Tony Nakhle
RE/MAX Landmark, Realtors | 781-589-5622 | tnakhle@landmarkweb.com


Posted by Tony Nakhle on 7/14/2019

Are you thinking about buying a townhouse or condominium? There are some notable differences between a townhouse and a condo that you must know before choosing. Understanding them will enable you to decide on the one to go for, whether a condominium or a townhouse. 

Townhouse 

A townhouse is a tenant-owned conjoined unit. They are structured architecturally like row houses where owners share one or more walls. 

Condominium 

A condominium is also known as a condo. It is a building or collection of buildings in which individuals own different units instead of a landlord. 

Having defined a condominium and a townhouse, let’s take a look at some factors you need to take into consideration when selecting one between the two. Here are the differences between a condo and a townhouse. 

Ownership

When it comes to ownership, condo owners own the unit’s interior only. All other areas of the building belong to the Homeowners Association (HOA). On the other hand, most townhouse owners own both the interior and the exteriors of their units. The exterior includes the lawn and driveway. 

Architecture 

Architecturally, condominiums are versatile. They come in diverse styles. Condo may be part of a cul-de-sac of cottages or part of a high-rise. Townhomes exist in rows; therefore, tenants usually share at least a wall. Townhouses can have two or more stories. 

Community

Condominiums have a focus on communal living facilities like a pool, golf course, clubhouse, and other similar amenities. Some townhouses feature the same kind of amenities as condominiums while others do not. 

Size

Condos come in diverse sizes and styles, and they are generally smaller when compared with townhouses. Townhouses are usually much more substantial than condos.

Maintenance Fees 

Condo owners pay a maintenance fee that is higher than of townhouses. The charges go towards repairing the exterior and community space. Townhouse owners pay an owner maintenance fee monthly. 

Privacy

Condominium could be an apartment-style unit or individual private homes depending on the styles while townhomes share at least one wall with adjacent units. Townhouse does not have units below or above them. 

Home Insurance 

Rates For condominium owners, home insurance rates are lower owners insured the interior of their units only. Insurance rates may be higher in townhouses because the insurance must cover both the interior and exterior of the units.

Choosing which is right for you between a condo and townhouse depends on your family, budget and long-term plans. Contact your realtor today to discuss what option suits you best and how to prepare for it.




Tags: Real Estate   Condo   townhouse  
Categories: Uncategorized  


Posted by Tony Nakhle on 7/7/2019

Let's face it – reviewing an offer to purchase can be difficult. And if a home seller feels unsure about a homebuying proposal, this individual may want to consider rejecting the offer to purchase.

Ultimately, there are many reasons why a home seller may decline an offer to purchase, and these include:

1. An offer to purchase fails to meet a home seller's expectations.

If a home seller receives a "lowball" offer to purchase, he or she may submit an instant rejection. In fact, this seller likely will have no regrets about declining the offer to purchase and continuing to wait for a homebuying proposal that matches his or her expectations.

As a home seller, it is vital to establish realistic property selling expectations before you list your residence. If you set a competitive initial asking price for your home, you may reduce the likelihood of getting lowball homebuying proposals. And as a result, you may be better equipped than ever before to speed up the home selling journey.

2. A home seller has multiple offers to purchase at his or her disposal.

If a home seller receives multiple offers to purchase his or her home, this individual likely has a tough decision to make. Fortunately, a seller can review his or her options and make an informed decision.

When a home seller receives several offers to purchase his or her residence, there is no need to rush to reject or accept a proposal. Instead, a seller should evaluate each homebuying proposal closely and use all of the information at his or her disposal to determine the best course of action.

3. A home seller can afford to wait.

If a home seller lists his or her residence in a buyer's market, the demand for houses may be limited. Conversely, if a seller lists a home in a seller's market, this individual may receive many offers to purchase as soon as his or her residence becomes available.

Sometimes, a home seller who can afford to be patient may choose to reject an offer to purchase in a buyer's market, even if the proposal is competitive. Because if the seller waits for the real estate market to improve, this individual may be able to optimize the value of his or her residence at a later time.

For home sellers who are committed to getting the best price for a home, it generally is a good idea to employ a real estate agent. This housing market professional will help a seller establish a competitive initial asking price for his or her residence. Plus, a real estate agent will set up open house events and home showings to promote this house to potential buyers. And if a seller receives an offer to purchase, a real estate agent can recommend whether the seller should reject, accept or counter the proposal.

Want to list your house and streamline the property selling journey? Hire a real estate agent, and you can work with a home selling expert to evaluate any offers to purchase your residence.





Posted by Tony Nakhle on 6/30/2019

After you receive an offer to buy your house, you likely will have only a short period of time to determine whether to accept this proposal. As such, pressure can add up quickly, which often can make it tough to make the best-possible decision.

Fortunately, we're here to help you analyze your options and determine how to proceed with a homebuying proposal.

Let's take a look at three steps that every home seller should take after receiving a homebuying offer.

1. Weigh the Pros and Cons

Make a pros and cons list to examine a homebuying proposal – you'll be glad you did. With this list, you can assess the advantages and disadvantages of accepting a homebuying offer and proceed accordingly.

If you accept an offer, you can move forward in the home selling process. On the other hand, if you don't feel that an offer matches your expectations, there may be no reason to accept this proposal.

2. Evaluate Your Home Selling Goals

Consider your home selling goals as you evaluate an offer to buy your house. By doing so, you can determine whether an offer falls in line with your goals.

