Hillary Swenson Corner | Norfolk Real Estate, Westwood Real Estate, Boston Real Estate



3 Ariana Lane, Norfolk, MA 02056

Single-Family

$959,000
Price

9
Rooms
4
Beds
3/1
Full/Half Baths
Quality New Construction in Mill River Estates Situated on Level Acre Plus Lot Features Gourmet Eat-In Kitchen with Center Island and Slider Leading to Large Deck Which is Great for Entertaining, Exquisite Detail and Hardwoods Throughout, Gas Fireplaced Family Room, Open Floor Plan, Formal Coffered Ceiling Dining Room with French Doors, Enormous Cathedral Ceiling Master Suite with Two Walk-In Closets and Master Bath Features Double Vanity and Spacious Tiled Shower, Convenient 2nd Floor Laundry, Generous Sized Bedrooms, Mudroom with Built-In Bench, 9 Foot Basement Roughed for Bathroom is Perfect for Finishing, Central Air, Town Water, Three Car Garage.
Open House
No scheduled Open Houses

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2 Highland Lake Drive, Walpole, MA 02081

Single-Family

$534,900
Price

8
Rooms
3
Beds
2
Baths
Charming Cape with Two Car Garage Situated on .88 Acres Features Brand New Septic System, Newer Replacement Windows, Newer Vinyl Siding, New Driveway, Young Roof, Interior Recently Painted, Granite Kitchen with Tile Backsplash, Grand Cathedral Ceiling Family Room with Pellet Stove Which Leads to Screen Porch Overlooking Woods, Brick Front Walkway, Central Air, Fireplaced Living Room, Formal Dining Room, First Floor Office/Bedroom, First Floor Full Bath with Granite, Spacious Master Bedroom, Town Water. Move in Ready! Great Location Close To Shopping, Schools and Major Routes.
Open House
Saturday
January 19 at 11:30 AM to 1:00 PM
Cannot make the Open Houses?
Location: 2 Highland Lake Drive, Walpole, MA 02081    Get Directions

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Unmarried couples often find themselves surprised at the additional steps it takes to buy a home compared to their wedded friends.

This guide will help you prepare for buying a home together as an unmarried couple:

Banks will assess you differently than they would a married couple.

Whereas they look at a married couple as a single financial unit, you and your partner will be assessed individually. This certainly has its pro’s and con’s. Know that if one partner has a significantly lower credit score it can affect your eligibility for a loan as a couple.  

Legal ownership of the title will be different.

Unmarried couples have three options when it comes to title ownership: sole ownership, joint tenants and tenants in common.

Tenants in common is the most popular. The difference between tenants in common and joint tenants is this:

  • In a joint tenancy ownership is 50/50. If one partner were to become deceased, ownership of their half of the property would carry over to the other partner.

  • Tenants in common ownership can be disproportionate to reflect each partners level of investment.  If one partner were to become deceased, their living trust would inherit ownership of their portion of the property if another option is not otherwise specified in their will.

  • Sole ownership is just that. One partner owns full legal ownership of the property. This option can have tax benefits and increase your financing eligibility if one partner has a higher income or better credit score than the other.

It’s highly recommended for unmarried couples to sign a property, partnership or cohabitation agreement when buying a home together. This is a legal precaution to safeguard both partners in the future should anything happen.

If your finances are separate it is ideal to at the very least create a joint checking account from which to draw the down payment and mortgage installments. This is especially true if both partners are contributing to these payments. It create a clean, clearcut payment process each month.

Know each other's finances.

Discuss your credit scores, debt burden, savings, investments and financial goals. Get clear on where you each stand and how these factors will influence your buying process. Create a budget together as a couple to ensure you can take on not just the responsibility of a mortgage payment but also closing costs, homeowners insurance, property taxes and maintenance costs. Plan for savings like retirement, nest egg, family planning, future vacations, and emergency funds.

Buying a home together as an unmarried couple is a different process than that of married couples. However, that doesn’t mean it has to be harder. With an understanding of what to expect ahead of time and a plan in place, the process can be a smooth one.



This Condo in Franklin, MA recently sold for $153,000. This Garden style home was sold by Hillary Swenson Corner - Berkshire Hathaway HomeServices Commonwealth Real Estate.


491 W Central St, Franklin, MA 02038

Condo

$155,000
Price
$153,000
Sale Price

5
Rooms
2
Beds
1
Baths
BOM, Buyers not able to obtain financing. Great opportunity to own in Franklin. Check out this bright, quiet single level condo at Presidential Arms. Unit has a nice balcony to sit out on that overlooks the woods on the back of the building. It also has a comfortable open layout with a dining room, kitchen and living room. Good closet space in master bedroom. Coin-op laundry in the basement level. Storage closet also available. Reasonable heating expense. End building location makes for a quiet setting. Call today for daily showings. Complex is NOT FHA Approved.





20 Bridie Lane, Norfolk, MA 02056

Single-Family

$614,900
Price

9
Rooms
4
Beds
2/1
Full/Half Baths
Stunning Center Entrance Colonial Features Spacious Eat-In Kitchen with Stainless Steel Appliances, New Tile Flooring, New Granite Countertops and Stone Backsplash with Slider Which Leads out to Screened Porch Overlooking Private Inground Gunite Pool, Oversized Family Room with Fireplace and Front to Back Living Room Both Have Picture Windows, Updated 1/2 Bath, Formal Dining Room, Dual Entry Staircase to Second Floor, Spacious Master Suite with New Hardwoods, Full Bath and Walk-In Closet, Generous Sized Bedrooms, Second Floor Laundry, Brand New Carpet in Lower Level Which Features Office, Mudroom and Additional Storage, Brand New Front Door, Central Air, Central Vac,Town Water, Title V in Hand. Ideally Located Between Boston and Providence and Close Proximity to Commuter Rail - Close to All Major Routes - A Must See!
Open House
Saturday
January 19 at 11:30 AM to 1:00 PM
Cannot make the Open Houses?
Location: 20 Bridie Lane, Norfolk, MA 02056    Get Directions

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