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Does the purchaser of an IZ unit gain equity on the unit?

April 26, 2017equity gain iz purchaser

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Does the purchaser of an IZ unit gain equity on the unit?

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Yes. The purchaser of a unit builds equity on their full investment in the property. They do not earn equity on the value of the unit that they did not pay for when they bought the home (the difference between the appraised fair market value and the IZ set price of the home).