For example, if your goal is to sell your house as quickly as possible, the amount of the offer may not matter. In this scenario, you may want to accept a homebuying proposal to accelerate the home selling process.

Comparatively, if your goal is to maximize your profits, you will need to determine if a current offer is the best proposal that you could receive. If the answer is "Yes," then you may want to proceed with a home sale. Or, if the answer is "No," you may want to reject or counter a buyer's proposal.

3. Consult with a Real Estate Agent

Let's face it – evaluating a homebuying proposal can be difficult, particularly for a first-time home seller. If you consult with a real estate agent, however, you can get the help you need to make an informed decision about an offer.

A real estate agent can offer lots of housing market data to help you understand the current value of your house. Plus, this housing market professional can provide recommendations about whether to accept, reject or counter a homebuying proposal.

Perhaps best of all, a real estate agent will serve as a guide throughout the home selling journey. He or she can keep you up to date about any offers on your house, perform deep analysis of all homebuying proposals and ensure you can determine the best course of action on any offer, at any time.

Let's not forget about the housing market expertise that a real estate agent possesses, either. A real estate agent understands there is no such thing as a "bad" question. Thus, a real estate agent will respond to any home selling queries that you may have.

Take the guesswork out of assessing a homebuying proposal – use the aforementioned steps, and you can determine whether to accept an offer on your house.




Categories: Uncategorized  


Posted by Tony Nakhle on 6/23/2019

When you're looking to buy a house, one of the most important steps is making an offer to the seller. Because sellers receive a lot of purchase requests for their property, it is sometimes useful to write a personal letter to accompany your official paperwork. Your message to the seller will explain why you want to buy the home and how you intend to pay for the house including the mortgage details and anticipated closing date. Writing a personal letter won't cost you a penny; it only requires your time and thoughtfulness. Read on for some useful tips on how to write a convincing personal note that will make a difference in your home purchase offer:

- You can type your message as long as you sign it by yourself. It will make it look professional and clean. If you have beautiful, legible handwriting, you can also write the letter.

- Ensure you check your grammar and spellings. A good letter must be correct in its expressions to give the seller the best impression about you. Proper spelling also ensures that you don't upset any seller who may have a dislike for wrong spellings.

- Make sure the length of your letter does not exceed one page. Writing more than a page could be ineffective as it becomes less compelling.

- Address the letter to the seller by the first name. Doing so will allow the seller to connect with your note immediately. It also personalizes the message and lets the seller know that it is not a copy-paste job sent to many people.

- Share something about yourself. Talk about yourself so that the seller can relate to you and your plans. You can mention your family, reasons for buying the home, where you are moving from and other facts. Do not talk about remodeling plans.

- Relay to the owner that you are keen to move forward immediately while respecting their privacy and timeline.

- Restate to the seller that your interest in their home is definite and for the long-term. Giving the seller such assurance will create a sense of security as well as giving him/her the confidence to choose you.

- Mention two or more features that you appreciate about the house and tell the owner why they are important to you. This helps the seller to see why you want the house.

- End your letter by thanking the seller for their interest and wish them good luck with their next plan. Give your message to your real estate agent to attach it to your offer.

Make sure you have your real estate agent read over your letter before sending it to the seller to ensure the best results.




Categories: Uncategorized  


Posted by Tony Nakhle on 6/16/2019

Have you ever discovered you needed a piece of furniture that you can't readily find or your space requirements leave you with limited choices? Options still exist, and they can be a perfect match not only for your space but for your style as well.

First, identify what you need

Measure the available spot and height. Then, have in mind the type of furniture that you need there. A multi-purpose function is critical if space is an issue. For example, find a small chest of drawers to stand that TV on so that there is extra storage underneath. Knowing what you need is essential since with a couple of strategic steps you could create it, but only if you first determine what the result should be. 

Then, figure out from where the furniture will come 

Some great places to find pieces are thrift stores and garage sales. The furniture will not look the same when you finish, so view it with your creative mind's eye. When shopping for your furniture, it does not have to meet the exact dimensions if you can make adjustments once you bring it home. For example, if you need an end/bedside table for a daybed, but it is hard to find one tall enough, find something that you can work with and change the legs to give it the correct height. 

Next, bring it home

It doesn’t quite work yet. It still needs adjustments and probably is not the correct style. Having it already home gives you the ability to see how it fits into the room. Once you have it in its space, you can check that it is suitable, decide the exact corrections that you need to make, and figure out which color selection you will settle on. Take lighting and other colors of the room into consideration. Determine if this piece will match existing colors or be a splash-of-color accent piece.Here is where style becomes a reality.

Finish it up

You can now create the vision that you identified before shopping. One of the simplest ways to change the look of something is with paint. Depending on the style that you are going for the furniture can have one color, marbled coloring, or if you’re a little brave, a design. The option also exists to re-stain it if you happened to have found a wooden piece that you like but has the wrong wood tone. If the sound of marbling is intriguing, take the article outside. Paint the base color as a solid, then water down the second color and lightly paint over the first or dip the brush in and splash it onto the piece until you achieve a design that you like. 

Have fun! 

Think beyond the furniture store! Have fun filling the spaces in your home and making memories in the process. Your handiwork will not only fulfill your furniture need but will become a conversation piece you should be proud of for years to come.




Tags: decorating   Repurpose   furniture  
Categories: Uncategorized  




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