I recommend single family. Only a condo if it is ocean front and you know you have the right to rent it out.

I would be very careful buying a Condo. As indicated below, you can have problems getting loans when you buy and maybe even harder for the next buyer when you sell. If many owners are in default on the Association payments it can affect the whole complex. Call and i can explain the problems.

Linda Bayles
Remax Specialists
904-465-3852

Hummm,

I can add to your confusion.

The thing to do is sell your home. Our market is declining, so get it sold. The condo market is really down, so you have your choice. But i would look to exclusive condos, on the beach. Those will come back sooner rather than later and you can also rent them out and break even if you get a good deal, and have another place to live.

Regards,
Blaine Rabe
904-874-0714

You can probably purchase a single family home for the same price you will pay for a condo (all expenses included). It is really more a matter of which one suits your lifestyle better.

Another option may be to try and work a 1031 exchange if you are having a problem selling your home.

Doing you currently have a Realtor assisting you? If not, please feel free to contact me.

Brenda Gravitt CRS, GRI
Coral Shores Realty
bkgravitt@gmail.com
904-573-9638

You can get an amazing deal on condos right now, three big issues: Assessments, FHA approval and HOA fees. HOA fees are generally much higher than say a town house sometimes in the mid $200-$300 /mo range. Assessments have been placed on certain developments because of the high default rates and as a buyer you could be required to pay a fee at closing. There are many great condos, but with FHA financing containing the largest pool of home buyers, it might be beneficial to look at condos that are FHA approved. Good luck selling your home.