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Marie Souza Realty Team's Blog

By Marie Souza Team | Broker in Centerville, MA
  • What is My Home Actually Worth?

    Posted Under: Market Conditions in 02632, Home Selling in 02632, Investment Properties in 02632  |  February 5, 2013 8:53 AM  |  688 views  |  4 comments

    It is common question that real estate professional get; what is my home worth? Unfortunately, it is a question that does not have an exact answer. There are ways to determine about what your home is worth. You may find online estimates that say one thing but is that a true test of what the market will bear? So, how can you really determine what your property is worth?

    1. Consider Solds-Look at other comparable homes in your area that have recently sold. This will give you a good idea what buyers are willing to pay.

    2. Consider Under Agreements/Pendings-Although it is difficult to tell what a home has sold for before it closes you may be able to tell the demand in a price range. Look at the asking price of the home and how long it was on the market. If you see a trend of homes going under agreement quickly you may assume they are going closer to the asking price.

    3. Consider Active Listings-Real estate is about competition just like any other commodity. It is important that your home be competitively positioned against other comparable listings. The asking price is a part of the marketing plan of the home.

    4. Online Values-Be wary of online estimates. The very definition "online" takes the human factor out of determining the value. A computer program cannot take into account the nuances of location, home style and home condition.

    5. Sell It-The only way to know a home's true market value is to sell it. At the end of the day a home is only worth what a buyer is willing to pay.

     Brought to you by
    The Marie Souza Team
    Call us @ 508-790-2000, drop us an email info@mariesouzateam.com and/or visit us on the web
    See what our past clients say here!

  • How to Own a Home Again After Foreclosure

    Posted Under: Home Buying in 02632, Financing in 02632, How To... in 02632  |  August 23, 2012 4:54 PM  |  322 views  |  2 comments

    foreclosure recoveryUnfortunately, many homeowners have gone through a foreclosure in recent years but that doesn't mean that future homeownership is out of the question. Hard work and discipline and these tips should have you on the road to homeownership again soon.

    1. Keep a steady job

    Potential lenders will need to see stable employment before they’ll approve a mortgage loan after a foreclosure.

    2. Build your savings

    Rebuild your savings account. You will want to establish a minimum of six months of living expenses in a liquid account. Mortgage companies will want to see you have a cushion to pay your bills.

    3. Work on your credit score

    After foreclosure, your credit score probably dropped by about 150 points. Rebuilding your score will take time, hard work and perseverance. Pay all of your bills on time and make sure to keep your credit card balances below maximum levels. It is best to have the balance less than half of the available balance.

    If you stay disciplined and positive, the American dream—obtaining a mortgage and owning a home of your own—can, indeed, be yours again. Even after foreclosure.

     

    Brought to you by
    The Marie Souza Team
    Call us @ 508-790-2000, drop us an email info@mariesouzateam.com and/or visit us on the web
    See what our past clients say here!

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