I didnt really want to start a new thread, but I need some opinions, seeing as there are a lot of smart real estate minded people on the board.
I was thinking of buying a condo in evergreen/bridlewood this week, possesion time is spring 2007. I would be selling it just before possession. On monday they have a price increase of about $5k so I was thinking friday after work throwing my $500 down to secure one.
Is this still a good idea?
I hear there are quite a few condos going up which might satisfy demand, but they still will have price increases throughout the year I hope.
With only 5% down and with the current market, it seems to be a good idea to make a few dollars over a year (I got bills to pay, this could help).
Thanks for the input