Our Real Estate Blog

May 30, 2019

Buying and Selling a Home at the Same Time


There are countless reasons a homeowner might want to sell their home and buy another. Some want to move for a change of scenery or to relocate for work. Others are parents with a recently empty nest who want to downsize to something more affordable that meets their needs.

The good news for second time homebuyers is that you already have an idea of what to expect when buying a home. The research, paperwork, disappointments, and delays that come with buying a home can all be prepared for. However, if you have the burden of selling your old home, finding a temporary place to live, and then moving into a new one, your responsibilities can be doubled or tripled.

In these tips we’ll go over how to prepare for selling your old home and moving into the new one, and offer some advice to keep you sane    throughout this daunting (but exciting!) process.

Buying or selling first

For most homeowners, selling first makes the most sense financially, and especially in a competitive market. Holding onto a second house often means having to make two mortgage payments at once. Similarly, selling first will give you a much clearer idea of your budget for your new home.

Depending on market conditions, your home may or may not sell for as much as you were hoping. It’s important to keep this in mind before signing onto a new mortgage.

Moving logistics

Once you sell your home, you’ll have to work out living and storage arrangements until you are ready to move into your new home. It may seem easy at first--just rent for a couple months until your move-in date, right? It isn’t always that simple, however, as deals can sometimes fall through and you can find yourself with a move-out date from your own home without having finalized a deal on your new home. Because of this, many homeowners elect to pay their current mortgage for an extra month or two until they can move in to their new home. 

Research your options for short-term living and storage in your area. See if you can work with moving companies who will give you a discount for helping you move twice; once to the storage facility and again to your new home.

One way around this is to time your move out and move-in dates so that you don’t have to worry about storage. Some homebuyers will even move into the new home before officially closing on the home (i.e., take possession before closing). While this may be convenient, it can also be dangerous for the buyer and the seller.

Plan meticulously

One of the best piece of advice we can give is to stick to your schedule and keep good records during your buying and selling processes. Make sure whoever buys your home is aware of your plans for moving out, and that anything that could delay those plans (inspection issues, moving logistics) are taken care of.  

Keeping track of all this information can be difficult, so don’t be afraid to keep a daily list or planner of the things you need to take care of, and never be afraid to reach out to your real estate agent who will be able to advise you on the best way to make your move as smooth a process as possible.

May 22, 2019

Final Walkthrough Tips for Homebuyers

Buying a home is a very detail-oriented process, and there's a lot of important things you can overlook if you're not organized.

Home buyers generally have the opportunity to do a last-minute inspection of the premises to make sure everything's up to standards prior to closing on the property.

A real estate buyer's agent can accompany you on the final inspection or provide you with advice on what to look for.

If you've already visited the home a couple times and had the house professionally inspected, you're probably well-acquainted with any major malfunctions, flaws, or repair issues. In many cases, home buyers may reach an agreement with the seller to fix, replace, or make allowances for mechanical or cosmetic problems. While real estate negotiations and sales agreements are as varied as the people and properties involved, there are typically dozens of things buyers need to check on before they sign the final documents and accept ownership of the property.

Final Walkthrough Tips

As you're doing the final walk-through of the house, it's necessary to remember or have notes on the condition of the home when you last looked at it. You'll also want to have a clear idea of what appliances, fixtures, and window treatments are supposed to be remain in the house after it's been vacated by the seller. Depending on how close your final walk-through is to the actual closing, that has probably already happened.

If there's anything missing that the seller agreed to include in the sale, then that's an issue you'll want to discuss with your real estate agent or attorney. Any property damage that may have resulted from moving furniture and other belongings should also be discussed before final papers are signed. The same thing would apply to landscaping changes that appear to be inconsistent with the sales agreement. Your buyer's agent and/or lawyer can serve as intermediary in getting these issues clarified and ironed out.

