Homes of Distinction Realty



Posted by Homes of Distinction Realty on 5/18/2018

Making the decision to buy your first home is a big step. One of the most uncertain parts thatís involved in buying a home is that of securing a first-time mortgage. Youíll need to know what types of programs exist to help you on your journey to homeownership. Even if you have owned a home in the past but are now renting your home, you may be eligible for first-time mortgage benefits. 


The first thing you should do is understand your options for getting a mortgage. The Department of Housing and Urban Development often provides you with agents to help you see whether you will, in fact, qualify for a first time mortgage and all the benefits that go along with it. They may also help you to see exactly what programs will work best for you. You can find agencies in your specific area on the HUD website. 


Each state and local municipality have its own resources for those seeking to buy a home as well. These programs may get more specific, helping low-income earners, first-time home buyers and people with disabilities. Of course, youíll need to meet certain eligibility requirements before qualifying for the programs. Your state and local housing offices are other great places to start when youíre searching for benefits for first-time home buyers.   


Save, Save, Save! 


Even before you think you might be ready to buy a home, you need to start saving. Youíll need a significant down payment, especially if youíre hoping to avoid private mortgage insurance or PMI. If you canít swing a 20% down payment, thereís good news: First-time home buyers are eligible for loans that require a lower down payment- as little as 3%! 


Youíll also need a significant amount of savings to pay upfront for closing costs. These fees can come in somewhere between 3 and 4% of the purchase price of the home. It wonít be very pleasant if your bank account is completely empty by the time you reach the closing table. This is why itís a wise idea to save long before you even think you might want to buy a home.      



Look At Your Finances


In the same light of saving money, youíll want to keep your financial health in check in order to prepare to secure your first mortgage. First, check your credit score and see where you stand. You can take the time to dispute any discrepancies you may find on your report. Then, start paying off any credit card balances that you may have. Remember that the higher your credit score is, the better your chances are of securing a mortgage and being approved for a first-time home buyer program.





Posted by Homes of Distinction Realty on 5/11/2018

Looking to sell a home for the first time? Ultimately, a first-time home seller must be able to identify a strong offer for his or her residence. With extensive real estate insights, a first-time home seller may be better equipped than others to accept a strong offer and accelerate the home selling cycle.

Identifying a strong offer for a home can be quick and easy Ė even for a first-time home seller.

Now, let's take a look at three tips to help a first-time home seller differentiate between a strong offer and a poor one.

1. Analyze the Housing Market

The housing market can be complex, particularly for a first-time home seller. Fortunately, many free, easy-to-access resources are available to help a home seller learn about the ins and outs of the housing sector so he or she can plan accordingly.

For example, a home seller can check the prices of homes available in his or her area via a simple online search. This home seller can even find out how long a particular house has been available, whether the price of a home has been reduced over time and much more.

With in-depth knowledge of the real estate market, a home seller can study how his or her residence stacks up against the competition. Then, this home seller can establish a competitive price for his or her home, increasing the likelihood that he or she will receive a number of strong offers.

2. Understand Your Home Both Inside and Out

A home appraisal is a must for a first-time or experienced home seller, and perhaps it is easy to understand why.

During a home appraisal, a property inspector will take a close look at a house's interior and exterior. This inspector will provide a report at the appraisal's completion that highlights a house's strengths and weaknesses too.

For a home seller, an appraisal offers a valuable learning opportunity. It enables a home seller to gain deep insights into a home's condition that he or she may struggle to obtain elsewhere. That way, a home seller can complete assorted home repairs before listing a residence and boost his or her chances of receiving multiple offers that exceed a house's initial asking price.

3. Consult with a Real Estate Agent

A first-time home seller should meet with a real estate agent and discuss the differences between a strong offer and a poor one.

Thanks to a real estate agent, a home seller can seamlessly navigate the entire property selling journey as well.

Typically, a real estate agent will help a home seller establish a fair price for a residence from the get-go. This housing market professional also can offer helpful tips throughout the home selling journey to ensure a home seller can get the best possible results.

Don't leave anything to chance as you prepare to list a residence for the first time. Instead, take advantage of the aforementioned tips, and a first-time home seller should have no trouble distinguishing between a strong offer and a subpar proposal.




Categories: Uncategorized  


Posted by Homes of Distinction Realty on 5/4/2018

There are a lot of ways a real estate agent can help you find the best home for your needs. However, the final decision always rests squarely on your shoulders.

The challenge for many home buyers -- especially first-timers -- is to keep everything in perspective and avoid sacrificing features that are especially important to you.

Developing a carefully thought-out priority list, consisting of both necessities and "wish list" items, is an essential starting point for getting what you want in a new home. Even though house hunting can potentially wear you down, it's important to hang in there and stay true to your priorities.

While everyone has different expectations, lifestyle needs, and personal requirements, some things are bound to create issues down the road.

