Are you looking to buy the condo sizzle, or the steak?
The anticipation of a new condo project can outweigh the reality of the finished product, as buyers really aren’t sure of how the finished project is going to sell, once completed. Or how the finishes are going to translate into the emotional draw, or the lack thereof, that the project is going to emit, once completed. Developers have gotten good at building hype, and selling the sizzle that accompanies the excitement of buying a new construction condominium. But sometimes the sizzle can outweigh the reality of the product. An easily lead buyer can find themselves caught up in the excitement, and neglecting the details. Seeing a developer’s prior work, or building products can be a big help. Also, being extremely thorough can be a big help. Ask lots of questions. If the developer doesn’t have answers for you, then ask if you can reserve a unit at a particular price, until such questions are answered. Or finding a great realtor with experience in the field can be a big help.
Sizzle does indeed sell new condominiums. Any you don’t need to be ordering steak to discover that a reality check may be in order if you find yourself being lead by your emotions. Doing your homework, and asking questions is the key to avoid being stuck with a tough, rubbery cut of real estate.
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106
[…] Original post by Philadelphia Real Estate Blog – Center City Real Estate […]Pingback by Are you looking to buy the condo sizzle, or the steak? · Real-Estate.ExplainedOnline.Net — October 30, 2008 @ 4:34 pm
[…] to newer home sales should surprise no one who follows the market with even a passing interest. Sizzle does sell,Pingback by New Philadelphia Condos Can Depreciate | The Philadelphia 10 - Top Ten Lists of the Best Restaurants, Businesses, Services, and Everything Else You Can Imagine in Philadelphia, PA — September 27, 2009 @ 7:38 am