Lots of homebuyers choose single-family homes over condominiums because when you live in a condo, you have to pay a monthly fee to cover your share of the project's upkeep. Often, it's a pretty hefty number. Some buyers don't like that.
One could argue $600 per month, which in this area is pretty common, covers the equivalent of about $100,000 in mortgage payments. So choosing a house will enable you to obtain a larger mortgage for the same monthly cost. So you might be talking $800,000 house vs. $700,000 condo.
But wait! A huge chunk of the fee covers something called "reserves".
Continue reading "Some Thoughts About Condo Fees" »
A couple of weeks ago, I woke up at 2:30 am to the persistent barking of my adorable Labradoodle puppy, Willie. He's been with me for several months now, and I've learned that he does not bark his little head off in the middle of the night without a good excuse.
As I pulled on my robe and headed downstairs, I heard what sounded like the shower. On the way down, I peeked into the bathroom. When I saw no water coming from the showerhead, I realized that Good Dog Willie was alerting me to something serious. And thanks to my dog alarm, I was able to get the water turned off and mitigate the damage.
Continue reading "The Joys of Home Ownership" »
Yesterday, I found an email alerting me to comments that Nathan Carnes, who was my manager at WC & AN Miller before I left a few months ago, filed comments on one of my postings. (See "Oh No! Not Again" in the archives.)
In his comments, he said how great it was to be part of the company that had the #1 market share, and that was also #1 in number of agents and #1 in number of offices up and down the east coast and who knows where else. So did reading his comments make me sad about my choice to go to Evers & Company?
Well, no!
Continue reading "The Good Move" »
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