Condo-Hotels: Market Change or Day Dreaming?

Jason - no, you have a Deed like with any other condo, so this is not a time share.  What different- condo-hotels are still run as hotels, and their license with the State is Transient Facility license.

A simple was to explain is that this is a trade where for very little money (price is very favorable) you may get into a lot of headache :)

Raymond - of course, it is different everywhere, but here, in Daytona Beach area, we start with telling people that if they can afford a residential condo, then they will have less headache, and will be happier in the long run.

It is an alternative to more expensive residential condos on the beach, but like everything else in life, you gain something, you lose something.

Carla - I am sometimes puzzled when agents do not think about the market. They would make a statement, and when you ask them why, they are at a loss. They just do not think about it.

And then there are agents, who are always asking why. Looks like we are both from this category :)

Carla - I think I did, but I will check it. The simple explanation of condo-hotels is on my website, which is still under construction.

Marina - this wonderful planet is called Florida. We found it in 1996, and are so glad we did.

Anna Banana - for the last 3 years it is slowly, but surely, gets stronger. And yet a long way to go...

Eric - my pleasure. And as for financing, we do not see financing for condo-hotels. We have a couple of companies that claim that they have a program for condo-hotels, but when it comes to it, they either have a size minimum at 500 sf, and majority of condo-hotel units are between 300 and 400 sf, and often even smaller; or they would require the stoves, and many don't have it.

The other reason we are cautious about financing, is that even if you get it, then it is very unfavorable. The amount is small, and the cost is exorbitant.

Plus, we are trying to tell people that they are most probably would be breaking even, and any financing would put them at need to bring the money to the table every month.

I will do it, Gina. thank you

Ruth - yes, it is. Thank you

Kat - looks like it. We simply do not know which number will trigger craziness like it happened in 2004

Thank you, Randy

Mike - it is still under construction. We hit a snag with IDX, and I could not do anything for several weeks waiting for the programers to fix it.

I hopefully, will have it fixed, so then you would be able to search condos and condo-hotels

Erica - we do not know why, but it is quite consistent through the years with slight fluctuations. But January and February being the slowest months, that's for sure.

Gary - I do not think you have any condo-hotels in Brevard, but I might be wrong. That's an interesting animal, Gary.