Realty Vision


Posted by Realty Vision on 6/15/2017

Selling your house in a short amount of time has so many advantages. The sooner you sell your current house, the sooner you can move into your dream home. An early sell also keeps you from taking on additional debt, especially if you are moving to start a better job, gain more space or relocate to a safer neighborhood.

Take these precautions when selling your home to a family member

Selling your home to a family member could be a quick way to a house sell. But, there can be drawbacks. To avoid entering a bad deal with a relative, consider taking the following precautions:

  • Run a credit check on the relative - Don't assume that a family member is financially responsible. Also, don't assume that just because a relative has a high paying job that his credit score is good. If you're selling the house direct, without working through a realtor, accept what the lender says when they tell you that the relative is a high credit risk.
  • Leave the legal aspects of the deal to the lender - Make sure that your relative goes through the entire home loan process with a lender. Avoid creating "outs" for your relative, this includes taking on another mortgage and letting the relative pay you monthly payments.
  • Give your relative a great home - Just as you don't want a relative to buy your house then back out when it comes time to sign the contract, commit to giving your family member the best house. Get the home inspected. Tell your relative about issues with the house. Avoid keeping the fact that the roof or the basement leaks during hard rains a secret.
  • Be honest about the neighborhood - Even if your relative visits during major holidays, they don't live with you. Tell your family member if neighbors play their music loudly on weekends or late at night.
  • Sell your house at a competitive price - This could be one of the trickiest parts of selling your home to a family member. As tempting as it might be, avoid shaving thousands of dollars off the price of your house to make your home more affordable for a relative or to save your family members money.
  • Stay away from the desire to impress - Keep your house in good condition. But, don't pay to add rooms onto your house because you want to impress a family member with the size or style of the house.

Selling your home to a family member can pay off

Selling your home to a family member is an easy way to find a buyer. It can save you advertising and marketing money. It can also keep you from having to take on a realtor and pay commissions. But, there are challenges to look out for when selling your home to a family member. You can avoid or overcome these challenges by setting clear boundaries up front. Let relatives know that they must adhere to the same home buying rules as a non-family member.

This means you pay attention to a relative's credit rating. If you know that a relative is not good at meeting her financial obligations on time, consider walking away from the deal. By making sure that you work with a relative who is not only financially responsible but who also takes full responsibility for themselves and what they own, you could increase the likelihood that the house will betaken care of, which could potentially keep the property in your family for generations.





Posted by Realty Vision on 6/1/2017

Your own gut may be a great check when buying a house. You know if a deal feels right for you or not. Partner with a licensed realtor who holds herself to the highest ethical standards and you may never have to worry about being part of a kickback or a mortgage fraud scheme. You may get the best prices on each part of the home buying and home owning process.

Empower yourself when buying a house

That includes getting the best deal on your closing costs, mortgage insurance rates, property appraisal costs, title fees, homeowner's insurance rates and mortgage fees. However, unless you live in the house that you buy with this realtor until you decide not to own a house anymore, benefits of working with the above the board realtor will run out.

To truly gain while buying a house, you need to trust yourself. You need to learn the ins and outs of the mortgage process. This doesn't mean that you need to know as much as a real estate with an active license. But, to protect yourself against mortgage fraud and other disadvantages, it does mean that you should know about mortgage elements like:

  • Real estate agent commissions and fees, including the average and competitive realtor commissions in areas that you are looking for a house in
  • Homeowner's association fees and costs that go to embezzlers (This can happen if homeowner's association board members aren't keeping a watchful eye on balance sheets, payments and bank records.)
  • Down payments (In addition to knowing what the average down payment percentage is, you should know how down payments will impact your monthly mortgage installments.)
  • Home inspection fees (Again, find out what the average rate for home inspection fees are in the area where you want to buy a house.)
  • Mortgage insurance costs (This costs is separate from homeowner's insurance.)
  • Insurance to protect your house and land, including financial protection against natural and human caused damages.
  • Fees associated with the mortgage application itself (Get clear about costs that you are responsible for paying that you won't be reimbursed.)
  • Values of houses in the area that you want to move into (It doesn't hurt to run comparables on houses in the area yourself.)

Know what you're getting into when buying a house

These additional costs may not be directly associated with buying a house, but they will impact your ability to make your monthly mortgage payments. At the top of the list are utility costs. Electricity and running water aren't the only utilities you may be responsible for after you buy a house. Other utility and home related costs include sewage and trash pickup fees.

