Coldwell Banker Murray Real Estate



Posted by Coldwell Banker Murray Real Estate on 3/31/2020

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The home you've been searching for is on the market, and now you’re ready to buy it. But can you afford it? How do you know? The internet is filled with mortgage calculators to help you determine what your mortgage payment will be. You simply plug in the numbers — the selling price, interest rate, down payment amount — and voila! Out pops your payment amount for the next 30 years.

Closing Costs

Your mortgage payment, with principal and interest, might tell you what to expect to pay the bank but multiple other factors add to the cost of homeownership. First, you'll have closing costs. Your real estate professional can give you an approximation of what these may be but the exact numbers won't be available until the closing is official. Closing costs include things like points and prepaid interest based on the day the loan closes.

Taxes

While you may know your tax costs for the first few months of homeownership, changes in levies, tax rates, and property evaluations can raise rates unexpectedly. If your home is in a developing community, costs of roads, streetlights, and other infrastructure get passed to homeowners in the form of special assessments, taxes, and fees.

Homeowner Association Fees

When your community has shared property such as playgrounds, pools, parks, and clubhouses, expect to pay monthly homeowner association (HOA) dues. These may come as a separate bill or be paid from an escrow account that your bank sets up. Like taxes, homeowner association dues and fees may raise each year to compensate for inflation or maintenance needs. If your HOA takes care of fences, roofs, and building exteriors, be prepared for periodic assessments. This may happen more frequently if your home is in a storm-prone area since wind and hail can cause considerable damage.

Periodic Maintenance

Whether you have an HOA or not, your home requires regular maintenance. When this is your first time as a property owner, you might not realize all the things covered in your rent. You'll have annual inspections to your heating and air conditioning systems, checks on your in-ground sprinklers, and pest control. You’re also responsible for attending to leaky faucets and running toilets, replacing the HVAC filters, replacing batteries in smoke detectors, and repairing anything that breaks.

When you’re ready to start shopping, your professional real estate agent can help you understand the costs as well as the advantages that come with homeownership in your area.





Posted by Coldwell Banker Murray Real Estate on 3/24/2020

If you’re making the transition from renting an apartment to buying a home, it can be difficult to ensure you have a place to stay while you search.

There are a number of reasons you may need temporary housing while house-hunting. Maybe you’re moving to a new state and need temporary housing while you search in the area. Or, maybe you just don’t want to sign a year-long lease on a new apartment that you don’t plan on staying in for a full year.

Regardless of the reason, we’ve got you covered. In this article, we’re going to talk about how to find temporary housing while you navigate your way toward homeownership.

Short-term rentals and sublets

One of the most convenient way to rent an apartment while you search for a home is to simply find short-term rentals.

Landlords use leases for a number of reasons. Among them is knowing that they can count on a tenant to stay long enough to be worth the hassle of going through the rental process.

However, there are some landlords who cater to people who need to rent for only a certain amount of time--namely business professionals and college students. Landlords rent to these people with short-term leases because they are certain that they will get the full lease amount in pay.

Similarly, searching for sublets is a good way to find an apartment on the short-term. Sublets are often cheaper than their normal renting price because the tenant needs to find someone soon. You’re especially likely to find a sublet if you plan on moving in May or June when college students are going home for the summer.

Another service that could be helpful is Airbnb. Many people think of Airbnb as a tool for finding a vacation home or spare room while traveling. However, there are also a number of short-term rentals on the site. You can simply enter the dates you’re planning on staying and compare results. Just be sure to read reviews of the house to be sure that you’re dealing with responsible and trustworthy property managers.

Words of caution

While short-term rentals can save you money while you search and help you avoid a lease, they do come with risks. For example, if renting off of Craigslist, never send sensitive data, payments, or bank account information before verifying that they are actually the manager of the property.

If you do decide to sublet an apartment, take photos when you move in so that tenants or landlords don’t try to hold you liable for any damage caused before or after you leave.

Finally, if you decide to go with a service like Airbnb or extended stay hotels because they appear cheaper than renting, remember that you won’t be able to store your belongings there and might have to pay for storage and a moving truck to transport your belongings. These extra fees can add up quickly over a couple months.

Once you’ve determined your options for temporary housing, hunting for your new home will become much easier.




Tags: house hunting   renting   sublet  
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Posted by Coldwell Banker Murray Real Estate on 3/17/2020

Selling a house may prove to be a long, complicated process. Fortunately, those who craft a house selling strategy can determine the steps they will need to take to accomplish their desired results.

A home selling strategy may prove to be a must-have. Because if you enter the real estate market with a plan in place to sell your residence, you could boost the likelihood of getting the best price for your home.

