Marianne Avila - Berkshire Hathaway HomeServices Verani Realty



Posted by Marianne Avila on 3/31/2020


57 Greenside Way, Methuen, MA 01844

Single-Family

$750,000
Price

8
Rooms
3
Beds
4/1
Full/Half Baths
VIRTUAL OH -Book w/your agent or call for private viewing. This stunning & sophisticated Colonial w/a contemporary flare in desirable Merrimack Greens allows you to be part of the Merrimack golf community.This luxury packed home has great curb appeal w/prof lndscd lawn, gunite pool,stone patio, flowering plants & tranquil waterfalls. High ceilings abound w/perfect flow for everyday living & ease of entertaining.Be impressed by the open concept LR that introduces the DR.Sparkling kitchen w/island, stone back-splash, granite, eat-in area w/panoramic views.Open concept living incl a cathedral sun filled fireplacd FR perfect for friendly gatherings.An office, laundry/mud rm w/counter/sink and a lovely BA Ascend to 2nd flr boasting a grand master suite w/sitting area, w/i closet & indulgent marble bath, 2 generous en-suite BRs, an impressive bridge overlooking FR. Stunning LL bonus & media rm,tiled 3/4 BA.Handsomely stated, Architectural Details, Breathtaking Sunsets- Experience Paradise!
Open House
Sunday
April 05 at 12:00 PM to 2:00 PM
Virtual Open House! Take a Virtual Tour Now(Copy and paste the link below into your browser) http://michaelsockness.com/tours/2019/57greenside/vidmls9.html Call Marianne at (978)984-3188 to schedule your slot or have your agent book today through ShowingTime 888-627-2775
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Location: 57 Greenside Way, Methuen, MA 01844    Get Directions

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Categories: Open House  


Posted by Marianne Avila on 3/29/2020

ďShort salesĒ may have one of the most deceiving names in real estate. Any client who is undertaking the purchase of a short sale property will ask, ďWhy is this taking so long?Ē Short sales generally happen due to lapsed payments on a mortgage. In the short sale, the owners take a loss on the property, but it saves them from being foreclosed on by the bank. Many of these sales are circumstantial by divorce, or a sudden change in job. The seller asks the bank to take less money than the amount owed on the house in a short sale transaction. 


If Youíre Buying A Short Sale Property


If you have made an offer and the seller accepts it, your dealings are far from over in a short sale. The sellerís bank needs to approve the sale. Since the bank is losing money in the deal, this is where the hold up can be in the entire transaction.


The First Step


The sellerís bank must review the short sale package first. The seller needs to submit a complete picture of their finances to the lender. The sellerís credit score will also be reviewed. A bank would not approve a short sale if, letís say, the seller happened to have a lot of extra cash just sitting in a bank account. The lender needs to protect themselves.


The listing agent should be on top of all of the paperwork that should be done in order to have the transaction approved. As a buyer, youíll appreciate a good short sale listing agent. 


Make Sure Everything Is In Order


Thereís a lot of paperwork to sign in order to get a house. Thereís even more paperwork to sign in order to secure the purchase of a short sale. If just one page of the documents are missing or one signature is left unsigned, the entire process can be slowed down even more. As a buyer, you should confirm that all the required documents have been signed and received. 


Another problem that can occur is that documents quickly become outdated. Bank and other financial statements are a good example of this. By the time paperwork is ready to go through the lender, last monthís bank statement could be completely outdated. The lender will then need an updated statement, holding up the process even more. The seller and agent need to be ready for these circumstances. The faster the lender is responded to, the smoother the process will go.          

 

Remember Youíre Working With Two Banks


When youíre purchasing a home thatís a short sale, youíll need to deal with two banks- your lender and the bank handling the short sale. Be mindful of the timelines that each bank has. If you arenít, you could be approved hours too late to buy the property, leaving you and the seller to start from scratch. 


Buying a short sale is risky because there is always a greater chance the sale will fall through or succumb to foreclosure due to some kind of circumstances beyond the buyer or the sellerís control. If you have the right realtors on both sides of the table, the process of buying a short sale should go as smoothly as can be expected.      





Posted by Marianne Avila on 3/22/2020

The process of buying a home is anything but cut and dry. There will undoubtedly be some twists and turns along the way. First, you need to be pre-approved for a mortgage. Then, youíll need to find a home that fits both your needs and your budget. Finally, youíll put in an offer on a place and hope for the best throughout the rest of the process.


There are plenty of things that you can do as a buyer to make buying a home both easier and more streamlined. Below, youíll find some of the best tips that are specifically for those seeking to buy a home. 


Give Them An Offer They Canít Refuse


When there is a low quantity of homes and a high number of buyers, competition can get fierce. When the market is like this, youíre not guaranteed to get a property that you put an offer on. It may take making several offers on homes in order for you to finally get the keys to your dream house. 


