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Home Buying in Foxboro : Real Estate Advice

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  • Local Info2
  • Home Buying4
  • Home Selling1
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Activity 5
Mon Dec 9, 2013
Heath Coker answered:
I would use a local rental professional to save time and money and also to make sure you don't miss a great rental.


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Mon Dec 2, 2013
Elizabeth Sagarminaga answered:
In most cases it would be so. The bankers have already lost out the first time when they advanced the loan. In all probability, they are going to take a hit for the difference between the amount owned and the amount that will be recovered through short sale. Therefore, they would insist on some type of reassurance that the sale would now go through. This could be in the form of a commitment letter or a down payment to be held in escrow before they give their approval. ... more
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Mon Dec 2, 2013
Annette Lawrence answered:
You've been provided excellent guidance by many experienced agents.
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However, it would be most beneficial to you to have an REALTOR in Foxboro provide you a complete market analysis. From this data you will be able to identify the criteria of the most likely buyer.
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Knowing who the buyer will be (and this can be known) will allow you to optimize your home for the tangible and intangible qualities this buyer will value. There is little benefit in jumping through hoops to impress those who have no intent to buy your house.
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#1. Your home needs to land in their radar. If you price outside of the buyer value bracket, your home will be INVISIBLE to the right buyer.
#2. Make them come in. The curb appeal is important
#3. HELLO! If possible make the entrance POP! Can't be looking at the back of the sofa or a rack of clothing. and get that great big ugly black square, called a flat screen TV out of view from the entrance.
#4. GOOD BYE! If the buyers odoriferous senses detect the presence of fido or fluffy or polly or BO or evidence that structure was formerly a chicken coop, the buyer will be silent. in every aspect.
#5. "...Take me home..." create the environment that stimulates the best times of the buyers life. Whether those memories were created at the kitchen table, family room, or back yard, staging is your secret weapon to moving the buyer into your home...emotionally.
#6. TRUST the professionals your have hired. Second guessing or ignoring the data or their advise will prove costly.

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
Move to the front of the Line
(http://FirstLookHomes.us)
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Wed Jan 23, 2013
Heath Coker answered:
Aparently, the town of Foxborough operates a commuter parking lot and shuttle service for town residents. The commuter parking lot, located at 41 County Street, is open Monday through Friday. Shuttle service is provided by GATRA.

For parking fees and additional information, contact the Foxborough Town Hall at 508-543-1219.


http://www.gatra.org/index.php/routes/foxborough/


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Fri Apr 29, 2011
Lew Corcoran answered:
I take it by your question that the seller wants to to make a "good faith deposit" of 3.5% of the purchase price when you sign the Purchase and Sale Agreement. Typically, homeowners want you to put something down as "good faith" that you'll complete the transaction. In return, they take their home off the market and no longer offer it for sale. If for some reason you fail to properly complete the transaction (i.e., failed to apply for a mortgage, etc.) and withdraw, the sellers will keep your deposit.

If you do go through with the purchase, then the 3.5% deposit that you made will be applied towards whatever down payment and/or closing costs you may have.

In this case, you are applying for a VA loan. I presume that you are seeking 100% financing. In addition, I further presume the VA funding fee will be rolled into the mortgage. That leaves closing costs. What happens is the 3.5% down payment will be applied towards your closing costs. If your closing costs amount to less than the 3.5% down payment, then what is not spent will be returned to you at the settlement table. If the seller is paying your closing costs (or a portion of it), then the seller's proceeds will first be applied to your closing costs before you make any contributions. Again, whatever funds remain from the initial 3.5% deposit you made will be returned to you at settlement.

Hope this helps.
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