Home Buying in Fremont>Question Details

Ftp, Home Buyer in Fremont, CA

Which is a better buy?

Asked by Ftp, Fremont, CA Wed Mar 19, 2008

1980 remodeled condo 3b,2ba, around 1400 sq ft near Fremont Hub in Sundale,
or a 1991 SFR in Newark, 3b, 2ba , around 1400 ft for around 530K?
School districts for both have pretty much the same rating.

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Answers

5
I am with the SFR - here's something that you need to consider for future re-sale or even re-financing down the road. HOA dues, and Assetments - and ratio of renters to owners. What seems like an ideal situation for a Condo can leave a buyer facing increasing HOA's and struggles for resale. If they both meet your goals and desires - I think most agents would be inclined to go with the SFR. Good Luck
0 votes Thank Flag Link Thu Mar 20, 2008
Hi Ftp

Thanks for the additional info.

The answer is "It depends"

That seems to be the standard answer in real estate.

Right now in our market Condo's are Hot and SFR's are Cold! That could flip tomorrow. They are two separate buyer pools usually. You need to find an unbiased, experienced agent close to the area that can give you a factual analysis of the situation as it applied to you.

Good Luck

JD "Dan" Weisenburger, GRI
Broker-Associate
Vanguard Realty, GMAC Real Estate
Web Reference: http://www.neflahomes.com
0 votes Thank Flag Link Wed Mar 19, 2008
Ftp....

In my humble opinion the single family home would definately be a better buy. The Sundales are a little older and it's a condo. The Newark propertyis a single family home, close to the Dumbarton and it will always resale. Hope this helps and good luck.
Web Reference: http://pamwinterbauer.com
0 votes Thank Flag Link Wed Mar 19, 2008
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
sorry, the condo is priced at 425K
0 votes Thank Flag Link Wed Mar 19, 2008
FtP you didnt tell us the price of the condo!
0 votes Thank Flag Link Wed Mar 19, 2008
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