Equity sharing is an arrangement typically used when a homebuyer cannot afford the full down payment of the home he/she wishes to purchase, but has enough income to pay the full monthly payments. An equity share can also be used where the homebuyer can afford the home but cannot qualify for a mortgage.
Equity sharing is another name for shared ownership or co-ownership. It takes one property, more than one owner, and blends them to maximize profit and tax deductions. Typically, the parties find a home and buy it together as co-owners, but sometimes they join to co-own a property one of them already owns. At the end of an agreed term, they buy one another out or sell the property and split the equity.
Long Beach California Equity Sharing Agreement
Category:
State:
Multi-State
City:
Long Beach
Control #:
US-0955BG
Format:
Word;
Rich Text
Instant download
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The median home price in Long Beach is $875,000 with a median price per sqft of $664. The cost of living index for housing estimates the cost of housing in Long Beach to be 235.2% of the national average. This makes it one of the most expensive cities in the US.
Overall, Long Beach is an ideal location for those who enjoy living near the ocean and mild weather. The city's beaches and oceanfront offer a range of activities, while the mild climate makes it an ideal location for outdoor activities throughout the year.
Long Beach is so close to every terrain and climate that in one day, you could surf in the morning, snow ski in the afternoon, and come home and see a movie at night. Every famous Southern California landmark, attraction, and destination is easily within a two-hour drive from the city.
Long Beach: An underrated destination While part of Los Angeles County, Long Beach has a much more laid-back vibe than LA, yet there is still plenty to do and explore here. There has been a lot of revitalization and new developments going on, making Long Beach an even more attractive destination to visit.
Voted one of America's ?Most Walkable Cities,? Long Beach is comprised of eight distinct neighborhoods and tucked in along the waterfront centrally located to Los Angeles and Orange County. Experience the big-city feel with small-town charm in a unique oceanfront setting ? Welcome to Long Beach.
Long Beach is located in one of the wealthiest counties, in one of the wealthiest nations in the world, yet 22.8% of our residents live at or below the U.S. Federal Poverty Guidelines. That's consistent with the 23.2% of Californians living in poverty, but significantly higher than the national rate of 15.1%.
Long Beach boasts five miles of the finest, cleanest sand and safest bathing in the northeast. There is a fee from Memorial Day to Labor Day (see price schedule in Beach Park section). There are also town and county beach parks in Lido Beach and Point Lookout. Admission is free, but there is a per-car parking charge.
