Tammy Morrison Real Estate Inc | Fitchburg MA Real Estate Real Estate


Once you have gone through the pre-approval process and have narrowed down your home search, there’s a good chance you’ll soon find a place that you want to make an offer on. This can seem like a huge step for any first time homebuyer. Even seasoned home buyers feel butterflies when the time comes to make an offer on a home they love. Before you even start your home search, you should become educated on how to make a good offer in order to land the property that you really want. There’s so many factors that effect your offer including the surrounding properties and the current state of the market. Here are a few very important pieces of advice that you should heed in order to have a successful time securing a home and closing the deal. 

Craft A Persuasive Offer

In many areas there’s a low inventory of homes and a high number of those seeking to buy. This means that you’re not guaranteed to get a property that you have made an offer on. Lowball offers might not be at all competitive and even insulting to sellers in certain markets. Often, you may need to make an offer of more than the asking price if you’re in love with a home. By working with your real estate agent and doing the right research, you can craft an offer on a home that will be compelling for sellers.    

Decide On Your Contingencies 

Once an offer has been accepted, it’s time to get to work on those contingencies. Be especially mindful of financing contingencies. If something falls through in the process, you’ll want to be sure you can get the deposit you made back. Also keep in mind that sellers love reliable buyers who have already been preapproved.  

Home inspection contingencies are another area of importance. After you sign the purchase agreement and the inspection is complete, you’re allowed to ask the seller to make repairs or provide you with a counter offer. While this can be one of the more nerve-wracking aspects of home buying, it has many positives. Home inspections protect buyers from purchasing a home that they can’t live with in cases of extreme mold, termites and other environmental and structural issues. 

The appraisal contingency is also important. In order for you to qualify for a loan, the property must be appraised. The property must be valued at or above the purchase price. A loan will only be approved by a lender up to the appraised value. If your home loan is $400,000 but your home of choice is appraised at $390,000, you’ll have a problem.       

Your Finances Matter Until You Get To The Closing Table

Don’t go crazy with all kinds of purchases before you reach the closing table. Opening a new credit account at your favorite furniture store, for example, could lead to a disastrous surprise on closing day. Hold off on big purchases until after you secure your home. Also avoid making large transfers or deposits from your bank account. don’t do anything to negatively affect your credit score

  

Know What To Bring To The Closing

Don’t show up to the closing for your home purchase unprepared. You’ll need to have the following items: 


  • Photo ID
  • Checkbook
  • Cosigners 



Think Ahead


Be sure that you think of the future when you’re purchasing your home. You’ll need to have enough cash flow to pay for things like property taxes, home insurance, utility bills and even new furniture for your home. Plan your future mortgage payments accordingly. Some companies have payments that are monthly or bimonthly. 


While buying a home is a huge undertaking, with the right plans in place, the process will be as seamless as possible. With the right plans, the moving truck will be pulling into the driveway before you know it.      


Unfortunately, your home's bathroom shower could use a lot of work. But as a home seller, you likely are strapped for time and resources, making it exceedingly difficult to complete a shower overhaul. So what can you do? Luckily, there are many quick, inexpensive ways to improve your bathroom shower, including: 1. Replace the shower head. Shower heads come in a wide range of styles and sizes, ensuring you should have no trouble finding one that will serve you well while you sell your home and help improve the appearance of your shower as well. From stainless steel shower heads to water-saving varieties, there is no shortage of shower head options at your disposal. Plus, these shower heads usually are affordable and simple to install, making them great choices for home sellers who are searching for an easy way to enhance the quality of their home's bathroom shower. 2. Give your shower a thorough cleaning. A dirty shower is the last thing a homebuyer wants to see as he or she checks out your home's bathroom. Fortunately, home sellers can perform extensive cleaning to transform a bland shower into an extraordinary one. When it comes to cleaning your shower, using an all-purpose bathroom cleaner often is a great place to start. Also, you should leverage abrasive scrubbing pads to eliminate deposits on shower floors. If you're struggling to get the results you want, be sure to get help from professional cleaners. Remember, these cleaners will do everything possible to give your shower a pristine appearance. And with their support, you can enjoy an immaculate shower that will look great to prospective homebuyers. 3. Retile your shower. New tiles serve as great options for those who want to improve a shower's appearance. As such, home sellers who commit the time and resources to retile a shower can transform a shower's appearance without delay. Retiling a shower can provide a fun project for do-it-yourselfers (DIYers), one that could prove significant return on investment (ROI). However, it is important to understand the ins and outs of installing tile before you begin this task to ensure the job is completed properly. Thankfully, many DIY websites offer helpful tips that you can use to streamline the process of installing new tiles. And when in doubt, don't be afraid to reach out to tile installation professionals for added support. Selling a home can be exhausting, and improving the quality and appearance of your residence's shower is just one of many ways that you can increase the likelihood of a fast home sale. Of course, collaborating with an experienced real estate agent can provide exceptional results for home sellers, too. A real estate professional who recognizes your home's strengths and weaknesses can help you showcase your residence's strengths to homebuyers. Also, this professional can empower you with the insights you need to find ways to transform your home's weaknesses into strengths. Work with a top-notch real estate agent as you sell your home, and you can benefit from the guidance provided by a real estate professional who will assist you throughout the home selling process.


