Buying A Home

[Jaml2000]

I am a first time buyer of anything real estate related and I am looking at condos in florida.  Some of them are listed at prices as low as $25000.  is that the price they are expected to sell for or is it kind of like an auction wher interested buyers make offers and the price goes up?  Like I said I know virutally nothing about buying homes and If i was to offer the list price is that even going to be considered?  any information anyone can give would be greatly appreciated. thankyou

[ncgrandfather]

 YES the Price is Right..............

     It is important that you research the details on everything before you make a offer. Meet with at least 2 Realtors before you chose one to work for you. (you should never pay a fee up front to a realtor to show you homes, they are paid at closeing by the seller)

  Your Realtor can supply you with information like how much is owed on the Condo, if it is Bank owned (REO) and so much more information that is much harder for you to find. This way you can be prepared to make a well informed offer. Good Luck.

[Yaya]

Yes, that's the price, all right!

Here, in Atlanta, some condos are as low as $5000.00 because the market for condos is at an all time low with buyers opting for low cost single family houses instead.

And because the common charges are on the rise you can end with a significant higher total monthly cost that may equal the same payment as a single family house.

[Hugh-Anthony M.]

Keep in mind hon. that the cost of living in FL is not as high as in, let's say NY.  and obviously where ever you live.  The money once you move to FL.  Your money will be a lot less than you make in NY or where ever you are. So, don't fall in to the trap of think of purchasing a place in a different state bacause you're making beaucoup d'argent elsewhere. Always think of what your take home pay will be in the state where you are attempting to purchase a home.  Wages are high in NY but COL is also very high and much higher than you make for the average person in living in NYC. Compare it to where you are now, always.