Duarte/Downey Real Estate Agency, Inc



Posted by Duarte/Downey Real Estate Agency, Inc on 5/27/2018

Selling a home for the first time can be tricky. In fact, first-time home sellers often make mistakes that prolong the home selling process. Perhaps even worse, these errors may cause a home seller to miss out on opportunities to optimize the value of his or her residence.

Now, let's take a look at three common mistakes that first-time home sellers make, as well as ways to avoid these problems.

1. Setting an Unrealistic Initial Asking Price

Although you might have paid a hefty sum for your house a few years ago, what your home was worth then is unlikely to match its current value. However, if you set an unrealistic initial asking price for your residence, you risk alienating dozens of potential buyers.

Before you set a price for your house, it pays to perform plenty of housing market research. That way, you can see how your home stacks up against the competition and price it based on the current real estate sector's conditions.

Furthermore, you may want to conduct a home appraisal prior to listing your house. Following a home appraisal, you'll receive a property valuation to help you establish a competitive price for your residence.

2. Failing to Provide Full Details About Your House

No home is perfect, and a home seller who withholds information about his or her residence risks wasting precious time and resources. To better understand why this may be the case, let's consider an example.

If a home seller fails to include information about a faulty heating and cooling system in a home listing, a buyer will be unaware of the problem. A buyer then may submit an offer on this house that a seller accepts. But during a home inspection, a property inspector likely will discover the defective heating and cooling system, which leads the buyer to rescind his or her offer. And at this point, the seller will have to restart the home selling process from square one.

When it comes to selling a home, it helps to be honest. If you provide full details about your residence, you can help a buyer make an informed decision and reduce the risk of that a purchase agreement will fall apart after a home inspection.

3. Choosing an Ineffective Real Estate Agent

A real estate agent should have a seller's best interests in mind. As such, this housing market professional will collaborate with a seller throughout the home selling journey to ensure a seller can optimize his or her earnings.

Unfortunately, not all real estate agents possess the same skills. But if you evaluate a variety of real estate agents, you can increase the likelihood of finding one who matches or exceeds your expectations.

Employ a real estate agent with a proven reputation. And if you're uncertain about whether a real estate agent can help you achieve your home selling goals, it usually helps to request client referrals from this housing market professional.

Streamline the process of selling your home Ė avoid the aforementioned first-time home seller mistakes, and you can boost your chances of enjoying a quick, profitable home selling experience.




Categories: Uncategorized  


Posted by Duarte/Downey Real Estate Agency, Inc on 5/20/2018

Owning a second home or vacation home is the dream of many Americans hoping to retire in style. However, owning a second home can also be a huge financial asset and even an added form of income if youíre savvy with the rental process.

What stops most of us from buying a vacation home in our ideal getaway? The funding, of course. But, there are ways to plan ahead to ensure youíll be ready to take the plunge and purchase a second home when the time comes.

In todayís blog post, weíre going to be talking about the steps to buying a home away from home and give you some tip on how to accomplish this goal in the most financially-sensible way possible.

1.  Location is Key

When you buy a second home, you take on all the responsibilities of homeownership a second time. Since you wonít be around every day to tend to maintenance tasks and troubleshoot problems, you risk discovering costly repairs that could otherwise be avoided.

The most common issues to be concerned with are frozen pipes in northern climates, flooding in coastal areas, and problems like pests that can be found just about anywhere.

Depending on your budget, you might want a home you can drive out to on the weekends, meaning somewhere close by to your primary home. This option also makes it easier to stay up-to-date on home maintenance tasks before they become an issue.

2. Try before you buy

If your ideal vacation home is in an area youíre not totally familiar with, itís a good idea to visit the neighborhood, talk to the locals, and gain their perspective on the area before buying.

This trip will also give you a sense of what you can expect to spend each time you visit the home. And, if you plan on renting out the property when you arenít using it, youíll be able to gauge what a reasonable rent price is for the location.

