Kim D'Elia - EXIT Real Estate Executives



Posted by Kim D’Elia on 10/25/2020

If you receive a "lowball" offer to purchase your house, your first reaction may be to respond with an immediate "No." However, it is important to evaluate any offer to purchase your house closely. Because if you weigh the pros and cons of rejecting an offer to purchase your home, you'll be better equipped than ever before to make an informed decision about any homebuying proposal you receive.

Now, let's take a look at three factors to consider before you reject an offer to purchase your residence.

1. Your Home's Price

What you may consider to be a lowball offer to purchase your home may actually be a competitive homebuying proposal – it all depends on the current state of the housing market. Thus, if you analyze the housing market, you can find out how your home's price stacks up against the prices of comparable houses and review an offer to purchase accordingly.

If you find your home's price falls in line with similar houses in your city or town, you likely have a competitive initial asking price in place. And if a buyer's offer to purchase your home falls short of your house's initial asking price, you may want to decline the proposal.

On the other hand, if your home is priced much higher than comparable residences in your area, you may want to adjust your home selling expectations. In this instance, you may find a lowball offer to purchase turns out to be a competitive homebuying proposal. As a result, you may be more inclined to accept the proposal based on the current housing market's conditions.

2. Your Home's Condition

Oftentimes, buyers will account for potential home repairs or upgrades they will need to complete if they acquire a house. This means a buyer may submit an offer to purchase below a seller's initial asking price due to the fact that a house may require assorted repairs or upgrades in the near future.

Take a look at the condition of your home – you'll be glad you did. If you find your home is in need of significant repairs or upgrades, you may want to consider these projects before you reject a buyer's offer to purchase your house.

3. Your Home Selling Goals

It generally is a good idea to start the home selling journey with goals in hand. That way, if an offer to purchase your house allows you to achieve your home selling goals, you can accept the proposal. Or, if an offer to purchase your house moves you further away from accomplishing your home selling goals, you can reject the proposal.

As you get set to complete the home selling journey, you may want to hire a real estate agent too. This housing market professional can help you assess any offers to purchase your house, at any time. By doing so, a real estate agent can help you determine how to proceed with an offer to purchase and ensure you can make the best-possible decision.





Posted by Kim D’Elia on 10/18/2020

Image by Annalise Batista from Pixabay

One of the basic things that people prepare for in their end of life planning is their property. A family home, for example, is often passed down to the couple's children or next of kin. Often, though, the people who inherit the property don't think about what they'll do with the home once that happens. 

If you've inherited a property but there are no advanced directives attached, there are a few options.

Options for an Inherited Property

Every family is different. If the property has been lefts to siblings or multiple family members equally, you'll need to be in agreement as to how the property is managed. Ideally, all parties will reach an amicable agreement but you can also enter into mediation to make sure everyone's best interest is met and the asset is fairly divided.

The state of the home at the time you inherit it is an important factor. There may still be a mortgage or a reverse mortgage on the home, and those payments will need to be taken up immediately. 

There are three basic options for an inherited property:

  • Sell It. Selling the property can make the most sense when there are multiple beneficiaries. The taxes are often minimal because there's a step-up tax on inherited properties, which means that the property is valued at what it's worth when you inherit, not what it was worth when your parents purchased it. If you've decided to sell, you want to assess the house and make any repairs necessary or decide to sell as is. The second option will often mean that the home will sell for less than is possible in the market, but that may be a better option if the repairs are extensive. Once the house sells, the siblings can divide the total amount and the process is complete.
  • Move In. Sometimes one of the siblings would like to move into the family home as their residence. This means that the new owner needs to pay the other beneficiaries for their portion of the estate. There are different ways that you can finance this — through a traditional mortgage or through private payments to the other beneficiaries. You'll need to assess the house to determine fair value at the time of the transaction so that all parties receive their fair share.
  • Rent It. Some people prefer to keep their family home in the family but all the siblings have their own residence. You might choose to rent it out as an investment property. This will mean managing the property for repairs and the work entailed in finding renters. This option can be an excellent way to generate income, while paying monthly bills associated with the property.

An inherited property can offer a great blessing in financial gain, but it can also be a good deal of work. If your decision is to keep or rent out the property, make sure all parties are on board for the level of commitment that means to save yourself from tension in the future.




