As a real estate broker I specialize in selling attached living. Up until recently buyers had limited options. Most of the inventory out there is dated or in communities with high HOA dues as communities are either rebuilding their HOA reserves or going through significant renovations.
And, then there is the issue of litigation between the HOA and developers making the community ineligible for financing – cash, private or portfolio financing only. As an example, I closed the last traditional conventional mortgage at Optima Biltmore in July of 2012. Yep, 2012.
Bottom line, limited options for buyers. Until now!!
In 2014 investors started to realize that the condo market had not only recovered by was thriving. Investors and developers became excited and started purchasing land and planning new communities.
Buyers now have a variety of new construction options available to them. Anywhere from small infill communities like ArtHaus and Uptown Row to trophy communities like en Hance Park Condominiums and Portland on the Park.
As an industry we don’t do a very good job of making it easy for buyers to find out about new home communities and how they compare against each other. The information in MLS is usually limited. It usually takes visiting a sales office to obtain detailed information.
Recognizing this void I’ve created a page on my website to list all new condo communities. This is an active page, meaning my team and I are constantly updating it as we learn of sales activity and price changes.
Not only do we specialize in condos, but in new condos. All of us have extensive experience in working with developers to sell new condos. Since we know how developers think, we can negotiate a great deal for you.
If you are searching for a new condo or townhome, I would love to brainstorm ideas 🙂
Roberta Candelaria, 602-791-3292, [email protected]