CENTURY 21 CUDDY



Posted by CENTURY 21 CUDDY on 3/27/2020

This Single-Family in Framingham, MA recently sold for $650,000. This Colonial style home was sold by - CENTURY 21 CUDDY.


20 Winter Park Road, Framingham, MA 01702

Single-Family

$659,900
Price
$650,000
Sale Price

7
Rooms
4
Beds
3
Baths
Custom Builder offers this 4 Bedroom 3 Bath Colonial in tranquil Setting..First Floor features Hardwood Flooring, 9' Ceilings with extensive handcrafted Moldings, Dramatic Open Floor plan, Chef's Kitchen appliances include Over-sized Gas Cook-top, Double Door Refrigerator, Double Oven with Microwave, Dishwasher and Disposal, combined with Quartz Counters, Tile back-splash and exquisite Cabinetry..Second Floor features Hardwood Flooring, 3 Bedrooms each with Double Closet, Laundry Room, Main Bath with Tiled Tub and Double Vanity, and Master Suite..Suite is King-sized,with over-sized Walk-in Closet plus additional Double Closet, Fully Tiled Glass enclosed Shower and Double Vanity..High Efficiency Natural Gas Heating/Cooling System with over 95% efficiency, Foam Insulation and 2 by 6 Construction..Stone Patio leading to Level Rear yard backing to Trees, Family Neighborhood location, and Walk to Park all perfect for New Buyers..30 day Occupancy

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Categories: Sold Homes  


Posted by CENTURY 21 CUDDY on 3/22/2020

Photo by Mateus Campos Felipe on Unsplash

Buying a piece of real estate is a serious legal and financial decision. Sometimes, having a real estate attorney help you through the process is helpful. In fact, in some states, it is required by law to have one assist with the process. If you don’t live in a state where it is required, do you need one? These questions will help you determine if you need an attorney as part of your real estate team.

Do You Have a Specific Legal Concern?

If you start down the path toward purchasing a house and run into a legal concern, then it is a good indication that you might need the help of an attorney. For example, perhaps you discover a tax lien against the home you wish to purchase or tenants that currently live in the property and wish to rent it from you temporarily after you purchase it. Your real estate agent can help you determine if your concern is a legal one and requires an attorney, but an agent is not able to make legal judgments. If you need help to make a legal decision, that is help only an attorney provides.

Do You Understand the Paperwork?

In a real estate transaction, there is quite a large amount of paperwork. From your initial offer submission to the closing paperwork, you will be signing legal documents many times. Those documents are legally binding so it is important to fully understand them. An attorney can help interpret those documents for you and explain exactly what you are signing.

Are You Purchasing a Short Sale or Foreclosure?

Short sale or foreclosure properties have significant legal issues that are not usually found in regular real estate transactions. If you’re considering one of these properties, then you may want to consult with an attorney to ensure the legal aspects of the transaction are in order before closing day.

Are You Shopping FSBO Properties?

If you are shopping for-sale-by-owner properties, your seller won’t have an agent helping them. Consider consulting with an attorney during the transaction will help keep the process running smoothly. Similarly, if you're considering selling your home without an agent, an attorney is an important professional to have on hand.

Are You Shopping Commercial?

Commercial properties have legal aspects not found in residential properties. If you’re shopping in the commercial market, make sure you talk to an attorney before signing any sales contracts.

In most home purchases, except those states where one is required by law, a real estate attorney is not necessary. If your purchase has extenuating circumstances or you find yourself with many questions, consider consulting one.





Posted by CENTURY 21 CUDDY on 3/15/2020

The US government has been helping Americans achieve their goal of homeownership for decades. Through programs offered by the Federal Housing Authority, the USDA, and the Department of Veterans Affairs, millions of Americans have been able to afford a home who would have otherwise struggled.

The focus of today’s post is one such service: loans offered through the USDA Rural Development program.

If you’re hoping to buy a home in the near future but are worried about being able to save up enough for a down payment or build your credit score in time, USDA loans could be a viable option.

Let’s take a look at some of the common questions people have about USDA loans:

Do I have to live in the middle of nowhere to get a USDA loan?