To make sure your final inspection is thorough, it's a good idea to have a "final walk-through checklist" to help keep you organized and focused. You'll want to take a last-minute inventory of items that are supposed to be included with the property sale, such as appliances, lighting fixtures, furnishings, window treatments, children's play structures, hot tubs, and anything else that was agreed to in the sales contract.

Other items you'll need access to may include garage door openers, manuals for appliances and mechanical systems, warranties, invoices for repairs made, and remote control devices for things like ceiling fans, alarms, and other systems.

Your checklist and final walkthrough should focus on a variety of items, including the working condition of appliances, the electrical system, plumbing fixtures, and the condition of walls, floors, ceilings, doors, windows, and landscaping features. For a complete checklist, look online or consult your real estate agent.

 

We are here for all your real estate needs.

Contact the Deborah Lucci Team

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(978)-771-9909

Posted in closing on a home
May 15, 2019

Staging a Pet Friendly Home

Staging your home for potential buyers can be quite the hassle. You may start moving your furniture around spontaneously, or become tense when your children or spouse make messes in a room that you just prepped for show. With all of the planning that one can put into making their home shine, one crucial step in home staging is often overlooked: your family pet.

For the sake of simplicity, I will outline a few things that you must keep in mind when cleaning up after your pet in a home for sale.

Pet presence - For obvious reasons, some pets can't leave the house. Giant enclosures, aquariums, and disabled pets are hard to relocate sometimes, and a lot of people will be understanding of this. But if your dog or cat is healthy, then you'll want to strongly consider relocating your pets temporarily. Many people aren't pet owners, and don't like being around an excitable golden retriever or a yippy chihuahua when they are trying to imagine their family occupying your home. Remember....You are trying to make the potential buyer as relaxed as possible. Ask a friend if they wouldn't mind looking after your loved one for a bit, and if all else fails, look into a reputable boarding service for your pet. 

Fur - Fur can get everywhere. Even in places that you, as a resident of your home, don't necessarily notice all of the time. Be sure to give your couches, chairs, and love seats proper attention. That means taking the pillows and cushions off, and using a hand vacuum or brush to remove all of the fur you see. After you are sure that they are thoroughly cleaned, use a fabric freshener to finish it off. Try to do this well in advance of the potential buyer, as some people have sensitivities to fabric fresheners.

Litter - No matter what kind of animal you have, odds are you have do deal with some form of waste. It may sound pretty obvious, but make sure your litter beds are clean and well hidden. Even if you own an exotic pet like a reptile of amphibian, this includes you too. Many people don't like snakes, but they'll like a messy snake cage even less. Another important thing to remember as an exotic pet owner is this: even though you may not be able to smell anything offensive coming from your reptile's cage, that doesn't mean that there isn't an odor. Many people who live with reptiles get used to the subtle odors that emit from the cages, and will tend to spot-clean their animal's cage without giving it the proper scrub-down that it needs.

Odors - Don't use air fresheners to mask pet odor. It is meant to freshen the air...Not cover pet odors up. Instead, use powdered cleaners on carpets and rugs that your pets frequent. These can be purchased at your local pet store in the cleaning isle. Odds are, if someone has a severe allergy to animals, then they are going to be at risk of having a reaction. The cleaner the house, the less dander will be in the home.

Posted in Pets and Your Home
Sept. 24, 2018

3 Signs That Your Real Estate Agent Is a Housing Market Expert

Does your real estate agent have what it takes to help you streamline the process of buying or selling a home?

Ultimately, when it comes to choosing a real estate agent, it pays to hire a housing market expert. Make sure they have the Realtor® accreditation. With this real estate professional at your side, you can accelerate the homebuying or home selling cycle and improve your chances of achieving your desired results.

There are many signs that a real estate agent is a housing market expert, and these include:

1. A Realtor® keeps you up to date about the housing market.

Ideally, you should be able to find a real estate agent who will go the extra mile to keep you up to date about housing market trends. This housing market professional can help you make informed decisions throughout the homebuying or home selling journey.

