I’ve been getting a lot of questions about condos lately, so I decided it was a good time to answer some of them.
Looking to sell a home in Southern California?
Looking to buy a home in Southern California?
The condo market is very strong. We had more than 300 condo sales in the Long Beach area just in the last six months. One, two, and three-bedroom condos are all moving quickly.
"Condo payments are lower."
On the flip side, if you’re looking to buy a home, a condo can be a great option. If you’re just getting into real estate investing or if it’s your first purchase, a condo is a good way to get your feet wet. Condo payments are lower and you don’t have all the responsibilities you do with a single-family home. If you’re someone who likes to travel, it’s nice to be able to leave and have things taken care of. That not always an option in single-family homes.
For investors, condos are a great option. The nice thing is you don’t have to worry about things like the roof, the plumbing, or other external items. It’s like having an apartment that you’re able to rent out. Condos are in the price range where people can actually still afford them, and it's an opportunity to get in on a good investment at a lower price.
If you’re thinking about buying or selling a condo or know somebody who is, give me a call or send me an email. I’d love the chance to talk to you about your real estate goals.