Ultimately, there are several factors you need to consider as you develop a house selling strategy, and these include:

1. Your Home's Condition

For those who want to speed up the home selling journey, it generally helps to perform property upgrades. That way, you can ensure your house stands out to dozens of potential buyers.

To upgrade your home's curb appeal, you should mow the lawn, trim the hedges and repair any cracked or damaged siding. These improvements usually are simple to complete and may help you make your residence more attractive than comparable available houses.

Meanwhile, to enhance your home's interior, you should clean as much as you can. With a neat, tidy home interior, your house can make a positive impression on buyers as soon as they walk through the front door.

2. Your Initial Asking Price

The initial asking price for your home may have far-flung effects on your house selling experience. Because if your initial home asking price is too high, you risk alienating potential buyers. Worst of all, your home may linger on the real estate market for many weeks or months, and you may need to lower your residence's price to facilitate a sale.

To price your home competitively, it typically is helpful to study the local housing sector. Find out how your residence stacks up against comparable available houses in your area, and you can determine how to price your home.

You also may want to conduct a home appraisal. By doing so, you can obtain a property valuation to help you decide the optimal initial home asking price.

3. Your Home Selling Timeline

Consider how much time you have to sell your residence – you will be happy you did. If you understand your house selling timeline, you can find ways to maximize the time and resources at your disposal.

If you need to move from your current home as soon as possible, for instance, you may need to be aggressive to promote your residence to buyers. On the other hand, if you can afford to be patient, you may be able to take a wait-and-see approach to obtain the best-possible offer to purchase your residence.

Lastly, as you get set to sell your home, you may want to hire a real estate agent. This housing market professional can teach you what it takes to sell a home in any city or town. He or she will even help you craft an effective house selling strategy, thereby ensuring you can quickly and effortlessly sell your house any time you choose.




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Posted by Coldwell Banker Murray Real Estate on 3/10/2020

Homeowner’s insurance allows you to have financial protection if your home or the contents of your home have been damaged. If you or your family member are held legally responsible for injuries that have occurred on your property, you are also protected. Insurance is generally required by most mortgage lenders in order to secure a loan. 


There are many different types of insurance policies that you can use to cover your home. You can get anything ranging from a basic insurance policy that just covers your home overall or you can go for broader protection for your home. The types of coverage that you can get will vary from state to state.


Natural Disasters


Most insurance policies will cover damage caused by fire, wind, lightning, theft, or vandalism. Floods and earthquakes typically require additional coverage, so if you live in an area that is susceptible to these issues, then you should inquire about additional coverage. 


The Standard Policy


Most insurance policies include certain basic coverages like dwelling coverage which is the allowance for you to either repair or rebuild your home. This includes the electrical systems, the plumbing systems, and the HVAC systems. You need enough coverage for your home in order to rebuild in the event that such an event would cause a need for it. Your insurance agent can help you to find a comfortable number that will allow you enough coverage for rebuilding.


Standard coverage also may include “other structures” which can include fences, garages, cottages, and sheds. You’ll also be covered for your personal property which includes clothing, furniture, and electronics that may be damaged in your home due to theft or disaster. 


Loss Of Use Coverage


This type of coverage will pay for your living expenses if you need to move out of your home while it’s being rebuilt or restored. This would allow you to find alternative arrangements when you need it most, so it’s an important aspect of home insurance coverage. 


Liability Coverage


This coverage is one of the most important aspects of purchasing home insurance. Having liability will help to protect your assets and cover defense costs in the event that you have been held liable for causing and injury to other people or property. 

Additional Coverage Options


There are many different types of additional coverages that you can add to your homeowners insurance policy to help you get the right umbrella of coverage for you.




Categories: Uncategorized  


Posted by Coldwell Banker Murray Real Estate on 3/6/2020

This Single-Family in Yarmouth, MA recently sold for $409,000. This Ranch style home was sold by - Coldwell Banker Murray Real Estate.


88 Indian Memorial Drive , Yarmouth, MA 02664

South Yarmouth

Single-Family

$429,000
Price
$409,000
Sale Price

3
Beds
5
Total Rooms
1/1
Full/Half Baths
Move Right In, a beauty of an L shaped Ranch sitting back off the road, this is a very special house..on a hard to find privacy lot, a updated kitchen and baths, hardwood floors open floor plan, new baths, new kitchen, with gas fireplace. The back patio offers amazing privacy. Finished basement and laundry room, plus a 1 car garage. Brand new roof! a few doors to Wing Groves Beach on Long Pond, great for kayacking and swimming.. just a few doors down. Natural Gas fireplace,, and wall unit ac..Has solid rental history too!

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