Sept. 26, 2016

Condo or Townhouse What is the Difference between the two?


Eagle Ridge Condos | The Hamlets in Winter 

EAGLE RIDGE THE HAMLETS in Winter
What's the difference between a condo and a townhouse?

GREAT QUESTION!  It basically has to do with the "type of ownership".

The following explanations are excerpted from: www.homeguides.sfgate.com

The difference between townhouse and condo insurance deal with how the properties are owned. A townhouse is legally different from a condo in the way owners hold title to the land beneath their units. Typically, townhouse owners own the land beneath their units, while condominium owners own the air space in their units and own the land collectively with the other condo owners in the complex.   

Townhome Insurance: covers the unit and any outdoor areas that the owner has the title to. This includes the exterior, interior, and any patio or balcony areas. The policy covers fire damage and some storm damage. Flood or earthquake insurance is generally optional and requires a separate rider. Storm damage outside of flooding is almost always part of the general policy for townhouse owners. Unlike condo owners, who do not own the land beneath their units individually, townhouse owners need liability protection for accidents on their property, whether it is inside or out.

Condo Insurance: Covers the buildings and the land on which the complex sits on and is carried by the condominium association, not the individual condo owner.

HEAD OVER HERE TO MY ROCKLAND CONDO SEARCH PAGE.  Happy Browsing.  Reach out to me if/when you'd like to tour.  Remember to have your financing in place.  You'll need a "pre-approval" to bid.

Posted in Featured
Sept. 24, 2016

Fall Fun in Rockland County NY

SITES I LOVE and RECOMMEND

  1. PARKS and OUTDOORS
  2. FARMERS MARKETS all over Rockland County
  3. RESTAURANTS
  4. Historic and Memorial Sites
  5. HEAD OVER TO THIS ROCKLAND COUNTY TOURISM PAGE 
    to find lots of fun things to do
  6. 365 Things to do in Rockland County FaceBook Page

Fun things to do in Rockland County NY

Cropsey Farm Fall Festival 2016

 

HIGHLIGHTS THIS WEEKEND

  1. Apple Picking - Pomona - Sun: 10 - 5:00
  2. Apple Picking - Warwick - Through October 25
  3. Screening of High Tor - Suffern: Saturday: 11:30 am 1:30
  4. 2nd Annual Fall Festival - New City, NY Sat:11:00-5:00
  5. Bear Mountain OctoberFest - October 1 & 2
  6. Carol King Tapestry Album Live - Nyack: Sat: 8:00 pm
  7. Fall Fair - Chestnut Ridge - Saturday: 10-5:00 pm
  8. OCTOBER IS Rockland County History Month

 Fun things to do in Rockland County NY

Photo credit: <a href="https://www.flickr.com/photos/acme/23042757/">acme</a> via <a href="http://foter.com/">Foter.com</a> / <a href="http://creativecommons.org/licenses/by/2.0/">CC BY</a>
HIGHLIGHTS THIS WEEKEND
:
September 22:      Sail the Schooner Pioneer in Haverstraw
September 22:      Glass Painting Party at Valley Vineyards
September 24:      Wine Tasting at Valley Vineyards
September 24:      Hungry Hollow Music Festival
September 24-25: OCTOBERFEST - Bear Mountain

 

 

 


Photo Credits
Wine Tasting: Photo credit: acme via Foter.com / CC BY

Posted in Featured
Sept. 23, 2016

Nanuet Apartment Complex sells for $147 Million

Do you remember when Avalon Gardens was first built? I do. I admit that I was very disappointed that Rockland County was not getting newer condos for PURCHASE. We sorely need new housing in this area. After a while Avalon Gardens became The Eaves and as you can read below, Eaves has now been sold. Eaves is located within a stones throw of Costco and Lowes in Nanuet and is very popular among renters. Many people rent there who are either downsizing or it is a first stop for young buyers before their first home or condo purchase in Rockland.

