- This topic has 186 replies, 13 voices, and was last updated 12 years, 8 months ago by
kcal09.
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June 29, 2011 at 11:01 PM #707922June 30, 2011 at 9:53 AM #706766
sunny88
Participant[quote=kcal09]Looks like the prices have not changed much since April 2011. Does that mean that we are getting close to a bottom as the overall market has weakened over the last few months? I’m still interested in buying a 3/3 condo (1,700 sqft) for investment.[/quote]
Those units rent out for about $2,500/month depending on location within the complex. In my opinion there a far better investment properties out there but if you’re planning to hold on for a long time or even consider living there it’s a great option. The location is very convenient and the development is nice.
June 30, 2011 at 9:53 AM #706863Participant[quote=kcal09]Looks like the prices have not changed much since April 2011. Does that mean that we are getting close to a bottom as the overall market has weakened over the last few months? I’m still interested in buying a 3/3 condo (1,700 sqft) for investment.[/quote]
Those units rent out for about $2,500/month depending on location within the complex. In my opinion there a far better investment properties out there but if you’re planning to hold on for a long time or even consider living there it’s a great option. The location is very convenient and the development is nice.
June 30, 2011 at 9:53 AM #707463Participant[quote=kcal09]Looks like the prices have not changed much since April 2011. Does that mean that we are getting close to a bottom as the overall market has weakened over the last few months? I’m still interested in buying a 3/3 condo (1,700 sqft) for investment.[/quote]
Those units rent out for about $2,500/month depending on location within the complex. In my opinion there a far better investment properties out there but if you’re planning to hold on for a long time or even consider living there it’s a great option. The location is very convenient and the development is nice.
June 30, 2011 at 9:53 AM #707613Participant[quote=kcal09]Looks like the prices have not changed much since April 2011. Does that mean that we are getting close to a bottom as the overall market has weakened over the last few months? I’m still interested in buying a 3/3 condo (1,700 sqft) for investment.[/quote]
Those units rent out for about $2,500/month depending on location within the complex. In my opinion there a far better investment properties out there but if you’re planning to hold on for a long time or even consider living there it’s a great option. The location is very convenient and the development is nice.
June 30, 2011 at 9:53 AM #707977Participant[quote=kcal09]Looks like the prices have not changed much since April 2011. Does that mean that we are getting close to a bottom as the overall market has weakened over the last few months? I’m still interested in buying a 3/3 condo (1,700 sqft) for investment.[/quote]
Those units rent out for about $2,500/month depending on location within the complex. In my opinion there a far better investment properties out there but if you’re planning to hold on for a long time or even consider living there it’s a great option. The location is very convenient and the development is nice.
June 30, 2011 at 2:00 PM #706834kcal09
ParticipantI have been watching these condos for several years now and believe that the prices are near bottom. Demand is definitely there, especially for rentals in SR as many military and tech company employees are renting here. I feel that these properties will appreciate over the next 10-15 years which is the period I’m planning to keep the condo.
June 30, 2011 at 2:00 PM #706933ParticipantI have been watching these condos for several years now and believe that the prices are near bottom. Demand is definitely there, especially for rentals in SR as many military and tech company employees are renting here. I feel that these properties will appreciate over the next 10-15 years which is the period I’m planning to keep the condo.
June 30, 2011 at 2:00 PM #707532ParticipantI have been watching these condos for several years now and believe that the prices are near bottom. Demand is definitely there, especially for rentals in SR as many military and tech company employees are renting here. I feel that these properties will appreciate over the next 10-15 years which is the period I’m planning to keep the condo.
June 30, 2011 at 2:00 PM #707684ParticipantI have been watching these condos for several years now and believe that the prices are near bottom. Demand is definitely there, especially for rentals in SR as many military and tech company employees are renting here. I feel that these properties will appreciate over the next 10-15 years which is the period I’m planning to keep the condo.
June 30, 2011 at 2:00 PM #708047ParticipantI have been watching these condos for several years now and believe that the prices are near bottom. Demand is definitely there, especially for rentals in SR as many military and tech company employees are renting here. I feel that these properties will appreciate over the next 10-15 years which is the period I’m planning to keep the condo.
June 30, 2011 at 8:43 PM #706859SD Realtor
ParticipantSo t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.
June 30, 2011 at 8:43 PM #706958ParticipantSo t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.
June 30, 2011 at 8:43 PM #707557ParticipantSo t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.
June 30, 2011 at 8:43 PM #707708ParticipantSo t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.
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