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CONDO BUYER TIPS

From Calgary

Via W.A. (Bill) Jones - RealtorĀ® Airdrie & Calgary Area Homes and Condos (Century21 Castlewood Agencies):

Condo buyer tips

Bill Jones has Condos for Sale

Square footage can be measured any number of ways in condominium plans. Don't believe numbers presented to you. If exact measure is important, carry a measuring tape, and work consistently from the inside measure of condo apartments. Divide the asking price by the number of square feet to arrive at dollar-per-foot costs that you can compare.

Parking can be an uncovered stall, a covered stall, indoors but unheated or indoors heated and secured. Its legal status can be either assigned common-area space, or legally-titled ownership. If it is assigned, it should be protected by a formal lease agreement.

Construction of condominiums can vary dramatically. Concrete obviously is more long lasting and generally quieter than frame construction, but "post-tensioned" concrete construction can have problems requiring maintenance. Concrete transmits tapping sounds, while wood-frame buildings can quiver slightly under heavy footsteps. Quality will be your best investment, and I can identify the construction types and any sound issues as you shop.

Conversion of rental buildings to condominium ownership has created both opportunities and pitfalls. Some older high-quality concrete buildings have become condos at very affordable prices. As well, some well-built wood-frame rental buildings are being sold as condo apartments at prices that compete with the cost of renting! Yet some low-quality rental buildings converted to condominium ownership are simply not worth buying into.

Heating is an important issue in condo buildings. In apartment condos it is usually central hot-water heat, which means the cost is absorbed by your monthly condo fees. Older hot-water heating systems can at times be noisy, but I still prefer it! Electric heat is convenient, quiet and controllable in each room, but it's expensive. New in-floor radiant hot-water heat is wonderful for warm toes, but if you turn the temperature down, it takes a while to respond.

Renters will be found in any condo building, as renting of units can no longer be prohibited by condo bylaws in Alberta. That's good for your flexibility as an owner, but find out how many renters are in the building. If it's primarily renters, largely investors own the building, and they may not share your standards of operation and maintenance. You may also find less of a sense of community in the building and on the board of directors.

Age mix of owners might seem a strange consideration, but if you're a yuppie, do you want to live in a retirement home? And if you're enjoying a quiet retirement, you probably want neighbors you can relate to and make friends with. In short, condominium projects can become small communities where-if you choose the right one-you can make many friends and enjoy an in-house social life.

Condo documents are necessary to evaluate any condominium project before you buy. Sellers should have them on hand for you to review on site, and if you have an agreement to purchase, they should be handed to you without hesitation. These include the Condominium Plan, financial statements and budget, the reserve fund study, minutes of the recent annual general meeting and even board meeting minutes, so you have insight into how the complex is being run. If you purchase, your lawyer will obtain an estoppel certificate before closing, which will guarantee no surprises in the monthly condo fee or charges owed by the seller.

Orientation of the condo is important if it's an apartment facing only one direction, less so if it's a townhouse or duplex bungalow condominium with more exposures. How much sun does the home receive, and is that sun hitting your bedroom windows at 5 a.m. during the summer? You may prefer it, or you might hate it, so be aware of which way/s a home faces and whether it will be bright enough, too hot or too dark for your needs.

Real estate agents may be licensed to sell condominiums as well as houses, but do they know what they're doing? Use a Realtor who has taken condominium courses.  If you are buying, Realtor services are at no cost to you, as the selling party pays commission, so you might as well receive qualified representation and advice. Whether buying or selling, you want nothing less than top-quality condominium credentials, ability, experience and market knowledge from your Realtor.

Bill

Bill Jones , Century 21, Castlewood Agencies - Real Estate Services for the Greater Calgary Area

Twitter: @c21bill

 

 

Hunting Creek Club Newsletter Now Available!

The Hunting Creek Club condominiums located on Huntington Avenue just outside Alexandria VA on the Huntington Metro are a great mix of affordability, location and views.  These condos are just a short walk from the lower level of the Huntington Metro and are well-served by many bus lines as well. The tower of Hunting Creek Club shares the neighborhood with a few other high-rises, the most notable being Montebello at the rear on Mount Eagle. Built in 1972, this is building is a classic with plenty of light, generous balconies and an unbeatable location.

