Dan Mengedoht

If the offer is accepted, then you get a ggod deal.. It is when the house appraises lower than your offer that it becomes a problem. Then you offered to much and the bank will have problems with the loan. Appraising higher is a good thing.

Best Regards, Dan - Mon May 12 2008, 17:32

If your offer is accepted, then you get a good deal. - Mon May 12 2008, 17:29

Elaine,
I've never heard the term before, but it made me think of a 'dockominium', or a boatslip for sale in a marina. Probably not the correct answer, so I am interested to read other answers to find out. Where did you come across the term?

Best Regards,
Dan Mengedoht - Sun May 4 2008, 07:48

What property? I'm sure someone will know and answer you if you identify the property with a specific address. - Wed Apr 30 2008, 17:06

Maxwell,

You should look in the neighborhood called Byrnes Down. All the homes are built in the 1940's, and range in size 900 sf to 2000 sf. Current actives are $199,000 to $475,000. It is the very first neighborhood after you cross the Ashley River Bridge into West of the Ashley. It is definately withing 15 minutes of the French Quarter.

Another neighborhood in the same area is Moreland (1950's, 1300-2100sf, $275,000 to $500,000). South Windemere is similar, but newer and a little more expensive than your state range of interest.

These areas are highly desirable due to the exceptional school district, and very close shopping, restaurants, and proximity to downtown.

If you would like me to assist you with some listings in these areas, do not hesitate to call me. My contact info is on my website.
Best Regards, Dan - Wed Apr 23 2008, 09:40