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...

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 were new and approached with hesitation back then, condos are now a stable, viable source of housing in today's real estate market. 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 condo, condos that cater to weekend get … 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 percentage … Continue reading...

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Kevin Vitali

KEVIN VITALI


978-360-0422
kevin@kevinvitali.com
EXIT Group One Real Estate
1501 Main St #19
Tewksbury MA 01876
office phone: 978-851-3600

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Massachusetts Real Estate

 

Real Estate Services in the following areas: Northeast Massachusetts, Merrimack Valley, North Shore and Metrowest including the following communities and the surrounding area: