Bo Lee - Berkshire Hathaway HomeServices Commonwealth Real Estate



Posted by Bo Lee on 11/11/2018

The cost of buying a house extends beyond a seller's initial asking price. In fact, there are many "hidden" costs that buyers need to consider as they decide whether to purchase a house, such as:

1. Closing Costs

There are various closing costs that a buyer may encounter before he or she finalizes a house purchase, including survey, appraisal and wire transfer fees. As such, it generally is a good idea to prepare for these costs prior to launching a house search. Because if you prepare for closing costs, you can ensure that you have the finances available to cover these expenses when you are ready to complete a house purchase.

Oftentimes, it helps to meet with banks and credit unions prior to starting a home search. These financial institutions can help you get pre-approved for a mortgage and teach you about home closing costs. Best of all, after you get a mortgage, you can start your home search with the financing you need to secure your ideal residence.

2. Property Taxes

Property taxes usually are assessed twice a year, and they vary based on state and county. However, if you learn about property taxes, you can map out your homebuying budget accordingly.

Real estate property tax information is part of the public record. Thus, you can access information about property taxes related to a particular home before you purchase it. And once you have this information at your disposal, you can use it to determine whether to move forward with a house purchase or continue your search for your dream home.

3. Utilities

Utility bills vary based on the size of a home, its location and other factors. If you devote time and resources to estimate your utility expenses, you may be better equipped than ever before to make an informed home purchase.

To assess your potential utility costs, you may want to consult with a seller's agent. This professional may be able to provide you with insights into the current homeowner's utility expenses to help you budget appropriately.

It never hurts to hire a real estate agent to help you navigate the homebuying journey, too. A real estate agent can offer expert insights into closing costs, property taxes and other homebuying fees, as well as help you quickly discover your dream residence.

Let's not forget about the comprehensive homebuying guidance that a real estate agent can provide, either. For instance, if you are unsure about whether to submit an offer to purchase a house, a real estate agent can offer recommendations and tips to help you make the best-possible decision. Or, if you have concerns or questions at any point during the homebuying journey, a real estate agent is ready to respond to them.

For those who want to buy a house, it helps to learn about all of the potential costs associated with a home purchase. If you start budgeting for a home purchase today, you could accelerate your quest to find and buy your ideal residence.




Categories: Buying a Home   buying tips  


Posted by Bo Lee on 11/4/2018

As a home seller, your goal is to optimize your property sale earnings. Yet doing so may prove to be difficult, particularly for those who are operating in a fierce real estate market. Lucky for you, we're here to help you differentiate your residence from the competition and boost the likelihood of a profitable home selling experience.

Now, let's take a look at three tips to help you optimize your home sale earnings.

1. Enhance Your House's Curb Appeal

How homebuyers perceive your residence when they view it for the first time may impact your ability to maximize your home sale earnings. If buyers see a home with a pristine front lawn, dazzling garden and other stunning exterior features, they may set up home showings right away. Then, after buyers see all that your residence has to offer, they may submit homebuying proposals that match or exceed your expectations.

Ultimately, your house's curb appeal can make a world of difference during the home selling journey. If you allocate time and resources to trim the hedges, mow the lawn and perform other home exterior upgrades, you can boost your residence's curb appeal in no time at all.

2. Remove Clutter from Inside Your Home

Although you may have collected many antiques, paintings and knick-knacks over the years, these items may actually do more harm than good when you try to sell your house. In fact, your personal belongings may make it tough for buyers to envision what life may be like if they purchase your home.

Oftentimes, it helps to rent a storage unit before you list your residence. This will enable you to keep assorted personal belongings safe and outside your home until your residence sells.

You also may want to host a yard sale or list items online prior to selling your house. This will allow you to simultaneously remove clutter from your house and earn extra cash.

3. Hire a Real Estate Agent

For home sellers who want to maximize their home sale earnings, it pays to hire a real estate agent. This housing market professional will work with you throughout the home selling journey to ensure you can get the best price for your home.

Typically, a real estate agent will meet with you, learn about your house and craft a home selling strategy. He or she then will host home showings and open house events to promote your residence to potential buyers. And if a buyer submits an offer to purchase your house, a real estate agent can provide a recommendation about whether you should accept, reject or counter this proposal.

A real estate agent can respond to your home selling concerns and questions too. As a result, he or she can help you make informed decisions throughout the home selling journey.

Ready to list your home? Use the aforementioned tips, and you should have no trouble enjoying a quick and profitable home selling experience.





Posted by Bo Lee on 10/28/2018

If you intend to sell your house, you may need to put various personal belongings into a storage unit. By doing so, you can eliminate clutter from your residence, thereby increasing the likelihood of a quick, profitable home sale.

However, packing a storage unit sometimes can be difficult. Lucky for you, we're here to help you make the most of the storage unit space at your disposal.

Let's take a look at three tips to help you optimize the available space in a storage unit.

1. Plan Ahead

Think about the storage unit space that is available and consider the items that you'll be keeping in the unit itself. Then, you can plan accordingly.

