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Posted by Ada Cimpeanu on 8/18/2019

After you complete a condo inspection, you'll need to make a major decision: Should you move forward with your condo purchase or rescind your offer?

Ultimately, there are several important questions to assess before you finalize your decision on a condo, including:

1. What was discovered during the property inspection?

Study the results of a condo inspection closely. By doing so, you'll be able to learn about a condo's strengths and weaknesses and plan accordingly.

A property inspector will evaluate a condo both inside and out. He or she also will provide honest, unbiased feedback, enabling you to make an informed decision about how to proceed with a condo.

Take into account major and minor condo problems that a property inspector discovers. And if this inspector finds minor flaws associated with a condo, you may want to stay the course and move forward with your initial proposal.

On the other hand, if a property inspector finds significant problems with a condo, i.e. issues that may prove to be costly and time-consuming, you may want to consider rescinding your offer. Or, in this case, you can always ask the condo owner to complete property repairs before you finalize a condo purchase.

2. How much will it cost to perform assorted condo repairs?

The costs associated with condo repairs will vary. However, if you allocate the time and resources to learn about condo problems and the costs associated to fix these issues, you may be able to avoid expensive, time-intensive mistakes.

For example, consider what might happen if a property inspector discovers a defective kitchen light switch in a condo. Although this light switch is a problem, the time and costs needed to repair or replace the faulty light switch likely are minimal. As such, a condo buyer may choose to ignore this problem, or a condo owner may be willing to complete the fix quickly.

Conversely, consider what could happen if a property inspector finds that a condo's furnace is defective. It may cost thousands of dollars to fix or replace a faulty furnace. As a result, a condo buyer may ask the property seller to repair or replace the defective furnace. And if the condo owner fails to do so, a buyer may choose to walk away from the condo purchase altogether.

3. Can I enjoy this condo both now and in the future?

It is essential to consider both the short- and long-term ramifications of a condo purchase. That way, a condo buyer can determine whether a property can serve him or her well for years to come.

A property inspection offers valuable information that a buyer can use to assess the pros and cons of purchasing a condo. Furthermore, a condo buyer who works with an experienced real estate agent can get the support needed to make the best decision possible.

Consider the aforementioned questions as you evaluate your options following a condo inspection, and you should have no trouble deciding whether a particular condo is right for you.




Tags: Condo   Buying a home   buyer tips  
Categories: Buying a Home   condo   buying tips  


Posted by Ada Cimpeanu on 12/30/2018

Believe it or not, buying a condo can be a quick, easy process, particularly for those who understand their homebuying needs.

Ultimately, there are several factors to consider before you purchase a condo, including:

1. Your Budget

How much can you afford to spend on a condo? You should evaluate your homebuying budget closely to ensure you can cover all of the costs associated with condo living.

Getting pre-approved for a mortgage usually is ideal. With a mortgage in hand, you can browse a wide range of condos and find one that matches your budget perfectly.

Furthermore, don't forget to account for homeowners' association (HOA) fees before you buy a condo. HOA fees will vary depending on the condo community, and you should learn about them in advance so you can budget accordingly.

2. Property Size and Location

How much space do you need to accommodate your family? Consider the short- and long-term ramifications of a condo purchase, and you should have no trouble finding a condo that is the right size for you.

If you're uncertain about how big of a condo that you'll need, don't hesitate to consult with a real estate agent. This housing market expert will learn about your homebuying needs and help you narrow your search for the ideal condo.

Also, be sure to consider the location of a condo. If you want to find a place to live near school or work, you should search for condos that will help you cut down on your commute time.

3. Condo Rules and Regulations

Condo living is different from living in a traditional house. In a condo community, you'll have your own property, but there may be numerous condo rules and regulations in place that you'll need to follow at all times.

For example, many condo owners cannot modify a property's exterior without first getting approval from an HOA board. This means if you want to paint your condo bright pink or upgrade the property's windows, you'll need to ask the HOA board for permission.

Examine a condo community's rules and regulations prior to purchasing a condo. This will enable you to review the HOA board's mandates and determine whether you would feel comfortable following these rules and regulations.

When it comes to finding a condo, there is no need to look for a property on your own. Conversely, if you work with a real estate agent, you can take the guesswork out of searching for a top-notch condo.

Finding a real estate agent with condo experience is essential. This real estate professional will set up condo showings, keep you informed about new condos as they become available and negotiate with property sellers on your behalf. That way, this real estate agent will make it easy for you to acquire a first-rate condo at a budget-friendly price.

Kick off your search for the perfect condo today, and you can move closer to securing a condo that will serve you well for an extended period of time.




