Amy Uliss - Ashland MA Real Estate, Framingham MA Real Estate, Natick MA Real Estate


Photo by Gerd Altmann via Pixabay

It may be tempting to purchase your first home without the help of a real estate agent. If you want to risk not having professional help to buy your first house, you can, but you’ll be leaving a lot of benefits on the table and assuming all the risks.

The Benefits of Using a Buyer's Agent

A buyer’s agent works entirely on behalf of the buyer in the purchase process. The benefits of using one include:
  • Expert negotiations – Professional agents know the market, costs and what you’re looking for. They can combine the three, plus other variables, to create a formula for negotiating within both your price and comfort levels.
  • Full disclosure – A real estate expert knows what to ask regarding disclosures about the property. They’ll ask for items you may not even think of because of their experience. It’s not that the seller is intent on deceiving you, often they don’t know what to disclose either.
  • Neighborhood specialist – Some agents choose to represent buyers in specific neighborhoods and can tell them about local facts such as planned road construction or rezoning issues that might have an impact on your decision to buy there (both for and against).
  • Closing costs – Your buyer’s agent fights for the best deal for you, the buyer. Relying solely on the seller’s agent could end up costing thousands in extra charges.
  • Lender recommendations – An experienced buyer’s agent knows which lenders tend to close on time and which ones might drag out the process. If you’re closely timing a move, your agent can help you avoid being bogged down with a slow underwriting process. They’ll have recent experience with rates, terms, appraisals and comparable sales.
  • Making the offer – Real estate purchase offers have a lot of forms and papers that cover all sorts of things from contingencies to mold and asbestos mitigation. Your agent knows the right forms and what needs to go into your offer to both protect you and give you the best chance of having your offer accepted.
  • Inspection referrals – having a home inspection protects buyers from unexpected repairs and required renovations once the deal completes. Your agent knows reliable inspectors that look for basement seepage, dry rot, hidden mold, damaged roofs, sewer line issues and a host of other things. You might not think to check the chimney, but your inspector will, saving you from a potential house fire or other issues down the line. A failure in a major system such as electrical wiring, HVAC, or plumbing can wreck your budget if you don’t know about it.
Bottom line is that purchasing directly from the seller without the protection of a knowledgeable agent puts you at risk for all kinds of issues. Remember that the seller pays both agents from the proceeds of the sale. 

This Condo in Oxford, MA recently sold for $210,000. This Townhouse style home was sold by Amy Uliss - MDM Realty, Inc.


53 Plantation Rd, Oxford, MA 01540

Condo

$189,000
Price
$210,000
Sale Price

5
Rooms
2
Beds
1/1
Full/Half Baths
This 2 bedroom/2 bath end unit town home is move in ready and waiting for a new owner. Three levels allow for spacious living and the surrounding grounds provide an opportunity to be one with nature as well as in walking distance to Greenbriar Park. As you find your way to the first level, there is a fireplaced living room with bow window which provides plenty of natural sunlight. The eat in kitchen boasts ample space and a quiet deck off of the back. The second floor is home to 2 bedrooms: the master hosts a double closet and full bath while the other is incredibly spacious for family or guests. Take a walk down to the lower level where you will find an opportunity for a home office, gym or reading room. Washer and dryer are located in a separate area off of the one car garage. Make an appointment today to see this condo where you can relax and sit back and not worry about outside chores.




This Single-Family in Milford, MA recently sold for $332,000. This Colonial,Antique style home was sold by Amy Uliss - MDM Realty, Inc.


10 S High St, Milford, MA 01757

Single-Family

$310,000
Price
$332,000
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
This 3 bedroom charming home is located on a quiet street with an expansive fenced in backyard and is easily accessible to downtown, shopping and dining without even having to leave Milford. When you first enter the home, you are welcomed in to a good size family room which flows right in to the dining area. The kitchen boasts a breakfast bar which is nice for casual dining and entertaining. Off of the the dining room, you will find a half bath and additional space for possibly a child's playroom, exercise space or a home office which is so desirable these days. The second floor is home to three bedrooms and one full bath. Make your way outside to the expansive fenced in backyard with fire pit and let the dog run free and the kids enjoy the swing set (negotiable) and wide open space without worry. There is also a shed for all of your outdoor equipment or for extra home storage.

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Proper hydration on moving day is paramount. Because without the proper hydration, your moving day team risks wearing down quickly. Perhaps even worse, moving day team members may feel exhausted as they lift large, heavy items – something that may prove to be disastrous.

