Duarte/Downey Real Estate Agency, Inc



Posted by Duarte/Downey Real Estate Agency, Inc on 8/6/2017

Whether youíre buying or selling a home, one of the most important parts of the process is the negotiation phase. This means different things whether youíre buying or selling a home. When youíre selling a home, youíre usually looking to get the most money for your home that you possibly can. If youíre buying a home, you want the lowest possible price for the home. Hence, the reason for real estate negotiations. Buyers and sellers must meet somewhere in the middle. For your consideration, weíll break down some of the most important aspects of the real estate negotiation process. The Cost Means Different Things As we stated above, buyers want the lowest price, while sellers want the highest price possible for a home. Whatever side youíre on, expect to meet somewhere in the middle. The price of the home has to make sense for both sides. The seller wants the sale of their home to make sense financially and the buyer wants to home to fit into their budget while getting the things they desire out of the home. The Financing Process Is Complicated If you have your mortgage fully approved prior to making an offer, youíll be able to shorten the closing time of the home. The reason for this is that the preapproval shows that all of the buyerís finances are in order and there will be no financial problems in the transaction. Sellers often prefer these buyers since they can be trusted to close properly and there wonít any issues with the real estate transaction. The property also wonít be on hold for months on end. The Date Of Closing Matters If sellers need to get their home off of the market fast, they can negotiate when the closing date will be. As a buyer, this matters because the next monthís mortgage payment is skipped once you close on a house. The closing date affects when exactly this payment doesnít need to be made, which can have a positive effect on your finances when itís timed right. Closing Costs Are Actually Paid Upfront Escrow is when the mortgage company holds the money for taxes and insurance, which is the prepaid closing costs. Buyers sometimes ask sellers to pay a portion of the closing costs. This could be a flat fee or up to 3 percent of the included mortgage. This could all have an effect on the asking price for the home. Just Like A Car, Homes Can Come With Warranties Buyers can ask for a warranty on the home, or the seller can offer one. This warranty typically covers the homeís appliances and utility systems. This provides a protection if things like the air conditioning or the dishwasher break after a certain period of time and need repair. This may make the home extra enticing to buyers and give sellers an advantage to get their home off the market quickly.





Posted by Duarte/Downey Real Estate Agency, Inc on 7/30/2017

Buying a home may seem like a smart financial move. However, it may not always be the right time or the right move for you. While buying a home is a great investment, you may not be ready to buy a home of your own. The following questions should help you to determine whether or not you are fully ready to buy a house in the near future.


How Much Money Do You Make? How Much Have You Saved?


buying a home is a significant expense. First, youíll need quite a large sum of money for a downpayment and closing costs on the home. Second, to get approved for a mortgage, the lender will look at every part of your finances from your income to your assets. Once the home is purchased, youíll also need quite a bit of capital for expenses including insurance, taxes, HOA fees, emergency funds, utilities, and furniture. You donít want to buy a home only to be overwhelmed with costs. You want enough of a financial cushion to enable you to furnish your home, decorate your home, and not have a completely empty bank account. Thatís why you should make sure that you do make enough money to buy a home.



How Much Debt Do You Have?


If you have established that your income is enough to buy a home, the next thing that you need to establish is that your debt isnít too high. Before you enter into the adventure of homeownership, youíll need to make sure that your bills are under control. These expenses include things like car loans, student loans, and credit card bills. Your lender will put your debt into consideration as a part of your entire financial picture. Your debt (including your proposed mortgage payment) should be less than around 36% of your gross income. Before you take the leap into buying a home, youíll need to make sure that your debt is under control. If you need to take a step back and pay your bills down before you start house hunting, you should as it will make buying a home easier for you.


Are You Seasoned At Your Job?


In order to secure a mortgage for a home, youíll need to show that you have been at the same job for a certain period of time. Your average income will probably be calculated based on how long you have been at the company and your job history. You should be able to explain any income gaps, changes in positions or companies. Otherwise, youíll appear to be an unstable person to lend to. Lenders want to know that youíll have a steady, stable income.


How Is Your Credit?


In order to secure a mortgage, youíll need to have a good credit score. Check on your credit report when you begin thinking about buying a home. If your credit is on the low side, youíll want to work on bringing that score up. 


