David Tellier - Homefitter Realty, LLC



Posted by David Tellier on 3/7/2019

For the most part, itís safe to say we all know to come prepared when buying an older home. But did you know that the buying process of a new construction home comes with its own quirks? The customization and relationship with the builder through the process makes for a unique experience when buying a new construction home.

Hereís what you need to know:

Some developments have site registration policies. This means that they require you to come with your agent for at least the first couple visits. Donít be caught off guard. When planning your viewings be prepared to work with your agent's schedule as well as your own.

Instead of asking to lower the cost ask when negotiating ask the builder to pay closing costs or to include upgrades. Youíll have an easier time getting a yes to these requests as builders donít like to lower costs and gain a reputation for doing so in the process.

New construction homes arenít a final product when purchasing. Because of this, itís critical to get details on paper to protect yourself during the buying process. Details to include are how the home will be finished, any and all timelines, and what will happen if, for whatever reason, the home is not finished in time. Get all of this in writing to create a binding contract.

Ask questions! When touring the model house be sure to ask what comes standard and what is an upgrade. Get costs of upgrades that catch your eye so that you can plan your budget. When planning this budget you will also want to leave wiggle room as this will be a quote and not final cost. Your agent can help you create a list of common features that are standard and/or upgradable as well as ballpark costs.

Budget Tip: When deciding on upgrades know which are easier to have done during construction. Prioritize those over those that can easily be done after. Think upgrades that include wiring or getting into walls and ceiling for whatever reason.

New construction homes often come with a warranty. Itís important to know what this covers and what it doesnít. Understand your cancellation rights and hire a real estate lawyer to review contracts and any important documents.  

Research the builder and if possible talk to other residents in the neighborhood. Ask them about their experience both during the buying process and living in the development afterward.

One thing that often catches home buyers off guard is when the builder requires you to get pre-approved by their lender even if you use your own lender. This is to safeguard themselves by ensuring you pass their lenders requirements for a safe investment. Itís also important to keep in mind that you may even get better rates and fees from the builder's lender.





Posted by David Tellier on 2/28/2019


1 Cole Ave, Haverhill, MA 01835

Bradford

Single-Family

$215,000
Price

4
Rooms
2
Beds
1
Baths
This home isn't going to last ó schedule your showing before it's gone. Single family home in sought-after Bradford section of Haverhill, Open concept first floor features sunny living room, spacious kitchen, breakfast nook, laundry room, full bath and slider to a fenced in backyard. Two good sized bedrooms on second floor. Quiet neighborhood yet close to shopping, restaurants, fitness center, pharmacy and Dunkins. Outdoor enthusiasts will find a playground and public boat ramp on Merrimack River nearby where you can launch a speedboat or kayak. Bradford ski area is only 2 ½ miles away. Act now, before it's too late.
Open House
Sunday
March 03 at 12:30 PM to 2:00 PM
Cannot make the Open Houses?
Location: 1 Cole Ave, Haverhill, MA 01835    Get Directions

Similar Properties





Categories: Open House  


Posted by David Tellier on 2/28/2019


1 Cole Ave Avenue, Haverhill, MA 01835

Single-Family

$215,000
Price

2
Bedrooms
4
Rooms
1
Baths
This home isnt going to last schedule your showing before its gone. Single family home in sought-after Bradford section of Haverhill, Open concept first floor features sunny living room, spacious kitchen, breakfast nook, laundry room, full bath and slider to a fenced in backyard. Two good sized bedrooms on second floor. Quiet neighborhood yet close to shopping, restaurants, fitness center, pharmacy and Dunkins. Outdoor enthusiasts will find a playground and public boat ramp on Merrimack River nearby where you can launch a speedboat or kayak. Bradford ski area is only 2 miles away. Act now, before its too late. Disclosures: Central Air needs repair, missing screens, seller is related to listing agent, year built source is previous owner.
Open House
Sunday
March 03 at 12:30 PM to 2:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 1 Cole Ave Avenue, Haverhill, MA 01835    Get Directions






Categories: Open House  


Posted by David Tellier on 2/28/2019

Home appraisals are an important part of the buying and selling process. Lenders use appraisals to make sure that the home is worth what the borrower is paying. A homeís appraisal value is based on a number of factors, all of which weíll discuss in this post.

Whether youíre a buyer, seller, or are just learning about the process of buying a home so youíll be better equipped in the future, this article is for you.

How is a home appraisal different from an inspection?

While home appraisals and inspections are performed by licensed or certified professionals, they have to different functions. An inspection ensures the safety of a home, as well as whether or not it will need repairs in the immediate or near future.

Appraisals, on the other hand, aim to value a home based on its property value, the size of the property, and the location of the property. The condition of the home is a factor in valuing a home, which is why some people confused appraisals with inspections.

Who pays for appraisals?

Like most closing costs, a home appraisal is a burden that falls on the buyer. Typically, the lender you choose will work with will actually order the appraisal. The cost, which usually amounts to a few hundred dollars, can be added to your closing fees. You can find the cost for an appraisal listed on the Closing Disclosure document provided by your chosen lender.

Which factors determine the homeís value?

To appraise the house itself, appraisers will look at the condition of the home. Theyíll also weigh the features of the home in their valuation--things like the number of bedrooms and bathrooms, for example.

However, the two key characteristics of a home that contribute to its value are its age and size.

Which external factors contribute to the homeís value?

As you might suspect, the location of your home matters greatly when it comes to appraisals. Homes are appraised based off of average prices for their neighborhood and region.

Other location factors include how accessible the home is, if itís located on a waterfront, and whether it has desirable views.

When does a home get appraised?

While your experience may vary based on your specific circumstances, most appraisals occur after a buyer has signed a purchase contract. One this is done, the lender will take the steps necessary to order and process the appraisal.

How long is the home appraisal process?

Once the buyer has signed a purchase contract, the appraisal is usually completed and processed within 7 days. The appraisal report will be sent to the lender. This report contains the appraised value of the home. Buyers are entitled to a copy of this report, and should keep one for their own records.




Tags: Buying a Home   appraisal  
Categories: Uncategorized  


Posted by David Tellier on 2/21/2019


1 Cole Ave, Haverhill, MA 01835

Bradford

Single-Family

$215,000
Price

4
Rooms
2
Beds
1
Baths
This home isn't going to last ó schedule your showing before it's gone. Single family home in sought-after Bradford section of Haverhill, Open concept first floor features sunny living room, spacious kitchen, breakfast nook, laundry room, full bath and slider to a fenced in backyard. Two good sized bedrooms on second floor. Quiet neighborhood yet close to shopping, restaurants, fitness center, pharmacy and Dunkins. Outdoor enthusiasts will find a playground and public boat ramp on Merrimack River nearby where you can launch a speedboat or kayak. Bradford ski area is only 2 ½ miles away. Act now, before it's too late.
Open House
Sunday
February 24 at 12:30 PM to 2:00 PM
Cannot make the Open Houses?
Location: 1 Cole Ave, Haverhill, MA 01835    Get Directions

Similar Properties





Categories: Open House