Fortunately, there are many quick, easy ways to guarantee that your entire moving day team stays hydrated – here are three tips that you need to know.

1. Pick Up Lots of Beverages

Learn about your moving day team and the drinks they like – you'll be glad you did. If you learn your moving day team's drink preferences, you can pick up beverages that you'll know they'll enjoy on moving day.

When in doubt, it pays to purchase lots of water and sports drinks. These beverages help cleanse the body and will allow your moving team to maintain its energy levels throughout the day.

If possible, you may want to avoid purchasing caffeinated beverages as well. Caffeinated beverages may actually cause an individual to become dehydrated over time. Thus, you may want to provide only a limited amount of caffeinated beverages on moving day.

2. Store Your Drinks in a Cooler That Is Easy to Access

If your refrigerator has already been moved out of your house, there is no need to worry. Purchase a water cooler and lots of ice, and you can provide your moving team with cool, refreshing beverages at any time.

Keep this cooler in a central location and tell your moving team members exactly where they can find it. That way, if a moving team member starts to feel sluggish, he or she can stop, grab a drink and immediately start to revitalize the body.

3. Plan Plenty of Breaks

On moving day, give your moving team plenty of opportunities to stay hydrated. By doing so, you can reduce the risk of dropped items, injuries and other moving day problems.

Schedule at least one break per hour, with the break lasting a minimum of 10 minutes. Also, after a few hours, you may want to provide your moving team with an extended lunch break that gives all team members a chance to stop and grab a bite to eat.

If you need additional assistance planning for moving day, you may want to contact a professional moving company as well. This business hires courteous, professionally training moving specialists who will make it simple for you to take all of your belongings from Point A to Point B.

Lastly, a real estate agent may help you find the best moving companies in your area. This housing market professional can help you buy or sell a residence, as well as put you in touch with the top moving companies in any city or town, at any time.

Ready to transform an ordinary moving day into a successful one? Use the aforementioned tips, and you can guarantee that your entire team can stay hydrated as your moving day progresses.


We all know that buying a home is a significant decision that comes with a great deal of financial planning and preparation. However, few of us are taught the ins and outs of actually obtaining a mortgage to make your dream of homeownership come true.

Mortgages are a complicated business that is always changing, both with fluctuations in market rates and with policy decisions.

But, if you’re hoping to buy a home in the near future, it’s important to understand all of your options when it comes to mortgages.

In today’s post, we’re going to address the 20% down payment myth, where that number comes from, and what your options are when it comes to applying for a mortgage.

Where does the 20% down payment number come from?

For most people, 20% of a house is a serious amount of money that would take years to save up. If you’re a first-time homebuyer and don’t have any equity to use from selling another house, 20% may seem like an impossible amount to save within the time you want to buy a home. Fortunately, there are several ways to buy a home without having 20% in cash saved up.

But first, let’s understand where that number comes from.

Most mortgage lenders will want to ensure that lending to you is a safe investment of their money. They want to know that they’ll earn back what they’re spending. To do this, they use several methods.

First, they’ll check your credit history to see how often you pay your bills in time. Then, they’ll want proof if your income and financial stability. Finally, they’ll ask for either a down payment or a guarantee that you will pay them back. Here’s where that 20% comes in.

If you don’t have 20% of the mortgage amount saved for a down payment, you will typically have to pay something called private mortgage insurance. This is an extra monthly fee, on top of your mortgage payments with interest, that you pay to ensure the lender that they’re seeing a return on their investment.

Most homeowners put much less than 20% down

If you’re feeling bad about the amount of money you have saved for a down payment, don’t be! In fact, most first-time homebuyers put, on average, just 6% down on their first home.

Since first-time homeowners don’t have the benefit of equity they’ve accumulated by making payments on their previous mortgage, they often have to come up with down payments out of pocket.

Other options besides a 20% down payment

There are several ways to secure a mortgage without putting 20% down on the home. First, check to see if you are eligible for any loans that are guaranteed by the government. These can come from the Department of Veterans Affairs (VA), or the USDA single-family home program.

The third option is to take on private mortgage insurance until you’ve paid 20% of your mortgage payment.

Private mortgage insurance can be paid to an insurance company or to the federal government in the case of FHA loans, you can put down as low as 3.5%.


Between these three options, you should be able to find a mortgage that you can afford and one that will give you the best possible financial stability in the long-term.




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