In addition, the right real estate agent should have no trouble differentiating between a buyer's market and a seller's market so you can plan accordingly. He or she will assess housing market data regularly, and as such, be better equipped than other housing market professionals to help you stay ahead of the competition.

2. A Realtor® possesses extensive industry experience.

If you're on the lookout for a real estate agent, it certainly is beneficial to hire a housing market expert with comprehensive industry experience.

A real estate agent with extensive industry experience will know how to handle tough homebuying or home selling situations. That way, he or she can help you identify and overcome myriad hurdles as you try to buy or sell a house.

Furthermore, a real estate agent who possesses in-depth experience likely has plenty of confidence. This housing market professional should be able to help you alleviate stress and remain calm, cool and collected at each stage of the homebuying or home selling journey.

3. A real estate agent can answer any of your housing market questions.

Navigating the homebuying or home selling journey can raise many questions. Fortunately, the right real estate agent will be ready to answer your housing market questions at any time.

A real estate agent who knows the ins and outs of the housing market can provide you with the insights that you need to succeed, regardless of the current real estate sector's conditions. Plus, he or she will listen to your homebuying or home selling concerns and offer honest, unbiased recommendations to help you accomplish your goals.

Lastly, it may prove to be worthwhile to hire a real estate agent who is a great communicator. This housing market professional will be able to explain complex real estate concepts in simple terms, making it easy for any homebuyer or home seller to make the best possible decisions.

Ready to buy or sell a house? Collaborate with a real estate market who is a housing market expert – you'll be happy you did. This housing market expert can help you proceed with confidence and accomplish great things throughout the homebuying or home selling journey.

Sept. 17, 2018

Quick, Easy Ways to Improve Your Credit Score

Your credit score can play a major role in your ability to get the financing that you need to buy a house. As such, you'll want to do everything possible to improve your credit score before you enter the real estate market.

Now, let's take a look at three quick, easy ways to boost your credit score.

1. Pay Off Debt As Quickly As Possible

Get a copy of your credit report from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). You are entitled to one free copy of your credit report annually from each credit reporting bureau, and you should take advantage of this perk so that you can learn about your outstanding debt.

If you have lots of outstanding debt, you'll want to start paying this off as quickly as possible. Because the less debt that you have, the more likely it becomes that you can get a favorable mortgage from a credit union or bank.

Don't wait to begin paying off outstanding debt. If you pay off even a small portion of your outstanding debt regularly, you can move closer to getting the financing that you need to acquire a terrific house.

2. Avoid New Credit Cards

A low credit score can be worrisome, and it may cause you to consider a variety of options to manage outstanding debt. However, if your credit score is low, there is no need to take out additional credit cards.

New credit cards may seem like viable short-term options to help you cover various expenses while you pay off assorted outstanding debt. But these cards are unlikely to help you resolve the biggest problem – paying off your outstanding debt to bolster your credit score.

Instead of signing up for new credit cards, it often helps to cut back on non-essential bills. For instance, if you don't need cable, you may be able to eliminate this expense and use the money that you save to pay off outstanding debt. Or, if you have first-rate items that you don't need, you may want to sell these items and use the profits to pay off myriad bills.

3. Keep Your Credit Card Balances Low

Once you have paid off your outstanding debt, you'll want to keep your credit card balances low.

It often helps to have one credit card that you can use in emergencies. If you keep one credit card and get rid of any others, you may be better equipped than ever before to maintain a high credit score.

Lastly, if you require additional assistance as you prepare to kick off a home search, you may want to work with a real estate agent. This housing market professional can help you narrow your home search to residences that fall within a specific price range. That way, you can avoid the risk of spending too much to acquire a house.

Increase your credit score – use the aforementioned tips, and you can raise your credit score before you launch a home search.

