Question

Purchasing a condo as soon as you can allows you to "pay rent to yourself".
Which term refers to the money that you will get when sell the condo?
O Equity
O Tax deductions
Liquidity
O Annuity

Answer 1

Final answer:

Equity is the value you will gain when selling a property.

Explanation:

Equity is the term that refers to the money you will get when you sell the condo. When you own a property, the equity represents the portion of the property that you truly own, excluding any outstanding mortgage balance. It's a crucial financial asset that can grow over time as the property value appreciates.

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