Nanuet Aparment Complex sells for big dollars

The article states that "demand for well-located, value-added multi-housing continues to be very strong - especially in high-income sub-markets like Nanuet" .... Well that is certainly the truth.  I and many of my clients wish we had MORE units for purchase.  Our baby boomer buyers and older adults are desperately looking for quality housing that is affordable, nicely appointed with units on one level, AND centrally located near shopping and restaurants where they could walk to everything. 

Rockland County has its fair share of Senior Adults (including Boomers) who long for smaller QUALITY homes to purchase.  Many people, sadly, have to leave the county, their family, long time friends, houses of worship and their medical care professionals to find an affordable place to live out their senior years.

Toll Brothers and DelWeb - We NEED YOU in Rockland County NY !


Angela Chan - Serving Rockland for over 18 years.


 

Posted in Featured
Sept. 19, 2016

FHA financing restrictions eased as new law is enacted

Is your condo development FHA approvedHave you ever tried to buy a condo in your favorite neighborhood only to have it "shot down" for FHA financing? Here's hope for a change to all that.

HR 3700 - A new law signed by President Obama

Major highlights are the bill will make FHA's re-certification process "substantially less burdensome" and will lower FHA's owner-occupancy requirement from 50 percent to 35%. The bill also required the FHA t replace an existing policy on transfer fees with a less restrictive model that has already been in place at the Federal Housing Finance Agency.

To learn more about this exciting development, click on the image below or CLICK HERE.

    • Owner Occupancy
    • Private Transfer Fees 
    • Commercial Space 
    • Board re-certifications streamlined and amended


New FHA Condo Bill Signed into Law


For further information reach out to me with a text, email,
or click on the contact tab above.


Posted in Featured
Sept. 13, 2016

Fall is on its way

FAll in THE HAMLETS

 

On my little Knolls East Deck ... my yearly beautiful Morninglory flower "trumpeting" another morning and ushering in The Beautiful Fall Weather ... It won't be long now.  I LOVE living in an area of the country where we can enjoy the four seasons.  Each one is special in its own way !!! 


HERE IS ANOTHER GORJUS Morninglory Flower I grow.  This species is called The "Picotee" and I imported it all the way from Japan.  I  was so excited the day it arrived in the mail.  I still have the seed packet.  Amazing detail on this flower. Doesn't it look like someone painted the edges of the petals with a fine liner brush?  Luv!!!

Enjoy these last few days of summer everyone !

Posted in 55+, THE HAMLETS
Sept. 10, 2016

We Will Never Forget

.....

May God comfort everyone today as we remember what we will never forget.

We will never forget

 

  • Photo credit: tdlucas5000 via Foter.com / CC BY
    REFLECT
  • 8:46 am: American Airlines Flight 11 Strikes the North Tower (1 WTC)
    9:03 am: United Airlines Flight 175 strikes the South Tower (2 WTC)
  • 9:37 am: American Airlines Flight 77 strikes the Pentagon
  • 9:59 am: South Tower (2 WTC) collapses
  • 10:03 am: United Airlines Flight 93 crashes in Somerset County, PA
  • 10:28 am: North Tower (1 WTC) collapses

    INTERACTIVE TIMELINE

    HOW TO SERVE

  • The 9/11 Memorial Museum will be closed to the public throughout the day
    (it is open only to 9/11 families). 

    PHOTO CREDITS: FLOWER ~ FLAGS



Posted in News
Sept. 9, 2016

Market Reports

THIS PAGE WAS BEGUN ON 9.8.2016



THE HAMLETS FALL MARKET REPORT - 2016

September 2016 ~ THE HAMLETS For Sale Now, Under Contract and SOLD

There are Five (5) different areas in THE HAMLETS:  

They are: Eagle Ridge, Knolls East, Timberline, Treetops and Vista

Eagle Ridge Nanuet Condos in The Hamlets

Knolls East Nanuet Condos in The Hamlets of Rockland County NY

Timberline Nanuet Condos in The Hamlets of Rockland County NY

Treetops  Nanuet Condos in The Hamlets of Rockland County NY

Vista  Nanuet Condos in The Hamlets of Rockland County NY


Sign up to receive our market reports.  They are FREE.

Posted in How's The Market
Sept. 8, 2016

Why do we refer to the floors of buildings as stories?

