7 Great Reasons To Buy A Condo

7 great resons to buy a condo- is condo living right for you

Is Living in a Condo Right for You? Condominiums have come along way since the 80's.  While the concept of condos was new and approached with hesitation back then, condos are now a stable, viable source of housing in today's real estate market. There are many good reasons to buy a condo. Condominiums come in all shapes and sizes.  You can get a unit all on one floor, a townhouse with no one living below or above you, stand alone units, a condominium in an over 55 community, a luxury … Continue reading...

13 Killer Questions to Ask Before Buying A Condo

what questions should I ask when I buy a condo

Buying a condominium is a little different than a single family home.  Of course you have the actual unit you are considering purchasing.  But there are now other things to consider when purchasing a condo versus a single family home.  You have the governing of the condominium complex, common ownership, rules and regulations, the financial stability, who owns what, who repairs what..... the list goes on. Because you have shared ownership when buying a condominium, you have to … Continue reading...

Reasons Why Not To Buy A Condominium- Condo Living

Condominiums are certainly popular in the greater Boston real estate market.  And for some home buyers, buying a condominium can be a great choice. In last week's article I discussed some great reasons why a condominium may be a good choice for a home buyer.  But this week we will look at the other side of the coin of why you should not buy a condominium. Last week's article discussed that a condominium purchase is generally cheaper than buying a comparable single family home as … Continue reading...

Condominium Terms and Definitions You Must Know When Buying a Condo

Understanding condominium terms

Condominiums are becoming more and more popular for home buyers.  The cost is generally lower than a single family home and much of the maintenance is usually taken care of by the home owner's association.  Your condominium is a bigger part of a whole and their is a legal structure behind it as well that needs to be governed as people are brought together in ownership.   So when you buy a condominium there is a whole set of language that may be new to you.  The article … Continue reading...

Haverhill MA Condominium for Sale- 427 Farrwood Drive

Breakfast bar for 427 Farrwood Drive

427 Farrwood Drive, Haverhill MA 01835- MLS#  71920123 Price: $191,000 Living Area: 1645 Bedrooms: 2 Baths: 2 full   427 Farrwood Drive Haverhill MA 01835 is located in the Farrwood Greens Condominiums.  Farrwood Greens has always been a popular choice for many condominium buyers in Haverhill MA.  It is an affordable complex that offers a lot of space for the money, located of 125 on the North Andover/ Haverhill MA line.  It is just minutes to route … Continue reading...

Selling a Condo – The Extra Steps

Selling a condo is slightly different then selling a single family home.  Often times owners of condominiums forget that when selling their condo they are not only selling the condominium unit itself but they are also selling a percentage share of the condominium complex itself.   When a potential homeowner is considering purchasing your condominium they will want to understand the overall financial health of the condominium association, so they know what to expect financially in the … Continue reading...

Owner Occupancy Ratio for Condominium Puchase

A question just cam up on Trulia...  What does lower owner occupancy mean and why would a 20% requirement down be needed? What is owner occupancy ratio? The owner occupancy ratio is a term you see when purchasing a condominium. Most lenders require a homeowners questionnaire to be filled out asking many questions about the entire condominium project before lending on a condominium.  The owner occupancy ratio is the percentage of the units that are occupied by the owner versus the … Continue reading...