|
Tenants-in-Common and Condo Conversions: Purchasing a 2-unit building with a partner as Tenants-in-Common (TIC) can be an affordable way to buy a home in San Francisco. Ultimately converting the units to condominiums can raise their value significantly.
I help buyers purchase 2-unit buildings as TICs. TICs are a form of group ownership. Many buyers in today's market purchase buildings as TICs, usually with condominium conversion in mind.
The market for TICs is still very strong, although the laws regarding them and condominium conversion are continuously changing.
Purchasing a building as a TIC can be a rewarding but complex matter. To explore the possibilities contact Pota Perimenis, a realtor experienced in TICs and Condominium Conversion. If you have any questions on TICs, condominium conversion, or other real estate issues, please call me at (415) 407-2595. You can join my database of prescreened TIC candidates. I look forward to hearing from you!
The following links provide some comprehensive articles that answer many questions on TICs, condo conversions, and the Ellis Act.
|