  • Great location for commuters
  • Pool and tennis court
  • Recently renovated lobby
  • Sturdy, brick, concrete and steel construction
  • Beautiful balcony views

Hunting Community Association just announced it's new newsletter, with stories and information of interest to residents of Hunting Creek Club and the Huntington Area.

A full page ad in the newsletter costs $80, the half page ad costs $45 and the quarter page ad costs $30.  The newsletter is published quarterly now, but folks want to publish it monthly in the future. Contact me for more information about ads.

Property Selling Tips

Great property selling tips

Via Chris Farkas (Exit Realty Associates):

Selling a home today is very different than it was just a few years ago. In many areas it was as easy as putting a sign in the yard and then sitting back and waiting for multiple offers to choose from. But as the market has cooled down substantially you must make your property more exciting.

When a person buys a home it is a big emotional decision. People spend years of their life planning and visualizing their dream home, so when they actually come to view a prospective home they want it to be perfect. In order to make your house a home and stand out from the crowd, there a few things that you can do.

First of all, look at the outside. Remember the term “curb appeal.” When prospective buyers drive up to your home, what does it say? It needs to say “wow!” Make your yard stand out by pruning the trees, pulling out the weeds and keeping it mowed and trimmed. If you live in a snowy winter wonderland like I do, keep your driveway plowed and your walkways and stairs shoveled and swept. Buyers can and will imagine both the best and worst conditions. It is your job to make the best and worst seem acceptable.

You can also add colorful fresh plants to give it a fresh look. Make sure the exterior is in tiptop shape. Paint, as needed – especially the front door. If winter prohibits exterior painting, plan ahead if able. Painters have some options available for winter painting but they are not genies, and they are limited to available technologies for cold weather painting.

Inside the house make sure to fix any broken window panes, doors and leaky faucets. You should also check and make sure that all the electrical appliances such as the doorbell, fans, lights etc are functioning properly. You must keep in mind that buyers will look at every nook and cranny of the house, so you should take care of all the finer details. Nothing will turn off a potential buyer more than the feeling that the house has not been maintained.

Finally, look at the inside of your home through the buyer’s eyes. What will they see? Should you repaint the walls? Should you replace the carpeting? Will the buyer feel at home?

In order to be more accustomed to the buyer’s need all you have to do is to think like a buyer. Try to make a list of all the things you would want in your home if you were to buy it. This will give you a good idea of what you need to do in order to make your home the buyers perfect home.

Chris Farkas is a Realtor for EXIT Realty Associates

www.RealBellingham.com
www.WhatcomShortSale.com
www.ChristineFarkas.com
www.FreeWhatcomHomeSearch.com

Adams Center --- medical museum in Old Town Alexandria

One of the many intriguing things about life in Alexandria is Old Town's assortment of highly specialized trade associations. One of these is the American Academy of Otolaryngology-Head and Neck Surgery (AAO-HNS).

Ear Nose and Throat treatment and management is the oldest medical specialty in the United States. This specialty is practiced by otolaryngologists (pronounced oh/toe/lair/in/goll/oh/jists)---also known more commonly as "ear, nose and throat doctors". ENT physicians manage and treat patients with diseases and disorders of the ear, nose, throat and related structures of the head and neck. Counting more than twelve thousand otolaryngolosist as members, the AAO-HNS is the world's largest organization representing otolaryngologists.

The Otolaryngology Historical Society, a section of the AAO-HNS, was founded and dedicated to preserve the history of otolaryngology-head and neck surgery. This society is dedicated to the history of otolaryngology and to achieve that mission the society manages and administers the John Q. Adams Center for the History of Otolaryngology-Head and Neck Surgery.

Found on Prince St. in Old Town, the Adams Center has extensive library, archival, and museum collections to provide educational for the public and professionals alike. The center's collections chronicle and preserve the history of otolaryngology-head and neck surgery in the United States and Europe. One of the highpoints of the collection is the Rosalind N. and David Myers Hearing Aid Collection---a renown collection of ear-horns and an earpieces dating back to the earliest days of the specialty. The center also is home to many surgical instruments relating to medical procedures of the ear, nose, and throat as well as medical illustrations from the 17th and 18th century.

