Fitzgerald and Associates Real Estate



Posted by Fitzgerald and Associates Real Estate on 7/20/2018

Buying a house is arguably the most expensive purchase most people will make in their lives. With real estate prices steadily rising year after year, many Americans are finding ways to save on housing.

At the same time, rent prices too are increasing, especially around metro areas where many young Americans are entering the workforce. With costs rising and wages stagnating, it can be hard to find an affordable place to live while still building equity that can be used later on down the road.

One option that many Americans are considering is the fixer-upper route. However, it takes know-how and a lot of hard work to make this method a good choice to save you money. In this article, weíll tell you how to make certain buying a fixer upper is a good idea and what costs you can expect along the way.

Adding up the costs

Buying a house that needs work means youíll need to spend a good amount of time calculating costs and getting quotes from professionals. Even if youíre familiar with several home maintenance tasks, there are some jobs that are safer if left to the pros. This isnít only a matter of physical safety, however. If you start a job that you arenít qualified to finish you could end up paying much more than if you had just hired a licensed professional to do the job in the first place.

When estimating costs for reparations and renovations, aim high. Itís better to plan for it to be more expensive and have more left over than to underestimate your projects and go over budget.

Get an inspection report

If you arenít sure whether or not you want to go through with a deal, make sure you have an inspection contingency clause in your contract. This will enable you to back out if the home inspector makes you aware of any costs that you werenít told about by the seller.

Donít forget added costs

There are several closing costs youíll be responsible for as a buyer. Make sure you keep tabs on how much you can expect to spend closing on the home. If youíre going through a mortgage lender, they are required to give you an estimate of closing costs.

Once you know the purchase price of the home and the closing costs, make sure you account for other aspects of your renovations, such as getting required permits.

Borrow wisely

If you do plan on taking out a loan to cover the cost of renovations, be smart with how you get and pay back that money. One option is the FHA 203(k) loan or renovation loan.

Renovation loans help you save on closing costs and simplify the lending process by giving you one loan that accounts for the cost of the renovations and of the home itself.





Posted by Fitzgerald and Associates Real Estate on 7/13/2018

If you are preparing to sell your house, you need to be honest with yourself and others. That way, you can increase the likelihood of a fast, profitable home selling experience.

Ultimately, it pays to be an honest home seller for a number of reasons, including:

1. You can establish a competitive price for your house.

It is important to understand that what your house is worth today is unlikely to match what you paid for it, regardless of when you bought your home. Fortunately, an honest home seller is realistic about his or her house's value and can plan accordingly.

Generally, an honest home seller will allocate the necessary time and resources to conduct a home appraisal. Because with an appraisal report in hand, this home seller can establish a competitive price for his or her house based on actionable data.

2. You can identify home problems before a buyer does.

If a home seller tries to hide home problems from a buyer, the consequences could be significant. In fact, a seller may put a potential home sale in jeopardy if he or she fails to be forthright and honest with buyers from the get-go.

For example, consider what might happen if a buyer submits an offer on a house and discovers myriad home problems during an inspection. In this scenario, a buyer may ask the seller to perform various home repairs or request a price reduction. Or, a buyer may choose to walk away from a home sale altogether.

As a home seller, it helps to take an honest approach to inform potential buyers about the condition of a house. If a residence requires assorted repairs, a seller may want to complete these repairs before listing his or her residence.

Comparatively, a seller can always include information about a home's condition in a house listing. If a seller does so, he or she can help buyers make an informed decision about a possible home purchase.

3. You can avoid rash decisions throughout the home selling journey.

An honest home seller usually is calm, cool and collected throughout the home selling journey. This seller understands the pros and cons of his or her house, and as such, can take an informed, logical approach to make the best-possible decisions.

Perhaps most important, an honest home seller is unafraid to receive negative feedback about his or her house. As a result, this seller may be better equipped than others to avoid rash decisions during the home selling journey.

There are many great reasons why a home seller should strive to be honest at each stage of the home selling cycle. Of course, if you need extra help as you sell your house, you may want to hire a real estate agent as well.

Typically, a real estate agent will provide honest, unbiased home selling recommendations and suggestions. He or she will even help you get your house ready for the real estate market. And with this housing market professional's support, a home seller can move closer to achieving his or her desired results.




