Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Value Gone Down

  I bought my condo when prices were high (2005). Now I think I paid too much. The condo association fee has gone up too. I paid $230,000 and now they are appraised for $180,000. What are my options? I like the location and the condo, but just think I am wasting money.
thank you
 
  If you have to move, sell and take a loss.  If you don't have to move, just sit tight and wait for things to change.  THey always do, sooner or later.
    Edith
Originally published on September 6, 2008
 
    Back to Summary