Ryan Seward - RE/MAX Select Realty



Posted by Ryan Seward on 7/26/2018

If youíre thinking about buying a home, youíve probably heard a lot about closing costs. Closing costs can come at a hefty price- up to 5% of your homeís purchase price. When that amount must be paid up front, you need to make sure you have a sizable amount of cash on hand.  


Thereís many different kinds of fees included in the closing costs. Your lender will give you an estimate of what your closing costs will be, but you may not know what any of the terms that are included actually mean.  


The Loan Origination Fee


This is the fee charged by your lender that covers the administrative costs that are associated with creating and processing a mortgage. This could also be called an underwriting fee.   


Title Search Fee


This is how much the title insurance company charges to perform research on the title of the home. In some cases, the title may have some issues associated with it, so this research is to protect you. Thereís also title fees known as lenderís title insurance and ownerís title insurance. You need to have lenderís title insurance, but ownerís title insurance is completely optional.


Credit Report Fee


This covers the obtaining and review of your credit report. 


Application Fee


Thereís also a fee when it comes to reviewing your mortgage loan application. 


Home Appraisal


This fee covers the appraiser who is chosen by your mortgage company in order to assess an accurate value of the home.  


Tax Monitoring Fee


This fee supports tax research on the home to determine if property taxes have been paid. 


Survey


The property survey covers all aspects of the property bounds including gas lines, roads, walls, easements, property improvements, and encroachments. 


Attorney Fees


The attorney fees will cover all of the document reviews, the agreements, and the escrow fees.


Insurance Payments


When you close on a home, your entire first year of home insurance payments must be made at the time of closing. If you have bought your home with an FHA loan, youíll need to pay mortgage insurance premiums at closing as well. Youíll also need mortgage insurance payments if you put less than a 20% down payment on the home.  


Escrow Property Taxes


The lender requires that you pay your property taxes up front. This money will be held in escrow and the taxes paid from there.  


As you can see, thereís a lot that goes on during the closing of a home. Make sure you have some water handy, itís going to be a long process! Understanding what will happen at closing when you buy a home can help you to avoid any surprise fees or financial burdens.





Posted by Ryan Seward on 7/19/2018

One of the biggest hurdles in becoming a homeowner is that of saving for a down payment. In todayís world, itís hard for anyone to save sizable amounts of money due to the extreme cost of living in most areas. With less income and higher expenses, many people have less of an opportunity to save money.


Saving Isnít Impossible


Many homebuyers are first-time homebuyers. While many simply dream of owning a home, others work to make it happen. Saving money is a goal. Once you save the money, you have made a real accomplishment. Youíll have a huge reward waiting for you once you reach your goal. How can you save effectively? Thereís a few simple steps that will allow you to start saving for a down payment on a home. Remember that no matter how slow you go, every step is one step closer to hitting your goals. 


Get A Savings Account


Preferably, the savings account that you open should be dedicated to your house expenses. Most of the time, your bank will allow you to set up automatic transfers from your checking account. See how much you can afford to save and set up these transfers. Each time you get a paycheck from work, have a certain amount put right into the savings account. Youíll be saving without even thinking about it.


Be Budget Friendly


Budgeting sounds complicated, but really, itís quite simple. First, put your monthly gross income on a spreadsheet. Then subtract things like taxes and fees that come out of your paycheck. Next, subtract all of your necessary monthly costs. These can include student loan debt, car loans, rent, and how much money you spend on food and entertainment. There's so many little things that we spend our money on everyday, you may be surprised to see how much youíre spending and what youíre spending it on. Some categories are important and others are not.       


See Where You Can Cut Costs


After you have made a concrete budget, see where you can cut some costs. If you need to cut out going to dinner and the movies, then do that. Thereís bound to be something that you can cut out of your budget thatís not a necessity that can help you to save some cash. The sacrifice will be worth it in the end!       


Indulge For Your House


Every time that you get a small bonus, a gift, or a tax refund, put it away. It can be tempting to want to go buy a brand new TV or spend your money on entertainment, but saving that money for your house fund will be a lot more rewarding. 

The bottom line is that it wonít be a huge task saving your money for a down payment once you put your mind to it. Happy saving!





Posted by Ryan Seward on 7/12/2018

One of the most used rooms in the house is the bathroom. You do spend a lot of time in there. You want your bathroom to be an oasis of sorts. Making changes and renovations to your bathroom will not only make you happy but make potential buyers for your home happy as well. Below, youíll find some trends to keep your bathroom stylish and a place that everyone wants to spend (at least some) time in. 


