Any problems with the lease? When is it up and when it does it re-negotiate? Cash only?

Asked by Sue Williams, Bellevue, WA Wed Aug 7, 2013

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Kristi K Tanaka’s answer
You may get a loan on a leasehold property it doesn't need to be cash. It depends how long the lease is and the step ups or renogotiations of the lease. Also, keep in mind some areas on the island are on the lower end... So again as mention before it depends what property you are refering to and its location.
0 votes Thank Flag Link Thu Aug 8, 2013
If it looks too good to be true, it's probably leasehold. The majority are expiring in 15-20 years now.
0 votes Thank Flag Link Thu Aug 8, 2013
What property are you refering too?
0 votes Thank Flag Link Wed Aug 7, 2013
The condos at Kahala street for under $200k!
Flag Wed Aug 7, 2013
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