Categories: Uncategorized  


Posted by Kim D’Elia on 10/13/2020


93 H Foote Rd, Charlton, MA 01507

Single-Family

$419,900
Price

8
Rooms
4
Beds
4/1
Full/Half Baths
Come fall in love with this beautiful over sized colonial. Enjoy the large front porch while you sip on a cup of coffee to start your day and watch the leaves the fall. As you enter you are greeted by a large open staircase. Everything you could need is right here on the main living level!!! You will love the "master suite wing" of the house. The master wing is complete with a large bedroom, spacious master bath with tiled shower and washer/dryer hook ups. As you continue on you'll find a bonus space complete with fireplace, the perfect space for an office, man town or private sitting area and access to the large deck over looking the backyard. This main living level still has more to offer. You will love cooking in the large, cabinet packed kitchen complete with breakfast bar. There is also a separate dining area with sliders opening to the deck. Travel up the open staircase and you will find a 3 large bedrooms and a bonus room. This level is also boasts two full bathrooms!!!!
Open House
Sunday
October 18 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 93 H Foote Rd, Charlton, MA 01507    Get Directions

Similar Properties





Categories: Open House  


Posted by Kim D’Elia on 10/13/2020


93 H Foote Rd, Charlton, MA 01507

Single-Family

$419,900
Price

8
Rooms
4
Beds
4/1
Full/Half Baths
Come fall in love with this beautiful over sized colonial. Enjoy the large front porch while you sip on a cup of coffee to start your day and watch the leaves the fall. As you enter you are greeted by a large open staircase. Everything you could need is right here on the main living level!!! You will love the "master suite wing" of the house. The master wing is complete with a large bedroom, spacious master bath with tiled shower and washer/dryer hook ups. As you continue on you'll find a bonus space complete with fireplace, the perfect space for an office, man town or private sitting area and access to the large deck over looking the backyard. This main living level still has more to offer. You will love cooking in the large, cabinet packed kitchen complete with breakfast bar. There is also a separate dining area with sliders opening to the deck. Travel up the open staircase and you will find a 3 large bedrooms and a bonus room. This level is also boasts two full bathrooms!!!!
Open House
Sunday
October 18 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 93 H Foote Rd, Charlton, MA 01507    Get Directions

Similar Properties





Categories: New Homes  


Posted by Kim D’Elia on 10/11/2020

Photo by Malcolm Garret via Pexels

No matter how safe your neighborhood is, it doesn’t hurt to take precautions against break-ins or thefts. Installing home security lighting is a highly effective way to deter intruders. This type of lighting also provides plenty of light for walkways and paths, making it safer for you and your family to walk around outside at night. Keep the following tips in mind for effective and efficient home security lighting for your house. 

Consider Motion Detector Lights

Some security lights, such as flood lights, are too bright to have on all night. Adding motion sensors to these lights or having motion detector lights installed won’t illuminate your home exterior the whole night. However, these lights can startle intruders by coming on when motion is detected. You can usually adjust the sensitivity of these lights, so that animals wandering around your yard at night won’t keep setting them off. For ideal security, consider placing these lights on each side of your home. 

Install Timers for Outdoor Lights

If you have outdoor lights that you plan on leaving on all the time, such as landscape lights or accent lights by your front door, consider installing timers for them. Having them set to a timer means you don’t have to worry about remembering to turn them on. They also won't accidentally be left on all day and use up energy. You can set these timers so that they turn your outdoor lights on at dusk and turn them off at dawn. While you’re installing outdoor timers, keep in mind that timers for indoor lights provide a good way to deter intruders when you’re away on vacation. These timers help give the appearance that someone is home at your house.

Use Energy-Efficient Bulbs

When you have outdoor lighting that stays on all night, you can save on energy usage by switching to LED or CFL bulbs. Incandescent bulbs use up more energy, and they don’t last as long overall. Replacing these with LED or CFL bulbs helps reduce your energy usage and the amount you spend on outdoor lighting, since they don’t have to replaced as much. 

Light Up Hiding Spots

When you’re determining where outdoor security lights should go, look for any potential hiding spots that an intruder might use. For example, you can install landscape lights or uplights that shine on bushes where someone could lurk. You can also use outdoor lights to illuminate dark corners or areas of your property to discourage intruders from approaching your home. Keep in mind that any lights you install should be fully enclosed, so that intruders can’t easily remove the bulbs. 

If you’re looking for a new home in a safe neighborhood, please contact us.




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