I found a beautiful place but its a condo. The maintenance fees are fairly reasonable, only 160 monthly and the area is located. The only problem is that It has 1 bathroom which doesnt isnt so good for resale value and eventually my fiance and I want to have at least 2 dogs. I am wondering whether this is a good investment , so any opinions would be appreciated.
2007-08-20 02:42:49 · 8 answers · asked by Iamscaredformylife 3 in Business & Finance ➔ Renting & Real Estate
The area I am interested is right around the corner from westhiemer for those who are familar with houston it is a really popular street where a number of restaurants, shopping centers, etcs reside.
2007-08-20 12:59:25 · update #1
Every market is different, so to say yes or no is only coming from the perspective of where I live and do business as a realtor. I am in Florida and 59k is a very good #! I would look at rental potential. What does this condo allow you to do and not to do. Can you live within the parameters of the complex and can you save $$$ for what you really want?
One bath is not as good for resale but if you can keep the rent down and make it more desireable #'s wise that would be a +.
Pets can be a problem and would probably be better off waiting until you can give them some more space.
Like I said I don't know the market there but I would consider how many days the condo has been on the market and offer less if it has been on for a while.
I lived in Houston 20 years ago and though things have changed drastically, I'm sure, you really need to know what the area is like and make a determination on that basis too.
Get a buyers agent to work with you and represent you, this way you can get a better understanding of the recent sales and make your offer based on them.
You also need to look at location, condition, crime stats etc do your homework!
Best Wishes!
2007-08-20 03:06:03 · answer #1 · answered by Free Thinker 6 · 1⤊ 0⤋
Try searching www.realtor.com for properties in that price range in your area. Realtor.com pulls from local Multiple Listings. If it doesn't go to a Realtor in your area and tell them you want a market analysis for that particular condo development - ie the solds in the last year, and active properties . Buy a house if you can there is more value and it usually is easier to resell. I have a website but I don't know if I can post it here, that allows you to get a freemoneyforahome.
2007-08-20 02:53:38 · answer #2 · answered by martin r 1 · 1⤊ 0⤋
Your question sounds greater such as you're finding to purchase homes offered at tax sales. those are offered at public sale. i've got faith it incredibly is the 2d Tuesday of each month on the ideal county court docket. attempt the Harris County Tax Assessor's internet site. look decrease than Tax sales. those are those you may desire to purchase for decrease back taxes. There are very specific regulations, in spite of the undeniable fact that. determine which you do verify it out intently. working example, you won't be waiting to resell the residing house for such diverse years, etc. additionally, if there are federal taxes owed, those are actually not forgiven in a county tax sale. you will grow to be to blame for those federal taxes. confirm to income for the different liens on a bite which you have an activity in. i'm not a criminal expert, so i'm not attempting to recommend you; yet there are those that may instruct you the fundamentals of procuring for property at tax sales. stable success!
2016-10-16 05:24:07 · answer #3 · answered by gustavo 4 · 0⤊ 0⤋
Is it 1 full bath and 1 half bath. Or just one bath?
Still seems like a good deal either way.
Where i live the condo you are describing might sell for 350k.. believe it or not.
2007-08-20 02:50:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i think it sounds like a good deal. ask the real estate agent to run comps on it. you want to know what other condos have sold for recently in the area.
2007-08-20 02:58:51 · answer #5 · answered by Mildred S 6 · 1⤊ 0⤋
Depends on what part of Houston, but $59k sounds like a steal.
2007-08-20 04:12:39 · answer #6 · answered by Anonymous · 1⤊ 0⤋
go to zillow.com enter the address and you will know what has sold and for how much. look for sales in this condo in the last 6 months!!!
2007-08-20 02:52:56 · answer #7 · answered by beachlover 2 · 1⤊ 0⤋
i wish we had it like that in Boston. it would cost $200,000 out here so sounds like a deal to me.
2007-08-20 02:49:16 · answer #8 · answered by TFB 2 · 0⤊ 0⤋