South Boston Realty News - July 2012
Tips For A Successful South Boston Home Sale
Selling a home in South Boston can be a challenging task, but selling a home successfully and maximizing its value is an even tougher one! My dad taught me to abide by the 5 ‘P’s in life. ‘Proper Planning Prevents Poor Performance’ and when it comes to selling a home… He couldn’t be more right!
Remove Clutter From Your Home: Less is more when it comes to selling your South Boston home. Go through your home with the mind set of what you are planning on keeping. Anything that you do not plan on keeping then throw away. This rule includes basements and garages.
Tables, desks and countertops should be mostly clear to provide the feeling of as much surface space as possible.
Remove family photos from walls, shelves and fireplace mantles. We need buyer’s to picture themselves in your home, not pondering your happy memories of living in South Boston.
Remove any unnecessary furniture and clothing in closets while using Jeffrey Chubb’s complimentary moving truck to put it into storage.
Improve Your Curb Appeal: Even in South Boston we still have to look at ‘curb appeal’. If you live in a condo, it is very important to make sure the public areas leading up to your unit are clean and well kept. If it’s not in the association’s budget, then you may want to put a fresh coat of paint on the complex door and do some touchups in the hallway as a minor investment can provide some maximum returns. Be sure to also look at common light fixtures and replace light bulbs when needed.
Fix problems around the house: Go through each room of your home and note all the little things that need fixing. Even the little things matter. If you noticed it, then a potential buyer will too!
Choose The RIGHT Agent: Experience matters when it comes to hiring someone to sell your South Boston home. Hiring the best doesn’t cost you anymore, but can end up saving you $THOUSANDS in the end. Give the #1 RE/MAX Agent in Boston and one of the top 10 agents in New England a call at 617-480-2600 or visit him online at www.MoveWithChubb.com.
Tips When Looking For a Mortgage in South Boston
Finding an affordable house is no longer a problem but qualifying for a mortgage can be. Six tips to getting a mortgage and a good rate.
Put your credit on ice: The higher your credit score, the lower your rate: The best rates go to those with a 760 or more, says credit-score expert John Ulzheimer.
So keep that plastic in your wallet (and don't apply for new cards or other loans) for at least three months before you go loan shopping. One large balance -- even if it's paid off at the end of the month -- can ding your score by 20 points or more.
Ask for time: Most sales contracts give you only 10 days to nab a loan or the seller can move on. Negotiate for an additional five to 10 days to give you some room to shop around.
Get 2-3 quotes: Rates on a 30-year fixed conforming loan can vary at least as much as a quarter of a percentage point. Get quotes from national lenders and find out what your local credit union or regional bank is offering as well. Inquire about fees; while lenders aren't required to give you a good-faith estimate of closing costs (which average 2% of the loan balance) until you actually apply, some will provide it if you ask.
Match the lock period to the loan: You now need 60 days or more to close a loan, says Wharton professor and mortgage expert Jack Guttentag of mtgprofessor.com, and getting an extension on a lock will cost at least a couple hundred dollars. Ask your lender how long it's taking to close loans like yours -- and don't lock for less.
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