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Condominiums For Sale under 300K In Framingham

Real Estate Agent with eXp Realty 9056672

April 29, 2016 11:06 AM

Condominiums For Sale Under 300K In Framingham

With appreciation rates on the move over the last few years, Buyers have to gauge what they can afford as far as a purchase price and what town they ay move to. There are still condominiums for sale under 300K in Framingham. You have to ove quickly because this selers market in Framingham and the Metrowest is seeing homes move faster than they have in many years, and at top dollar in most cases. Even in higher price points, homes are still selling fast, when about 5 years ago, those high end homes were sitting for a long time and having very little activity. Its nice to see banking regulations tighten, and they are not watched a ot more closely to avoid giving out loans to everyone now.

Whether you are buying a home in Framingham, or a condominium under 300K in Framingham, you have the ability to own a property with the loan payments still being small because of such historically low interest rates. These rates luckily are hanging still and have been low for a long time now. At some point , the FED will raise the rates and the cost of borrowing money will not be as cheap. The advantage of low interest rates wil allow you to buy a higher value property that you may not have been able to afford before. Condominiums for sale under 300k in Framingham are still available , there were about 15 in that pricepoint.

When buying a condo , you need to factor in the yearly expense, or monthly condo fees depending on how you pay for them. Usually the condo fees are between $150-$400 a month. There are also some nice townhomes in Ashland, soe of the nicest I have seen. They are beautifu 2 and 3 level townhomes. Most of the ones in Framingham are nice too, and are mostly garden style units. There are also some nice duplexes in Framingham, but there are not as many of those on the market., and not many at one time.

When buying a condominium for sale under 300k in Framingham, there are factors you need to consider when you buy a condo. Most people buying a condo do not want to deal with doing any maintenance or exterior repairs, which conod associations cover in the fee. There is also master insurance included too. Each complex has a condo association or trust that anages the units and sets the rues and regs for the complex. Some will allow pets, usually cats and only smal dogs. The less lenient ones will not allow dogs, but usually will allow for cats. It really depends on the complex. You must consider if they have 1 or 2 deeded parking spots. They will always have visitor parking for anyone who visits your unit with designated spots.

I hope this post was helpful to let you know some things to consider when deciding on a condo or a single family home , and hihc is the right ownership move for you and your family. For a free, no-obligation consultation, it would be my pleasure to help you find your new home.

Call me today at 774-286-9161. I always have time for you.