Back to Top

All Condo Developments Are Not Created Equal

The Flashing Red, Yellow or Green Lights are an illustrative tool used to preliminarily indicate developments that may have issues which impact the desirability to many buyers. These objective elements should be considered as to any impact on future efforts to quickly resell the property and may also negatively impact future appreciation of the property in comparison to other developments over the same periods of time.

Green = Run… Don’t Walk

For the most part these developments don’t have definitive issues like atypically high HOA fees, litigation, known defects, too many renters or other similar issues that could adversely impact long term appreciation. However, there can always be individual units within every development that could have issues related to views, floors in the building, parking or floor plan/configuration issues that would make that particular unit a “Flashing Red” unit
Note: There can always be individual units within every development that could have issues related to views, floors in the building, parking or floor plan/configuration issues that would make that particular unit a “Flashing Red” unit

Flashing Yellow = This One Is Complicated

For the most part these developments don’t have definitive issues like atypically high HOA fees, litigation, known defects, too many renters or other similar issues that could adversely impact long term appreciation.

However these developments are either too new and therefore are unproven and typically also carry some sort of “baggage” or they are in the process of rebounding from prior issues and again it’s too soon to predict to when these issues, that have historically limited this development, will be 100% resolved. Because of that it’s more difficult to predict to what degree resale capabilities, as well as the timelines to resell these condos, when compared to how the downtown market as a whole performs.

Note: There can always be individual units within every development that could have issues related to views, floors in the building, parking or floor plan/configuration issues that would make that particular unit a “Flashing Red” unit

Flashing Red = At The Right Price Every Property Makes Sense

For the most part these developments have definitive issues like atypically high HOA fees, ongoing litigation or a history of litigation, known construction defects, too many renters, too many condos owned by too few owners, an atypically low number of garage or outside parking spaces or other similar types of issues that might adversely impact long term appreciation, and future resale values as well as the timelines to resell the property when compared to how the downtown market as a whole performs.

Ask Mitch About The Value Of A Properties In An Area You Are Considering!

If you're like most home buyers, you want to pay the least amount of money for a property. And, what a property is worth in terms of Market Value, and what it's worth to you as the buyer, could be two very different amounts!

While only the Buyer can decide what it's worth to them, real estate professionals doing an Appraisal or a Market Analysis are sharing their personal opinions on the Market Value at that point in time.  Real estate Market Values though are not like a ten-dollar bill that is worth $10 regardless of if it’s crisp and brand new, or if it’s twenty years old, dirty and torn. Neither the condition of the bill in your hand as the buyer, the condition of other ten-dollar bills, nor the location of where you are holding that ten-dollar bill will change its value! If  the Market Value of real estate was also this precise and exact, just like the value of a ten-dollar bill, then there would frankly be no need for real estate agents!

Accurately evaluating the value of a house, townhouse, or condominium is a complex calculation that leverages years of experience and expertise like Mitch has, as one of the Top REALTOR's in the Greater Indy area! So let's start at the very beginning - with the RIGHT price! And the best way to find the RIGHT price is to ask Mitch.



1/3 Is About The Property Itself: The Location, Condition, Updates, Bed & Bath Count, Size, Age & All Features
1/3 Is About Similar Places For Sale A Buyer Could Also Buy, At The Same Time, In The Same & Similar Areas
1/3 Is About What Similar Properties, In The Same Or Similar Areas, Have Sold for In The Last 6-12 Months

Learn About 4 Common Ways To Determine The Value Of A Property - The Most Accurate (4 stars) To Least Accurate (1 star)



Headshot of Mitch

About Mitch

Mitch leverages his local expertise, combined with his meaningful business and life experiences, and decades of professional leadership and growth in the construction and technology industries to contribute to his success as one of Greater Indy's Top REALTORs.

Mitch is committed to helping change the lives of his clients as they start their next chapter, by making it easier, more enjoyable and more profitable for his clients that design, build, buy, and sell their home, condo, townhouse or investment property!

Connect With Mitch
Learn About Mitch

Get Up To Speed On Your Local Real Estate Market, On The Main Area & Community Pages, For The Greater Indianapolis Area

Select An Indianapolis (Marion County) Area Or Community
To See The Community's Or Area's Main Page And Activity

Select A Greater Indianapolis Northern Suburban Community
To See The Community's Or Area's Main Page And Activity

Select A Greater Indianapolis Eastern Suburban Community
To See The Community's Or Area's Main Page And Activity

Select A Greater Indianapolis Southern Suburban Community
To See The Community's Or Area's Main Page And Activity

Select A Greater Indianapolis Western Suburban Community
To See The Community's Or Area's Main Page And Activity

THE GREATER INDIANAPOLIS AREA

Click On The Map To Open In A New Window

Greater Indy Map

SOUTH



Real Buyers, Real Results, Real Reviews...

Protects You From Bad Decisions—Even If It Costs a Sale

What really sets him apart is that he was never afraid to tell us not to buy a house if he didn’t think it was the right fit… He helped us find the right location and builder and caught several mistakes the builder missed that would have resulted in improper flooring installation and HVAC issues…

  • “We felt confident and well-represented throughout the entire process.”
    [Read Full Review]

Sachin • CHATHAM HILLS • Westfield

Manages Complex Home Builds From Anywhere in the Country

Mitch worked tirelessly on our behalf while we were out of state… visiting the home frequently, taking photos, and identifying issues so the builder could fix them. He went beyond his duty to ensure everything was done correctly.

Shreya Shah • Carramore • Westfield

Finds Risks Most Buyers—and Even Inspectors—Miss

Mitch went out of his way to track down HOA information during an estate sale process. He made sure everything was properly understood before we moved forward because he warned us about potential long-term costs if it was mismanaged.

  • “Mitch went out of his way... to make sure everything was being run correctly” 
    [Read Full Review]

Ryan Wonser • Springmill Villas • Westfield

Wins for Clients in Highly Competitive Markets

Mitch was always available and fully engaged during a very competitive buying process. His guidance and responsiveness helped us move quickly and confidently in a hot market.

  • “He is always available, and really cares about putting in the time to achieve results”
    [Read Full Review]

KD • Chatham Arch • Downtown Indianapolis

A Smooth, Fully Supported Experience From Start to Finish

From initial search to closing, Mitch understood our goals, budget, and timeline. His communication, referrals, and attention to detail made the entire process smooth and stress-free.

  • “Mitch Rolsky excels in... all stages of offer, acceptance and closing.”
    [Read Full Review]

Matthew and Lea Dacy • Cardinal Pointe • Whitestown

 Mitch's Recent Sales
Read More Reviews



USE THESE RESOURCES & TOOLS TO HELP YOU MAKE THE RIGHT MOVE IN THE GREATER INDY AREA 

Most Agents Tell Clients What They Want To Hear... Mitch Shares What You Need To Know! 

Market Knowledge... The Power & Confidence To Act
What's It WORTH... Don’t give it away, or overpay