These and other artifacts, artwork and papers rotate regularly. The center is not just for eductional purposes but is also available for historical research. Rare books and manuscripts are collected here for that purpose but collected items that are in storage are available only by appointment.

The location is easily accessed via the King St. Metro. Parking in Old Town is sometimes tricky, but is available.

American Academy of Otolaryngology

One Prince Street, Alexandria, VA 22314

703-519-1579
Open: Monday through Friday, 9 a.m. - 5 p.m.

Real vs. Personal Property - What Stays & What Goes with a Home?

The answer to a simple question you may have been curious about

Via Trey Affolter (Keller Williams Realty):

Real vs. Personal Property

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At closing time, the last thing you want is a dispute over what goes with the house and what doesn't. But it isn't all that unusual for a buyer to think a particular item is included in the sales price, while the seller never had any intention of including the same item! Classic examples include window coverings, lighting fixtures and chandeliers. But just about anything which might be construed by a buyer as being "part of the house" has the potential for misunderstanding and disagreement.  

Generally, the law says that anything which is part of the land or attached to the house and is immovable, or can't be removed without damage, or anything which is incidental or appurtenant to the land is real property. Personal property is basically everything else - the possessions you take with you when you move.  

The law recognizes the intent and manner with which an item is attached in determining whether an article or fixture is real or personal property.  Built-in appliances are usually considered real property, while free standing ones are usually personal property. If removing the item requires pulling nails, it's probably real property. If it can be unscrewed and removed without leaving any damage, it might be an item ready to cause some disagreement!  

To avoid problems, both buyers and sellers should make detailed lists of any items to be included in the sale before closing.  As a seller, give your list of items to be included to the closing agent. If there is something you want to take with you, and it requires removing a screw or nail, put it in the contract.  

Remember, as with everything else in real estate, it's all negotiable. If there is a unique item you want included in your purchase, you may be able to get it included at a reasonable price.  Especially if the item won't fit in with the new home the seller is moving to.     

 ____________________________________

The Trey Affolter Team, Keller Williams Realty, always welcomes comments and is available to answer questions about Tacoma Real Estate and the surrounding cities within Pierce County Real Estate, South King County Real Estate, and North Thurston County Real Estate

253-222-6000

http://www.TreySellsHouses.com

Keller Williams Realty

River Farm - headquarters of the American Horticultural Society

River Farm is on Virginia's side of the Potomac River in Fairfax County just south of Alexandria. Originally together with nearby Collingwood, River Farm was a sprawling farm that was one of five farms that compromised George Washington's Mount Vernon Estate. Today, River Farm is twenty five acres of meadows, woods and landscaped gardens.

The gardens bloom all year from the daffodils and lilacs in early spring to the cherries and dogwoods of late spring. Magnolias in the early summer give way to the Crepe Myrtles in later summer. The asters of fall herald the brilliant fall foliage that promises a winter of holly and persimmon. The woods and river banks of River Farm provide habitat for many birds, including bald eagles and ospreys, as well as animals as small as lizards and as big as deer.

These and many other plantings make River Farm an excellent destination for a one day outing but also a lovely place to host an event. River Farm is open to the public from 9 am to 5 pm Monday through Friday, excluding national holidays. In addition, from early April through September 25 River Farm is open on Saturdays from 9 am to 1pm. River Farm organizes special events and children's programs throughout the year. River Farm's ballroom, patios and gardens are a great place for a spring wedding or corporate get-away.

River Farm

7931 East Boulevard,
Alexandria, VA 22308
Toll-free: (800) 777-7931

The headquarters of the American Horticultural Society is also at River Farm. The American Horticultural Society strives to inspire Americans to appreciate the vital connection between people and plants so that we might become become better caretakers of the Earth. Both experienced and novice gardeners may find the many publications of The American Horticultural Society very useful. Here are a few of their resources:

Closing Costs --- What exactly do the buyer and seller have to pay for?

