Jane Dunlap - New England R. E. Center, Inc.



Posted by Jane Dunlap on 2/18/2018

Ready to submit an offer on a house? Not so fast. First, you'll want to consider a few key questions, including:

1. Can I afford to buy a house?

If you find a house you like, make sure you can afford the monthly mortgage payments. By doing so, you may be able to avoid costly, time-consuming problems down the line.

Ultimately, getting pre-approved for a mortgage can make a world of difference, particularly for a homebuyer who is ready to submit an offer on a home.

With pre-approval for a mortgage, a homebuyer will understand exactly how much money is at his or her disposal. As a result, this homebuyer can avoid the temptation to overspend on a house.

2. Should I submit a "lowball" offer?

For many homebuyers, it may seem like a good idea to submit a "lowball" offer on a house. But doing so may be problematic for a number of reasons.

If you submit a lowball proposal, a home seller is unlikely to take your bid seriously. As such, this home seller may dismiss your offer and move on to other proposals quickly.

In addition, a lowball offer may cause you to miss out on the opportunity to acquire your dream residence.

When you locate the perfect residence, there is no need to leave anything to chance. If you submit a fair proposal that meets or exceeds a home seller's expectations, you can avoid the risk of losing your dream house to a rival homebuyer.

3. How much should I offer for a residence?

We've already established that a lowball offer is rarely, if ever, a good idea. Now, you'll just need to determine what differentiates a fair proposal from a lowball one.

A fair proposal accounts for the needs of both a homebuyer and home seller. It should be based on the current state of the housing market as well as the condition of a home.

For instance, if you're operating in a buyer's market, there is likely to be a broad assortment of homes available. This means a home seller may need to lower his or her expectations due to the sheer volume of quality residences currently on the market.

Don't forget to study the prices of recently sold homes in a particular city or town too. This housing market data will help you better understand how a residence you're considering stacks up against comparable houses so you can submit an appropriate offer.

4. Do I need a real estate agent?

A real estate agent will take the guesswork out of buying a home, and for good reason. This real estate professional can help you prepare an offer and will negotiate with a home seller on your behalf. That way, you can streamline the process of going from homebuyer to homeowner.

Hire a real estate agent before you submit an offer on a house Ė you'll be glad you did. A real estate agent will guide you along the homebuying journey and ensure you can secure a great house at a price that fits your budget.




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Posted by Jane Dunlap on 2/11/2018

Home values continue to rise. Many people use their home equity in order to get a bit more financial security. The home equity line of credit can have many different benefits for you. From home improvement projects to a much-needed vacation, you can get the funds that you need for whatever you wish. Turn to your home equity with some careful thought, however. You could end up owing more than your home is worth, which defeats the purpose of tapping into your home equity to begin with. 


Make Your Decision Smart


Your home equity can be a good thing to tap in to if youíre not planning on spending like crazy. Maybe you just want a little extra cash on hand for emergencies. Youíll be prepared for anything unexpected. This could be a smarter decision than just blowing a bunch of money on a vacation, for example. 


Some smart things that you can use your home equity for include:


  • Home renovations
  • Emergency funds
  • College education funds
  • Cash advance


These ideas are investments that can help you to achieve other goals. You should be sure that youíre able to pay the money back. These projects or financial endeavors are much more suited to smart spending than just randomly spending money, buying a car, or other things that will put you in serious debt.


Home Equity Fluctuates


As the market changes, the amount of home equity that youíll have to tap into does as well. The state of the housing market can actually dictate to you how much money youíll be able to get. If the market isnít good, you could end up in the negative financially, so do your research. 


How To Get Your Home Equity


There are a few ways that you can draw from your homeís equity. The first rule that you should understand is that you cannot borrow more than 80% of what your home is worth. Take a full remortgage your home, giving you the full 80% amount that your home is worth in order to take a lump sum. Alternatively, you can take a cash-out refinance where you set the amount of money youíd like to take out of your homeís equity as you refinance the home. You can also take out whatís called a ďhome equity line of credit,Ē which allows you to use the amount of your homeís worth as a credit card of sorts. You borrow money as you need it.     


