RE/MAX Executive Realty



Posted by RE/MAX Executive Realty on 5/24/2020

Looking to move out of a big city? Relocate to a small town, and you can enjoy the simple joys of small town life.

Many people prefer the small town lifestyle, and for good reason. In a small town, you won't have to worry about excess traffic or noise. Plus, many homes are available in small towns nationwide, ensuring you should have no trouble discovering a wonderful residence without having to worry about breaking your budget.

Kick off your search for a small town home today – here are three tips to help you secure a terrific small town house.

1. Study the Local Housing Market Closely

What are you looking for in a small town home? Ultimately, you'll want to consider exactly what you'd like to find in a small town house before you conduct your search for the ideal residence.

Creating a checklist of must-haves is essential. With this list, you'll be able to examine available homes in a small town and narrow your search accordingly.

Also, don't forget to examine the prices of recently sold houses in a small town. This housing market data will enable you to differentiate between a seller's market and a buyer's market.

2. Get Financing Before You Start Your Home Search

Can you afford a small town home? It all depends on the financing at your disposal.

Meet with several banks and credit unions to explore your mortgage options. That way, you can learn about fixed- and adjustable-rate mortgages and obtain financing.

If you ever have concerns or questions about home financing, be sure to ask a lender for assistance.

Remember, banks and credit unions employ mortgage professionals who are happy to help you in any way they can. These mortgage experts can teach you about different types of mortgage and offer personalized mortgage recommendations, ensuring you can get the financing you need to make your homeownership dreams come true.

3. Collaborate with an Experienced Real Estate Agent

When it comes to the real estate market, it is always better to err on the side of caution. Fortunately, real estate agents are available in small towns and big cities alike and will do whatever it takes to help you find a great house.

Hiring an experienced real estate agent who understands the properties that are currently available in a small town is vital. This real estate professional will offer tips throughout the homebuying process, guaranteeing that you can make informed decisions at every stage.

Perhaps best of all, an experienced real estate agent will take the guesswork out of buying a small town home. He or she will set up home showings and open houses, keep you up to date about new properties as they become available and negotiate with home sellers on your behalf. As a result, this real estate professional will streamline the process of going from homebuyer to homeowner.

Take the next step to acquire a home in a small town – use these homebuying tips, and you can locate a small town home that can serve you well for years to come.




Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 5/24/2020

Photo by Giuliana Vecchi via Pixabay

Boston, with its rich history and cultural scene, is a city that can easily take a week to explore. So what can you do if you have just one day to experience its wonders? While you won’t be able to see it all, there are some must-see attractions that you can work into a day. Here’s what you’ll want to do.

Focus on Downtown

Downtown Boston is where its oldest, history-rich neighborhoods are, so this is where you’ll want to spend your time. This is also where the museums and art galleries are. You may want to decide just a couple of things to see and experience, depending on your preferences. However, if you’re wanting to see as much of the city as possible, focus your efforts on the historic sites downtown.

Start with the Freedom Trail

The Freedom Trail is a 2.5-mile-long red line that takes you past some of the most historic sites in the city. It can take all day to walk and experience the Freedom Trail, but you can focus on the first two-thirds of the trail if you wish to see other things as well. Start your journey at Boston Commons, and pick up a Freedom Trail pamphlet from the Boston Common Visitor Information Center. This trail will take you through several of Paul Revere’s historic sites, as well as other important pieces of Boston’s history.

Do Your Shopping

You’ll want to grab a souvenir or two on your trip. During your walk down the Freedom Trail, end at Faneuil Hall, where you can find plenty of shopping options. Among those are Quincy Market, which is the hall’s food court. You’ll find a lot of excellent meal or snack options to grab-and-go as you continue your exploration of the city.

Grab Some Coffee

If you’re getting a little tired at this point, head to Hanover Street, which is known for its many coffee houses. Bag an espresso and a fresh-baked pastry, and see the historic buildings of the city’s North End while you indulge.

Head to the Waterfront

Now you’re ready to see the waterfront. Walk from the North End to the harbor, and jump on a ferry ride from Long Warf to Charlestown and back. You’ll also have the option to tour the New England Aquarium or the Institute of Contemporary Art in this area. This will finish out your day, and you will end at the perfect spot to pick up some fresh seafood for dinner.

You can’t fully experience Boston in a day, but you can get a good taste. With this itinerary, soak in many of the most important parts of the city and get a feel for its history and culture before your travels take you elsewhere.