Sept. 3, 2018

How to Gain a Homebuying Edge

Let's face it – homebuyers constantly compete with one another, especially if a new home is added to the real estate market that fulfills the requests of a large assortment of homebuyers in a particular area.

Thus, you'll want to do whatever you can to gain a competitive advantage over other homebuyers, as this competitive edge will enable you to discover the right home quickly and efficiently.

So what does it take to obtain a competitive advantage over your homebuying rivals? Here are three tips to help you gain a competitive edge over homebuyers in any real estate market:

1. Act Fast.

The early bird catches the worm, and the same holds true for homebuyers who want to find the best homes in a competitive real estate segment.

Homebuyers who act quickly are more likely to find great homes as soon as new residences hit the real estate market. Also, these homebuyers will be in an ideal position, one that enables them to check out a recently listed home quickly and make an offer without delay if a residence meets their needs.

Study the real estate market carefully, and you'll be better equipped to make a move on a recently listed house faster than other homebuyers.

Also, be sure to get pre-approved for a mortgage, as this will enable you to submit an offer without having to worry about committing extensive time and resources to get approved for a mortgage down the line.

2. Offer More Than the Asking Price.

What can you do to ensure your offer stands out to a home seller? Offer more than the asking price for a residence, and you can improve your chances of securing your dream home.

In the event that a home seller receives multiple offers for his or her residence, offering more than the initial asking price will help your offer stand out from others.

Therefore, you'll be able to reduce the risk that you could miss out on your ideal house if you submit an offer that exceeds a home seller's asking price.

3. Work with an Experienced Real Estate Agent.

When it comes to finding your dream home, why should you be forced to leave anything to chance? Instead, hire an experienced real estate agent, and you'll be able to enjoy a long-lasting competitive edge over other homebuyers.

Typically, a real estate agent will possess extensive industry know-how and experience, ensuring that he or she can help you find your perfect residence immediately. This professional also will be ready to respond to any concerns or queries and ensure you are fully supported during every step of the homebuying process.

From determining your ideal budget for a new home to setting up home showings, a real estate agent can make it easier for you to check out many wonderful residences in cities and towns nationwide. As a result, hiring a real estate agent could mean the difference between settling for an average house and discovering your dream residence in any real estate market.

Gain the competitive edge you need in any real estate market, and you should be able to make an offer on your dream home instantly.

Aug. 27, 2018

How To Raise Your Credit Score

One of the most important factors that many home buyers face is that of their credit score. You have the right to get one free credit report per year. There are also many different apps and websites that keep you updated on your credit score and any changes in your credit report. These programs even guide you in how to improve your score. 


Why Do We Have Credit Scores? 


A credit score is a number that shows how creditworthy a person is. Lenders look at this score in order to assess how risky a person may be to lend to. This lessens the potential risks that the lender may face, keeping people who may be at high risk for defaulting from securing a loan in the first place. 


What’s A Good Score?


Credit scores range from 300 to 850, with 850 being the highest score that you can get. A credit score of 700 or above is considered good. A credit score above 800 is seen as excellent. The bottom line is that the better your credit score is, the more reliable of a borrower you will be seen as by lenders. 


If your credit score is less than stellar, however, you need to get to work so that you will be able to get loans in the near future. Here’s some steps that you can take to improve your credit:


Pay Off Outstanding Debt 


If you owe anything on medical collection accounts, credit cards, legal judgements; basically any debt that will show up on your credit report, you need to pay these off. Getting rid of debt can help you to increase your credit score more quickly. 


Rebuild Your Credit


You’ll need to keep up any accounts that you have with good payment history and maintain the good work. You should be diligent to maintain those on-time payments for an increased good payment history. Even if you have accounts that have had late payments previously, you can still work to get the accounts back in good order. 


If you don’t happen to have any existing credit accounts, you’ll need to get one in order to begin establishing credit. A good way to do this is to apply for a credit card and only charge what you can afford each month in order to help establish a credit history.     