A FASCINATING TOPIC ~ especially to a realtor or anyone involved in Construction

Omni Parc Nanuet New York 1, 2 and three story units
The above picture is from Omni Parc Condos in Nanuet, NY

I've been doing some reading on this:  The following "answers" are excerpted from: www.english.stackexchange.com.

Here's what I've learned so far.  At the time when the usage came to be circa 1400 or 1500's, the general population was illiterate. Some religious began to draw biblical stories on the side of their homes. Many of them had structures with more than 2 floors, creating more than a single 'story'. When asked where they lived, they said the building with the stories. His room was on the second or third 'story'. I found that explanation easier to comprehend than the others. A picture is worth more than a thousand words, as it were.  


THEN THERE IS THIS:  A story of eight windows," from medieval Latin history books. Historia in Roman times meant history or story, and by the Middle Ages had acquired the meaning of "picture." So the charming notion arose that medieval folk were in the habit of installing rows of windows in their buildings called "stories" that were decorated with paintings or sculpture. The theory is that these stories, which for all anybody knows may actually have told a story, eventually came to signify a level of a building.

So ... Here is my final comment on the matter ... I'm not sure anyone really truly knows.  If YOU do, please comment. But ... suffice it to say, that here in Rockland County New York, it is very difficult to find condos, townhomes or co-ops on "one-story".  In other words NO STAIRS.  Stairs, as we get older can be killer and there are not a few baby boomers out there who lament the fact that they even have to climb a handful of stairs, let alone a unit on the 2nd level.  

Are you looking for a condo or townhouse in Rockland County on one level?  Or at the very least with just a few stairs? Please reach out to me.  I can help.

All my best for all the rest.

Condos townhouses or co-ops on one level in Rockland County NY Baby Boomers

Angela Fish Chan

 

Sources used in this article:
www.english.stackexchange.com


 

 

Posted in DID YOU KNOW
Sept. 7, 2016

Outstanding Olive Oil

Why is a Realtor writing about olive oil on her blog?  Simple.  I'm a person too, I have many interests beyond real estate sales and marketing and I LOVE olive oil, but not just any olive oil.  I want the "real deal".  Don't you?

Excerpted from www.fivethirtyeight.com -  Did you know that ...  After a 2010 report found that 69 percent of imported olive oil in the U.S. failed to meet international standards, thousands of news stories were published, often incorrectly describing the presence of “fake” olive oils in grocery stores. Shoppers everywhere have been terrorized since, afraid that the olive oils on aisle nine may as well be Louis Vuitton bags from New York City’s Canal Street.  Kirkland Olive OilSo ... today I read this article in my Costco Connection magazine. 
Don't laugh!  There is some great reading in that publication.

Looking for some great olive oil? Head over to your local Costco store and pick up some really good quality olive oil.  For years I've know about the quality of this oil and have used it ever since.  I think you'll find the information quite enlightening.

Go ahead and do a quick Google search on olive oil and you'll quickly find that there is a ton of fraud going on.  A bit scary I'll admit, but information is power and wisdom is knowing how to use the information you've been blessed to receive.

So as for me and my house, well, we have been and will continue to use this brand of olive oil for years to come.  The price point is great, the oil is delicious and scrumptious over a crusty bread, or spooned over your favorite pizza, sauce, etc. 

CLICK HERE FOR THE FULL ARTICLE ON THE COSTCO OLIVE OIL

Angela Fish Chan is a licensed Real Estate Broker/Owner of
Rockland County Real Estate in  Rockland County NY

 

Posted in DID YOU KNOW
Aug. 31, 2016

Seller Secrets | The Cost of Testing A High Price

What is the value of rockland real estate






SELLERS SERIES
:

Take a look at the video below  (length :53)

SELLERS SERIES OVERVIEW

  1. How Buyers Search For Homes
  2. On the Market vs. In the Market
  3. Showings and Offers 
  4. Proving House Value
  5. Market Value
  6. Repairs and Improvements?
  7. Appraised Value
  8. The Cost of Testing a High Price - remember to make appraised value a clickable link
Posted in FOR SELLERS