Orlando Condo Conversions Convert
By: Marcus Burke
To keep track of the latest then: Studio Park on Kirkman is rumored to have gone into bankruptcy; Orlando condo conversion The Cottages in Hunter’s Creek has gone back to rental; likewise condo conversion Lakes at Maitland; The Mission Club is still selling - but has also started re-renting to supplement developer funds, which means if you buy there, you’ll likely be living with a mix or owners and renters. But so many are now doing this that I can’t even list them. Such is life right now on the Orlando condo market. Others are destined to suffer the same fate – all of which sounds dreadful – but for the smart buyer, it continues to mean great deals.
Remember, the time to buy is when the market is down and people are scared, not when everyone is jostling for property in the middle of a boom. Just make sure you know which project your money is going into. And remember, a real estate agent costs you nothing when you buy, and using one will likely help you make sure you’re money is going into the right condominium.
Ask us about the current Orlando Market. We’re here to help you find that great deal!
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Mixing Condo Renters with Owners at The Condo Metropolis Blog on 13 Jul 2007 at 10:56 pm
[...] I posted an article about the number of condo conversions in Orlando that have been forced to abandon sales and go back to rental. Other conversions are both [...]
The Orlando Condo Market: Part II - The Interstate 4 Analogy at The Condo Metropolis Blog on 27 Jul 2007 at 9:01 pm
[...] half a dozen condo communities that have done a vanishing act like this in the last few months (read more here). The inventory of condos for sale has dropped by several thousand, and the previously much sought [...]
Ever Decreasing Circles at The Condo Metropolis Blog on 24 Aug 2007 at 7:36 am
[...] condo projects have died completely. Since the last time we visited the subject, condo hotel Treasure Cove and condo conversion Belleza have disappeared. [...]