Marilyn Ellis, CBR, CHMS, LMS, HAFA
RE/MAX Leading Edge | 781-944-6060 | marilynellis@remax.net


Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 11/23/2017

Although your condo has served you well for many years, now may be a great time to look to move out of your condo and into a new home.

Ultimately, there are many reasons why you might want to sell your condo, including:

1. Your condo is too small.

Your condo was large and spacious when you initially moved into it a few years ago. However, as you have accumulated items and your family has grown, your condo now lacks the space you need.

If you find that your condo is too small for your family, there's no need to worry. In many instances, a condo offers a great starter home, and it is common for people to look to upgrade from a condo to a house.

Lucky for you, interest in condos is rampant across the United States. This means you should have no trouble stirring up interest in your condo if you ever decide to sell it.

2. You want to capitalize on a seller's market.

The housing market fluctuates constantly. As such, when a seller's market arrives, it may prove to be the best possible time to maximize the value of your condo.

In a seller's market, there is a shortage of quality properties available and an abundance of homebuyers who are searching for their dream residences. Meanwhile, if you own a top-notch condo, you may be able to add it to the real estate market and receive a hefty sum for your property.

To learn more about how a seller's market works, consult with a real estate agent. This real estate professional will be able to educate you about the ins and outs of a seller's market. And if you decide to list your condo, your real estate agent will be able to help you price it competitively from the get-go.

3. You want greater flexibility to complete home improvement projects.

Let's face it – your homeowners association (HOA) does an excellent job to maintain your home's exterior, but it would be great to have the flexibility to complete a home exterior project without the HOA's approval.

Condo living involves trade-offs. Typically, condo owners will pay HOA fees that guarantee walkways are shoveled in winter, lawns are cut in spring and summer and other day-to-day home maintenance tasks are performed regularly. On the other hand, if you want to repaint your home's exterior, you'll likely need the HOA's approval to do so. And if you decide to add a fresh coat of paint to your home's exterior on your own, you will probably receive HOA fines and penalties.

As a homeowner, you'll never have to worry about asking an HOA's permission to update your house's exterior. Instead, you can paint your home any color you'd like, plant a garden in your front yard, install a swimming pool in your backyard and much more any time you choose.

Ready to add your condo to the real estate market? Employ a real estate agent, and you can boost your chances of optimizing the value of your condo.




Tags: Condo   condo fees   condo rules  
Categories: Uncategorized  


Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 11/17/2017

This Condo in Lawrence, MA recently sold for $220,000. This Townhouse,Half-Duplex style home was sold by Marilyn Ellis, CBR, CHMS, LMS, HAFA - RE/MAX Leading Edge.


31 Stevens Avenue, Lawrence, MA 01843

South Lawrence

Condo

$198,885
Price
$220,000
Sale Price

4
Rooms
2
Beds
1/1
Full/Half Baths
Townhouse style living at its best! This condo is tailored for a "down sizer" or first time home buyer desiring a well maintained and updated property. The home features maintenance free vinyl siding and a shed along with a paved driveway for ample parking. Spend wonderful afternoons or evenings on the rear patio with just enough privacy. The kitchen and dining area has touches of color, lots of granite countertops and a wall of cabinets making it easy to host family gatherings. The large living room with hardwood floors will accommodate many furniture configurations. The size of the master bedroom showcases a four-poster bed, chaise lounge and spacious double closets as pictured making the room feel fresh and modern. The guest bedroom easily accommodates visitors or used as an office or even a nursery. The nicely finished basement as shown offers a real bonus to enjoy even more space as a great get-away, family or media room.

