Condo living comes with great perks that make these attractive to many homebuyers. But keep in mind that COVID-19 has changed some things in the real estate market. If you’re looking to buy a condo this year while in the midst of the pandemic, here are 5 things to think about:
Pick a Convenient Location
Picking the right place is especially important now with heightened social restrictions and health concerns. So, choose a condo that’s easy to get to and provides convenient access to places like groceries, banks, hospitals, schools, and your place of employment.
These are qualities you’ll find in the resort-style condos for sale in La Quinta, CA. Not only are these located in key areas in the city, but they’re also surrounded by lush greenery with spectacular views of the Santa Rosa Mountains.
Buy as Early as You Can
Despite the global pandemic, housing prices all over Southern California have been going up. For instance, La Quinta condo values went from $400K in January to $412K in August – and these figures are expected to go even higher in the next year. So, if you’re ready to buy a new condo, then start the process early on to get the best price possible. Buying early also maximizes the value of your investment in the long run, making it a valuable asset to have.
Know All the Fees
You don’t want to spend more than you can handle – especially with the looming uncertainty due to the pandemic. Ask yourself first if you can afford all the condo fees like utilities, maintenance costs, and association dues. Check out what the insurance covers as well. If it doesn’t have what you need, you may have to get your own policy. Condo fees can go up over time, too, so keep your finances secure before committing to anything.
See if You Can Get a Virtual Tour
With open houses currently not allowed in states like California, virtual tours can be a great help. These tours can simulate the actual experience of walking through a condo while you remain at home. They not only save you time and money, but they also keep you safe while this health crisis is still in effect.
Hire a Realtor
It’s going to be doubly difficult to navigate the real estate market on your own, especially with the specter of COVID still hanging over everyone’s heads. You’ll need the help of a professional in this case – a Realtor who has studied the impact of COVID-19 on the market climate and who has the tools to effectively help you find the perfect condo during this time. They can work with you in getting in touch with sellers, dealing with paperwork, and even handling tricky negotiations so that you can get the best deal.
Have the resort-style condos for sale in PGA West, La Quinta, CA caught your eye? Or maybe you’ve taken a liking to the gorgeous real estate in Rancho La Quinta? Whatever the case, I’m here to help. I’m top La Quinta Realtor Kathleen O’ Keefe Galigher, and I can show you all of the best homes in the area. Call me today at 760.567.7822 or send me a note here.