Sonia Rollins
EXIT Premier Real Estate | 781-454-6043 | [email protected]


Posted by Sonia Rollins on 3/29/2020

Whether youíre shopping for your first house or your next house, finding a listing you love is exciting. You browse the pictures, check out the property facts, share the link to your significant other, and maybe even schedule a showing.

With the exciting prospect of owning a new home that has all or many of the features youíre looking for, it can be easy to forget about certain details that matter. Most of us look for similar things in a house--close proximity to work, enough bedrooms, an upgraded kitchen, and so on.

In this article, weíre going to give you a list of things to investigate about the house youíre looking at to get a better idea of whether or not itís the perfect match for you and your family.

1. Re-read the listing

If youíre like me and get lost in the photos of a home and forget to make note of the details, be sure to go back and check out the listing a second time. It will likely give you important details of the house that you overlooked on your initial visit.

Look for things like the year the house was built, information of the heating, ventilation, and air conditioning system, and the total acreage of the lot and square footage of the home. These things are hard to accurately represent in the listingís pictures, but will likely be important to your decision of whether or not you should view the home.

2. Do your online research

The number of things you can learn about a home and neighborhood on the internet is astounding. We suggest that before you go to visit a home, you spend 10-20 minutes on Google researching the following topics:

  • School district ratings. If you have or plan to have school-aged children, youíll want to know what your options are for your childís education. Itís often a good idea to check out the local schoolsí websites to see what

  • Commute times. With Google Maps and similar sites, you can plan out what your new commute will be and see how long it will take. You might find different routes that will save you time or avoid traffic (we could all use those extra few minutes in bed every morning). Google Maps isnít always accurate when it comes to morning traffic estimates, but itís a good place to start.

  • Amenities. Having moved into a neighborhood that has no grocery stores within a 20-minute drive, trust me--youíll want to know whatís in the area. Use Google Maps to find stores, gas, schools, parks and trails, hospitals, and other things youíll want close by.

  • Street view. While weíre on Google, use street view to take a remote look around the neighborhood. Youíll be able to see how the infrastructure looks--if the neighborhood is taken care of and if there are sidewalks that offer a safe place to walk or jog.

  • Crime ratings. Donít get too caught up in this section. Crimes happen everywhere, but this is a good way to see if the area youíre moving to is a safe place

3. Donít be afraid to ask questions

If, after all of your online research, you decide you want to go view a home, donít be shy when you arrive. Itís understandable that you wouldnít want to be a burden in someone elseís home. But remember--if youíre considering living there someday youíll want to know as much as possible before making an offer.

Test the plumbing, ask about average utilities, and donít be afraid to introduce yourself to neighbors and ask them questions about the community. The more you know, the better. Happy sleuthing!





Posted by Sonia Rollins on 3/26/2020

This Single-Family in Burlington, MA recently sold for $560,000. This Split Entry style home was sold by Sonia Rollins - EXIT Premier Real Estate.


8 Harris Drive, Burlington, MA 01803

Single-Family

$639,900
Price
$560,000
Sale Price

5
Rooms
3
Beds
2
Baths
Offered for the very first time, this split entry home sitting on three quarters of an acre of land in the Fox Hill area has been lovingly maintained by its original owners who had it built in 1972. The first floor contains three bedrooms, a full bathroom, living room, dining room, kitchen and a large closed in sun porch. The entire first floor has hardwood floors throughout which have been carpeted since built and can be seen in two of the bedrooms. Lots of updates including the furnace and electrical. The windows and roof have all been replaced less than 10 years ago and the chimney was repaired about two years ago. The basement offers a large family room with a bar, fireplace, a bathroom with shower and a bonus room which could be used as an additional bedroom. Central air cooling on the first floor and forced hot air for heating. Irrigation system in the front and back yard and an attached garage. Ability to close quickly, come check it out this very solid house.

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Categories: Sold Homes  


Posted by Sonia Rollins on 3/22/2020

Photo by Alexander Stein via Pixabay

If a home is in foreclosure, you can buy it for less. Great deal, right? It can be, but there are pitfalls, and you need even more caution than in a regular real estate transaction.