You never want your offer to be too low. A low offer could be insulting to sellers and instead of being countered, could just be outright refused. Make an offer too high and you still have a problem. A high offer may be accepted, however, itís not going to be approved by your mortgage company for you to borrow that much for the purchase. If an offer is accepted and a home appraises for less, you may be left with thousands of dollars that you need to pay on the spot in order to secure the home. 


The best way to present an attractive offer is to work with an expert realtor who can do the appropriate research and let you know what a good offer on the home would be.           


Know Your Contingencies


After an offer on a home has been accepted, you need to get to work on the contingencies that youíre going to want on the home. Your realtor will also be a huge advocate in this area. Contingencies will include things like the right to do a home inspection, the appraisal contingency, and the contingency that youíll only be able to move forward with buying the home if you have appropriate financing. These protect you as a buyer so that if something falls through, youíll be able to back out of the deal without a penalty.


Donít Go Credit Happy


Once your offer is accepted and your financing is in place, donít head out to buy tons of new furniture and appliances for your new home. Your credit matters until you get the keys to the house. Opening new credit cards or adding significant debt can affect your credit score negatively, possibly putting a damper on your home purchase. Hold off on making purchases until after you move into the house.    





Tags: Buying a home  
Categories: Uncategorized  


Posted by Marianne Avila on 3/20/2020

This Single-Family in Salem, NH recently sold for $400,000. This Colonial,Bungalow style home was sold by Marianne Avila - Berkshire Hathaway HomeServices Verani Realty.


17 Stillwater Circle, Salem, NH 03079

Single-Family

$399,900
Price
$400,000
Sale Price

6
Rooms
3
Beds
1
Baths
Imagine living behind historic stone walls of the former Searles Estate surrounded by nature & wildlife set serenely on Stillwater Pond within its own private community. This unique 3 BR home encompasses a tasteful combination of old charm with modern touches perfect for those that desire a lifestyle surrounded by history. Convenient vestibule leads to a lovely kitchen boasting exposed brick, tile back-splash, SS appliances & granite counters.Down the hall find the updated bath & lovely first floor Master w/custom built-in walk-in closet/dressing room.Enter the Living/Dining Rm with a striking fireplace, bay window & hrdwd flr. Family rm offers a fireplace & corner windows bringing nature inside.Two side by side bdrms on the 2nd floor. Features include an oversized 2 stall garage for equipmnt, tools,recreational vehicles w/its own electrical panel, salt water I/G pool, vinyl fenced yard, lots of storage, farmers porch w/swing, beautiful views & sounds of the private pond. A Unique Gem!

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Tags: Real Estate   Single-Family   Salem   03079  
Categories: Sold Homes  


Posted by Marianne Avila on 3/15/2020

Image by Chanh Nguyen from Pixabay

Buying a home ranks among the largest purchases everyday people make in their entire lifetimes. If you have gone through the process at least once, you probably gained some valuable life lessons. Whether it’s time to purchase a larger home for a growing family or downsize to a more manageable living space, there are pitfalls that trip up even experienced homebuyers. These rank among the unforeseen issues that can cause setbacks and ways to avoid them.

1: Overcompensating For Past Regrets

When buyers search for their next home, it’s not uncommon to be driven by the perceived shortcomings of the last. For example, you bought a property that had all the living space you need. This may have included a home office, attached garage, and plenty of room to entertain guests. The downside may have been a lack of outdoor living space. Driven by the desire to have a veranda, deck, or big yard, emotion may cause you to compromise on other musts. It may be in your best interest to make a checklist of your needs and be certain you won’t experience buyer’s regret, a second time.

2: Skipping Contingency Planning

It’s not unusual for people to see properties moving quickly in their area and become overconfident yours won’t sit on the market long. The common mistake is to move forward and buy your dream home while expecting only a short period of holding two mortgages. If for some odd reason the market goes dormant in your neighborhood, the financial implications could prove disastrous.

The flipside is selling your hot property and renting as a stop-gap measure. Low housing inventories and competitive markets could land you in a pinch, and home-ownerless for an extended period. These are the reasons why people rely on contingency plans. Craft a deal that sets the homes up like a series of dominoes. When one sells, they all move, and you spend only one day relocating instead of many in a tight spot. Contingencies provide security and stability.

3: Forecasting A Neighborhood’s Future

No homebuyer or real estate professional has a crystal ball that accurately predicts a property’s value. But there is plenty of hard data that can be used to indicate whether a neighborhood is trending in the positive or negative. This may be particularly true in 2020.

Potential homebuyers can look at the pricing that includes listing, sales, and valuations that began before the last recession and lending crisis. You can expect to see a decline in these measures during that rough period. But these days, the economy is robust in many areas. How the property, and surrounding area, performed coming out of the recession could be a telltale sign of where values are heading. The point is to conduct thorough due diligence about the home and others in the neighborhood. Making an informed decision is critical to purchasing a property, regardless of whether you’re a newbie or seasoned homebuyer.




Categories: Uncategorized  




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