Is It Time To Buy a Condo

During the real estate decline, the condominium market was hit really bad, dropping in from 20 to 60 percent in prices. However this past quarter, according to real estate professionals, the average prices for condos have remained flat. And compared to March of last year, in 2010, sales for condos were up 40%. So, in the online area, through articles and blogs, the question that comes up is whether now is a good time to buy a condo apartment or not. On one hand the mortgage rates are low and there’s a big inventory of condo units to choose from, on the other hand having the deal financed might be hard because banks have stricter guidelines these days. Some banks ask for 20% down payment on a condo and can even ask for upfront maintenance fee in escrow. The local Oklahoma City movers suggest you work with a professional realtor to help you figure out where and when is best to buy a condo. If you find something you like, don’t forget to offer less than you’re ready to pay for. This way, you’ll be able to counter-offer and ready to move in thanks to All My Sons of Oklahoma City.