The biggest issue with refinancing is that of planning. Itís important to know why youíre refinancing and what youíre planning on doing with the money. Used wisely, home equity can really be a great financial tool.





Posted by Jane Dunlap on 2/4/2018

Choosing a neighborhood is one of the most important aspects of the home search. Neighborhoods encompass the schools children will attend and the people you will interact with on a daily basis. Youíll truly never feel at home in a house if you donít love your neighborhood. To choose the right home, youíll need to do a little bit of ground work. You should figure out exactly what youíre looking for in a home and a neighborhood, and then research to find an area that suits your needs. There are certain things that you should keep in mind to research for the neighborhood with the perfect fit. Below are some things that you should consider when looking for the best neighborhood for you. Make A List Think about what you really want in a neighborhood. Then, categorize your desires. Put a column for whatís high priority, then use other columns for less pertinent things that youíre looking for in a neighborhood. If youíre unsure of what exactly to put on this list hereís some ideas: Cool For School Do you have children or are you planning to have children? Every parent knows that one of the most important things to look for in a neighborhood is the quality of the school system. Parks and community centers are also key things to live close to if you have children. Keep in mind that property values in areas with sought after school systems are higher. Home Style What type of home are you looking for? The type of neighborhood that you move to will depend upon the home style that youíre seeking. Single family homes, condos and apartments tend to stay in clusters. Keep this in mind when searching for a home. Whatís Your Commute Time? How far are you willing to commute to work? This can be a deal breaker in finding the perfect neighborhood. If you take mass transit to work or if you donít own a car, this can also be a huge area of concern for you in choosing the right neighborhood to purchase your home. What Do You Value? If you love coffee shops, then you may not want to live far from a city center. If you love the beach, donít pick a neighborhood that has you landlocked. Having access to the things you love and value has a lot to do with your own happiness in a neighborhood. When home searching, you should consider what your current neighborhood is lacking and see if you can find a place to fill that void. Visit the Neighborhood and Use Your Senses As you start on your research, check out the neighborhoods and get a feel for them. Get out of your car and walk around. Although it sounds strange, see how the neighborhood smells. Listen to the noise of the traffic nearby. Maybe youíll even sense the quiet! Take a look at how the homes in the neighborhood are designed and if you could actually see yourself living there. Do Some Digging Thereís plenty of ways that you can research neighborhoods from the comfort of your couch. You can always find crime statistics for certain cities online and even see school rankings throughout cities. Real estate agents in the area can also help provide you with the statistics that youíre looking for. Trust your gut when it comes to choosing a neighborhood. With a little intuition and some research, youíll be able to choose a place to live thatís perfect for you!





Posted by Jane Dunlap on 1/29/2018

LOCATION! LOCATION! LOCATED IN THE BUSY DOWN TOWN AREA! SPACIOUS AND BRIGHT! GREAT OPPORTUNITY FOR VARIOUS BUSINESSES! LARGE AREA AND HAS A BATHROOM WITH A SHOWER! COME ON DOWN AND CHECK IT OUT!

More Info on this Property | New Listing Alerts





Posted by Jane Dunlap on 1/29/2018


10 Porter St, Stoughton, MA 02072

Commercial

$165,200
Price

1
Buildings
Commercial Condo
Type of Comm.
9,999.00
Lot Size
LOCATION! LOCATION! LOCATED IN THE BUSY DOWN TOWN AREA! SPACIOUS AND BRIGHT! GREAT OPPORTUNITY FOR VARIOUS BUSINESSES! LARGE AREA AND HAS A BATHROOM WITH A SHOWER! COME ON DOWN AND CHECK IT OUT!
Open House
No scheduled Open Houses






Categories: New Homes  




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