Bo Lee - Coldwell Banker Residential Brokerage

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Posted by Bo Lee on 11/22/2020

Image by Free-Photos from Pixabay

It may be tempting, when buying a home remotely, to jump at the first great deal that fits your checklist. But, number of beds and baths aren't everything. Location matters, too. So does the school district if you have school-age children. Don't be afraid to delve deeply into a property that you're thinking of buying sight unseen, because failure to do so could lead to some serious buyer's remorse. Here's the checklist of items to cover and questions to ask before you buy a home long-distance. 

Neighborhood Crime Statistics

Sites such as ADT.com and Cityrating.com can help you learn about crime rates in your potential new neighborhood. The local police department or sheriff's office is a good resource, too. All are easy to find online once you know the address of the home or county in which it's located. Find registered sex offenders living nearby and whether your new neighbor has a collar for burglary. 

Costs of Getting There

If you're searching remotely for homes that are close to your new job location, ask your employer about job relocation assistance. Sometimes employers have packages in place to help with the logistics involved in relocating for work. A package might include financial assistance for multiple items, including:

  • Costs associated with moving companies.
  • Costs associated with storage facilities.
  • Cost to rent or own a home in the new location.
  • Costs associated with selling your existing home.
  • Having financial help to get you and your family settled in before your first day of work at your new job is a great perk. It goes a long way toward alleviating the stress of relocation. 

    HOA Restrictions

    Homeowner's Associations can be beneficial in keeping housing values steady in your target area, but they can be costly, as well as restrictive. Is your new home governed by an HOA? If so, expect to pay monthly dues, and read up on the restrictions before you commit. If you plan to change the color or layout of your new home, you may have strict guidelines you're required to follow. 

    Reputation of the Local Schools

    Parents of school-age children should also be concerned with the school district they're moving into. Your real estate agent should be a good resource for the best schools in the area, but it never hurts to Google. The best schools have a low student-to-teacher ratio, strong test scores compared with the rest of the state and plenty of support programs in place for students and parents.

    A little homework done from the comfort of your home office can help you score the remote home purchase of your dreams. Don't be afraid to play investigator throughout your new target neighborhood. 




    Categories: Buying  


    Posted by Bo Lee on 11/19/2020


    57 America Blvd., Ashland, MA 01721

    Condo

    $475,000
    Price

    6
    Rooms
    2
    Beds
    2/1
    Full/Half Baths
    THIS WONDERFUL TOWNHOUSE has MANY FLEXIBLE LIVING AREAS! ***SPACIOUS & BRIGHT*** w/plenty of large windows that bring in lots of natural light. The main level includes a Kitchen w/plenty of wood cabinetry, s/s appliances, granite countertops & a center island. This opens to a Dining Area & Living Rm w/ hardwd floors, a bay window area & gas fireplace. The 2nd level includes the Master Bedrm w/ a "living room area", a flex-space that can be set up as an office area or sitting area. The Master Bathroom includes a double sink vanity, large jetted tub, shower stall & semi-private water closet. The 2nd Bedroom has plenty of room for your family or guests to enjoy, including it's own full bathroom. A 3rd level loft where you can set up your office/reading area/play space. The LL has another flex space for guests/den/gym. A well maintained & nicely landscaped neighborhood. A fine location to many conveniences- shopping, main routes & commuter T-station! LOW CONDO FEES IS A BONUS!
    Open House
    No scheduled Open Houses

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    Tags: Ashland   Real Estate   Condo   01721  
    Categories: New Homes  


    Posted by Bo Lee on 11/19/2020

    This Single-Family in Waltham, MA recently sold for $460,000. This Ranch style home was sold by Bo Lee - Coldwell Banker Residential Brokerage.