Firstly and mostly the average consumer should know that all closing costs are open to negotiation. This means that in any given contract, any expense can be paid by either the buyer or the seller. However, there are costs that typically related to the purchase and those are paid by the buyer. Likewise there are costs related to the sale and those are most usually paid by the seller.

Here's a list some of the typical concerns for real estate purchases, with specific notes for the condominium purchaser. Some of these (like Home Inspection) are optional and a few of these are only required from some buyers (like PMI).

  1. Bank costs, including application fee, credit report, appraisal or inspection fee, processing, bank attorney fee. These fees are related to the acquisition of the loan and thus an expense of the buyer and usually paid by the buyer. These fees include discount points and origination points. Each point is 1% of the mortgage amount. Discount points reduce the interest rate. Origination points are paid to the bank or broker to make the loan.
  2. Attorney fee for representation of Buyer interest at settlement. In some states, a lawyer is paid to negotiate the interests of the buyer, but in the Commonwealth of Virginia, a settlement agent (who is often an attorney) works to ensure that the contract is followed. The settlement agent makes no representations or opinions about the deal that was negotiated. Rather the settlement agent ensures that all parties are fairly treated with regard to the contract presented.
  3. Property tax escrows are usually moneys held by the lender to pay property taxes on the behalf of the owner.  The seller is usually responsible for taxes up to the point that the sale closes and the buyer pays taxes during his ownership.  The settlement agent reconciles this to the penny to determine who owes what taxes at closing.
  4. Buyers often have to pay prorations to the seller for taxes, oil, water, sewer, rents or condo fees. The prorations are are paid to reimburse the seller for items that were paid in advance by seller. For example, if the condo fee due on the first covers the entire month, but the sale happens on the 15th, the buyer owes the seller for half of a month of condo fees.
  5. Both the buyer and the seller have to pay fees for recording deed and mortgage. This is a nominal fee paid to the settlement agent.
  6. Buyers must pay for their fire and liability insurance policy. Lenders usually require that this is prepaid for six months or a year. Condo owners rarely pay this fee as the policy is often included in the condo fee.
  7. When the sale doesn't close on the first of the month, the buyer prepays a fraction of a month's interest.
  8. Buyers who have a minimum down payment may have to pay Private Mortgage Insurance (PMI) premium.
  9. Many lenders require the purchaser to obtain (and pay for) a survey. This is rare for condo buyers, but condo buyers have to pay for "condo docs", the documents that spell out the condominium rules and finances.
  10. Buyers who want a home inspection must pay for one.
  11. Most usually, the seller pays the realtors.
  12. Lenders require that buyers purchase title insurance to insure their interest against claims and fraud.

If this seems like a lot for a first time buyer to remember, don't worry that's why you have professionals to help you along the way. Your agent, settlement agent and mortgage broker or lender will help you make the transition smooth and easy.  In Northern Virginia, if you have questions or need futher help, please contact Will Nesbitt.

Collingwood Library and Museum

The Collingwood Foundation's main building and grounds, which were once part of George Washington's River Farm, are south of Alexandria on the banks of the Potomac River, surrounded by woods and gardens. The mission of the foundation is to foster an appreciation of our American Heritage by sharing these facilities with all. There are three components to acheiving this mission.

Firstly, the Collingwood Library on Americanism boasts a library of more than five thousand volumes on American heritage. Secondly, the Collingwood Museum is home to an eclectic collection of Americana. Lastly, the foundation opens the grounds to serve as a venue for weddings, corporate gatherings and other private events. are available for weddings, receptions and other private functions. Collingwood entrance

Collingwood, as the whole is generally refered to, is primarily dependent upon contributions from the public and income from third party events. Collingwood is comprised of a historic mansion between the Potomac and the George Washington Memorial Parkway. Today the property is approximately 8.7 but the property was once a part of George Washington's estate of his River Farm at Mount Vernon. Collingwood was purchased by George Washington in 1760. River Farm was the largest of the five working farms all of which were a part of his Mount Vernon estate. Collingwood's namesake was a member of the British forces at the Battle of Bunker Hill and in 1805 an Admiral commanding a portion of the British fleet in the Battle of Trafalgar.

