Fitzgerald and Associates Real Estate



Posted by Fitzgerald and Associates Real Estate on 7/21/2017

When it comes to buying a home, there is no reason to let negotiations get the best of you. Fortunately, we're here to help you become an expert negotiator, i.e. someone who understands the ins and outs of obtaining a high-quality residence at a budget-friendly price.

What does it take to become an expert homebuying negotiator? Here are three negotiating tips that every homebuyer needs to know:

1. Act Quickly on a Home That You Like

If you fall in love with a home and are ready to make an offer on it, don't hesitate to put your best foot forward. Submit a competitive offer, and you may be able to avoid stressful negotiations with a home seller.

Understanding the true value of a residence is paramount for homebuyers. Conduct plenty of housing market research before you submit an offer, and you can better understand the prices of comparable houses in your area.

Also, if a home seller counters your initial offer, don't be afraid to negotiate. Be flexible, and you can boost your chances of securing your dream residence.

2. Do the Math

How much can you afford for a new home? You'll want to establish a homebuying budget before you enter negotiations with a home seller. Otherwise, you risk spending too much to acquire a residence.

Getting pre-approved for a mortgage may make it easy for you to avoid the temptation to overspend. With a mortgage in hand, you can search for houses that fit your price range.

In addition, be sure to account for closing costs and other fees that you may encounter down the line. If you fail to do so, you may wind up overspending on a residence.

3. Collaborate with a Real Estate Agent

Homebuying negotiations can be time-consuming and expensive if you're not careful. Thankfully, real estate agents are available who can negotiate with a home seller on your behalf.

Hiring an experienced real estate agent usually is a good idea, particularly for first-time homebuyers. Stress and anxiety can be problematic during homebuying negotiations, but a real estate agent will ensure that you won't have to deal with these issues.

Your real estate agent has a simple goal: to ensure that you can purchase the best house at the best price. He or she will go above and beyond the call of duty to accomplish this goal. As such, employing a real estate agent to handle homebuying negotiations can make a world of difference for homebuyers nationwide.

Furthermore, your real estate agent will keep you informed throughout negotiations. This real estate professional will offer expert tips and recommendations and will never make a move without consulting with you. Perhaps best of all, your real estate agent will be happy to answer any of your homebuying concerns and queries, guaranteeing that you can make informed decisions throughout the homebuying process.

Work with a real estate agent as you prepare to enter negotiations to purchase a residence. By doing so, you can simplify the process of going from homebuyer to homeowner.




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Posted by Fitzgerald and Associates Real Estate on 7/14/2017


72 Minot St, Reading, MA 01867

Multi-Family

$599,900
Price

2
Units
2,196
Approx. GLA
IDEAL location for commuters in to Boston! Less than a one minute stroll to the commuter rail in to North Station - and within a 5 minute drive to both Route 95 and Route 93!! Downtown Reading is a quaint small town vibe with amazing coffee shops, boutiques and restaurants ~ all within a one mile radius of this property! Aside from the fantastic location, this property has been thoughtfully updated with the newer Harvey windows, FHA-Gas heating system, roof (8 yrs old) and back deck stairs. Both units have flexible floor plans. The second unit has a bonus sun room off the master bedroom (could be used as an office, walk-in closet etc) ~ dining room used to be a bedroom with double doors to the living room. 1st floor tenant TAW pays $1400 and includes just water. BUYER WALKED!! Here is your second chance! Open house this weekend!
Open House
Saturday
July 15 at 11:00 AM to 12:00 PM
Two family in Reading within seconds to the commuter rail! Downtown Reading is in your front yard with restaurants and stores. Won't last! Only open house is this one! Offers to be reviewed on Sunday!
Cannot make the Open Houses?
Location: 72 Minot St, Reading, MA 01867    Get Directions






Categories: Open House  


Posted by Fitzgerald and Associates Real Estate on 7/14/2017

Buying a new home is an exciting prospect. Touring a house can feel like walking around your favorite store, picking out all of the things you love. It's easy to get distracted by things like fresh paint or nice furniture and forget to look for important structural aspects of the home that can make or break a deal. Most sellers will be honest and straightforward with you about the state of the home. In some cases, they are required by law to inform you about costly issues with the home (lead paint or sewage issues, for example). Other times, a seller is under no legal obligation to inform you about potential problems with the home. In these instances, you'll need to rely on your own senses. To help you out, we've compiled a list of the top ten red flags to beware of when buying a home.