When in doubt, it often helps to rent a storage unit that provides more than enough space. And if you're unsure about how much space that you'll need, you can always reach out to a storage unit provider for extra support.

Typically, a storage unit provider can offer expert recommendations about the size of the unit that you'll need based on your belongings. Consider these recommendations closely, and you can select the right-size storage unit to accommodate all of your belongings.

2. Ensure Your Boxes Are Easily Accessible

It may be tempting to stack all of your boxes together in a storage unit. But for those who want to maximize the storage unit space that is available, it usually helps to stack boxes in a way that guarantees they are easily accessible.

Creating aisles of boxes in a storage unit will make it simple for you to access a box without having to move other items out of the way.

Furthermore, place boxes with items that you may need most frequently at the front of a storage unit. This will ensure that you can enjoy fast, seamless access to these boxes.

3. Dismantle Furniture

Couches, chairs and other furniture can take up lots of space in a storage unit. Conversely, if you remove the legs from furniture, you may be able to free up space in your storage unit.

If you decide to remove the legs from furniture, you may want to tape the legs to the furniture itself. Also, don't forget to place related furniture bolts and screws in a plastic bag, attach the bag to the furniture and label the bag.

Renting a storage unit is a major decision, one that should not be taken lightly. Fortunately, if you work with a real estate agent, you can choose the right storage unit provider.

A real estate agent is happy to help you sell your house, as well as put you in touch with the best storage unit providers in your area. That way, you can secure your belongings in a first-rate storage unit until your house sells.

Get the most out of a storage unit Ė use the aforementioned tips, and you should have no trouble keeping a wide range of items in any storage unit, at any time.





Posted by Bo Lee on 10/26/2018

This Condo in Norwood, MA recently sold for $230,000. This Garden style home was sold by Bo Lee - CENTURY 21 Commonwealth.


3 Endicott St, Norwood, MA 02062

Condo

$234,900
Price
$230,000
Sale Price

4
Rooms
2
Beds
1
Baths
Spacious, spotless and move in ready. Don't hesitate to see this beautiful 2nd floor 2 bedroom corner unit located in the Endicott Village Condominiums. Freshly painted throughout this unit boasts beautiful hardwood floors, a spacious living room with sliders and wall a/c, updated kitchen with granite counters and stainless steel appliances including refrigerator dishwasher, microwave, &stove and the nicely updated bath offers a tiled tub/shower combination and a tile floor. The Two generous sized bedrooms offer hardwood floors and ceiling fans. The property abuts Lower Pond Park and is across from Ellis Pond. It is Convenient to shopping, food, public transportation, park areas, walking trails, the Cleveland Elementary School and Norwood High. Two assigned parking spaces are included. This unit is waiting for someone to call it home!

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Tags: Real Estate   Condo   Norwood   02062  
Categories: Sold Homes  


Posted by Bo Lee on 10/21/2018

Once you decide to buy a home, you need to buckle in because youíre in for an emotional roller coaster. You need to be prepared for any type of situation. Youíll need to hunker down and save a significant amount of money for a downpayment. Securing the financing for your home will be at the top of your list. You just donít want to find the home of your dreams only to find out that your offer is rejected, leaving you in a giant puddle of letdown. 


If you have already experienced the pain of having your offer rejected on a home, fear not. Below, youíll find some of the most common reasons why offers get rejected and what you can do about it. 


You Canít Afford The Home


If you try and get a house that you canít afford, chances are that your offer will be rejected. You need to find a reasonable price point to shop for a home. Make sure that your real estate agent understands your budget and wonít show you homes that are above your budget. If you know you wonít be able to resist, you definitely shouldnít risk finding a home that you love and is above your budget. 


There Was A Better Offer


Especially in highly competitive markets, itís easy for bidding wars to arise. A ďwarĒ may be avoided if buyers offer an amount far above the asking price. You always want to keep your offer as close to the asking price as possible. Never assume that other buyers will bid lower than the asking price. If you think like a seller, youíll have a better shot at getting the home of your dreams.     

 

Donít Ask For Too Much


Nothing annoys a seller more than too many contingencies. Many buyers can get carried away here. Itís a good idea to speak with your realtor about the reality of what you hope to get in return for purchasing the home. Your agent can help you to figure out whatís a necessity to ask to be done in the home and what isnít. 


You Didnít Get Pre-approved


Getting that pre-approval letter is oh so crucial to finding the right home. The seller wants the process to go as smoothly as you do. That means you need to get pre-approved before you even head into the field to search for a home. Some sellers may also only consider bids made by buyers who have been pre-approved. 


If you do your research, youíll be able to compete in any type of housing market. All you have to do is be prepared!  

  


To get your offer accepted on a home you love, you need to do your homework. As a buyer, you want to keep the needs of the seller in mind. Although you want the best deal for yourself, you're more likely to get a property that you want if you compromise a bit. 





Categories: Buying a Home   offer