My Concerns- Condo Futures
I am concerned about our Charlotte condominium market right now in the shank of 2017 and I am even more concerned about how will today translate in the future.?
I may be talking myself right out of business. Maybe not.
The watchwords for both buyers and sellers will be more caution, and more in-depth investigation. As a seller, looking at number$ become$ a job, more than the cursory obligation of paying the HOA, watching for short sales, monitoring a foreclosure process, and being watchful of late or non-paying residents, aware of vacant property and rental property, all become key points
in protecting your investment.
As a buyer, you look at the same elements plus the overall condition of the property, the maintenance records, the financial statements, and the mortgage viability. Will you be able to secure a mortgage on the property, not because
of your credit but the worthiness of the complex?
What happens today in this market complex by complex
sets the stage for years to come. Caution.
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