     




Tags: Buying a home   finances  
Categories: Uncategorized  


Posted by Duarte/Downey Real Estate Agency, Inc on 7/23/2017

Stylish, comfortable furniture brings out so much of your house's personality. Great furniture also shows off your own unique personality. With the right furniture, benefits continue to multiply. The right furniture can last years. It also serves multiple purposes.

Furniture options are growing but so are furniture prices

A chic sofa bed works as an entertaining and a sleeping piece. Because of its functionality, it's also a natural space saver. The same goes for coffee tables that are designed with pull out storage drawers. Fortunately, brick and mortar as well as online furniture retailers are offering more furniture options.

What a lot of furniture retailers aren't doing is lowering the cost of furniture. On the less expensive end, it can cost several hundred dollars to furnish one room in a house. For those with pricier taste, it's easy to spend several thousand dollars to furnish and decorate a single room.

Inexpensive ways to furnish your home

Just because furniture is expensive, that doesn't mean that you can't design the interior of your home the way you want. Looking to save money? Check out these inexpensive ways to furnish your home:

  • Let relatives and friends know that you are open to accepting furniture to design your first house with. For example, you could remove a used living room set from a cousin's house for free and use the furniture in your home.
  • Thrift stores are other great places where you can get inexpensive furniture. Charities operate some thrift stores. These stores carry affordable furniture and clothes. You can also find home decorations like silk bouquets, lamps and artwork at thrift stores.
  • Visiting flea markets is similar to stopping by thrift stores, except there's generally a lot more space and items for sale at flea markets. Although you could find a new home decoration at a flea market,you'll generally walk away with a used item. But, that doesn't mean that the furniture that you find at a flea market isn't sturdy, reliable and attractive.
  • Online auctions is another of the inexpensive ways to furnish your first home. The aim is to furnish your first home. You can always upgrade your furniture later, after your income increases and you pay down your mortgage debt.
  • Another way that you could lower the cost of furnishing your first home is to buy furniture on a payment plan. Just make sure that you pay the furniture off before you have to start making interest payments, as interest on furniture payment plans can be hefty.

Openness leads to big savings when it comes to furnishing your home

Buy basic furniture to avoid going into debt after you buy a house. For example, you could make a sofa, kitchen table and chairs and a bed your basic furniture. Get the style, colors and size you want. Pay off your basic furniture before you add more furniture to your house.

As a first time homeowner, also stay open to other furniture options. This includes not turning your parents down should they offer to let you have their furniture,especially if your parents are determined to upgrade their housing. Remember, you may have plenty of opportunities to buy the posh furniture that you've wanted in a few years.




Categories: Uncategorized  


Posted by Duarte/Downey Real Estate Agency, Inc on 7/22/2017


1 Cooper Circle , Truro, MA 02666

Truro (village)

Single-Family

$899,000
Price

7
Total Rooms
4
Beds
3
Baths
Located in South Truro overlooking the famous Hopper House is this lovely 4 bedroom, 3 bath contemporary home with wraparound decks and screened porch. Mesmerizing views over the tranquil meadows between Fisher Beach and Ryder Beach and capturing the Hopper House in the distance can all be enjoyed from the light filled living room with lots of windows, vaulted ceiling and the quaint kitchen which has sliders that open to a beautiful screened porch on the expansive wraparound deck. There's a good sized master bedroom with master bath, second bedroom, lots of closets and full bath also on that second level. The first level encompasses 2 other bedrooms, full bath, utility room, lots of closets and a one car garage. A bonus separate building with electricity and windows is ideal for an
Open House
No scheduled Open Houses

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Tags: Real estate   Single-Family   02666   Truro  
Categories: Price Change  


Posted by Duarte/Downey Real Estate Agency, Inc on 7/17/2017


15 Meetinghouse Road , Truro, MA 02666

Truro (village)

Single-Family

$649,000
Price

5
Total Rooms
3
Beds
2
Baths
Water Views are seen from this high on a hill 3 bedroom 2 bath Contemporary home. Enjoy water views from your sun-filled living room with beautiful hardwood floors, lots of windows and sliders to a large deck for cookouts, entertaining or just relaxing. The bright dining area opens into the kitchen and just around the corner is the master bedroom with bath. A spiral staircase leads to a loft with even better views of the water and is ideal for office space or a peaceful place to unwind. On the entry level are 2 more bedrooms, full bathroom, utility room and a large mudroom to put your beach gear and bicycles.
Open House
No scheduled Open Houses

Similar Properties





Tags: Real estate   Single-Family   02666   Truro  
Categories: Price Change