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Posted by New Age Real Estate on 11/24/2017

If you're planning to purchase a home in the near future, one thing's for sure: You've got your work cut out for you! However, when you finally find the house of your dreams, the time and effort will be more than worth it!

Your to-do list will include calculating how much you can afford to spend on a house, obtaining a pre-qualification letter from a mortgage lender, and eventually comparing loan estimates.

One of the first things home buyers usually need to do before getting too caught up in their real estate search is to check their credit score. Your credit report, which is basically a detailed profile of your credit history, plays a major role in your ability to get approved for a mortgage and obtain favorable interest rates. Consumers are entitled to get a free copy of their credit report once a year from the three major credit reporting companies: Equifax, Experian, and TransUnion.

Before applying for a mortgage, it's highly recommended that you check the accuracy of your credit report. If it contains mistakes, inaccuracies, or obsolete information, that could affect your ability to get a mortgage -- or obtain favorable interest rates and terms. Fortunately, errors can be disputed and corrected by the appropriate credit reporting company.

The Impact of Your Credit Score

The most widely used scoring system to determine a borrower's ability (and willingness) to stay current on loan payments is called a "FICO score." Depending on your credit history and bill paying habits, your FICO score can range from a low of 300 to a high of 850. If you're wondering how your FICO score stacks up against other homebuyers and consumers in the U.S., the median FICO score was recently in the neighborhood of 721 (although that number fluctuates). That means 50% of borrowers are above that score and 50% fall below that mark.

According to the Consumer Financial Protection Bureau, the best mortgage interest rates are generally offered to borrowers who have earned FICO scores in the mid- to high 700s. If your credit score falls between the high 600s and the low 700s, the interest rates available to you may be somewhat higher.

Those who are saddled with a credit rating below the mid 600s may have difficulty getting approved for a mortgage. If you're in that situation, your real estate agent or loan officer may suggest applying for an FHA loan rather that a conventional loan. Although FHA loans can be more expensive, the standards for getting approved are more lenient. These government regulated and insured loans also allow for a more affordable down payment of as little as 3.5 percent, as oppose to the "typical" down payment of between 10 and 15 percent.





Posted by New Age Real Estate on 11/17/2017

It's amazing how one piece of carefully chosen, strategically placed furniture can drastically improve the look and feel of your kitchen, living room, or any other space in your home.

While it is very satisfying to pick out furniture that delights you every time you look at it, furnishing and decorating your home can take a big bite out of your budget. What many homeowners don't stop to consider, however, is that it is possible to get good deals on nice furniture without depleting your bank account.

Here are a few strategies for accomplishing that.

  • Take advantage of sales, discount coupons, and closeouts. When a furniture outlet advertises that they "will not be undersold," it's often worth your while to stop over and take them up on that offer. First, however, it's necessary to know what the competition is charging for the same or very similar furniture. Once you're armed with that information, you're in a good position to pay the lowest possible price. Like any type of shopping, comparing prices will save you money.
  • Dispense with your aversion to negotiating. Have you every heard people say "I hate negotiating" or "Negotiating makes me feel uncomfortable?" Are you one of those people? For whatever reason, it's a mind set many people have. The disadvantage of thinking this way, however, is that you may be missing out on chances to save hundreds, if not thousands of dollars a year. When you add up the savings and realize all the worthwhile ways you can use that saved money, you may reconsider your position on practicing the art of negotiating!
  • Estate sales can potentially be a great source of good quality, reasonably priced furniture, and sometimes you can stumble upon incredible bargains. For obvious reasons, your ability to negotiate the best possible deal increases as the end of the sale approaches. When you play the "waiting game" or tell them you'll come back later or tomorrow, you do run the risk of someone else snatching up that great dresser, coffee table, or antique lamp you had your eye on. Waiting can be a gamble which sometimes (but not always) pays off. There's also an art and science to getting the best deals at antique shows, but effective bargaining requires the right mindset, a little knowledge, and plenty of practice.
  • Attending garage sales can also yield great bargains and unique finds. Homeowners holding garage sales are often motivated to liquidate their old furniture --especially if it's a moving sale. If you've ever held a yard sale, yourself, you know that the last thing you want to do at the end of the day is to haul unsold furniture back to the house when the sale is over.
With a little research, friendly negotiating, and patience, finding great furniture for the right price is an attainable goal.
 





