Mortage Trends

Payment Estimator

Calculate your mortgage repayments:

Loan amount: $
Down payment: $
Annual interest rate: %
Term of loan: years
Total interest:
$
Monthly payment:
$
are condos a risk? | Print |

Are Katy - West Houston condominiums risky to buy?

While condos never had the kind of appreciation experienced by single-family homes in the go-go 1980s, most ultimately have not lost value, say some experts. And with high prices in many urban markets and more single home buyers in the market than ever before, the market for Katy - West Houston condos is strong.
As with any home purchase, you should do your homework about the neighborhood or development before you buy. In the case of condominiums, it is important to read the past six months of homeowners association minutes to see how effective the board is and to learn about any possibly detracting issues (such as protracted litigation with the developer).
The condominium community has worked hard in the last few years to overcome image problems brought on by disputes and lawsuits. Associations are becoming more sophisticated about property management and taking steps to prevent legal problems and disputes.
Other resources:
* Community Associations Institute, 1630 Duke St., Alexandria, VA 22314; (703) 548-8600.
* "The Condominium Bluebook," Branden E. Bickel, B&B Publications, San Francisco, CA; 1993.


Questions about Katy - West Houston Real Estate?

Ask us below or Call us Now at (832) 814-8715
*First Name
*Last Name
*Email
*Phone
Question / Comments
  
Last Updated ( Thursday, 04 September 2008 )
 
< Prev   Next >

PRTEX_Logo

image63-17.jpg

Contact Information

Sanford & Seretha Sellers
Premier Realty of Texas
23930 Westheimer Parkway #120
Katy, Tx, 77494
Office: (281) 701-1573
Cell: (832) 814-8715
Fax: (281) 944-3933
SSellers@KatyDreamHomes.com
www.PRTexas.net
Lic. #: 0486459

Visit InHouston

Just Listed RSS Feed

See the newest properties as soon as we enter them in your favorite feed reader!

Don't worry about missing the right one... we make it easy for you!
RSS

FREE eNewsletter

Realtor ratings and reviews of Sanford Sellers

Syndicate this Site

Get the newest real estate Information from our site delivered right to your desktop!
eho_logo.jpg
© 2010 The Sellers Team Katy   Real Estate Websites - Free Real Estate Advice - Real Estate Marketing