Thanks to the economic downturn, condominium prices are dropping across the country. But if the homeowners association is in the red, a condo that looks like a steal can quickly become a money pit, leaving buyers on the hook for a lot more than they had bargained.
Read the article at Bankrate.com
11 comments:
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Very nice articel......
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Smarry
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Interesting, especially with some HOA's now operating at a deficit there is a real worry about a special assessment. Be careful is the best strategy.
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Great blog. Really informative. Would love to see an article about appraisals for a place like this: http://magellansells.com/magellan-realty-blog/new-opportunity-at-aqua/
Condos, well, who doesn´t want one, I would say that many people is taking advantage of the crisis to buy them cheap
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