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” unitNote: 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