Posted by Pamela Crawford on 12/8/2019

Image by Annie Gray from Unsplash

If you are handy with home repair, you could buy a more expensive house if you are willing to put some work into it. Many foreclosures are often sold “as is,” and require some work. The seller may also be more open to negotiating a lower price based on the number of repairs that need to be done. You could save quite a bit of money if you can do a lot of the work yourself.

The Down Payment

If you budgeted $300,000 for a home, you probably have the 20 percent down payment saved up already. Instead of putting all of that down payment on a $300,000 house, you could purchase a home that would be worth $400,000 if it didn’t need work. Instead, the sellers have listed the home for $200,000. Instead of putting $60,000 down on a home that is ready to move into, you could get a larger home and put down with a $40,000 down payment. That gives you $20,000 that you already saved to put into repairs.

Special Loans

Some lenders have loan programs that are specifically for fixer-uppers. They lend you the amount needed to purchase the home and extra money to make repairs to the house. However, you will have to follow the lenderís rules. The rules vary from lender to lender, but could include:

  • Doing a percentage of the work yourself;
  • Living on the property; and
  • Completing a portion of the work within a specific amount of time.

If you already plan on doing most or all of the work yourself, youíve met that condition. If you are required to live on the property, you could set up an RV or live in a section of the house that doesnít need extensive repairs. You could even convert an outbuilding to an in-law apartment.

The hardest part is committing to completing a percentage of the work within a specific amount of time. If you work all day, you only have nights and weekends to work on the house.

Know What Has to Be Done

Before you commit to a loan with terms for extra money to fix up a home, go through the house to make a list of everything that absolutely must be done. You might make a second list of things that you would like to do, but do not stop you from living in the house. Determine the costs of the “must-do” repairs to make sure you have enough money to make those repairs. Then, estimate the amount of time it will take you to make those repairs. You might want to pad the time since Murphy’s Law loves to interfere with your best intentions.

Once you determine that you have enough money to at least get the house habitable and can do it within the lender’s terms, you are ready to make a bid!





Posted by Pamela Crawford on 12/5/2019

Here's your chance to own this well maintained home. Situated on over 2 acres, this split entry has 4 bedrooms, 1 bath, and over 1300sf! On the main level you will be pleased to have two bedrooms,one bathroom,large applianced kitchen, and your living and dining rooms. Down stairs are the other two bedrooms, and a walk out basement. A perfect backyard for those summer cookouts, equipped with a new swimming pool (installed in 2018), you'll find yourself falling in love with this one! Roof is 5 years young. Also, to help keep those energy bills low, is an Intertek wood stove included with this home. Don't miss this one.

More Info on this Property | New Listing Alerts





Posted by Pamela Crawford on 12/2/2019

Great condo in Sunderland Woods! First level living with 2 beds and 2 full baths. Pride of ownership is on display with the newer carpets (2017), paint (2016), furnace (2018), water heater (2018), kitchen linoleum (2016), washer and dryer (2016) and appliances (2009/2010). Enjoy all that comes with the association: pool, sauna, snow removal, and more! Convenient location with access to major routes including Mass Pike, 290, Rt 146, Rt 20, etc.

More Info on this Property | New Listing Alerts





Posted by Pamela Crawford on 12/1/2019

When itís time to buy a new home, youíll hear a lot about the importance of location. How can you choose a place? Whether youíre moving around the corner or across the country, there are a few essential things that you should know in order to select the best place for you to live. Read on for some questions that you should ask yourself when trying to find a good fit for a  location to live. 


What Should Be Close?


Thereís more to a home than what schools are nearby or how close you are to work. While these things are essential, youíll need to understand more about our lifestyle to find an excellent location. Youíll have to look at your life and your familyís life on a day-to-day and weekly basis. What types of activities do you enjoy? How close do you want to be to a grocery store, a gym, or a shopping center? How close do you want to live to the city? The mountains? The beach? Does your family enjoy outdoor recreation like hiking or walking through the park? Making sure that the things that are important to you and your family are accessible will be a big part of choosing a location to move.


How Walkable Is The Neighborhood?


If your kids will be walking t school, or you enjoy daily strolls with the family dog, the walkability of a neighborhood is important. Many places allow you to walk everywhere right out your front door to the grocery store or the hair salon without ever setting foot in a car. You may even want to be able to walk to a bus or subway in order to get to work each day. Walkability is an important aspect to consider when looking at home locations. 


Who Lives Nearby?


You may want to consider who lives nearby when looking at different neighborhoods to move. If you wish to live near family or know some good friends who live close, this could be a good starting point for finding the right location to live. Itís always easier to make the transition to a new area when you know a few people.


How Quiet Is Too Quiet?


Some people love peace and quiet. Other people need a lively environment that allows them to access the hustle and bustle any time they choose. Knowing your want for peace is a big lifestyle choice and a large part of selecting a location to live in. The closer you move to a big city, the easier your access to the more exciting side of life will be. The further away you live from the city, the more likely you are to have more quiet.      




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Posted by Pamela Crawford on 11/24/2019

If you've conducted an in-depth search for your dream house but still have yet to find your ideal residence, there is no need to worry. In fact, you can revisit your homebuying strategy and revise it as needed. This will allow you to restart your house search and increase the likelihood that you'll discover your dream home sooner rather than later.

Ultimately, there are many reasons to revisit your homebuying strategy, and these include:

1. You can consider why you're searching for a house.

There are many reasons why an individual may choose to buy a home. By revisiting your homebuying strategy, you can think about why you want to purchase a house and proceed accordingly.

For example, if your initial goal was to buy a home near the top schools in a particular city or town, you may want to refocus your house search to achieve the optimal results. Or, if you now find that you'd prefer to own a house in a big city instead of a small town, you can update your house search.

2. You can evaluate your home must-haves and wants.

After attending open house events and home showings, your homebuying criteria may have changed. As such, now may be a good time to revisit your homebuying strategy so you can update these criteria.

Think about things you've liked and disliked as you've viewed various available houses. You can use your open house and home showing experiences to revamp your home must-haves and wants, and as a result, reenter the housing market with a fresh perspective.

3. You can review where you want to live.

As you've searched for homes, you may have found that houses in certain cities and towns are more appealing than other residences. Thus, you can revise your homebuying strategy to focus on residences in your preferred cities and towns. This will help you accelerate your house search and ensure you can find a home in a city or town where you want to live.

Of course, conducting a home search on your own often can be difficult. But if you hire a real estate agent, you can receive plenty of support throughout the homebuying journey.

A real estate agent understands exactly what it takes to find a great residence in any city or town. He or she can help you revamp your homebuying strategy and streamline your house search.

In addition, a real estate agent will set up home showings, keep you up to date about new houses that become available and help you navigate the homebuying cycle. Once you find your dream house, a real estate agent will make it easy to submit a competitive offer to purchase this residence. And if you ever have concerns or questions about purchasing a home, a real estate agent is ready to respond to them.

Revisit your homebuying strategy today, and you could move one step closer to finding and purchasing your ideal residence.




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