  1. Fresh paint  It's common practice when selling a house to put a fresh coat of paint on the walls. It's an inexpensive way to spruce up the home for potential buyers. Sometimes, however, the paint is used as a quick fix for hiding more serious issues. Water damage, mold, and mildew can all be covered up, momentarily, by a coat of paint.
  2. Strong odors We say "strong" rather than "bad" odors because sometimes someone selling a home will try to mask bad smells with air fresheners or candles. Bad smells in a house can be the result of plumbing issues, humidity, indoor smokers, water damage, pet urine, uncleanliness, and any number of undesirable things.
  3. Bad roofing Missing, broken or stacked shingles are all signs that the roof is in need of repair--a costly fix you probably want to avoid if buying a new home.
  4. Cracked foundation A damaged foundation could be a sign of serious structural problems with the house. Especially in sloped areas, cracked foundations can lead to water damage in the basement.
  5. Poor wiring  Don't be afraid to ask to test out the lights and outlets in a home or take a look at breaker boxes. Flickering lighting and faulty outlets are signs that a home is in need of electric work.
  6. Pest issues  Many people underestimate the power of insects when it comes to damaging a home. Wood-eating termites and carpenter ants can both devastate the structure of a home and usually results in an expensive repair. Noticing ants is a huge red flag, but if you suspect a home could have an infestation for any reason try to get it inspected by a pest control firm before you make the deal.
  7. Locked doors and off-limit rooms  When touring a home there should be no areas that you aren't allowed to see. A locked door or "do not enter" sign are all red flags that the seller may be hiding something in that room.
  8. Leaking faucets Small plumbing issues like leaky faucets or toilets that run excessively are signs that there could be even larger issues with the plumbing in the house.
  9. Deserted neighborhood Multiple homes for sale in the neighborhood, deteriorating buildings and closed businesses are all signs of a problem neighborhood. It could be due to economic issues or a decaying community, but either way these are things you'll want to consider before moving into a new neighborhood.
  10. Defective windows  Windows that are sealed shut, fogged up, or won't open or close are all signs of costly repairs. You're going to depend on windows for the security of your home, lighting and aesthetic, and to a minor degree for retaining heat. They should all function properly.





Posted by Fitzgerald and Associates Real Estate on 7/7/2017

Aside from your realtor, your lender will be one of the people that you work the most closely with when you’re buying a home. Before you even sign on with a lender, there’s a few questions that you should ask. Don’t feel pressure from a certain lender before you understand what their areas of expertise are. You don’t want to end up with homebuyer’s remorse because you didn’t do the right research before you signed the deal on a home.   


Can You Tell Me About Programs For First Time Homebuyers? 


There are so many great programs for first-time homebuyers. If the lender you choose can’t help you with these programs, maybe this isn’t the right lender for you. If your lender lacks knowledge in the areas that you need, you probably want to shop around.


How Can You Help Me Qualify For The Loan I Need?


Many times, loans have very specific qualifications that you need to meet. Even if you think you might not meet those requirements due to things like a low amount of down payment or a job change, your lender can often help you to find the details in your situation to help you qualify for a loan. For example, you may have recently changed jobs, but if you have stayed in the same field, your lender can help you to explain these circumstances so that you can still qualify for the loan. 


Are There Downpayment Assistance Programs Available?


There are also many programs and loan types available to help buyers get a home with less than a 20% downpayment. Some loans offer good interest rates with less than a 20% downpayment. There are also many grants and downpayment assistance plans available. It’s important to ask questions to know the right information for your loan circumstances.


What Fees Do You Charge?


Some lenders do charge an array of fees. You don’t want to sign on with a lender and then close on the loan, only to find out that you’re knee-deep in fees in addition to all of the closing costs that you have to pay along with the home purchase. 


How Will You Communicate With Me


Just like your Realtor, it’s important that your lender communicates with you in a timely manner. Buying a home requires that documents and offers are in on time to secure your home. Don’t let anything fall through the cracks by hiring people on your home search that may lapse in their communication with important information.




Tags: mortgage lenders   loans  
Categories: Uncategorized  


Posted by Fitzgerald and Associates Real Estate on 6/30/2017

Homeowners insurance is necessary, but that doesn't mean you should be forced to pay an exorbitant amount for it. Instead, you can take advantage of the following money-saving tips to lower your monthly homeowners insurance premiums: 1. Bundle Your Homeowners and Auto Insurance. In many cases, you can bundle your homeowners and auto insurance to save money. This will allow you to cut costs and leverage the same insurance company for both your homeowners and auto insurance policies as well. If you already have auto insurance and are looking for home insurance for your new residence, be sure to discuss your plans with your auto insurer. By doing so, you may be able to bundle your homeowners and auto insurance and lower your insurance premiums for years to come. 2. Explore All of the Options at Your Disposal. When it comes to finding homeowners insurance, there are plenty of fish in the sea. Thus, you're sure to discover many great options at your disposal, all of which you should explore before you decide on a homeowners insurance provider. With homeowners insurance, you should try to conduct plenty of research. And remember, the most affordable option may not be the best option based on your homeownership needs. Therefore, homeowners who do their homework will be able to review all of the options at their disposal and make an informed decision about their homeowners insurance. 3. Exclude Land Value from Your Homeowners Insurance Policy. Your homeowners insurance may include the value of your land as well as your residence. In this scenario, you may want to consider removing the land value from your policy. With homeowners insurance, you'll want to ensure that your residence and its contents are fully covered. That way, these items can be replaced if they are damaged. On the other hand, you may not need replacement coverage for your land. Before you exclude land value from your homeowners insurance, however, you'll want to discuss the pros and cons of doing so with an insurance agent. This professional will be able to outline how much money you can save by making this change, along with the short- and long-term ramifications of this decision. 4. Increase Your Deductible. Boosting your homeowners insurance policy's deductible likely will result in a drop in your monthly premium. At the same time, it is important to consider the trade-off that takes place if you make this change to your policy. A higher deductible means that you'll be required to pay more out of pocket if and when a claim is filed. As such, you should weigh the immediate cost savings versus the long-term value of increasing your deductible before you finalize your decision. Homeowners insurance can be tricky to understand, but insurance agents can help you discover the best ways to lower your monthly premiums. Ask your insurance agent for help with your homeowners insurance, and ultimately, you can work with this professional to find solutions to help you save money on your insurance premiums.







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