Categories: Uncategorized  


Posted by Fitzgerald and Associates Real Estate on 7/6/2018

If you recently listed your home, you may expect many offers to purchase to come your way in the near future. However, the house selling journey can be difficult to navigate, and there are many signs that indicate offers to purchase your home may be unlikely to arrive any time soon. These signs include:

1. Homebuyers are not scheduling showings.

Homebuyers often set up showings to view residences. And if buyers like what they see during a showing, these individuals may request a second showing or submit an offer to purchase a house.

Comparatively, a seller who receives no home showing requests for many days, weeks or months after listing a residence may be in trouble. This seller may need to perform home upgrades to help his or her residence stand out from the competition. Or, the seller may need to lower his or her house's initial asking price.

2. Homebuyers are not attending open houses.

An open house event is designed to provide buyers with an enjoyable experience. The event allows buyers to walk through a residence at their own pace. And if a buyer likes a house, he or she may request a one-on-one showing or submit an offer to purchase.

On the other hand, if no buyers attend an open house, a seller may need to modify his or her property selling strategy. This individual should consider the buyer's perspective closely and think about why buyers may choose to avoid his or her residence. Then, the seller can tweak his or her house selling strategy accordingly.

3. Comparable houses in your area continue to sell.

If a seller finds his or her residence lingers on the real estate market while similar houses sell quickly, there may be one or many problems with this individual's house. Although a seller may wonder why his or her house fails to stir up interest from buyers, a real estate agent can offer expert support. In fact, a seller can work with a real estate agent to determine the best course of action to promote his or her house to the right buyers.

Typically, a real estate agent meets with a house seller and helps this individual craft a property selling strategy. A real estate agent and home seller work hand-in-hand to figure out how to list a house, showcase it to buyers and maximize the residence's value. And when a real estate agent and home seller put a home selling plan into action, the results can be significant.

Let's not forget about the support that a real estate agent provides once a seller receives an offer to purchase, either. At this point, a home seller may be uncertain about what to do. But a real estate agent will help a home seller review all possible options and make an informed decision.

Simplify the house selling cycle Ė hire a real estate agent, and you can get the help you need to generate interest in your home as soon as it becomes available.





Posted by Fitzgerald and Associates Real Estate on 7/3/2018

This Single-Family in Methuen, MA recently sold for $320,000. This Split Entry style home was sold by - Fitzgerald and Associates Real Estate.


112 Baltic Street, Methuen, MA 01844

Single-Family

$314,900
Price
$320,000
Sale Price

4
Rooms
3
Beds
1
Baths
I dare you to find another home at this price point with similar upgrades and features. Will it have a remodeled kitchen, granite countertops, stainless appliances, updated flooring, cathedral ceilings, recessed lighting, gas - heating, tankless water heater, surround - sound, AND be convenient to area shopping, dining, and commuter routes? Well, this one has it all - and then some! There are tons of outdoor entertainment options with not one but TWO paver patios, in addition to the elevated deck with direct access to the kitchen. Your lifestyle will flow easily beyond your property lines by enjoying the area amenities including the Methuen Rail Trail, Methuen Memorial Music Hall, The Loop Shopping Mall, nearby Canobie Lake Park, and much more! There are too many upgrades and features to list so you'll have to check it out for yourself but be sure to bring your realtor with you because this home will not last!

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Categories: Sold Homes  


Posted by Fitzgerald and Associates Real Estate on 6/29/2018


23 Carney St, Medford, MA 02155

Multi-Family

$699,900
Price

2
Units
2,112
Approx. GLA
OPEN HOUSE SUNDAY 7/1 12-1:30! Wonderful Haines Square location! close to Fellsway West. Easy access to all major routes, trains & buses. Walk to playground (Morrison Park), located on dead end street. Standard 11 room 2 family, first floor features eat in kitchen, 2 bedrooms, newer bath, dining room and big living room! 2nd floor features, 3 season porch, eat in kitchen, 3 bedrooms, newer bath, dining room and living room. Access to full walk up attic as well. The basement is full size with great ceiling height. Additional storage under rear porch. Nice yard fenced with fragrant lilac bushes. An incredible family home, well maintained over the years with hardwood floors, newer roof, vinyl siding & newer vinyl windows, separate utilities. New heating system installed in 2018. Currently occupied, please do not go on property without an appointment. Award winning Medford Vocational School.
Open House
Sunday
July 01 at 12:00 PM to 1:30 PM
Customers and agents welcome. This is the only scheduled group showing. Offers presented Sunday evening.
Cannot make the Open Houses?
Location: 23 Carney St, Medford, MA 02155    Get Directions

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Categories: Open House  




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