    31 Stow Street, Waltham, MA 02453

    Single-Family

    $475,000
    Price
    $460,000
    Sale Price

    5
    Rooms
    3
    Beds
    1
    Baths
    Motivated seller / PRICE ADJUSTMENTS (1st was due to incorrect square footage w/ public record, 2nd was done to give buyer $$ for upgrades to kitchen/bath &/or add additional parking). This smartly laid out ranch sits atop a private lot and offers endless potential. Although this 3 bedroom / 1 bath home is move-in-ready, it is also bursting with opportunity. The entire interior has been freshly painted (walls/trim/doors/closets/cupboards), hardwood floors polished, basement is easily finished, many updated systems, and the landscaped property offers a secluded back yard patio, perfect for entertaining. Though it is not apparent, when you are in residence, you are minutes to I-95, Mass Pike, Public Transportation & Moody Street. See city plans for Stow Street cul-de-sac conversion. 3-D Tour: https://rem.ax/StowStreet

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    Categories: Sold Homes  


    Posted by Bo Lee on 11/19/2020


    22 Westfield Drive, Holliston, MA 01746

    Single-Family

    $595,000
    Price

    9
    Rooms
    4
    Beds
    3
    Baths
    MANY IMPROVEMENTS have been created over the years in this Wonderful Home in the popular Queens Neighborhood! TWO LARGE ADDITIONS: A Huge Family Rm & a Master Bedrm Ensuite. All exterior siding, interior moldings + doors were replaced! THREE FULL BATHROOMS have been upgraded! HARDWOOD FLOORS through-out all 3 levels, including the bedrooms. Ceramic tile flooring in the Foyer, Kitchen, Bathrooms & Laundry area. The Kitchen includes plenty of wood cabinetry, a walk-in pantry, new quartz countertops, new backsplash & a double oven! Open from the Kitchen is a BEAUTIFUL OPEN CATHEDRAL BEAMED FAMILY ROOM w/ radiant heat wood flooring, large sliders to the patio and an expansive flat backyard. The expanded Master Bedrm includes a Full Bathroom, a walk-in California Closet, bay window & a spacious Office/Craft Room/Reading area. GREAT LEVEL LOT- borders conservation land + babbling brook. This family of six has enjoyed this home & neighborhood for 37 years! READY FOR A NEW FAMILY TO ENJOY!
    Open House
    No scheduled Open Houses

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    Categories: New Homes  


    Posted by Bo Lee on 11/15/2020

    Image by Shutterbug75 from Pixabay

    With a mortgage, a buyer is applying for financing to purchase the property in its entirety. They're relying on their credit and assets for approval before assuming responsibility of the full property. In a land contract, you're cutting out the need for a formal lender and relying on the seller to approve or deny your application.

    The seeming simplicity of the transaction may make some people discount the importance of negotiation. However, there are a few things to keep in mind so both the buyer and seller are comfortable with the terms of the agreement. 

    Talk to the Seller 

    With a land contract, you may be more beholden to the seller than you would be to a lender in a traditional mortgage. If the seller thinks of you as a tenant rather than an owner of the place, you'll need to discuss their exact involvement over the course of the contract.

    Because the seller won't receive the full value of the property upon sale, their financial insecurity is entirely understandable. They may want to check up with you over the phone, in-person, or through a third-party. If you're uncomfortable with the level of oversight, you may need to speak up or find a different property. 

    Make sure you understand your obligations during this time. Some buyers are treated as a renter of the property — until it comes time to make significant and costly repairs. If you're responsible for all upkeep, you may be able to negotiate more freedom in exchange for the additional expense. 

    Think Through the Finances 

    One of the starkest differences between a traditionally financed home and a land contract is the speed of repayments. Even if you do find a seller willing to extend the contract, it can still be a major strain on your finances. As you factor in your current assets and credit score, you should also consider the future.

    If the final payment is large enough, it may still require a substantial loan. If your credit hasn't improved enough by the time the contract nears the end, it could be a significant blow to your savings. And if you can't meet the terms of the contract, the seller will get to keep the money you've already paid them (as well as the property). 

    Negotiating a land contract means thinking through the repercussions of each clause. While the terms may seem looser than a standard mortgage, there may be strings attached that aren't as obvious at first glance. Ensure that you understand your financial and practical responsibilities before signing on the dotted line. 




    Tags: loans   Financing   home loan   finance  
    Categories: Mortgage  




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