What Percentage of Buyers Don't understand HOA Fees & Taxes VS. Price of Condo ?

By
Real Estate Agent with Piquet Realty

Yesterday , no matter how I tried to explain that a $200/mo HOA fee could result in savings of $72,00 plus over a 20 year period than a $500 HOA fee and that should be considered when comparing prices of condominiums ,it had no effect on the buyer.She just reacted to the price as too high and that was that .So as I know  must other agents already know ,you really can not change a persons mind if they really don't understand the concept and no interest in trying to understand .I know many buyers understand that all costs of buying  a condo are very important and each one should be carefully considered ,but I wondering how many agents come accross buyers who are fixed on price and what were your experiences.What is your experience?

Comments (2)

David Spencer
Keller Williams Northland - Kansas City, MO
Show Me real estate in Kansas City

The buyer is always right. Convincing arguments frequently end up as a no sale.

Jan 18, 2012 04:00 AM
Michael Correra
Piquet Realty - Brickell, FL

David, I agree ,,but the question I  posed was  what percentage of buyers are like that?

Jan 18, 2012 04:43 PM