The original house constructed in 1792 was a modest one, but in time there were at least three major additions to the house. From a small two-room house to its current condition as a colonial mansion the property has had many occupants and usages over time. Over the course of the last two and half centuries, Collingwood has been home to farmers, a ferry operator, airline crew members, and Intelligence School students. For a part of the 20th Century, Collingwood served up meals as an area restaurant.

But time took a toll on Colingwood and by 1977 it was no more than overgrown, neglected land and a much vandalized building that only hinted at the history found here. At that time a group of dedicated National Sojourners obtained the property. took possession of the property. Presently, the Foundation for Collingwood Library and Museum on Americanism, with offices for Headquarters National Sojourners, maintians and occupies the property.

Collingwood Library and Museum consists of a historic mansion that houses thousands of books and artifacts relating to the history of America. As part of George Washington's River Farm, our rich history had many of our founding fathers walking this land in our nation's infancy. Nestled on approximately 8.7 acres on the Potomac River off the George Washington Memorial Parkway in Alexandria, VA, Collingwood is available for conferences, retreats, business meetings and weddings.

Inauguration Day 2009 --- the public's view

My colleagues in Hawaii and Florida and even in Jackson Hole or Las Vegas, love to post pictures that make me drool with envy. Stunning beaches, snow-capped mountains and striking desert oasis condos we do not have in the Washington Metro Area, but we do have access to our national capital. And every four years we have access to history of a different sort, when our nation installs a President.

Several of my friends in Northern Virginia made the trek to witness President Obama's swearing in. For most folks it started at 6 am at the Metro.

Vienna Metro 6 am Inauguration Day

Even at 6 am the line to get on the train was long. For those who were lucky enough to get a seat on the first train, there was a wait for a half-hour or more before the train was underway. When the trains arrived, you begain to get an idea of just how big a number 2 million is.

L'Enfant Plaza

The crowd was pleasant, but the numbers were overwhelming. It took 45 minutes just to get out of the station.

Capitol and National Arboretum

Top side was like a jail break, as people were glad to finally see the light of day.

Washington Monument on Inauguration Day

The masses of people were staggering, even if they were dwarfed by the touchstones of democracy like the Washington Monument.

Capitol on Inauguration Day

This was one of the better view spots open to the public on Inauguration day.  In this picture, Obama is about a quarter of a pixel high, so it's a little tough to make out his expression.

Jumbotron

But the Jumbotron was there if you needed to see what was happening.

the return on Inauguration Day

Then at the end of the day, it's a walk back to the Metro.  Small price to pay to be a witness to history.

Alexandria's Symphony Orchestra

The Alexandria Symphony Orchestra--- founded in 1954---has worked hard over the past 50+ years to establish a reputation for excellence. The Alexandria Symphony Orchestra ("ASO") is dedicated to providing quality, affordable and accessible music in the greater Metropolitan area of Northern Virginia. The ASO also strives to foster a life-long appreciation of symphonic music in area children through arts and music education in schools. The Alexandria Symphony Orchestra supports thematic and inter-arts programming with a mixture of contemporary music and classical pieces. The ASO prides itself on powerful performances under the directorship of Kim Allen Kluge.

The ASO is fully professional with a budget of $750,000 earned through ticket sales and program book advertising. (The ASO also receives many contributions from public and private donors, foundations and generous individuals.)

The Alexandria Symphony Orchestra produces eight concerts (five regular season, the Alexandria Birthday Concert, the Holiday Concert, and the Children's Festival). The ASO also arranges concerts for Alexandria public school students in June.

In 2002, the ASO moved to the critically acclaimed Rachel M. Schlesinger Concert Hall and Arts Center. The Schlesinger Center is metro accessible and located on the Alexandria Campus of the Northern Virginia Community College. This center was designed by world-class acoustical engineers to achieve an atmosphere of sound that is perfect for musical concerts. The concert hall is relatively small, seating only about one thousand people. It features unobstructed views from every seat. The size of the view, the acoustics and the intimacy of the venue ensure a wonderful experience for concert goers.