I have talked myself out of at least 6 deals in the past 18 months here in Colorado. Why? Because it was the right thing to do. In a declining market, which condos surely have been in much of Boulder County, it doesn't make sense to buy a condo...at least it doesn't make sense for lots of people.
If they aren't planning on staying for a least a few years, these days I would say 4 to 5 years or longer, they might easily find themselves needing to bring money to the closing table just to walk away from their condo. Does this sound terrible? It should and it is the reason that Colorado spent so many months as the foreclosure capitol of America. More Realtors should have spent more time talking people out of buying.
Bye for now...Jack
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