Condos are recommended for new professionals or couples wanting a small living space. However, condos have extra costs like homeowner fees for maintenance and structure upkeep. Parking spaces may not be immediately available, and appliances or furniture still need to be purchased. Researching common prices of properties can help with negotiations, and ensuring the appraisal value matches or is close to the listing price is important before making reasonable offers below 90% of the price. Incentives like upgrades may be offered instead of lower prices, and counteroffers should continue until an agreed upon price is reached.