San Luis Obsipo Condos for First Time Home Owners

Condos in San Luis Obispo are always for sale, but according to local Real Estate Sales the condo market is at it's hottest between the months of January till the end of May. In fact, roughly 90% of all condos go into escrow during this time frame.

So if your thinking of buying a condo in the near future know that your largest inventory and best time to buy is just around the corner. Interest rates are still low and first time home buyer programs make Condos a great investment for the future with very little down. FHA programs only need 3% down making it very affordable either as a personal residence or as an investment property.

I bought a three bedroom Condo while I was going to Cal Poly SLO in 1998, I rented the other 2 rooms out and my mortgage was almost paid for from the rent of my two housemates. Today the home is an income property and still has Cal Poly renters, it pays for itself and then some.

If you're a first time home buyer and have questions about how much down payment you would need for a Condo or Home, I'm here to be your resource. Condos are not complicated or tricky. They give you the flexibility of being a home owner with less maintenance to worry about like yard work, maintaining the exterior paint and roof; typically paid with your home owners fees.

Let's talk about if it is the right fit for you; traci@tracifergsuon.com
Give me a call or email me today to learn more!

Click here for San Luis Obispo Condos currently on the market
If you're looking for a condo in San Luis Obispo County email or call me today!

"A Realtor that knows homes."

Traci Ferguson
805-235-6396
traci@traciferguson.com
http://www.traciferguson.com
License #01875751, ecoBroker #16082
 
This post has been included in California Real Estate News San Luis Obispo County, CA Real Estate News
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1 Comments on San Luis Obsipo Condos for First Time Home Owners

MAY
07
2011
Outside Blog

Interesting that condos sell at the beginning of the year - never heard that before.  There are some great deals on condo's in the San Francisco Bay Area.  Well, San Francisco still is very high priced but I've been selling very nice condo's in Oakland to first time home buyers for under $250,000.  Most of these first time home buyers are single professional women who don't have time or the energy for maintaining a house.
2:34am • #1


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Traci Ferguson, Realtor, EcoBroker, LEED AP®

San Luis Obispo, CA

More about me…

San Luis Obispo Realtor & ecoBroker with Patterson Realty

Address: 444 Higuera Street, 3rd Floor, San Luis Obsipo, CA, 93401

Office Phone: (805) 235-6396

Cell Phone: (805) 235-6396

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