Tags: Boston   Travel   new england   One Day  
Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 5/24/2020

Image by designer491 from Shutterstock

If you purchase a new home, you will need to purchase homeowner’s insurance. If you’ve never owned a home before, you may not realize all the factors that go into the cost of insurance. When looking for a home, it’s easy to get caught up in the house’s structural design, the marble countertops, curb appeal, appliances, etc., and forget about features that affect your home’s insurance cost.

  • Build and age: When a homeowner is considering buying a home, the first and most important feature to look out for is the structure and build of the home. Some people prefer homes constructed with wood over homes built with bricks. Your insurance company may charge you a higher premium for a house built solely with wood because it’s more flammable than a house built with bricks. Another factor is the age of the house; the older the home, the more money required to maintain and repair, which might, in turn, increase the cost of your insurance premium. 

  • Location: Your location affects how much you pay for insurance. The riskier your home’s location, the higher the premium you pay. People who live in areas prone to natural disasters like hurricanes, tornados, earthquakes, landslides, or floods should expect to pay a higher premium when compared to those who live in an area less prone to such disasters. If you decide to buy a home in the coastal region, the cost of protecting your property is something you should factor in when making your decision. 

  • Home safety: How safe is the location of your home? If you live in an environment that has a high crime rate, you should expect to pay a higher insurance premium for your home. Most homes located in neighborhoods not considered safe usually come at a lower price, but your insurance premium might take a considerable amount of what you saved. You can reduce your insurance costs by installing other security measures in your home. New locks, especially smart locks, surveillance cameras, and other security features are all safety measures that can reduce your insurance premium. If your home is in a controlled-access community with secure gates or entry guards, you may see a reduction in your insurance premium. 

  • Condition of the roof: The shape of your home’s roof is an essential determinant of how much you will pay for your insurance cost. A house that has a damaged or faulty roof takes a considerable amount of money to repair. Additionally, while the look of cedar-shake roofs is beautiful, in some areas they pose a fire hazard. When looking to buy a home, do not neglect to note the age and condition of the roof. Aside from the build of the house, it is the next most vital factor. 

These features and others affect how much you pay for insurance. Be sure to factor the cost of protecting your home into your budget when you go house hunting. Your realtor can also help you get a good deal for your home insurance, so be sure to ask!





Posted by RE/MAX Executive Realty on 5/17/2020

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 Executive Realty on 5/17/2020

If you plan to conduct a house search, there is no reason to settle for inferior results. Instead, you should dedicate the necessary time and resources to conduct a comprehensive search for your dream house.

Ultimately, there are many reasons why it pays to perform an in-depth home search. These include:

1. You can avoid the risk of buying a subpar house.

As a homebuyer, it is paramount to discover a residence that meets or exceeds your expectations. Because if you purchase a house that falls short of your expectations, you may suffer the consequences of your decision for years to come.

For example, if you want to acquire a home quickly, you may be tempted to submit an offer to purchase the first house you view in-person. You might even choose to ignore house problems that are discovered during an inspection.

In the aforementioned scenario, you may wind up purchasing a home that will require costly, time-intensive repairs in the foreseeable future. Perhaps worst of all, you may struggle to generate equal value for your residence if you decide to re-sell it at a later date.

2. You can boost the likelihood of finding a house that matches your budget.

If you have a limited homebuying budget at your disposal, there is no need to leave any stone unturned in your quest for your ideal residence.

By dedicating time and resources to conduct an extensive house search, you'll be better equipped than other buyers to find a first-rate residence at a budget-friendly price. Plus, you may be able to pounce at the opportunity to buy a home that matches your budget as soon as this residence becomes available.

3. You may be able to capitalize on a buyer's market.

A patient homebuyer may be able to wait out a seller's market, i.e. a real estate market that features an abundance of buyers and a shortage of sellers. And in this situation, a buyer could capitalize on a buyer's market, i.e. a real estate market that boasts an abundance of sellers and a shortage of buyers. As a result, this buyer could choose from a wide selection of top-notch residences in a buyer's market and select a residence that offers a great combination of affordability and quality.

If you plan to pursue a home soon, you may want to hire a real estate agent. Because if you have a real estate agent at your side, you can receive plenty of support throughout the property buying journey.

A real estate agent understands what it takes to conduct a thorough home search. He or she will keep you up to date about new houses that become available in your preferred cities and towns and offer expert homebuying recommendations. Also, if you want to submit an offer to purchase a home, a real estate agent will help you put together a competitive homebuying proposal.

Simplify the homebuying process – work with a real estate agent, and you can streamline your house search.







Tags