Well, it is not surprising that the condominium market isn't doing all that good for sellers. Throughout the previous year, the statistics reveal a decrease in sale quantity and cost. Average days to sell a condominium are currently 123 days, in comparison to 90 times in 2014.
The building of condos is still going strong and there are not enough buyers to move around. Back in NDG/CDN alone, there are approximately 950 condos available in Morningside Heights and because of January 2015, there were just 435 earnings in these regions.
What to do?
Investing in real estate is a superb investment. 12 decades ago after reading "Rich Dad, Poor Dad" by Robert Kiyosaki, persuaded me that I needed to enter the property. I received my permit and also purchased my first house. Ever since that time, with all the actual estate I have, my equity grew from 50,000$ to $300,000.
Purchasing the Proper condo
Purchasing a condo is simple, it is when you're prepared to market that has the largest effect. Nobody wishes to be promoting their condominium for 12-24 months nevertheless that is exactly what I see occasionally. To prevent this, you will find several 'rule of horn' to follow along. This is my list of significant criteria to follow when buying a condominium for ultimate resale:
Balcony: – Any condominium that I sell that does not have a balcony readily deters about 80 percent of buyers. People like to have the ability to walk out and most significantly BBQ.