Condomania

Let me start out by saying I'm a fan of condominiums.
Here's why. No yard work and little maintenance. You pay a fee someone else does the work and you can enjoy those couple of hours off.

And if you're a fan of condominiums now would be the time to buy one.

There is an absolute glut of them on the market. I mean from Sarasota to Palmetto there are literally thousands of resales and boat loads of new builds.

The seller's though need a little lesson in pricing. Drop your prices now, that is what will stimulate the market.

There is several years of supply on the market. For seller's you're either on the market or in the market. In you sell, on you languish with the thousands of other overpriced houses and condominiums.

For buyer's it is a kid in the candy store time. You can pick and choose to your hearts content, from beach front to golf courses.

Here is a word for the wise if you are looking at the builder's inventory also get a real estate agent to look up the resale inventory.

I have seen instances where the builder's are asking in excess of 50 percent more for their unit compared to other similar resale units in the complex.

In this market the resale unit might well have been bought by an investor and never lived in.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com