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Tags: Real estate   Condo   Lawrence   01843  
Categories: Sold Homes  


Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 10/19/2017

Looking to purchase your first home? Not sure if you want to purchase a single-family home or a condo? What you purchase will be determinant on your thoughts about the below information. Take a look at the various differences between single-family homes and condos and decide the pros and cons for yourself. Location: Based on your price range, you will typically be able to purchase a condo in a location where you would otherwise not be able to purchase a home. But in return, you are often getting less square footage, closer by neighbors, and smaller outdoor living space. If you sacrifice a downtown city location for a location right outside of the city, you will get more for your money. Do you want to be able to walk to restaurants, shops and maybe work or is a home with free parking a more attractive option to you? It all depends on what is most important to you. Privacy: There will be less privacy when owning a condo versus a home, as neighbors are much closer. Condos typically share a wall with one another, some on just one side and some on both sides. This is an important detail to take into consideration when deciding between a condo and single-family home. Additional Costs: HOA fees or homeowner association fees are monthly fees that condo owners must pay. The fees cover things such as utilities, reserve and contingency funds, amenities, maintenance and repairs, which includes lawn care, snow removal, trash removal, exterior upkeep, etc. These costs vary depending on the condo amenities and policies. However, it’s important to be aware that there is the possibility that these fees increase if there is not enough in the reserve to cover unforeseen costs. When owning a home, there are no HOA fees. This means that a homeowner needs to be cognizant of the additional costs of owning a home. Will you purchase a lawnmower and snow blower or hire a service? Will you have the additional funds to pay for unforeseen expenses? These are important questions to consider. Restrictions: Owning a condo has some limitations as there will be restrictions that would not exist when owning your own home (unless you purchase a historical home). There are often restrictions dealing with the exterior of your home, parking restrictions as well as having certain barbecues on decks. Condos are an attractive choice for those looking for a low maintenance lifestyle. And owning and maintaining a home will take more work on the homeowner’s part. It’s important to figure out exactly what you want out of a home before you decide on one or the other, but knowing the difference between a single-family home and a condo is a first step.





Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 9/14/2017


31 Stevens Avenue, Lawrence, MA 01843

South Lawrence

Condo

$198,885
Price

4
Rooms
2
Beds
1/1
Full/Half Baths
Townhouse style living at its best! This condo is tailored for a "down sizer" or first time home buyer desiring a well maintained and updated property. The home features maintenance free vinyl siding and a shed along with a paved driveway for ample parking. Spend wonderful afternoons or evenings on the rear patio with just enough privacy. The kitchen and dining area has touches of color, lots of granite countertops and a wall of cabinets making it easy to host family gatherings. The large living room with hardwood floors will accommodate many furniture configurations. The size of the master bedroom showcases a four-poster bed, chaise lounge and spacious double closets as pictured making the room feel fresh and modern. The guest bedroom easily accommodates visitors or used as an office or even a nursery. The nicely finished basement as shown offers a real bonus to enjoy even more space as a great get-away, family or media room.
Open House
Saturday
September 16 at 1:00 PM to 2:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 31 Stevens Avenue, Lawrence, MA 01843    Get Directions

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Tags: Real estate   open house   Condo   Lawrence   01843  
Categories: Open House  


Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 9/14/2017


31 Stevens Avenue, Lawrence, MA 01843

South Lawrence

Condo

$198,885
Price

4
Rooms
2
Beds
1/1
Full/Half Baths
Townhouse style living at its best! This condo is tailored for a "down sizer" or first time home buyer desiring a well maintained and updated property. The home features maintenance free vinyl siding and a shed along with a paved driveway for ample parking. Spend wonderful afternoons or evenings on the rear patio with just enough privacy. The kitchen and dining area has touches of color, lots of granite countertops and a wall of cabinets making it easy to host family gatherings. The large living room with hardwood floors will accommodate many furniture configurations. The size of the master bedroom showcases a four-poster bed, chaise lounge and spacious double closets as pictured making the room feel fresh and modern. The guest bedroom easily accommodates visitors or used as an office or even a nursery. The nicely finished basement as shown offers a real bonus to enjoy even more space as a great get-away, family or media room.
Open House
Saturday
September 16 at 1:00 PM to 2:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 31 Stevens Avenue, Lawrence, MA 01843    Get Directions

Similar Properties





Tags: Real estate   open house   Condo   Lawrence   01843  
Categories: Open House