Ask David

How long does interim occupancy take?

Dear David: We bought a brand-new freehold townhouse and have received interim occupancy. How long does it usually take for this type of unit to reach final closing? – WAITING PATIENTLY DEAR WAITING: Your question concerns me because interim occupancy is not generally involved in the purchase of a freehold townhouse. In a freehold property

Read More »
Ask David

“Freehold” Fees, Closing Costs?

Dear David, They said it was a freehold townhouse, and now we find out there’s a $90 fee every month. – SURPRISED DEAR SURPRISED: Quite often, town homes are listed as “freehold” when in fact they have an associated fee. This is the bane of my existence. Like you, I wouldn’t typically expect a freehold

Read More »
Ask David

How Much do we Spend? What’s a POTL?

Dear David, We are renting and have been approved for a $400,000 purchase. I am comfortable shopping at that price, but my spouse wants to spend $300,000. Who do you think is right? – PLAYING IT SAFE DEAR PLAYING IT SAFE: Your spouse is the person you’re living with and of course they need to

Read More »