MDM Realty, Inc - MDM Realty, Inc



Posted by MDM Realty, Inc on 6/2/2020

A home showing may prove to be a life-changing event, and for good reason. If a homebuyer attends a showing and likes what he or she sees, it may be only a matter of time before this individual submits an offer to acquire a residence. As such, it is important to prepare for a home showing to ensure a buyer can fully evaluate a house and determine whether it is the ideal choice.

Ultimately, there are many reasons why homebuyers should put together a list of questions prior to a home showing, and these reasons include:

1. You can attend a home showing with a strategy in place.

A home listing usually includes information about a house's age and condition. However, few homebuyers are willing to submit an offer on a house based on a listing alone. But if you use a home listing to prepare questions before a showing, you can attend a showing with a plan in place to pursue your dream residence.

Oftentimes, it helps to prepare a list of general questions about a home. You then can review this list in conjunction with a home listing and determine which questions are answered in the listing itself. If you find assorted questions are still unanswered in the listing, you should not hesitate to find answers to these questions when you attend a showing.

2. You can gain deep insights into a house's condition.

Preparing a list of questions prior to a home showing may enable you to gain the insights that you need to make the best-possible decision about a house. And in most instances, you can never prepare too many questions to ensure that you can make an informed decision about a house.

Remember, buying a house is a major decision. If you put together a list of questions before a home showing, you can help take the guesswork out of deciding whether to submit an offer on a home.

3. You may be able to speed up the homebuying process.

The homebuying cycle may prove to be long and complicated, particularly for a homebuyer who is uncertain about how to proceed. With a list of questions in hand, you can attend a home showing and gain expert insights right away. Meanwhile, these insights can help you decide whether a house is right for you.

As you get ready for a home showing, you may want to consult with a real estate agent as well. A real estate agent is happy to help you craft a list of questions prior to a home showing. Also, this housing market professional can keep you up to date about houses that match your homebuying criteria, help you submit offers on homes and much more.

When it comes to home showings, it helps to plan ahead as much as possible. If you prepare a list of questions prior to your next showing, you should have no trouble evaluating a house.




Tags: Buying a Home   showing  
Categories: Uncategorized  


Posted by MDM Realty, Inc on 5/27/2020


30 Walnut St, Shrewsbury, MA 01545

Single-Family

$397,500
Price

7
Rooms
3
Beds
2
Baths
GREAT LOCATION, GREAT TOWN!! This charming 3 bedroom/2 bath/2 story property has a prime location in Shrewsbury and is waiting for your updates and personal touches. Located In a friendly neighborhood with an easy walk to Dean Park and Ward Hill Ski Area, this home is a 5 minute drive to Northboro Crossing and a 10 minute drive to the Westboro MBTA. Built solidly in 1911 this New England farmhouse style home has many improvements including a 7'x 21' three-season porch, renovated 2nd floor bath, newly paved driveway, detached 2 car garage and spacious shed. The spacious 2/3 acre yard boasts mature trees and many plantings. Full basement and walk-up attic offer storage galore.
Open House
Saturday
May 30 at 11:00 AM to 12:30 PM
House will be shown on a first come, first serve basis. Parties of 4 or less will be allowed to tour the home for a 15 minute timeframe. See you soon!
Cannot make the Open Houses?
Location: 30 Walnut St, Shrewsbury, MA 01545    Get Directions

Similar Properties





Categories: Open House  


Posted by MDM Realty, Inc on 5/27/2020


30 Walnut St, Shrewsbury, MA 01545

Single-Family

$397,500
Price

7
Rooms
3
Beds
2
Baths
Great location!! This charming 3 bedroom/2 bath/2 story property has a prime location in Shrewsbury and is waiting for your updates and personal touch. Located In a friendly neighborhood with an easy walk to Dean Park and Ward Hill Ski Area, this home is a 5 minute drive to Northboro Crossing and a 10 minute drive to the Westboro MBTA. Built solidly in 1911 this New England farmhouse style home has many improvements including a 7'x 21' three-season porch, renovated 2nd floor bath, newly paved driveway, detached 2 car garage and spacious shed. The spacious 2/3 acre yard boasts mature trees and many plantings. Full basement and walk-up attic offer storage galore.
Open House
No scheduled Open Houses