  • Being too close to neighbors: Depending on your need for privacy, this may or may not be a problem for you. However, if you don't want your life to feel like a reality show (with your neighbors being the audience), then it would probably pay to maintain a comfortable distance between houses. Unfortunately, that's not always possible. For example, if you're in the market for a home in an urban environment or a townhouse setting, then close proximity "comes with the territory". If living in suburbia is your objective, though, it's often feasible and desirable to keep some breathing room between neighbors.
  • Basement laundry: Having to go up and down an extra flight of stairs every time you do your laundry is not the worst thing in the world, but it can make laundry day more of a hassle. The inconvenience of a basement laundry is multiplied if you have to do several loads of laundry every week. To make that chore even more unpleasant, unfinished basements are often dank, musty smelling, and not much to look at! Regardless of the condition of the basement, though, having a first-floor laundry does make life a lot easier!
  • A tiny yard: A spacious yard is not a feature all house hunters require, but if you have dogs, kids, and the occasional backyard barbecue, then you'd probably find a good-sized yard to be more satisfying. On the other hand, if your short-term plan includes moving in a few years, then yard size might not be a major issue.
  • Being too far from conveniences: Do you have your heart set on a rural setting for your next home? If so, you may have to sacrifice being close to shopping, entertainment, friends, and work. It is a potential trade-off that you and your family will need to consider carefully. Reaching a consensus on what you must have versus what you'd like to have in a home will hopefully help ensure a decision you'll all be satisfied with.
There are literally dozens of other potential priorities to consider when searching for a new home, so it's wise to create a comprehensive list of the features, advantages, and amenities that are really important to you. Your real estate agent can work with you to pinpoint your house hunting requirements and help you find the house of your dreams... or at least a close facsimile!





Posted by Homes of Distinction Realty on 4/27/2018

Moving to a new town can be overwhelming. We are creatures of habit and moving to a new home in a new town puts us totally out of our comfort zone overnight. Being uprooted from our communities and day to day routines can leave us feeling a little lost. If you plan to or recently have moved to a new town keep reading for some tips on how to feel at home in your new community. Introduce yourself. A great way to do this is by hosting a housewarming party and inviting new neighbors to attend alongside your family and friends. For the shy, taking a walk around the neighborhood and introducing yourself, if you happen to run into a neighbor, may feel like a more natural way to make your introductions. Explore the area. Whether itís by car, bike, or foot get out there and discover your new neighborhood and town. Discover hidden gems and familiarize yourself with different routes you can use to get around. Shop local. Stop into the local restaurants and shops in your area. Becoming a regular at a spot to your particular liking can be a great way to become a part of the local community and even put you in a position to make some local friends. Play tourist. Get to know your new town by becoming familiar with the sites and places of note it is famous for. Check out the visitor center, community center and/or town hall for information on the attractions that make your town unique. Meetup. Hop online and browse the site Meetup.com for any groups in your local area that are interested in the same hobbies and/or activities as you. This is a great way to find your niche in your new community. If you are shy it is a great way to make friends in the area since you will have something in common with group members right off the bat. Go off the beaten path. Research where the local trails are in your area and pick a day to explore one. Being in nature is a great stress reliever, which is perfect after a big move. A lot of areas offer group walks along their trails which are a great way to meet other community members. Volunteer. Another great way to meet others in the community is by volunteering for local organizations. Not only will you be helping those in need within the community but you will be working side by side with others who enjoy helping as well. Read local. Pick up the local paper or join some of your areaís related Facebook pages to find out about events happening in your new town. Attending ones that pertain to your interests or even some that push your comfort zone will get you out and socializing with your fellow townspeople. While immersing yourself in the community of your new town can leave you feeling a little bit like the new kid in class, it doesnít have to be quite so painful. With a little bravery and willingness to get out of the house, you will be sure to feel at home in your new community in no time.




Tags: moving tips   community   advice  
Categories: Uncategorized  


Posted by Homes of Distinction Realty on 4/25/2018


4 Chestnut Road, Norfolk, MA 02056

Single-Family

$635,000
Price

10
Rooms
4
Beds
2/1
Full/Half Baths
Do you like privacy? This beautiful colonial located on a private, wooded corner lot near Mirror Lake is exactly what you have been waiting for! A 3-minute walk to Mirror Lake! Enjoy fishing, swimming and kayaking. Gorgeous kitchen w/granite, island, SS appliances & oversized 14x16 deck to enjoy, opens to enormous family room - both w/recessed lighting. Formal dining rm w/chair rail & wainscoting. Fantastic open floor plan perfect for entertaining. Gas (propane) for oven, dryer & oversized fireplace. Huge master suite complete w/office or nursery, gigantic walk-in closet & large master bathroom w/tiled shower & double vanity. There are 3 additional good-sized bedrooms w/big closets on 2nd fl. Central AC, 2 car attached garage. High quality construction including under-cabinet lighting, slow-close drawers, copper piping, central vac, Harvey windows, wiring for TV above mantel, hardwood floors throughout & whole building ventilation control. A short drive to the commuter rail.
Open House
No scheduled Open Houses

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