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Craving a condo? Follow these buying dos and don’ts

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Craving a condo? Follow these buying dos and don’ts

If buying a condo is on your 2017 bucket list, be savvy.

“The condo market has historically been more volatile than the market for detached single-family homes. That’s why it’s important to think about your time horizon when buying a condo,” said Aaron Terrazas, a senior economist for Zillow, which tracks real estate markets throughout the country.

Many homebuyers are drawn to condo ownership by the simplicity and convenience of living in a building where most upkeep is handled by a maintenance staff. But real estate experts urge condo buyers to carefully select a unit with strong resale value, especially if they don’t plan to hold the condo for long, or their living situation necessitates a need for more space or a major relocation in the near future.

Before making a purchase, consider these pointers: