Anastasia Kaufman - ABR, SFR, GRI, CDPE - RE/MAX Town & Country | Lincoln, RI Real Estate


67 Scituate Avenue, Scituate, RI 02831

Single Family Home

$329,000                    $307,000   
List Price                    Sale Price


Beds         Total Number of Rooms      Baths

  2                      5                   2 




 

Custom built sprawling ranch with granite siding with matching stone fireplace with marble accents. This home also offers 2 bedrooms and 2 full bathrooms. Hardwood floors throughout. Over-sized living room for entertaining. Large sun room connecting the garage and home. Large circular driveway with a drive through garages. The home is situated on a corner lot, close to Cranston with an easy and quick access to the highway with views of the scituate reservoir after the foliage. Finished lower level perfect for expanded entertaining or family room.



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BUYING, FINANCE

Don’t Let Homebuying Myths Stop You From Becoming a Homeowner

Do you really need 20% of your own money to put down on a house? Of course not. Yet that myth and several others continue to keep many would-be homeowners on the sidelines in one of the most favorable mortgage rate environments in decades. Here’s the truth.

Downpayment Myths

You can always put down as much as you like and the more you do, the lower your monthly house payment will be. But the truth is, the median downpayment over the 30-year period ending in 2018 was just 13%, according to the National Association of Realtors.

And that’s for all buyers, including move-up or move-down buyers who presumably could have used the equity from the sale of their current residence to bring a lot more dough to the table. First-time buyers alone made a median downpayment of a mere 7% and if you wait until you accumulate enough cash to put 20% down, it could take years before you can buy.

Downpayment assistance is available for single-family houses, townhouses, and condominium apartments. Most programs will offer help and include grants, which need not be repaid, along with no-interest or low-interest second mortgages that are either deferred or forgiven completely. Some are aimed specifically at veterans, first responders, educators, and persons with disabilities or other special needs. And in many cases, the programs can be combined with each other and used with all types of loans, including those backed by Uncle Sam.

According to Down Payment Resource, an outfit that keeps tabs on the various programs, nearly 87% of the 2,500 platforms nationwide have funds available right now. But, a study by the Urban Institute found that three-quarters all buyers don’t know about them. Had they known about these funds, more than a third of all buyers would have qualified for $9,200 in assistance.

Credit Scores and Building Credit

Credit scores are snapshots in time that show how you use credit, and they are the holy grail of housing finance. The higher your score, the more likely you are approved for a home loan and possibly a lower rate interest rate. One key factor that goes into your credit score is how you pay your bills while another is how you use the credit available to you. So don’t be late and use no more than 30% of your available credit.

But you don’t need a credit score in the 700s, or even the 600s, to have your loan application accepted. Truth is, you can qualify for financing if your score is as low as 580. Based on scores for about 1 million members of credit reporting company TransUnion, the average ranged from 662, depending on location. But, the lowest the government will go on a Federal Housing Administration-insured loan with just 3.5% down is 580.

A good credit score is considered to be between 670 and 739 with a top score at 850. Mortgage applicants with a score below 620 are considered high-risk and might have trouble qualifying; however, some loan programs will take borrowers with lower scores if they are willing to pay a somewhat higher interest rate or make a larger downpayment.

Shop Lenders

Your real estate agent may recommend a lender, or you might already have one, but don’t limit yourself. Truth is, all lenders are not the same and it can pay to browse.

A recent LendingTree survey found that folks who shopped around found a rate of 1.02 percentage points lower than those who didn’t. On a $300,000, 30-year loan, that translates to a $48,364 savings in interest fees over the loan’s full term. You also can save $2,000 or more in the fees lenders charge, like appraisals, notaries, origination fees and the like, so be sure to shop around.

There are a number of other widely-held old home myths that trample potential buyers into non-action or indecisiveness. So the best thing you can do is find an independent housing counselor who can answer all your questions and offer sound advice. Counseling agencies can be found throughout the country and can provide advice on buying or renting a home, defaults, foreclosures, and credit issues. You are able to search reputable counseling agencies that are approved by the Department of Housing and Urban Development to assist you on your hunt.



LEW SICHELMAN

Syndicated newspaper columnist, Lew Sichelman has been covering the housing market and all it entails for more than 50 years. He is an award-winning journalist who worked at two major Washington, D.C. newspapers and is a past president of the National Association of Real Estate Editors.


