By: Late night thought. « Nesting 101

Late night thought. « Nesting 101 — Sat, 03 Mar 2007 05:03:21 +0000

[...] Late night thought. In looking through all this stuff I think we have two real options here. The first is get in early on a recent construction (>2003) condo coversion unit (e.g. CityView). These are harder to find out about but generally no pre-sales here (nor would you want to considering the risk). The second option is just the MLS listings game. I’ve seen some recently built condos (2006) that are already on resale. They’re overpriced now but I anticipate that could change in a few months. Going for new construction is the third option but I don’t expect it to be the answer. New construction comes at a real premium and they can afford to charge more for the added values (e.g. pre-sales, options, choice of available units, everything fresh and clean). Generally speaking, I expect most people who buy new construction condos are buying it primarily as a home and secondarily as the investment. Low risk = low return. The Rain City Guide has a more experienced take on this. Comments welcome here. [...]

By: Wendy

Wendy — Sat, 27 May 2006 04:04:10 +0000

Thanks Ardell, same to you! : )

By: ARDELL

ARDELL — Sat, 27 May 2006 00:10:38 +0000

Welcome Wendy. Great post. I’ve read you blog before, and really like your writing style.

Comments on: Condos: Conversion versus New Construction

By: Late night thought. « Nesting 101

By: Wendy

By: ARDELL