Similar Properties





Categories: Price Change  


Posted by MDM Realty, Inc on 5/26/2020


 Photo by Mohamed Hassan via Pixabay

For years home ownership has been the American dream, but, according to the Pew Research Center, a higher percentage of us are renters than at any other time in the last 50 years. Is that a bad thing? Not necessarily. For many people renting may be the right choice. Every individual and family needs to consider all the factors and make the decision that’s right for them.

The Financial Consideration

There’s a rule of thumb called the price to rent ratio. You get it by dividing the price of a house by the annual rent. For example, if you can buy a house for $300,000 or rent it for $1500 per month, the ratio is 300,000 / (12 * 1500), or 16.7. When the number is 15 or less, buying is the better choice, when it’s 16 to 20, renting becomes more favorable and when it’s over 20 renting is significantly better. However, this fails to take in factors like down payment amount, financing terms, taxes, insurance and other costs, which can vary widely. A more accurate number, telling you how long it will take to cover the up-front costs of ownership and pull even financially with renting, can be found using one of many calculators available.

The Other Considerations

While this sort of calculation is valuable, there are other questions, both financial and lifestyle-related, that the potential renter or buyer must ask.

  • What can I spend upfront for down payment and closing costs?

  • Can I afford a major repair such as replacing a furnace or air conditioner? There are insurance-like plans to defray some of that cost, but those make up another annual expense.

  • How long do I plan to stay? Selling a home and buying a new one is costly and time-consuming.

  • Which is more important to me, stability or flexibility?

Advantages of Home Ownership

As the inheritor of the American dream, the homeowner has some opportunities and privileges that the renter can’t enjoy.

  • Appreciation and equity. As home value rises and morgage balance drops, homeowners gain equity, which for many is their most valuable asset.

  • Building credit.

  • Freedom to remodel. There’s no landlord telling you what you can and can’t do with your property.

  • Stable monthly payments. Taxes and insurance can increase, but principal and interest payment remains the same. If you stay there long enough, eventually you’ll have no principal/interest to pay at all.

  • Tax advantage. For most people, it isn’t what it was before the 2017 tax changes, but interest and taxes may still be deductible.

  • Stability. You can become a member of your neighborhood and your children can stay in the same school system. No landlord can decide to sell and give you notice.

Advantages of Renting

  • No large upfront expenses.

  • Your landlord is responsible for major repairs.

  • Still some opportunity to build credit by paying rent promptly.

  • You have less at risk. You won’t be affected if property values fall.

  • Flexibility. If you choose to move you can easily give notice and do so.

Here’s one last question: which feels better, the satisfaction of owning your own castle or the freedom to change your life quickly? The answer may go a long way toward pointing you in the right direction.

 

 

 

 

 

 




Categories: Uncategorized  


Posted by MDM Realty, Inc on 5/22/2020


25 Oak Ridge Ln, Ashland, MA 01721

Single-Family

$469,900
Price

6
Rooms
3
Beds
2
Baths
A 3 bedroom, 2 bath, updated Cape on a cul de sac? Yes, that is what this charming home offers and so much more. A professionally landscaped yard welcomes you curbside to this 3/4 acre lot. Walk through the front door or maybe through the mud room and you are met by an updated kitchen with stainless steel appliances, beautiful hardwood floors and french doors to an expansive deck and backyard. The first floor offers the possibility of 2 bedrooms or a bedroom and office and also a full updated bath. The second floor is home to two other bedrooms with climate controlled A/C in each of them as well as a full bath. The massive two car garage is a dream not only because of size but boasts a large area above the garage which will provide great storage or possibly extra living space (20 x 13). The finished walkout basement provides a wonderful additional space for the whole family, a gym or playroom for the kids. Easy access to the commuter rail, Route 9 and Mass Pike.
Open House
No scheduled Open Houses






Categories: New Homes