A friend of my wife's called with some big news...they are moving. The live hundreds of miles away and will continue to live hundreds of miles away in the other direction after they move.
The friend was all excited about the impending move. Probably no different than any of us when we have purchased. This is going to be their retirement condo on the water. My wife an I have lived in this same town nearly 12 years ago. We know the area and the condos where they purchased a unit.
This happens to be a resort community. They visited the community in the off season. They purchased in the off season as well, do they have a surprise coming!
Doing your homework is not just for kids in school. That old phase should be on the tip of every buyer and sellers tongue. The friend of my wife and her husband committed the biggest sin of all...not knowing the market or where they were buying.
They found a great deal....I wonder why? They bought a condo with a view of the marina...right across the street with their balcony overlooking the public marina. That was one of the selling features for them. OK, let's consider this is a public marina...transient boats, party boaters, drinkers, fun loving boaters. So if you are a party animal you might really enjoy this spot. They are not...so this is the first thing they are going to hate! This will get old fast! Every week you will have a new crop of boaters ready to have fun.
The town was quiet and everyone was friendly...of course there was no one there! In the summer months the population swells from Mayberry to Chicago....anyway that is what the locals say. The average population is about 15,000 and from Memorial Day to Labor Day the average is 70-100,000 as cottages are opened, hotels fill up and the marina has boats coming and going. There is also a cruise ship that docks twice a day morning and night. Horns blow, engines pump out the smells of the big desiel turbines that power the ship. They are going to like the smell of desiel in their condo all summer long.
This is kind of like buying next to an airport on the day the planes were grounded!
Their new life of quiet and peaceful is going to be shattered this weekend and will continue through Labor Day!
How do you spell Oops!
Doing your homework using an agent will save you money, time and mistakes.