San Luis Obsipo Condos for First Time Home Owners

Condos in San Luis Obispo are always for sale, but according to local Real Estate Sales the condo market is at it's hottest between the months of January till the end of May. In fact, roughly 90% of all condos go into escrow during this time frame.

So if your thinking of buying a condo in the near future know that your largest inventory and best time to buy is just around the corner. Interest rates are still low and first time home buyer programs make Condos a great investment for the future with very little down. FHA programs only need 3% down making it very affordable either as a personal residence or as an investment property.

I bought a three bedroom Condo while I was going to Cal Poly SLO in 1998, I rented the other 2 rooms out and my mortgage was almost paid for from the rent of my two housemates. Today the home is an income property and still has Cal Poly renters, it pays for itself and then some.

If you're a first time home buyer and have questions about how much down payment you would need for a Condo or Home, I'm here to be your resource. Condos are not complicated or tricky. They give you the flexibility of being a home owner with less maintenance to worry about like yard work, maintaining the exterior paint and roof; typically paid with your home owners fees.

Let's talk about if it is the right fit for you; traci@tracifergsuon.com
Give me a call or email me today to learn more!

Click here for San Luis Obispo Condos currently on the market
If you're looking for a condo in San Luis Obispo County email or call me today!
805-235-6396

Are you on the Home Buying Grid?

Did you know you could afford your own home?
I know what you are thinking, NO WAY! I don't make enough money!

As a Real Estate resource to my clients and friends,  I have put together a scenario that will illustrate how I believe you too can live the American dream and be a home owner.

To buy a $200,000 home you would need to make $55K annually for a 32% housing ratio. The housing ratio is the percentage you spend on your housing costs. $55K annual income can be between a couple making $13.25 an hour each, or $26.50 an hour for a single person.
I just did a search for Homes/Condos/PUD properties under $200,000 in SLO County and came up with 88 of them. Get yourself and your family started on one of the best investments around, a home purchase. Ask me about the great programs that can help you get into your own home with as little as 3% down in some cases.

This moment in our economy is a turning point in housing for all of us. In front of us is an opportunity to live the American Dream and be a part of the best investment that you can possibly make, long term. The decline in Interest Rates and Housing prices have opened the door to a new group of working class people that CAN afford to buy their first home.

Call me to see how I can be your guide: Traci 805-235-6396