Investors are the Condo Fees an Issue? Gainesville VA and Loundon County

By
Real Estate Agent with Century 21 Redwood Realty

There is a beautiful four level townhome in Gainesville, VA for sale under $170,000. These properties sold last year close to the high $250-300Ks. The foreseeable future is definitely an increase in the community. Why do investors stray away from an excellent opportunity? The condo fees are $235 a month. Have we lost long term investors? I am finding a trend in various counties with this issue.

Comments (1)

Marcy Moyer
eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA
Probate, Trust, and Investment Specialist

I have found in Ca. in the Silicon Valley that many investors just do not want to pay condo fees. I guess they think they can defer maintenance longer than an HOA would so that will save money.

Marcy

Jul 06, 2010 02:55 PM