Miscellaneous
If you or anybody you know and love is looking to buy and/or sell real estate in the near future, please don't hesitate to reach out HERE with any questions!.Alexa Modero and her now fiancé, Brett, bought a condominium in Jersey City, NJ, right before the pandemic broke out and the market exploded. Their timing was quite spot-on for buyers compared to what it is nowadays..In this second episode of On the Corner of Well & Why, my new Real Estate series for Millennials, we discuss Alexa and Brett's intentions for buying a condo rather than just renting an apartment..We also touch on the shell shocking experience of being a first time home buyer in regards to the little things that were never taught or shared until it was Alexa’s time to buy. The process is so detailed!.We laugh at how all of the instagram pics with a sold sign make it out to seem as though buying a home is all rainbows and butterflies, when in reality, it’s a really challenging time for buyers!! This, my friend, is why it’s extremely important to work with somebody who you know, like and trust, or even been referred to by somebody else. A mutual connection is always a huge perk when seeking a real estate professional. .Alexa also shares with us the unexpected perks of having an HOA, otherwise known as a home-owners association, being that she and Brett bought their first home in a condominium..Google DefinitionsHomeowner Association (HOA): "In the United States, a homeowner association is a private association often formed by a real estate developer for the purpose of marketing, managing, and selling homes and lots in a residential subdivision. Wikipedia"Condominium: "A condominium, is a type of living space but independently sellable and therefore regarded as real estate. The condominium building structure is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. Condominiums are a type of common-interest development. Wikipedia"Mortgage: "a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt."Refinancing: "In the real estate world, refinancing in general is a popular process for replacing an existing mortgage with a new one that typically extends more-favorable terms to the borrower.".Links: Ep. 59 with Alexa about their non-profit Backpacks for Life // @backpacksforlife // @spirituallynutritious // @seasyourhome // Allee Sprung Real Estate See acast.com/privacy for privacy and opt-out information.