RE/MAX Advantage I



Posted by RE/MAX Advantage I on 2/20/2020

This Single-Family in Webster, MA recently sold for $228,500. This Ranch style home was sold by - RE/MAX Advantage I.


548.5 School Street, Webster, MA 01570

Single-Family

$239,900
Price
$228,500
Sale Price

5
Rooms
3
Beds
1
Baths
Unbelievable lot with room to park a camper or additional vehicles or perfect for outdoor activities...surrounded by trees for privacy. Unique home offers ranch style living or could be an expandable cape if need more living area(walk up attic). Hardwood floors are well maintained with 24' living room for entertaining.. A home which was lovingly cared for throughout the years. Great location for commuting and shopping.

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Categories: Sold Homes  


Posted by RE/MAX Advantage I on 2/20/2020

Photo by Paul Brennan via Pixabay

If you’ve been renting and preparing to buy a new home, you’ve probably saved up your down payment and are in the process of getting pre-approved for your mortgage loan. If, on the other hand, you’ve been living in a home you own and paying on your mortgage, you may be ready to buy, but only if you can use the equity in your existing property. Logically, that would mean you have to sell your home first, which pays off your existing mortgage, then live somewhere temporarily while you shop for your new home. However, you have more options, and none of them require you to live in a third location.

Option 1: Contingent Purchase

Ask your real estate agent for in-depth information on contingent purchases in your area, since different cities and states can have conflicting rules. This means making an offer on a new home that is “contingent” on your accepting an offer on your current home. Basically, you will do the buying and selling parts of your real estate plan at the same time. While your agent is looking for new homes, they are also showing your home to buyers. You can use the same agent for both parts of the process, which is often cheaper, or you can use a buyers’ agent for the purchase and a sellers’ agent for the sale, which may help you get better deals. Not all sellers are willing to entertain contingent offers since that can put a crimp in their own moving plans, so make sure your agent is aware of your circumstances from the beginning.

Option 2: HELOC Loan

Home equity line of credit or HELOC is a particular type of home loan. These loans are usually second mortgages of some sort but allow you to withdraw the entire amount within a given time period. This means you can keep your current home, and use the HELOC loan to buy your new home. Then, when your current home sells, pay off the mortgage on that home, and get a new mortgage on your new home to pay of the HELOC loan as well. This can be risky, however, since HELOC loans are based on the equity value of your current home, which may not be as high as the market value. In addition, they can have variable interest rates, which, if your old home ends up not selling for an extended period of time, can really start to drain your savings. If you plan to go with this option, make sure your real estate agent knows the timelines you’re working with, and try to find an agent with a “sellers’ guarantee.”

Option 3: Contingent or Rent-Back Sale

A contingent sale is similar to a contingent purchase, but instead of closing relying on you finding a buyer, it relies on you finding a new home and that offer being accepted. These tend to be shorter-term agreements, such as 1 to 2 weeks, but can be longer, even up to several months, depending on your buyer. Be careful and try to have contingencies on only one side of your purchase, since if you end up with too many chained together (you are on contingency, as are your buyers, and their buyers and so on) if one person’s plan doesn’t work, the whole chain could fall through. Alternatively, if your buyer has a longer moving timeline, they might be interested in setting up a “rent-back” agreement. This allows you to sell your home and then rent it back from the new buyers for either a specific time period or for as long as it takes for you to find a new home. This is especially a good idea if your buyers are currently renters on a month-to-month agreement since both of you can move whenever is needed.

If you’re ready to buy a new home, but are worried about selling your current one first in order to afford it, you are not alone. Make sure you explain your situation to your real estate agent during your very first meeting. Once they know what kind of agreements will work for you, they can do a much better job of finding your dream home and helping you complete the purchase.




Categories: Uncategorized  


Posted by RE/MAX Advantage I on 2/19/2020


22 Hartford Road, Worcester, MA 01606

Burncoat

Single-Family

$305,000
Price

6
Rooms
3
Beds
2
Baths
Burncoat Area Beautiful Cape style home on dead end street. Nicely updated, 3 bedrooms- two baths, Recently remodeled kitchen with granite counter tops . Spacious, level, fenced in yard, French doors open to lovely deck ,garage, recent Boiler, water filtration system, Well maintained exterior; roof, siding, windows. This home is in move in condition. Showings start Friday, 2/21 at 4:00. Open house Sunday, 2/23 1:00-4:00.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by RE/MAX Advantage I on 2/19/2020


10 Chamberlain Hill Rd, Barre, MA 01005

Single-Family

$189,900
Price

12
Rooms
4
Beds
2
Baths
Looking for a big home? This spacious Colonial has over 2700SF of living area on 3 finished levels. This vinyl sided home has 12 rooms, 4 bedrooms and 2 full baths. The home features wood floors on all levels, a formal dining room and a stainless steel applianced kitchen. The property sits on a nice 1/2 acre corner lot with easy access to Quabbin High School. Bring your finishing touches to make this home your own. Property boundry lines run from the tree line to the street (21,780SF).
Open House
No scheduled Open Houses

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Tags: Real estate   Single-Family   01005   Barre  
Categories: Price Change  


Posted by RE/MAX Advantage I on 2/18/2020


102 Vernon St, Gardner, MA 01440

Rental

$1,200
Price

5
Rooms
2
Beds
1
Baths
SHOWINGS BEGIN AT OPEN HOUSE 2/13/2020 4PM-6PM. Welcome Home! The apartments at 102 Vernon St have been fully renovated. Enjoy a spacious 2 Bedroom Apartment close to down town amenities, highway, shopping and much more. The apartment offers a brand new kitchen with new stainless steel energy efficient appliances. Fresh paint through out, Hardwood flooring, windows, and light fixtures. Lots of closet space for storage, off street parking, & secured entry. Gardner Memorial pool, Monument Park, historical down town Gardner minutes away.
Open House
Thursday
February 20 at 4:00 PM to 5:30 PM
Newly renovated Apartments! Close to down town. Secured entrance, off street parking, water/sewer, snow removal, trash removal included. All new flooring, Paint, Windows, new Kitchens with appliances. Join Kim and Donna Thursday 4-5:30 at the open house Applications will be available.
Cannot make the Open Houses?
Location: 102 Vernon St, Gardner, MA 01440    Get Directions

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Tags: Real estate   Open House   Rental   01440   Gardner  
Categories: Open House  




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