Condo, townhome, house - what to purchase? That is my buyer's problem. This is a young couple, first time homeowners and looking for a good deal. We have been out looking at condos and townhomes for the last three weeks. They have found a couple they like, but when they look at the monthly association fees they start to worry about the ability to make ends meet down the road. If everyone thought like this the market would be in a much better place today, without all the short sales and REOs we are seeing!
I am pleased that I just got a phone call saying that they have decided to go for a single family home! I think they will be happy with that decision and choosing a home that is NOT in an association that is going to have monthly fees to use a pool or tennis courts or whatever else.
As the young lady put it,"I would rather have a little extra money to put into my house". Good decision! Why can't they all be this practical???
So tomorrow we will be seeing half a dozen homes! I will let you know how things proceed~!