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Old 09-10-2007, 07:41 AM
 
20,759 posts, read 41,195,771 times
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anyone familiar with the resale/condo/home market in Venice, FL

my daugher and her husband live in small one bed/one bath condo he bought in an older unit in venice before they married ---he bought about 5 years ago when market was strong and prior owners had done some updating--now they want to sell/move to home w.yard and start family....

has anyone seen any movement in the market lately---what has been reaction in FL w/ mortgage money due to problems with stock market and foreclosures. My husband and I are afraid that they are going to lose money on this (maybe not even be able to seel it for years) and with the mortgage money getting so tight, they probably can't even turn it into a rental, use this as equity, and use it to help buy a home...
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Old 09-10-2007, 12:12 PM
 
Location: downtown Sarasota
4,545 posts, read 11,498,502 times
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Quote:
Originally Posted by loves2read View Post
anyone familiar with the resale/condo/home market in Venice, FL

my daugher and her husband live in small one bed/one bath condo he bought in an older unit in venice before they married ---he bought about 5 years ago when market was strong and prior owners had done some updating--now they want to sell/move to home w.yard and start family....

has anyone seen any movement in the market lately---what has been reaction in FL w/ mortgage money due to problems with stock market and foreclosures. My husband and I are afraid that they are going to lose money on this (maybe not even be able to seel it for years) and with the mortgage money getting so tight, they probably can't even turn it into a rental, use this as equity, and use it to help buy a home...
It's all about location now. There is not a lot of movement and prices are down.
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