Rule of Thumb

SELLING CONDOMINIUMS

To sell, condominiums should be priced at least 25 percent lower than the starting price of houses in the area. ...

To sell, condominiums should be priced at least 25 percent lower than the starting price of houses in the area. For best success, they should be priced 50 percent below nearby houses. People who buy a $100,000 condo want to live in a $200,000 neighborhood. — Vince Mooney, real estate broker, Tulsa, Oklahoma

10/9/17