HOA AND TAXES ARE WHY ORLANDO AREA REAL ESTATE SUCKS

If your curious why the Orlando Condo Market is terrible let me tell you. Right now you can get a condo for a pretty good value when you look at the list price. For instance, I showed a 1 bedroom condo for 140k in a gated community very upscale called the Hamptons at Metrowest. My buyer asked what's the HOA and Taxes on it? Well Taxes almost 4k a year and HOA almost 400/mo. You are paying almost 800 bucks a month before you even get to your mortgage payment. It's ridiculous right now and I get sick when I look at stuff like this. Developers really sucked the life out of the real estate market here with all these condo conversions and then put all the fees associated with paying on the properties to the buyer in the HOA fee. There are some rare good deal out there if you are looking at great prices but always look at the taxes and HOA Fee.

Mark Adamczyk
www.ItsYourSale.com
Central Florida Real Estate at it's finest!