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Description

...is easy when you know what you are looking for

3 things to look for:

  • condos that are over 100 days on market
  • condos with special assessments pending
  • short term rental condos in the off season
3 things to know:
  • street view is least desirable
  • side view is more desirable
  • direct ocean front views are most desirable
all of these things affect the market price

the least expensive condos

are typically condotels

think of a hotel room size place

that you can purchase

stay there when you want

rent it out when you are away

these are typically cash purchases

as most of these are "non warrantable condos"

which means that more than 50% of the units

are non owner occupied rentals

if you are planning to use a mortgage when you purchase

you can still find a deal

finding a motivated condo seller

is much easier when you are flexible

if you have super specific needs and desires

you will limit your options

today's show give you an insiders view of the condo market