Are Too Many Units For Sale A Warning Sign?
Posted on Jul 08, 2024 in Real Estate Tips
When considering buying a condo, the number of units for sale in a building can be a critical factor in assessing the health and desirability of the property. Here’s a breakdown of the key factors to consider:
- Vacancy Rate and Turnover: My rule of thumb is a 7 to 8 percent turnover rate. If more than 7 to 8 percent of the units in a building are for...