3. Earning income from your vacation home

Making extra cash from a home that you get to use pretty much whenever you want. Sounds like a dream, right? It can be if done properly, but youíll need to ensure a few things before you can start earning income from your vacation property.

First, be aware that investment properties often require a larger down payment (typically 30%). Lenders also charge extra interest on homes that will be rented out.

Finally, there are local and state-level laws youíll need to adhere to. These laws are designed to protect your interests as well as the people who rent out your property, so make sure you use a standard rental agreement for your area.

4. Making an offer

Youíve been here before. Once youíve decided on a home, itís time to start crafting your offer and negotiating with the sellerís agent.

However, before you pick a number, do some research on all of the expenses youíll be paying on the house in question. Property taxes, homeowners association dues, utilities, and any other costs should be on your radar before determining if itís the right home for your budget.

Youíll also want to be aware of the stipulations of renting out a property you own. This includes reporting income from renting your home to the IRS.


Now that you know the steps youíll need to take to move toward your goal of buying a vacation home, youíll be better equipped to make decisions that are best for you and your familyís future.





Posted by Duarte/Downey Real Estate Agency, Inc on 5/16/2018


3-A Marshall Lane , Truro, MA 02666

Truro (village)

Land

$399,000
Price

Residential
PropertyType
4 Bedroom lot with Potential Views of the Pamet River. Convenient and close to Truro Center and Ocean and Bay Beaches. Pamet Harbor right around the Corner. Adjacent to this lot is a 3 bedroom home, potentially expandable to 5 bedrooms, directly on the Pamet River, being offered for $995,000. If buyer would like to purchase both this 4 bedroom lot and the adjacent lot and home next door, Seller would sell both for $1,200,000. What an amazing deal! Buyer to due there Due Diligence in purchasing this property.
Open House
No scheduled Open Houses

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Tags: Real estate   land   02666   Truro  
Categories: New Homes  


Posted by Duarte/Downey Real Estate Agency, Inc on 5/15/2018

This Single-Family in Bourne, MA recently sold for $379,000. This Cape style home was sold by - Duarte/Downey Real Estate Agency, Inc.


4 Crows Nest Drive , Bourne, MA 02532

Bourne (village)

Single-Family

$384,900
Price
$379,000
Sale Price

7
Total Rooms
3
Beds
2
Baths
Walk to Beach - Desirable Neighborhood! This beautifully updated Cape is situated on a corner lot in one of the most desirable neighborhoods in Buzzards Bay. Walk to Electric Ave Beach and the center of town from this nicely cared for 3 bedroom 2 bath home with attractively manicured landscape and yard, fabulous screened porch for relaxing on those summer days and nights. One car garage. The first floor has a wonderfully renovated kitchen open to the dining area and den with skylight and ceiling fan. Down the hall is a large master bedroom that's been transformed with a gorgeous gas fireplace for those cold nights, a newly renovated bathroom with tiled shower and granite counter and another den that could be an office. Upstairs has 2 large bedrooms with a bathroom in between.

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Categories: Sold Homes  


Posted by Duarte/Downey Real Estate Agency, Inc on 5/14/2018


7 Marshall Lane , Truro, MA 02666

Truro (village)

Single-Family

$995,000
Price

5
Total Rooms
3
Beds
2
Baths
This Charming, 3 bedroom 2 bath, Classic Cape Cod Getaway sits on a Cul-de-sac right on the Pamet River in highly desired South Truro. Sweeping Views of the Pamet River into beautiful Cape Cod Bay right from the deck makes this property unique and special. Enjoy quite summer days right from the living room of this property as it boosts walls of windows where you can still enjoy the gorgeous views of the Pamet River. Within the past few years, the owners have painted the interior of the house and have had brand new carpets installed in the bedrooms. Re-finished wood floors throughout the rest of the property. Don't miss out on this amazing location! There are also 2 lots available for purchase next door. Please ask for details!
Open House
No scheduled Open Houses

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