61 Central St, Fitchburg, MA 01420

Multi-Family

$164,900
Price

2
Units
1,692
Approx. GLA
BEAUTIFULLY UPDATED WITH OLD WORLD CHARM MANSARD 2 FAMILY! Live in one unit with hardwood floors, fire place, granite counter, new appliances and so much more. Earn income from 2nd unit that has long term tenant. Plenty of off street parking and 2 car garage. Best deal in town!
Open House
No scheduled Open Houses

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The process of buying a house can be long and difficult. Whether you’re coming from an apartment or another home, you’ll want to time your purchase and move-in so you’re not paying for two homes at once.

What’s more, there are several steps required in the homebuying process, all of which you’ll have to give yourself enough time to complete.

In this article, we’re going to talk about the timeline leading up to buying a home. We’ll discuss how to figure out the amount of time you’ll need, and give you some advice on how to be ready sooner.

Prerequisites to buying a home

Before you consider purchasing a home, you’ll need to make sure your personal and financial life are ready for this commitment. Depending on what type of loan you are hoping to get, this could include saving as much as 20% of the cost of the home for a down payment.

Buying a home also usually requires good credit. If you have some issues with your credit history, you’ll want to take time to improve your score so that you can get a better interest rate on your mortgage.

Once you’ve settled on moving and have a general location, it’s a good idea to get pre approved for a loan.

Preapproval

Getting pre-approved for a loan is beneficial for a few reasons. First, it will let sellers know you’re a serious contender for buying their home.

Second, it gives you one fewer thing to worry about when it comes time to make an offer on a home that you’re interested in.

And, finally, pre-approval gives you a ballpark figure of the type of homes you can look at, saving you time when you’re shopping around for a home by avoiding properties that are over-budget.

The pre-approval process ranges from lender to lender. It can take as little as three days if you provide all the necessary information immediately. However, in some instances it can take weeks, especially if there are problems with the documents you provided to the lender.

Time before closing

If you’ve spent a few weeks viewing homes and considering your mortgage options, you’re likely getting ready to make an offer on a home. On average, this can take anywhere from 30-60 days.

The “contract to close” period can vary based on the type of loan you’re receiving and the underwriting process involved in that loan. USDA-guaranteed loans, for example, require added underwriting and processing time.

How to close sooner

So your lease ends in a few months and you want to make sure you’ll be in your new home before you have to move out. There are a few ways you can save time when buying a home.

First, make sure you provide your lender with everything they need to pre-approve you for a loan. Getting pre-approved quickly will save you a lot of time that is otherwise wasted while sitting around waiting for pre-approval.

Next, work with a real estate agent to find homes within your budget that are ready for move-in. Finally, be reasonable with your offer. Sellers, too, are typically on a timeline and will want to work with someone who is going to do their part to make the process as efficient as possible. 



26 Longwood Ave, Leominster, MA 01453

Rental

$1,200
Price

6
Rooms
3
Beds
1
Baths
FIRST SHOWING WILL BE AT OPEN HOUSE - SUNDAY 11/19 FROM 1:00 TO 3:00. Three bedroom 2nd FLOOR UNIT! Open Living room/Dinning room, extra large eat in kitchen and plenty of storage in the walk-up attic. 2 sun porches. Nice side street, close to highways, shopping and schools.
Open House
Thursday
December 07 at 4:30 PM to 6:00 PM
Open house tonight from 4:30 to 6:00.
Cannot make the Open Houses?
Location: 26 Longwood Ave, Leominster, MA 01453    Get Directions

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