Stages of Foreclosure

Foreclosure can take months or even years depending on the regulations of the specific state, but the stages are the same:

  1. Pre-foreclosure. The owner has been given notice of pending foreclosure but for now still owns the home. In this case you negotiate with the owner.

  2. Bank-owner. The former owner has been evicted. If the bank doesn’t find a buyer the house will be put up for auction.

  3. Real-estate Owned (REO). The home did not sell at auction. A misleading name because the bank still owns it. And needs to get rid of it.

How do I find a Foreclosure?

If you haven't bought one before, your best bet is to work with a real estate agent who specializes in foreclosures. Some may have credentials: the Certified Distressed Property Expert (CDPE) or the Short Sales and Foreclosure Resource (SFR) designation. Foreclosures are listed on the same platforms as other homes, plus they may be found through banks, local city halls and courts.

Do I need cash?

Not necessarily. But if you'll use a mortgage, get it pre-approved. You’re likely to be competing with cash buyers.

What should I watch out for?

Many foreclosed properties are in poor shape. If they haven’t been inhabited, and maintenance has been neglected and air conditioning hasn’t been running, there could be mold, debris and internal damage. Distraught homeowners sometimes make off with appliances and the copper. There may be liens in addition to the defaulted mortgage. Get an inspection, have the title checked out and assume there’s going to be work to make it livable.

How much should I pay?

Your agent can run a comparative market analysis (CMA). You should pay significantly less than for an unencumbered property to make up for the risk. Professional foreclosure buyers sometimes use a formula of 80 percent of a comparable standard property less cost of known repairs. For example, a $300,000 house that needs $50,000 in repairs should be (80% * $300,000) – $50,000 or $190,000. A skilled agent can help you be competitive without putting yourself in a bind.

Is a foreclosed property right for me?

It will take more time and effort than a regular purchase but can save a pile of money. A DIYer or a person comfortable managing major rehab projects has a head start. If you have strong nerves, high risk tolerance and the ability to be flexible, a foreclosure might be the best deal you can make.





Posted by Sonia Rollins on 3/16/2020

Located near all major amenities yet perched high up on a nearly one acre lot, this 3BR cape offers its new owner plenty of privacy without taking away all of the conveniences. Step inside to find many modern updates with some old world characteristics still in place. Home boasts beautiful hardwood throughout the main living area, an eat in kitchen with granite counters, spacious family room as well as formal dining room. No need to carry your laundry or lug your belongings from your full basement as there is a large mudroom as well as a laundry room on the first floor. Unlike many capes, this one offers a full bath on both levels and generous sized bedrooms. As the spring greens up the grass and fills the trees around you, you will be engulfed by natural beauty as you sit on your spacious deck. Did we mention a two care detached garage as well? YES! Forget the main street address, access to the house & driveway is on a side street! Make your appointment today & judge for yourself.

More Info on this Property | New Listing Alerts





Posted by Sonia Rollins on 3/16/2020


237 Nashua Rd, Billerica, MA 01862

Single-Family

$419,900
Price

6
Rooms
3
Beds
2
Baths
Located near all major amenities yet perched high up on a nearly one acre lot, this 3BR cape offers its new owner plenty of privacy without taking away all of the conveniences. Step inside to find many modern updates with some old world characteristics still in place. Home boasts beautiful hardwood throughout the main living area, an eat in kitchen with granite counters, spacious family room as well as formal dining room. No need to carry your laundry or lug your belongings from your full basement as there is a large mudroom as well as a laundry room on the first floor. Unlike many capes, this one offers a full bath on both levels and generous sized bedrooms. As the spring greens up the grass and fills the trees around you, you will be engulfed by natural beauty as you sit on your spacious deck. Did we mention a two care detached garage as well? YES! Forget the main street address, access to the house & driveway is on a side street! Make your appointment today & judge for yourself.
Open House
No scheduled Open Houses

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Categories: New Homes  




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