Article Link: http://bit.ly/2O974tf



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29 Pleasant Street, Cumberland, RI 02864

2 Unit Multi Family Home

$239,900                    $245,000   
List Price                    Sale Price


Beds         Total Number of Rooms      Baths

  4                      10                   2 


Updated 2 family home in Cumberland. Will make a great owner occupied or investor home. First floor has all new paint, hardwoods throughout, updated kitchen with granite and newer appliances. 2 bedrooms, Big bright living room and a large bathroom with newer tile floor. The bright freshly painted second floor has 2 spacious bedrooms, large kitchen and living area and hardwoods throughout. The exterior of the home has vinyl siding, vinyl windows, newer house roof and new garage roof.


Watch my youtube channel here: https://www.youtube.com/channel/UCrJ_RQ936evOTUDiWFMOarg

Visit my facebook account here: https://www.facebook.com/AnastasiaRealtor/

Download Anastasia's Smart Home Finder App here: http://87778.mobi/REANAS



 


If you’re hunting for a new home and have come across one that fits all of your requirements and more, it can seem like the only thing you can do is make an offer and wait.

However, your first choice could also be another buyer’s dream home. And, if a higher bid isn’t feasible, you have to find other ways to win over the seller. One way this can be achieved is through writing a letter to the owner of the home.

If you’re bidding on your dream home, writing a letter the the owner can be anxiety inducing. Choosing what to reveal and finding the right words can be scary, even for the most seasoned writer.

So, in this article we’re going to walk you through writing a letter to a seller to give you the best possible chance of winning the bid for a new home.

Tell them why you love their home

If you’ve fallen in love with certain aspects of the home, there’s a good chance the sellers did too. Be personal in your explanations. Rather than just say you love the location, mention that it is a perfect distance to walk to the playground with your children or pets. This will help buyers better understand you and your story.

If you have family who lives nearby, or if the home has features that can greatly improve the life of you, your family, or your pets, be sure to mention this in the letter as well.

Don’t press or plead, just be polite

It can seem desperate and off-putting to receive a letter pleading with you to sell your home to someone. So, when you’re writing your letter and you come to the end, simply thank the buyer for their time and for reading, compliment them once more, and wish them luck in their new home.

Revise and review

It can be tempting to send your letter immediately after writing it, especially if writing is you don’t like writing in general. However, it’s always a good idea to revise. I suggest writing your letter one night, then reading it again the next evening to give yourself time and distance from it--this way you’ll be reading it with fresh eyes and will be able to find any wording that sounds strange or confusing.

It’s also a good idea to run your writing through a free proofreader like Grammarly. And, finally, there is no substitute for having an editor. Ask one of your friends or family members to read the letter and give you feedback.

Stand out from the crowd

There are a few things you can include in your letter to set you apart from other potential buyers. Including a family photo will help the sellers put a face to the names you mention in the letter.

It can also be helpful to print and mail the letter, rather than sending it electronically. Since we so rarely receive a physical copy of a letter these days (unless it’s from a bill collector), it can be nice to receive something positive in the mail for a change.


 
October 24, 2019

Nearly 60% of consumers who claim to live in a haunted house say they didn’t know their house was haunted until after they moved in, reveals a new survey from realtor.com®.

What makes a house haunted? Strange noises and shadows are the spookiest occurrences reported by homeowners. Forty-eight percent of survey respondents said items inside the home shifted on their own, 47% said certain rooms felt haunted, 46% said they would feel touched, and 44% said their home had hot and cold spots, according to realtor.com®’s fourth annual Haunted Real Estate Report.

“Moving into a new home is a really exciting time, but finding out that your new abode has an unwanted guest can definitely put a damper on the celebration,” says Nate Johnson, chief marketing officer at realtor.com®. “We conduct this survey annually and it’s always interesting to see the results. This year, we were surprised by how many people had unknowingly moved into a haunted house at some point in their lives, and even more so by how many people knew and decided to move in regardless.”

Thirty-seven percent of respondents say they had a feeling the home they wanted to buy was haunted, but they decided to move in anyway, the survey showed. Twenty-three percent of survey respondents said that if they moved into a haunted house, they would try to flush ghosts out with a renovation, such as with a new kitchen or floor replacement.

While some unexpected ghosts may come with a house, most of the surveyed consumers agree on one thing: They prefer to live in a home that is ghost-free. They’re much more willing to live next to a haunted house, though. Nearly 43% of respondents were willing to live next to a house they believed is haunted.

realtor.com haunted house infographic.

© realtor.com

Source: 


Watch my youtube channel here: https://www.youtube.com/channel/UCrJ_RQ936evOTUDiWFMOarg

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