New Downtown Minneapolis Condo Or Resale - Which Is Better?
When you are looking for your next home in the Downtown Minneapolis Condo market there are so many things to consider that you wonder if you will ever be able to make a choice. And one of the choices that many buyers want to know is if they should buy a resale or a new condo? Actually, there are benefits of both.
When you buy a new Downtown Minneapolis Condo straight from the builder then you will be getting something never lived in by anyone else. On the positive side, everything will be clean and fresh with no odors, stains or damage. You may even get to pick your own colors or appliances, if you find the condo in time. Also, you can get the builder warranty that covers new condos for the first year.
But you need to also realize that unless the builder is experiencing financial problems they will probably not be very willing to negotiate on price or other substantial areas. Also, they may offer to pay some closing costs, but they are not obligated to do so. All you can do is ask.
Another thing to consider is that with new Downtown Minneapolis Condos more and more builders are looking at ways to save money. They used to include all of the appliances in the cost, but have realized that they can charge separate for them and pocket that amount. Also, remember that there typically aren't window treatments and sometimes even things such as garage openers may be absent. Landscaping will usually be very minimal, too. And unless you buy a more expensive model, chances are the carpet will be a cheaper version, typically called "builder grade".
Some buyers will only purchase from private sellers for several reasons. For instance, all of the little things have been taken care of and the yard is well established. Bu the biggest reason is that sellers are much more willing to negotiate on price and closing costs. This is a key difference that could mean thousands and thousands of dollars.
You will have to look at both kinds of Downtown Minneapolis Condo and see what kind of money you can save versus what you are getting for the money.
There is a lot of free information available to you about buying, selling or investing in Downtown Minneapolis Condos or Minneapolis Lofts. For complete information about the Downtown Minneapolis Condo market including current condos lofts for sale, values, and more please visit the most complete website online www.LivingInDowntownMinneapolis.com dedicated to everything Downtown Minneapolis Condos. Contact Mike Weiland & Elke Stephan of The Weiland Group of Keller Williams with any of your real estate or mortgage related questions by filling out the form below.
P.S. Free weekly list of Downtown Minneapolis Condos including private listings and foreclosures in the most popular locations call the 24 Hour Recorded Information Hotline Now for details...1-888-391-9039 Ext. 126 or visit www.LivingInDowntownMinneapolis.com.
