John Buccelli - Berkshire Hathaway HomeServices Verani Realty Somerville



Posted by John Buccelli on 5/20/2018

Selling a home may seem exceedingly difficult, particularly for those who are adding a residence to the housing market for the first time. Fortunately, there are many quick, easy ways to streamline the home selling process.

Now, let's take a look at three tips that you can use to become an expert home seller.

1. Examine Housing Market Trends

The current state of the real estate market may play an important role in your ability to maximize the value of your residence.

For example, a buyer's market may feature a shortage of property buyers. When this happens, home sellers may compete against one another for property buyers' attention more than ever before, leading to below-average home prices.

It is essential to consider how a seller's market works too.

In a seller's market, there is a shortage of home sellers. This means you may be in a great position to optimize the value of your residence, particularly if you have maintained a high-quality property. In fact, you may wind up receiving multiple offers on your home as soon as it reaches a seller's market.

To find out whether you're operating in a buyer's or seller's market, you'll need to study the real estate sector closely.

Look at the prices of recently sold homes and find out how long these properties were available before they were purchased. Also, you should check out the prices of comparable homes that are currently available to find out how your house stacks up against the competition.

2. Consider the Homebuyer's Perspective

How will a homebuyer feel when he or she sees your residence for the first time? Ultimately, the first impression may dictate whether a homebuyer moves forward with your home or decides to pursue other properties.

Allocate plenty of time and resources to enhance your home's curb appeal Ė you'll be glad you did. Completing home maintenance tasks like mowing the lawn and clearing exterior walkways may help your house stand out in a competitive real estate landscape.

Don't forget to declutter your home's interior as well. By doing so, you can make it simple for homebuyers to imagine what life would be like if they purchase your house.

3. Consult with a Real Estate Agent

Becoming an expert home seller rarely, if ever, happens overnight. Instead, you may need additional help along the way.

Lucky for you, real estate agents are available to teach you about the intricacies of selling a home.

A real estate agent is happy to respond to your home selling concerns and queries at any time. He or she can offer guidance throughout the home selling journey and ensure you can get the best results possible.

When it comes to selling your home, it is important to do everything you can to optimize the value of your property. And with extra support from a real estate agent, you should have no trouble stirring up plenty of interest in your residence.

Use these tips, and you can become an expert home seller in no time at all.





Posted by John Buccelli on 5/18/2018


97 Boston Ave, Medford, MA 02155

Condo

$598,000
Price

6
Rooms
3
Beds
2/1
Full/Half Baths
Just in time to enjoy your summer! Bright, clean, large, and sunny, with an amazing location, are a few of the many adjectives that you might describe this home. Bring your own taste, but not much to do here but move in and unpack! There is plenty of room in this 2-level town home, plus as an added value of 2 more rooms and a laundry in the lower level! Take note of the finished lower level with its ¾ sized windows for plenty of light and view, and its own full bathroom. Livingroom has gleaming hardwood floors. Eat in kitchen with sliders to a private deck, plus no waiting with 2 ½ baths! And 3 car driveway! Enjoy the privacy of a large fenced yard this summer, perfect for summer fun and entertaining. If location is important, this one checks off the ďLocationĒ boxes. Close to Tufts University, Shopping, Restaurants, the Mystic River, Mystic Lake and Park, and close by walking and bike paths. This may just be the one you have been waiting for.
Open House
Sunday
May 20 at 12:00 PM to 1:00 PM
Cannot make the Open Houses?
Location: 97 Boston Ave, Medford, MA 02155    Get Directions

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Tags: Medford   Real Estate   Open House   Condo   02155  
Categories: Open House  


Posted by John Buccelli on 5/13/2018

You can ask any homeowner-buying and owning a home is expensive. Mortgage payments, property taxes, utilities, and other bills quickly add up.

If you want to buy a home but donít have a large down payment saved, odds are youíve discovered something called private mortgage insurance (PMI).

