Tuesday, February 19, 2008

College Hill Condos Coming

Al. Neyer is set to start selling condos for its $10 million condo development at the corner of Hamilton and North Bend Road, the Enquirer reports. Once the company sells nine, it will commence ground-breaking. This is a great news for the intersection, the development of which has long been a central focus for the College Hill community.

I'm fascinated by the people who buy condos site-unseen. It's a fairly common practice, as most of the new condo developments in the area are 80 to 100 percent sold out by the time they're completed. If you're one of these eager-beaver buyers, weren't you nervous about buying something you haven't seen yet? Do these people typically buy for an investment opportunity with an eye towards flipping the condo in a few years, or are the early buyers long-term residents?

I'd love to buy a condo at a new development in either downtown or OTR, but I can't get past my need to walk through a place before I plunk down a chunk of change.

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