CONDOS ARE STILL A GOOD WAY TO GET INTO HOUSING MARKET

By
Real Estate Agent with Keller Williams Realty SunCoast

Condominiums can still be a good way to get into the houseing market and start home ownership.

All buyers are different and so are their personal preferences and needs.  Remember that your buyers may not be able to afford to buy a house, particularly if they are first time homebuyers.  Do they want to spend time doing maintenance and yard work?  Perhaps not.  In some areas condominiums have held their value.  This is your job as a realtor to assess wisely.  You need to be able to advise your buyers as to the investment potential in your market area.

Carole Lhuillier
Keller Williams Realty

Comments (5)

Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

Condos depreciate more and faster in my area, than small homes.  The monthly fee really has increased and the expense of it makes the prices drop even more.

Aug 11, 2008 06:05 AM
Michael Wayne Jackson
Coldwell Banker - Novato, CA
Broker - Seniors Real Estate Specialist Novato

I agree Carol. The first place I purchased was a condo and the value shot up and it was affordable.

Aug 11, 2008 06:10 AM
Jan Gaweda
Realty Mark CityScape- BUY SELL FIX FLIP RENT - Norristown, PA
BUY SELL FIX FLIP RENT

Depends on where you are. Condos are the right option for the right people.

Aug 11, 2008 06:10 AM
Denise Shockey
RE/MAX Aerospace Realty - Cocoa Beach, FL
Cocoa Beach, Brevard County Florida Real Estate

Hi Carole, condos are definitely a great option in Brevard County Florida!  They are affordable and offer a great value, especially along the beach.

Aug 11, 2008 06:41 AM
Bill Parecki
Elite Pacific Properties - Hilo, HI
RS, ABR, RDCPro, SFR, E-Pro, SRS, AHWD, Green

I agree, here in Hawaii they are often the first time buyers best move.

Aug 11, 2008 08:02 AM