Beware Of Design Trends


Thereís a lot of trendy designs that just arenít timeless. They donít look very good in a bathroom after the initial install and tend to give the bathroom a drab feeling after awhile. Whether itís a crazy color scheme or something bland that lacks texture, you need to think about the longevity of a look before you go after it in your bathroom. Some trends to look out for:


  • Too much white
  • Too little in the bathroom
  • Funky color schemes
  • Gigantic bathtubs
  • Certain kinds of tile and finishes
  • Hardware accents

Really, the bathroom needs to be about balance. There are trends that come and go. Some people are more receptive to certain designs than others. This is because their needs are suited. Take the his and her sink as an example. Many designers are shying away from this trend. For your routines and needs, this could be exactly what your bathroom needs. No hotlist can tell you whatís best for you.


Storage Is A Necessity


If you do only one thing in your bathroom, make sure that you have enough storage. Thereís quite a bit that needs to go in the bathroom like toilet paper, towels, cleaners, medicines, as well as bath products like soap and shampoo. 


Add Pops Of Color


If your bathroom has all white tile and you donít have the time or the resources to actually change the tile, you should try and add pops of color where you can. Itís simple to do this with towels, floral rugs, curtains, and even bath accessories. You can really vary the color in the room and make it special. This is one renovation that doesnít cost much to do but can make a big difference.       

 

Remember What Sells


More neutral colors tend to sell better no matter what room of the house weíre talking about. Itís fine to mix neutral colors with pops of something bolder, but donít go overboard. Remember that when someone goes to buy your home, they want to make it their own as well. They probably canít achieve that with a lime green bathroom.




Categories: Uncategorized  


Posted by Ryan Seward on 7/9/2018

This Single-Family in Concord, MA recently sold for $851,000. This Contemporary style home was sold by Ryan Seward - RE/MAX Select Realty.


150 Hunters Ridge Rd, Concord, MA 01742

Single-Family

$785,000
Price
$851,000
Sale Price

9
Rooms
4
Beds
2
Baths
**OFFERS DUE TUESDAY 5/1 3:00 p.m.** Location, Location, Location. A rare deck house opportunity in this coveted Concord neighborhood. Set back from the road and wrapped by acres of open space owned by the Musketaquid Sportsman Club, this is a gem waiting to be polished. Large windows follow the shape of the cathedral ceilings, allowing vistas from literally every angle in the home. The natural setting includes woods, a babbling brook, and various wildlife visitors. Lots of hardwood floors, two large fireplaces, open and intimate spaces. The home needs work, and the price reflects that. We have labor and material estimates to help you recognize the value here. A new 4 BR Septic system has been designed, Buyers responsible for installation. Mahogany framing, cedar siding, wrap around decks. Turn out area on property as well, should animals be desired. Large cedar closet on lower level for out of season storage. FYI- Shooting range 1.5 miles through woods on other side of club's propert

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Categories: Sold Homes  


Posted by Ryan Seward on 7/5/2018

When it comes to buying a house, there is no need to deal with a stubborn home seller. However, you may encounter a stubborn home seller, regardless of how well you prepare for your homebuying journey. And if you're not careful, a stubborn home seller may cause you to miss out on an opportunity to purchase your ideal residence.

Don't let a stubborn home seller get the best of you. Instead, use these tips to ensure you can handle negotiations with a stubborn home seller like a pro.

1. Don't Panic

If you are forced to deal with a stubborn home seller, there's no need to get discouraged. Conversely, consider the property seller's perspective, and you may be able to get the best results out of a tough situation.

Open the lines of communication with a home seller Ė you'll be glad you did. If you maintain open communication, you may be able to find out the root cause of a home seller's stubbornness and plan accordingly.

Also, don't panic if a home seller fails to communicate with you, and try to avoid assumptions at all costs. By doing so, you'll be able to remain calm, cool and collected and maintain your patience as you try to figure out the best way to acquire your dream house.

2. Be Prepared for the Best- and Worst-Case Scenarios

In the best-case scenario, a stubborn home seller will explain his or her demands. Then, you can negotiate with a home seller, find common ground with him or her and work toward finalizing a home purchase agreement.

On the other hand, it is important to understand the worst-case scenario as well.

In the worst-case scenario, you and a home seller may be unable to find common ground. And if this occurs, you should be prepared to walk away from a potential homebuying negotiation and restart your search for the perfect residence.

3. Consult with a Real Estate Agent

Are you unsure about how to deal with a stubborn home seller? There's no need to worry, especially if you consult with a real estate agent.

With an expert real estate agent at your side, you should be able to overcome any potential homebuying hurdles.

An expert real estate agent will act as a liaison between you and a home seller. He or she will learn about the needs of a homebuyer and home seller and ensure both parties can achieve their ideal results.

Furthermore, an expert real estate agent can respond to any homebuying concerns and questions. This housing market professional can teach you about the ins and outs of purchasing a residence and provide honest, unbiased homebuying recommendations. As a result, a real estate agent can help you simplify the homebuying process and ensure you can secure a first-rate house that matches or exceeds your expectations.

Ready to streamline the homebuying journey? Take advantage of the aforementioned tips, and you can get the support you need to deal with a stubborn home seller.




Categories: Uncategorized