PMI is an extra monthly payment that you make (on top of your mortgage payment) when you donít have enough to make a large (20%) down payment on your home.

However, if you want to buy a home and donít want to tack on an extra monthly payment for PMI, you have options. In todayís post, Iím going to talk about some ways to avoid paying PMI on your mortgage so you can save more money in the long run.

PMI Basics

Before we talk about getting rid of PMI, letís spend a minute on what to expect when you do have to pay it.

PMI typically costs 0.30% to %1.15% of your total loan balance annually. That means that your PMI payments will decrease a moderate amount as you pay off your loan.

Furthermore, once you have paid off 22% of your loan, your PMI will be cancelled and youíll only be responsible for your regular monthly mortgage payments.

Getting PMI waived early

With conventional loans, you can request to have your PMI cancelled once youíve paid off 20% of the mortgage. However, many buyers with PMI are using some form of first-time buyer loan, such as an FHA loan.

With an FHA loan, youíll be stuck with PMI for the lifetime of the loan if you donít make a down payment of 10% or more. Thatís a lot of PMI payments, especially if you take out a 30 year loan, and it can quickly add up.

If you have an FHA loan with FHA insurance, the only way to cancel the insurance is to refinance into a non-FHA insured loan. And remember--refinancing has its own costs and complications.

Making it to the 20% repayment mark

On conventional loans, the best way to get rid of PMI is to reach your 20% repayment mark as soon as possible. That could mean aggressively paying off your mortgage until you reach that point.

This can be achieved by making extra payments, or just paying more each month. However, you donít want to neglect other debt that could be accruing costly interest in favor of paying off your loans. Make sure you do the math and find out which debt will be more expensive before neglecting other debt.

Once you do reach the 20% repayment mark, youíll have to remember to apply to have your PMI canceled with your lender. Otherwise, it will be canceled automatically at 22%.





Posted by John Buccelli on 5/11/2018


97 Boston Ave, Medford, MA 02155

Condo

$598,000
Price

6
Rooms
3
Beds
2/1
Full/Half Baths
Just in time to enjoy your summer! Bright, clean, large, and sunny, with an amazing location, are a few of the many adjectives that you might describe this home. Bring your own taste, but not much to do here but move in and unpack! There is plenty of room in this 2-level town home, plus as an added value of 2 more rooms and a laundry in the lower level! Take note of the finished lower level with its ¾ sized windows for plenty of light and view, and its own full bathroom. Livingroom has gleaming hardwood floors. Eat in kitchen with sliders to a private deck, plus no waiting with 2 ½ baths! And 3 car driveway! Enjoy the privacy of a large fenced yard this summer, perfect for summer fun and entertaining. If location is important, this one checks off the ďLocationĒ boxes. Close to Tufts University, Shopping, Restaurants, the Mystic River, Mystic Lake and Park, and close by walking and bike paths. This may just be the one you have been waiting for.
Open House
Saturday
May 12 at 11:00 AM to 12:00 PM
Cannot make the Open Houses?
Location: 97 Boston Ave, Medford, MA 02155    Get Directions

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Tags: Medford   Real Estate   Open House   Condo   02155  
Categories: Open House  


Posted by John Buccelli on 5/9/2018


382 Mcgrath Hwy, Somerville, MA 02143

Central Hill

Multi-Family

$2,000,000
Price

6
Units
3,172
Approx. GLA
Union Square location.Multi use building consisting of two store front units,and 4 residential units.Newer separate heating systems in residential units. Hardwood floors,newer plumbing, rubber roof, enclosed front porches and rear porches,BB Zoning-Great opportunity to run your business and have an additional 4 residential units for added income.All apartments are 4 rooms-living room, dining room, eat-in-kitchen, bedroom and a full bathroom. Floor plan allows to easily make each a 2 bedroom apartment.Walk to Prospect Hill Park and Union Square.
Open House
No scheduled Open Houses

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Categories: New Homes  




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