If you’ve been paying attention to the podcast, you already know that the number of homes for sale (supply) is actually going lower.

So right now, there’s less for sale than there was just a few months ago.

Condos May Fit Your Budget

While condos may be smaller in size and lack your own private backyard, but that’s also a reason they may be more affordable.

According to a recent report from Realtor.com, condos sell about 7% less than homes.

One of my recent clients just closed on his 2/3 bedroom condo with 2 full baths, garage, vaulted ceilings, open floor plan and basement and paid $404,000.

That’s in comparison – in the same zip code – to an average selling price of $439,167. He paid 8% less!

Yes you have common charges, but you have them anyway when you own your own home (you cut the grass – or pay a landscaper, you shovel the driveway, you pay for the new roof, siding, landscape upkeep etc).

Homes have “common charges” also!

Your First Home Doesn’t Have To Be Your “Forever Home”

Whether you’re buying your first home or your second or third, your next home doesn’t have to be the one you live in forever.

If you need to make adjustments financially, owning a condo for the next several years, will probably be much better than shelling out rent to someone else and having absolutely no potential for investment return.

Living The Condo Life

You don’t have to do the upkeep outside. Go about your day and your life and let someone else handle it while you enjoy your time doing other things.

Location. Location. Location. Most condo developments are located close to areas of work, shopping, and leisure activities.

Honey, check out these amenities! That’s right! Many condo developments offer swimming pools (that someone else cares for), gym, community clubhouse, tennis courts, and other things to do!

Call me today if you’d like to adjust your home search options and let’s start looking into condo options!

Call or text me today (631)831-9048.