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


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Of course, you want to stay within your budget when buying a house. You certainly want value for your dollar. But a buyer should never lose sight of the fact what they truly desire is getting the home they want and that fits their needs. To that end, potential buyers may put in a “low-ball” offer on a house they truly want. They may risk losing a home that meets all of their qualifications by placing an offer that is five or ten thousand dollars less than a price the seller is willing to accept. What can be even more frustrating is that even if a buyer's offer is accepted by a seller, the buyer may just waste that money, or more, on the mortgage they acquire.

Buyers may be surprised to learn how much even a half of one-percent difference in a mortgage rate can make.

Example One

In our first example, after a down payment, a buyer gets a mortgage for $250,000 over 30 years at 4.5% interest. The monthly payment would be about $1,267 monthly. Over the course of 30 years, those payments would total $456,120. The net cost of the loan is $206,120.

Example Two

In our second example, we take that same $250,000 mortgage over 30 years, but the buyer compared mortgage rates and was able to find a lender offering that same loan at 4.0% interest, one-half of one-percent less. The monthly payment would now be $1,194, totaling $429,840. The net cost of this loan is $179,840. The difference between the two loans is $26,280. All because of a .5% interest rate difference. 

The Best Way to Save Money on a Home

Rather than chancing to lose a home you really like by making an offer that is too low, consider instead performing due diligence on mortgage rates. Seeking out a lower rate can be critical in saving you five, ten or twenty thousand dollars or more. That's a far better solution than losing a home you really wanted.

There are a lot of factors that go into determining loan rates for mortgages. These include the buyer's credit rating, work history, income to debt ratio and loan to value ratio. The bottom line is the better your credit the more options you will have in securing a mortgage loan.

One of the best ways to save money on buying a home is saving money on your mortgage rates. The best way to do that is by monitoring your credit rating and working to build it. When it comes time to buy a home, get pre-qualified and compare mortgage rates. You can even use an online calculator to compare rates on your own. Need further assistance in determining how to find the right mortgage for you? Feel free to reach out, and we can embark on your mortgage and home journey together.


This Condo in Bellingham, MA recently sold for $305,000. This Townhouse style home was sold by Hillary Swenson Corner - Berkshire Hathaway HomeServices Commonwealth Real Estate.


301 Village Lane, Bellingham, MA 02019

North Bellingham

Condo

$304,900
Price
$305,000
Sale Price

6
Rooms
2
Beds
2
Baths
Hartford Village 55+ Adult Community Cape Style End Unit. All the Units (66) in Hartford Village were built and certified per Energy Star Construction. Complex Construction is now complete. One owner (non-smoker) for this unit and lovingly cared for. Features Include: Open Floor Plan for Today's Lifestyle, Great Room with Vaulted Ceiling, Gas Fireplaces, Hardwood Flooring, Neutral Decor . Everything you need on the first level including the laundry and an additional bedroom with full bath on the second level with tiled floor and a tub/shower. Outstanding commuter location to Route 495 & MA Pike and Franklin T. Showings need to be arranged per Covid 19 Guidelines. 2 Pets (under 20 lbs.) are permitted as per Hartford Village Condo Rules & Regs.




This Single-Family in Worcester, MA recently sold for $300,500. This Bungalow style home was sold by Hillary Swenson Corner - Berkshire Hathaway HomeServices Commonwealth Real Estate.


19 Chicopee Street, Worcester, MA 01602

West Side

Single-Family

$259,900
Price
$300,500
Sale Price

6
Rooms
3
Beds
2
Baths
Welcome Home to this charming Bungalow full of modern amenities. This clean, neutral move-in-ready home has been "down to the studs" lovingly renovated and reworked by it's owners over the past several years; not a quick-flip. All new wiring! Plumbing updated! Now it is ready to welcome YOU! Featuring three bedrooms and two full baths the floor plan is very functional! The second floor is a large sumptuous master-suite with private full bath, walk-in-closet, sitting area, and storage. The first floor has two bedrooms of equal size and a large full-bath between them. The open living/dining room make for easy entertaining. The kitchen is completely remodeled as well, and features laundry right off the kitchen. In the basement you'll find a dry, bright and clean space. Professionally cleaned, re-pointed and sealed. New High-Efficiency Furnace and Tankless Hot Water 2017. This house needs nothing! Great fenced backyard with shed and good-size deck to enjoy summer fun!

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This Single-Family in Norfolk, MA recently sold for $660,000. This Colonial style home was sold by Hillary Swenson Corner - Berkshire Hathaway HomeServices Commonwealth Real Estate.


34 Ridge Road, Norfolk, MA 02056

Single-Family

$649,900
Price
$660,000
Sale Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Stunning Four Bedroom Center Entrance Colonial Located in Pheasant Hill Estates Features Remodeled Gourmet Quartzite Kitchen (2017) with Center Island, Subway Tile Backsplash, Recessed Lights, Farmers Sink, Wine Fridg, Access to Screen Porch, Open to Formal Dining Room, Cathedral Ceiling Fireplaced Family Room, Front to Back Fireplaced Living Room, Remodeled 1/2 Bath, Spacious Master Suite with Walk-In Closet and Full Bath, Bonus Room in Finished Walkout Basement, New Heating System (2017), New Gutters (2018), Replacement Windows (2005), Central Air, Town Water, Two Car Garage. Great Location Close to Major Routes, Commuter Rail and Restaurants. A Must See!!

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If you want to sell your home, it generally is a good idea to enhance your residence's exterior. That way, you can improve your house's curb appeal and make your residence an attractive choice to prospective buyers. Furthermore, with a terrific home exterior, you may be able to help your residence stand out to potential buyers and increase the likelihood of a fast house sale.

Now, let's take a look at three tips to help you revitalize your house's exterior.

1. Repair Damaged Siding

Cracked or chipped home siding is unlikely to do you any favors, particularly in a competitive real estate market. Fortunately, home sellers who allocate time and resources to repair damaged siding can transform an ordinary home exterior into a pristine one.

Oftentimes, it can be simple to correct home siding damage on your own. On the other hand, if you require professional assistance, there is no shortage of home exterior experts available in cities and towns nationwide.

2. Perform Home Landscaping Tasks

Let's face it – a lawn that is loaded with weeds and high grass is an eyesore that a home seller can live without. Thankfully, you can mow the lawn, trim the hedges and complete other home landscaping tasks in no time at all.

In many instances, home landscaping tasks can be finished over the course of a few hours, depending on the size of your home and the tasks you need to complete. Of course, you should continue to perform home landscaping tasks weekly or bi-weekly to ensure your lawn looks great at all times.

3. Remove Lawn Decorations

Lawn decorations may help you distinguish your residence from others. At the same time, they may make it tough for a buyer to envision what life may be like if he or she purchases your residence.

When it comes to lawn decorations, it usually is beneficial to err on the side of caution. If you remove lawn decorations, you can instantly bolster your home's curb appeal.

As you explore ways to upgrade your house's exterior, you may want to consult with a real estate agent too. In fact, with a real estate agent at your side, you can streamline the property selling process.

Typically, a real estate agent can serve as a guide throughout the home selling journey. He or she is happy to teach you about the home selling journey and ensure you can prepare your residence accordingly. Plus, a real estate agent will promote your residence to prospective buyers, offer home selling tips and recommendations and more.

For those who want to enjoy a seamless home selling experience, it may be helpful to upgrade your house's exterior sooner rather than later. Remember, a dazzling home exterior may make it simple for you to differentiate your residence from the competition. And as a result, a stunning house exterior could help you generate lots of interest in your house and maximize your home sale earnings.




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