Tags: Condo   Buying a home   buyer tips  
Categories: Buying a Home   condo   buying tips  


Posted by Ada Cimpeanu on 8/1/2018

This Condo in Worcester, MA recently sold for $199,000. This Mid-Rise,Loft style home was sold by Ada Cimpeanu - RE/MAX Prof Associates.


48 Water St, Worcester, MA 01604

Condo

$199,000
Price
$199,000
Sale Price

4
Rooms
1
Beds
1
Baths
Welcome to the beautifully restored Canal Lofts located in Worcester's increasingly popular Canal District. Once home to the W.H. Hill Envelope Company, the Canal Lofts are now ready to be home to you! 1 and 2 bedroom lofts are available featuring beautiful exposed brick, wide-plank flooring, soaring ceilings and luxurious kitchens & baths. The building has secure entry, elevator service, a community room and fitness center. Just outside your door the best of Worcester is waiting to be enjoyed! And, did we mention you're under a minute from the highway and just a short walk to the trains at Union Station! We can go on and on about these unique lofts and the quality of life that come with them, but we'd prefer to show you around. Contact us today to schedule a private tour. *Photos depict a model unit*

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Tags: Real Estate   Condo   Worcester   01604  
Categories: Sold Homes  


Posted by Ada Cimpeanu on 7/15/2018

For those who plan to list a condo, it helps to prepare as much as possible. By doing so, you can limit the risk of potential condo selling hurdles, as well as find ways to optimize the value of your property.

Ultimately, there are many factors to consider prior to listing a condo, and these include:

1. Your Condo's Condition

No two condos are exactly alike. As such, it may be beneficial to upgrade your condo before you list it. Because if you perform assorted property upgrades, you may be able to differentiate your property from the competition.

Performing a condo inspection often proves to be a good idea, particularly for a condo seller who is uncertain about the current condition of his or her property. During an inspection, a property expert will examine your condo and identify any structural problems. Then, you can use the inspection results to establish condo improvement priorities.

2. Your Price

What your condo was worth when you initially bought it is unlikely to match what your property is worth today. Fortunately, if you conduct a condo appraisal, you can find out the present value of your condo and price your property accordingly.

After you perform a condo appraisal, you'll receive an appraisal report that includes a property valuation. Next, you can establish a competitive price for your condo, one that increases the likelihood that your property will stir up lots of interest from dozens of potential buyers.

Of course, it helps to consider your condo fees when you set the price for your property too. Include details about any homeowner's association fees when you list your condo. That way, you can help condo buyers make an informed decision about whether your property is the right choice.

3. Your Timeline

You know that you want to sell your condo, but how quickly are you looking to vacate your property? With a timeline in place, you may be better equipped than ever before to enjoy a fast, seamless condo selling experience.

If you want to sell your condo without delay, you may want to set an aggressive initial asking price. On the other hand, if you can afford to be patient, you may want to wait until you receive a competitive offer before you finalize a condo sale.

When it comes to selling a condo on a timeline, it helps to hire a real estate agent as well. In fact, employing a real estate agent who possesses condo selling experience can make a world of difference for any condo seller, at any time.

A real estate agent who understands the ins and outs of selling a condo can help you get your property ready for the real estate market. Furthermore, this real estate agent will make it easy to establish a competitive initial asking price for your condo and ensure that you can sell your property on a timeline.

Want to list your condo? Consider the aforementioned factors, and you can prepare to add your condo to the real estate market.




Tags: Condo   Tips on selling  
Categories: condo   tips on selling  


Posted by Ada Cimpeanu on 2/18/2018

This Condo in Fitchburg, MA recently sold for $279,950. This Half-Duplex style home was sold by Ada Cimpeanu - RE/MAX Prof Associates.


56 Green Briar Rd, Fitchburg, MA 01420

Fitchburg

Condo

$279,950
Price
$279,950
Sale Price

7
Rooms
2
Beds
2/1
Full/Half Baths
Prepare to be amazed! One of the most spacious units at Oak Ridge Estates, this immaculate 2-bedroom, 2.5-bathroom condo offers an incredible open concept. First floor features a modern kitchen, an inviting dining/living area with a gas fireplace, a beautiful custom-built mantel and cathedral ceiling followed by an equally impressive master suite with vaulted ceiling, full bath with jacuzzi, large shower, double sinks and laundry area. Second floor welcomes you with a large loft/family room balcony style, a second bedroom with full bath and an office/study/music room. Large windows and gleaming hardwood floors bring plenty of natural light and warmth. With a low assoc. fee of $244 the condo offers an elegant farmers porch, a large screened deck in the back, a spacious and landscaped backyard with raised garden beds and beautiful perennials. Minutes from MBTA and major routes. Be ready to experience condo living with a feel of a single family concept. Welcome home!






Tags: Real Estate   Condo   Fitchburg   01420  
Categories: Sold Homes