Look At Your Whole Financial Picture


Aside from your credit score, you’ll need to take a look at your bigger financial picture. Everything from the amount of savings that you have available to how much of a home you’ll be able to afford is important. You need sufficient income so that you’ll be able to buy a home and provide a down payment along with money to pay closing costs. 


Once you start investigating your credit score and how to improve it, you’ll be on your way to better financial health.

Aug. 25, 2018

8 Kathleen Drive, Andover, MA 01810 has an Open House on Sunday, Aug 26, 2018 at 12:00 PM

8 Kathleen Drive,



Andover, MA 01810

Single-Family

$575,000
Price

7
Rooms

4
Beds

2/1
Full/Half Baths

The perfect combination of a serene, neighborhood setting in close proximity to highway access and downtown amenities! This lovingly cared for home has an updated kitchen and bath, 3 bedrooms as well as a fabulous 3 season porch on the first floor. The porch overlooks the professionally landscaped lot complete with an in ground pool! There are hardwood floors throughout the first floor. In the finished lower level you will find the large family room, a 4th bedroom, a full bath and the laundry. This summer has been a scorcher so come and lounge by the pool or take a dip! Enjoy a cool drink on the porch or just relax inside with central AC! Property is located on the town line of Andover and North Andover and in the North Andover school district.



Open House

Sunday

August 26
at
12:00 PM to 1:30 PM

Cannot make the Open Houses?

Location: 8 Kathleen Drive, Andover, MA 01810    Get Directions

Similar Properties

Posted in Open House
Aug. 24, 2018

Another Property Sold - 172 Coventry Lane North Andover, MA

This Single-Family in North Andover, MA recently sold for $735,000. This Colonial style home was sold by The Deborah Lucci Team - William Raveis R.E. & Home Services.

172 Coventry Lane,



North Andover, MA 01845

Single-Family

$729,900
Price

$735,000
Sale Price

9
Rooms

4
Beds

2/1
Full/Half Baths

Welcome home to 172 Coventry Lane. Just in time for summer, enjoy this beautiful Gunite heated pool with patio surround and very private backyard. You will love this stately Colonial located in one of North Andover's most sought after subdivisions. Large eat-in kitchen with plenty of cabinets with sliders to deck area great for summer entertaining. Convenient first floor laundry. Front to back family room off the kitchen with gas fireplace. Dining room has formal wainscotting and a beautiful bay window. Living room with hardwood floors, crown molding and French doors. Work from your own home office with hardwood floors and custom built-ins. Upstairs there is a large master suite with double closets and private bath with Jacuzzi and shower. Three additional good size bedrooms with neutral carpet. New furnace and two new air conditioning units last year. Great floor plan in a great neighborhood with all the privacy you could ask for.

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Posted in Sold Homes
Aug. 24, 2018

Video Tour - Single-Family Home - Tewksbury, MA 01876 Real Estate - For Sale

Curb appeal, great location and so much more! Sitting on a gorgeous, tranquil 2.73 acre lot on a cul-de-sac in a highly desirable neighborhood, this meticulously cared for home is a true showpiece. A large addition on the 1st fl boasts a 3 season sunrm, 3/4 bath, 2 car garage as well as a dining area and family rm open to the kitchen making for great entertaining space. The sun lit rooms on the 1st fl show off the gleaming hardwood floors. The living rm w/fireplace has room for both a sitting area and home office. A formal dining room and 1/2 bath completes the large 1st fl space. 2nd fl has a big master bedrm, with 2 more bedrooms and full bath. Basement is a wonderful living space with great-in-law potential. There is a cozy gas log stove, large kitchenette area, pool rm and walk out to back patio. This home is on gas w/forced hot air furnace and central air. This is a commuter's dream; 3 highways, commuter rail and park-n-ride nearby. This is a must see so set up a showing today.

More Info on this Property | New Listing Alerts

Posted in Uncategorized