Posted by New Age Real Estate on 11/10/2017


53 Baldwin Rd., Billerica, MA 01821

Condo

$479,000
Price

7
Rooms
3
Beds
2/1
Full/Half Baths
First floor master bedroom highlight this large end unit townhouse that is a 2 minute walk to the Billerica Country Club. In fact there is a separate space in the garage for your golf cart. Open concept Kitchen with a large center island, dining area and family room with a vaulted ceiling and a slider to the deck. Master Bedroom has a master bath with a separate shower, whirlpool tub and a walk in closet. There is a half bath with laundry area on the main level as well. 2nd floor has a loft, 2 bedrooms, another full bath with a steam shower, large bonus room that can easily be finished. Pull down attic for storage. Roof new this year. Located in one of Billerica most desirable townhouse complexes.Plenty of visitor parking. If you don't want to climb any stairs and/or would love to have an 18 hole golf course at your disposal, this is the place for you.
Open House
Sunday
November 12 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 53 Baldwin Rd., Billerica, MA 01821    Get Directions






Tags: Real Estate   Condo   Open House   Billerica   01821  
Categories: Open House  


Posted by New Age Real Estate on 11/10/2017


50 McDonald Rd., Wilmington, MA 01887

Single-Family

$559,900
Price

8
Rooms
4
Beds
2
Baths
This does not feel like a split Completely renovated with the highest quality materials & workmanship. See all the new homes being built up the street priced over $700K & then see this house. ALL THE FOLLOWING NEW IN 2017: Septic system, Heating system, Central Air , Electrical, Vinyl Siding, Roof with 30 year architectural shingles, Granite Counters throughout, Kitchen cabinets & vanities, Hardwood Floors on main level, Tile on level 1, No carpet in house. Harvey windows, SOLID wood doors, Deck, Paint, Garage door with Electronic opener, Both baths with whirlpool tubs, Front steps, Walkway, Landscaping. LED Recessed lighting, Gutters, Slider,Tankless On Demand water heater. 4 bedrooms, 2 full baths, Granite counters in kitchen & both baths, stainless steel appliances, recessed lighting in living, dining & family rooms, overhead lighting in bedrooms. large deck, pull down attic for storage, ample closet space. Large yard. New public road to be built.
Open House
Sunday
November 12 at 10:00 AM to 12:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 50 McDonald Rd., Wilmington, MA 01887    Get Directions

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Categories: Open House  


Posted by New Age Real Estate on 11/10/2017

Staging a home requires a seller to think about how to differentiate his or her residence from others that are currently available. Fortunately, a home staging checklist can make it easy for a seller to ensure his or her house stands out from the competition.

A home staging checklist allows a seller to take a step-to-step approach to enhance his or her house's appeal, which may lead to a fast, profitable home sale.

In addition, this checklist is simple to create and may include the following items:

1. Removing Clutter

Although you likely have collected a variety of antiques, artwork and other attractive items over the years, you may want to remove some of these belongings from your house. That way, you can help homebuyers envision what their lives may be like if they decide to purchase your residence.

Remember, the goal of a home seller is to stir up substantial interest in a house. If you eliminate clutter from your home, you can enable homebuyers to see exactly what your residence has to offer and help them make an informed purchase decision.

To remove clutter from your home, you may want to host a yard sale or sell excess items online. You can always donate excess items to local charities or give them to family members or friends too. Or, if you want to keep all of your belongings, you can put various items in a storage unit until your residence sells.

2. Cleaning a Home from Top to Bottom

An immaculate residence is sure to garner substantial interest from homebuyers. Thus, if you clean your home from top to bottom, you can increase the likelihood that your residence will make a positive first impression on potential buyers.

Go room by room and clean as much as possible. If you require extra assistance, you can hire a professional home cleaning company as well.

3. Collaborating with a Real Estate Agent

If you need expert guidance as you sell your residence, you should hire a local real estate agent.

A real estate agent is a difference-maker throughout the home selling journey. This housing market professional can help you stage your home, along with provide real estate market insights that you may struggle to obtain elsewhere.

When it comes to home staging, it often pays to collaborate with a real estate agent. In fact, a real estate agent will learn about your house and offer personalized home staging recommendations.

Furthermore, a real estate agent understands the ins and outs of selling a house and can help you make tough decisions throughout the home selling journey. He or she can work with you to determine an initial asking price for your residence, whether to accept an offer a home and much more. Also, if you ever have home selling concerns or questions, a real estate agent is happy to respond to them at any time.

Take the guesswork out of staging your residence include the aforementioned items in your home staging checklist, and you can quickly and effortlessly get your house show-ready.