After you buy a house, you may also be required to pay for gas, telephone services, oil,cable television and Internet services. You'll also have to pay to maintain your home. Maintenance costs cover repairing appliances like the refrigerator,washing machine or air conditioner.

Make sure that you can pay these costs comfortably before you take on the responsibility of owning a house. It can keep you from falling behind in your mortgage payments. It can help you to sleep good at night.




Tags: Mortgage   home buyer  
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Posted by Realty Vision on 6/1/2017


24 Sacramento Drive, Leominster, MA 01453

Single-Family

$285,000
Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Beautiful one owner home located in quiet, desirable North Leominster neighborhood. Lovely fireplace living room, hardwood floors throughout, Full bath off master and hall and half bath on main level with laundry. Good sized kitchen with bar and dining area. Quality throughout. Full basement, partially finished with bulkhead to rear yard and brand new furnace. Walk out kitchen to deck and private back yard. 2 car garage. Large half acre lot with over 270 feet of frontage. Convenient location only minutes from Routes 2, 12, 117 and 190. This BEAUTY won't last!! First showing at Open House Sunday 12-2pm.
Open House
Sunday
June 04 at 12:00 PM to 2:00 PM
Come along or send your buyers to this wonderful ranch in prime Leominster location. Beautiful home in most desirable neighborhood!!
Cannot make the Open Houses?
Location: 24 Sacramento Drive, Leominster, MA 01453    Get Directions

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Posted by Realty Vision on 5/31/2017


845 High Street, Clinton, MA 01510

Single-Family

$189,000
Price

5
Rooms
2
Beds
1
Baths
Affordable cute and cozy 2 bedroom Cape set on Clinton - Lancaster town line. Nice kitchen, separate dining room and living room on first floor with the bedrooms and bathroom upstairs. House also features wonderful enclosed front porch offering a great space to relax and there's a great side and back yard for outdoor enjoyment. Showings begin at Open House on Sunday, June 4th from 11:00 a.m. to 12:30 p.m.
Open House
Sunday
June 04 at 11:00 AM to 12:30 PM
Cannot make the Open Houses?
Location: 845 High Street, Clinton, MA 01510    Get Directions

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Posted by Realty Vision on 5/25/2017

Remember how excited, happy and nervous you felt days before you moved into your current home? It was the perfect house, meeting you and your family’s needs. Hard to believe several years have passed since then. It may also be hard to believe that you’re actually considering moving into another house. But, moving just might be the right option. Makeup of a new city - Face it. You felt more curious, connected and happy when you visited a relative or friend at their home in another city. Culture, vibe, entertainment options and natural landscapes in the new area appeal to you. Moving to a new city might be just what you need to feel revitalized. Before you move to a new city, stay in the city for at least a week, this time without visiting family. It's a good way to learn more about the city and find out if you really want to move. Neighborhood changes – If crime in your neighborhood has increased, adding another lock on your house doors and windows may not be the best option. Instead, it may be time to move to a better, less crime ridden, city. Argumentative neighbors, an increase in untrained neighborhood pets and congested traffic are other reasons why moving may be a good option. Family Size – Adult children leaving home to embark on their own could cause your house to feel too big. After your adult children leave, you may also desire to relocate and move closer to your siblings or parents. Similar to empty nesting, plans to have children could inspire a move. Infants and toddlers becoming teenagers may require added privacy or the need for growing children to have their own bedroom instead of sharing a room with one to two siblings. Marital status – Get married, separated or divorced and you may not have much of a choice as to whether or not you’ll move to a new home. The move could help you to accept other transitions that your marital status change brings into your life. Moving into a new house may also help you to feel empowered, certain that you can thrive on your own or with your new spouse. Career – Opportunity to work a better job in another city or neighborhood may inspire a move. These career opportunities could come through a company led relocation, market shifts or a job search. Moving to a new area could also introduce you to employers, new clients you could support as an independent contractor, franchise or government agency work opportunities that you were previously unaware of. Your current house itself may also be a reason to move. The number of home repairs required to keep your house in good condition may have increased, possibly even doubling, since you bought the house. Construction or local zoning laws may have had a negative impact on sewage and water sources where you live. These are times when moving may be a good option.




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