EasyEd
Established Member
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I’m currently looking at buying a condo. A good buddy of mine bought a condo in the same complex a few years back when the market was high for $310k. I’m looking at an identical unit that is now about $235k, but I think I can get it for around $215, as the seller is pretty desperate. Anyway, I only want to stay there for 3-5 years, and then leave. Do you guys foresee the market getting back to what it was? Would I be able to sell it for $310k again as it was sold for about 3 years ago? If so, how long do you think it will take before the market gets to that point? I’m not necessarily looking to turn a huge profit on the place or anything, I just want to be able to know that in 3-5 years if I’m ready to move to a bigger house, I can just sell and turn a small profit and move on, and not worry about staying in it forever until the market shifts, which is the predicament my friend is in now who lives there. Thoughts???