Partly due to the 18 sales that closed in 2010 (the same # as in 2009) which represent 7% of the total units in the building, when compared to the overall downtown condo marketplace The Carlyle has fared better than the rest.
Downtown The Carlyle
# of Sales 508 18
Distressed Sales as % of total sales 19.5% 11% (2)
The process of buying a home can be both exhilarating and unnerving for buyers. But with a proper understanding of the process and a clear sense of objectives, most buyers will find the experience very satisfying.
To minimize the anxiety or frustration of the process, consider these steps...
Get preapproved for a mortgage (assuming you will need to finance part of your purchase). Meet with a reputable mortgage loan officer to determine the size of mortgage for which you can qualify. In the process, you may determine that you want to obtain the maximum mortgage possible – or you may conclude that you prefer to keep your monthly payments at a lower level. This will help you focus on housing in the price range you can afford.