Negotiation is a subtle art in real estate, but skilled negotiators can usually find some common ground that satisfies all parties. On the other hand, using the wrong negotiation tactics can sink a deal pretty quickly. Here are some negotiation tactics buyers (and real estate professionals) should avoid:
An outdoor enthusiasts dream location!! This well maintained 3 bdrm colonial abuts the conservation land of the Vietnam Veterans Park which offers an abundance of trails, you can also launch your canoe or kayak directly across the street or just relax on your front porch admiring the views of Winning Pond!! The open floor plan is ideal for entertaining! Eat in kitchen with pantry, formal dining room open to the large living room and a little nook for an office! Hardwood floors are through out the 1st floor & 2nd floor hallway. Upstairs offers 3 generous sized bedrooms, full bath and pull down attic access. Basement is partially finished and great potential for additional space! Easy to maintained fenced yard with oversized deck that overlooks the conservation land where you can catch many of mother natures little furry friends!
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Heating costs rise year after year, leaving homeowners with growing concerns over how they’re going to make it affordable to keep their home warm during the winter months.
Solutions to this issue range from long-term investments to quick fixes that will help you save in the short term. If you’re renting an apartment or plan on moving soon, you might be better off focusing on low-cost, short-term fixes while you shop for a home that is more energy-efficient.
In this article, we’ll cover both types of solutions so you can start saving money and fearing the heating bill each month.
Read on for the list of the most cost-effective ways to save on heating your house this winter.
A lot of heat can be lost from a door that has worn and outdated weatherstripping. Replacing it will help reduce heat loss for years to come.
Another common issue is heat being lost from door thresholds. To find out if your threshold needs to be adjusted, look for a space in between the bottom of the door and the threshold. It’s often easiest to see this at night if there’s a light on the other side of the door.
Many door thresholds can be adjusted by tightening and loosening a screw. However, if you’re renting and don’t want to make any big changes to the doors without your landlord’s permission, a good quick fix is to use something called a draft guard. This is essentially a roll of fabric that rests against the bottom of the door and blocks cold air from entering the house.
With a programmable thermostat, you can decide when it matters most to you to heat the home. For homeowners who are at work from 9-5, it might not be necessary to heat an empty home for the whole day.
Similarly, you can save quite a bit of money by lowering your thermostat by 5 degrees during the night time while you’re asleep.
If you work from home, you might want to keep the house warm during the day so you can focus on your work rather than how cold your toes are! However, you also have the advantage of being home to take advantage of solar heat.
Opening shades and blinds that are receiving direct sunlight and closing those that aren’t is a great way to raise the temperature in your home by a few degrees on sunny days.
Most homes lose a significant amount of heat to small cracks around window frames, electrical units, and other vulnerable areas around the home. Sealing up these cracks and holes can save you a substantial amount of money, especially if you live in an older home that has seen a lot of wear and tear.
There’s no need to heat every room in your house during the colder months. Keeping bedroom and bathroom doors shut and using a small space heater in the room you’re occupying is a great way to reduce your heating bill.
Massachusetts Home Buying – Is the Purchase and Sale Deposit the Same as the Down Payment?
Being a Massachusetts home buyer is a bit different than buying in some other parts of the country. Here in Massachusetts we have a two part contract system. It consists of the “Offer to Purchase” and the “Purchase and Sale Agreement.”
Initially, at the offer stage it is customary to put a deposit of $500 to $1,000 along with the offer in order to bind the agreement.
Ten days to two weeks after the offer comes the Purchase and Sale Agreement. This is the actual complete document that will have all the terms and conditions of the sale. At Purchase and Sale signing, the buyer will put down a more substantial deposit in order for the seller to feel secure about taking the property off of the market.
The question then arises – is the Purchase and Sales deposit the same as the “down payment?”
The customary amount for the P&S deposit is equal to 5% of the purchase price you will be paying for the property. And, I would not advise putting down any more than this. There is really no reason to do so.
Unless you are in the situation with an FHA or VA loan in which you will be able to put a low down payment, 5% will not be a significant enough amount to qualify as your complete down payment. This is still merely a deposit that holds the property off of the market.
When the P&S is signed and executed, the deposit check is cashed and the funds are put into an escrow account. There they will stay there until your closing at which time this money is brought forward and applied to your purchase.
At the time of your closing you will be bringing “good funds,” usually a bank check, for the remaining amount of your down payment as well as any closing costs.
As a Massachusetts home buyer you should know – there is a definite distinction between the Purchase and Sale deposit and your down payment.
Spring represents a lovely time to buy a house. As such, many homebuyers enter the spring real estate market with a common goal – to find the best house at the best price.
What can you do to separate yourself from the homebuying competition? Here are three spring homebuying tips that you need to know:
1. Plan Ahead
The housing market moves quickly, and homebuyers who lack the necessary real estate skills and know-how may fall behind the competition. On the other hand, homebuyers who prepare for the spring real estate market should have no trouble discovering the perfect house.
Evaluate the real estate market closely. Consider your finances and the size of the house that you would like to purchase. Also, examine the prices of houses in your area and how long these homes have been available.
Ultimately, a diligent homebuyer will plan ahead as much as possible. By doing so, this individual will be ready to browse properties and submit offers on residences as soon as springtime arrives.
2. Get Pre-Approved for a Mortgage
Homebuyers who receive pre-approval for a mortgage can set realistic expectations for the spring housing market. These homebuyers will know exactly what they can afford, and as such, can narrow their home search.
Getting pre-approved for a mortgage will require you to meet with a bank or credit union and consider all of the financing options at your disposal. Each lender will be able to explain the differences between adjustable- and fixed-rate mortgages and respond to your mortgage concerns and questions as well.
With pre-approval for a mortgage, a homebuyer may stand out from the competition. This individual will be able to streamline the process of submitting an offer on a home. Plus, this homebuyer may be able to boost his or her chances of receiving a “Yes” from a home seller.
3. Hire an Experienced Real Estate Agent
An experienced real estate agent won’t take shortcuts, and as a result, will go above and beyond the call of duty to help you find the perfect home in spring.
Hiring an experienced real estate agent may seem difficult due to the sheer volume of real estate professionals that are available. However, homebuyers who consider a real estate agent’s reputation and credentials may be able to work with a great real estate professional who can guide them along the homebuying journey.
How do past homebuyers rate a real estate agent? Does a real estate agent possess many years of experience? And how will a real estate agent handle tough negotiations with a home seller? These are just some of the questions for a homebuyer to consider when he or she evaluates a real estate agent.
In addition, homebuyers will want to hire an experienced real estate agent who is available to answer their homebuying queries. This real estate professional will allocate the necessary time and resources to support a homebuyer and ensure that this individual can make informed decisions.
Employ an experienced real estate agent to help you find a home in spring. With this real estate agent at your side, you can move closer to purchasing your dream residence