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How do you determine the price of a condo and what part does the area play in the pricing of a condo?
Wiki User
∙ 10y ago
Condominium ownership implies that according to the land-use documents on file in your county hall of records, all owners own areas in common, and individual unit owners own space inside a line drawn somewhere in or on the walls of each unit.
If you're pricing your condominium, the price you ask includes the space defined for your unit and all the common area owned -- in common -- with all other owners. As an individual seller, you have no option to include or exclude common areas from the purchase.
You can work with a local condominium-savvy real estate agent to help you establish a range for your property, given comparables in the local market.
Wiki User
∙ 10y ago
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How much usually for condo for sale in Chicago?
There are lots of prices for condo's in the Chicago area. All of them have different factors that will affect the price. Age of the condo, dues, age of appliances, and location are all factors that will dictate the price. Also, if the condo is a foreclosure will have some bearing on the price. Generally someone can purchase a condo for about $250,000.
What should marketers consider when pricing products in different locations around the world?
There are many things to consider when marketing and pricing products around the word. The type of product and where the product will be sold will help determine price, as well as if it will be sold in a given area.
Are back porches a limited common area in a condo?
There is no standard. Read your governing documents to determine the ownership status of a back porch.
What is the average condo fee charged in downtown Seattle?
"This depends on the type of condo, the housing market, and where in Seattle it is located. The average price for a middle range style condo can be around 250k and monthly cost will depend on you mortgage statements and you deal with the bank."
Where can you rent a condo in FairfieldCT?
There are condominiums for rent all over Fairfield, Conneticut. It will depend on what area you are looking for, your price range, and what features you want.
How do price a condo apartment for sale?
Your realtor should help you with this by obtaining what are called "comps" ... recent sale prices of similar dwellings in the same area.
What is the average house value in the Atlantic Avenue area of Virginia Beach, Virginia?
In 2011 the average price of a condo was about $265000. This is up from $121500 in 2000. For a house the price can easily be double this depending on the size and facilities.
What is the best way to compare pricing for internet service?
This website will show you what's available in your area http://www.connectmyhighspeed.com/best-price.html. It also shows you the differences in pricing so you can find the services that you need at the best price.
Where do I buy cheap cars in the Chicago area?
Auto Warehouse is a very good place to buy used cars in the Chicago area. They have special internet pricing and/or you can request a bottom line price.
What is the average price of a condo in Big Bear Lake CA?
An average price for a condominium in the area of Big Bear Lake California, is about three-hundred-twenty-thousand dollars ($320,000.00) . The true cost of a condominium in this area would ultimately depend on what features the buyer is looking for, such as the amount of bedrooms and bathrooms.
Who has the best price on DSL High Speed Internet?
To determine who has the best price on DSL High Speed Internet in your area you would have to check your local listing to determine who provides this service in your area. Once you have a listing of providers you would have to inquire each one individually to compare prices.
Can i force my co-owner of our condo to sell if he cant pay all is part of the condo fees?
Yes. You can petition the court for a partition of the property. If the court agrees it will appoint a commissioner to appraise the property and determine a selling price. You can then purchase your co-owner's interest. Since there are added court fees and legal fees associated to the partition you should try making a fair offer directly to your co-owner.You should discuss the situation with an attorney who specializes in real estate in your area.
