Sheryl, Home Buyer in Los Angeles, CA

If I'm buying a Culver City condo right now for 7% less than what it went for in 2006, is that a good deal,

Asked by Sheryl, Los Angeles, CA Tue Apr 7, 2009

average, or over-paying, based on what you're seeing?

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Dear Sheryl,
Well, it really depends upon the Condo and the location. Real Estate is down all over, although some areas less then others. Real Estate is local, and Culver City is a good area.
Some of the real advantages to buying now is the Tax Credits and the Interest rates. I'm sure your Realtor has done a CMA for you, that should give you the answers you need regarding the price and whether or not it is fair for the property in question.

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0 votes Thank Flag Link Tue Apr 7, 2009
No. Try more like 70% - wait for prices to drop more over the next few years and you will get a better price.
0 votes Thank Flag Link Tue Apr 7, 2009
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