UNDERSTANDNG YOUR CONDO/HOA DOCUMENTS

Thinking of buying a condo or an HOA?   Before you do, make sure you understand:
The Rules and Regulations
The By-Laws
The Budget

Many buyers fall in love with Condo or HOA only to find out after the fact that there is a problem with the budget (especially in this economy). An example:  there might not be enough funds to cover costs for re-siding the buildings, and the new buyer is placed in the position of paying a 'special assessment' in order to maintain the financial stability within the community.  I had a client who lost a $8,000 deposit for an Annapolis Condo after he found out the community was going bankrupt.  Because it was prior to settlement, and he had signed the Documents (after being told all was strong financially), the Court refused to let him out of the contract or refund his money.  He was then forced to move in, only to find out that over 75% of the units were still owned and rented by the developer.  He will more than likely never be able to sell that unit.  These Documents are tricky, and if you don't understand them, make sure your Realtor does.  You can do this by working with a "CONDO SPECIALIST" to purchase your unit.  Don't take the word of a sales person (who might not know the Documents either).  Make sure you review them with your Condo Specialist, ask questions, make sure you understand all that is expected of you, your rights and especially where the community stands financially.  Without this information, all will win but you at a hefty price.

So, if you are buying a Condo/HOA for yourself or a family member, protect yourself by working with a Specialist in Condo Law and Real Estate.......this will protect your investment.

Judith Fallon
Condo-Specialist
(410) 353-2377

DREAM'S LANDING

Phase II CH Beach Clean Up !!!

Well, Bernice pulled it off...FREE Dumpster, coffee and donuts and voila, we had a crew of residents show up and finish beach clean up. As with the first time, it was much fun; certainly didn't seem like work...ALL ENJOYED !!!

Phase ONE of CH BEACH CLEAN UP !!!

October 1st was first beach clean up after Hurricane Irene; fantastic turn-out. It was mighty chilly but residents braved temps and removed a major amount of debris from beach. Free Coffee and Donuts saved the day.

FIRST VILLAGE CELEBRATES NEW BOARD !!!

First Village has two new board members, and it was a great excuse to have a party at our new First Village Grill ... Kirby Mehrhof and Al Craig were the guests of honor after being elected to the FV Board in October. CONGRATULATIONS to them both.

CHESAPEAKE HARBOUR BIRTHDAY BASH !!!

First Village Residents in Chesapeake Harbour threw a Birthday Bash for our favorite lifeguard, Gorgi, who turned 23 on Sunday, August 21. A pot luck dinner party was a huge success and the surprise for him was too. Gorgi comes to us from Bulgaria, and our hope is that he returns again and again to add to the summer fun.

CHESAPEAKE HABOUR OPEN Sat June 4 ... LIVE ON BAY for 339K

This unit at 2014 Quay Village Ct. in Cheapeake Harbour has been reduced to $339,000.
LOOK at this view ... privacy galore ... backs up to bay; motivated sellers have dropped price to $339,000 ... OPEN SATURAY June 4 from 1:00 - 3:00....don't miss out on this FAB condo...come and see for yourself...pix taken from deck of unit.

OSPREYS ARE HERE FOR SUMMER

The annual rite of passage has been complete. After evicting the Goslings from their nest, the Osprey settled in and now watch from their various perches, this one being atop a chimney overlooking the Bay !!!

TALL SHIPS in ANNAPOLIS MD

If you are thinking of buying this spring in Annapolis, come to Chesapeake Harbour and see this unit at 7044 Harbour Village Ct., #101. Look out onto the Bay and see views like this (the "Tall Ship" cruising by). You can also watch the sailing races on Wednesday, gorgeous sunrises and sunsets and unsurpassed views of the Chesapeake. This is one that is hard to beat .... owner has put in every bell and whistle possible.....hardwood floors, brand new kitchen, built-ins, way too many to list. Come visit Chesapeake Harbour on the BAY and be captivated, not only by the views, but the lifestyle...like no other in Maryland.