Hi Bingo,
I currently have a listing in Timber Oaks condo complex and am very familiar with it. Selling a condo in Timber Oaks or any other complex in today's market is no different. Everything has to do with the price and condition of the property. The one thing to note in Timber Oaks is that the builder is still building so, you are competing with builder. If you want to resell you have to be competetive with the new construction prices. In many cases if you have upgraded your unit you might not recoup all the money you spent for upgrading because buyers can upgrade with their own choices with new construction. Your property has to be very aggressively priced to attract buyer to purchase your unit instead of a new construction unit.
As far as starting offer, I would expect it to be around $380-385k. A buyer would likely want to purchase it a little under $400k. You would like to further discuss, please call me (203) 512-8722 or email me at asma.husain@cbmoves.com. - Thu Apr 30 2009, 21:05