The short answer is “no.” rural development loan eligibility for your area is laid out on a map provided by the USDA. Most of the suburbs outside of major cities, as well as nearly all rural areas, are covered by the rural development program.

Can I qualify for a USDA loan if I’ve previously owned a home?

Yes. You may be eligible for a loan as long as you’re not the current owner of a home that was purchased through the rural development program. So, for example, if you own a home financed through the USDA and wanted to buy a second home and rent out the first one, you wouldn’t be able to finance your second home through the USDA.

How does the USDA loan guarantee work?

When you buy a home, a lender asks you to make a down payment. If you don’t have a down payment, the government (USDA, VA, or FHA) insures the down payment on your home rather than you paying it up front.

Will I have to pay mortgage insurance?

Unlike other subsidized loans, rural development loans require a “guarantee fee” rather than PMI (private mortgage insurance). The guarantee fee is 1% the total mortgage amount and this can typically be financed into the loan (so you don’t have to pay up front). In addition to the guarantee fee, USDA loans also charge an annual premium for the lifetime of a loan.

What are the qualifications for a USDA loan?

To find full eligibility information, complete the survey on the USDA’s eligibility website to find out if you qualify. However, the general qualifications are:

  • U.S. citizenship

  • Buying a home in a qualifying area

  • 24 months of income history

  • A credit score of 640 or higher for streamlined processing

  • Income high enough so that your monthly payments do not exceed 29% of your monthly earnings

What is the direct loan program?

The USDA really offers multiple urban development loans. The guarantee program, for which most single families utilize, and the direct loan program. Direct loans are designed for families who have the greatest need. You can also find out if you’re eligible for a direct loan by filling out the questionnaire on their website.







Posted by CENTURY 21 CUDDY on 3/8/2020

When it comes to getting what you want in your home, the question comes down to whether you build it or look for the perfect house to buy.

For those who prefer new construction, the option of starting from scratch is very viable. Here are some vital factors to consider before getting started:

1. Cost

Building a new house from scratch may seem costly, but after an extensive breakdown and with proper management of resources, it may turn out to be less expensive than buying a home that you then must remodel to suit your taste. It is essential to do a total cost analysis to avoid slowdowns during the construction.

2. Flexibility

Flexibility is one factor that people who prefer to build new houses mention. They can modify the house to their taste without having to fit into a preset structure. If customization is a priority for you, this is a great place to start. You’ll have much more flexibility in the layout of your home and will be able to customize it to your liking.

3. Duration

Building your home requires many choices: finding the land and hiring a contractor to accompany you throughout your project are possibly top priority. From design to site monitoring, until the delivery of keys, it is essential to work with a professional with recognized expertise, who will respond carefully to your needs and expectations.

Finally, a new construction project offers you the opportunity to live in a house that is 100% personalized and scalable. This means that your property will be designed to adapt to the new configurations of your home, for years to come.

But not everyone enjoys the scouting and building process. Sometimes it’s difficult to imagine how the home will look and work for you based on drawings alone. If the time frame gets interrupted, you may have to find temporary housing to wait out the weather, material supply issues, or other delays common to new construction. When developing raw land, you often must factor in roads, driveways, sidewalks, and streetlamps. Purchasing a preexisting home can either diminish or eliminate these issues all together.

Need help making the decision? Contact me! Whether it's a beautiful, preexisting home or a dream built from the ground up, I’d love to help you move into your dream house!




Categories: homeowners  


Posted by CENTURY 21 CUDDY on 3/1/2020

Photo by Daniel Salcius on Unsplash

If you're looking for that second home in the vacation paradise of your dreams, these five locations have just turned the corner from luxury sellers' market to luxury buyers' market: 

Maui, Hawaii

Tennis clubs, golf resorts and views of white sand beaches and pristine blue water top the reasons why Maui has become a top-five hot luxury market. After experiencing a surge in vacation home prices over the past few years, the market here is now beginning to level out. This is good news for homebuyers seeking refuge on Hawaii's second-largest island. If you're in the mood for a tropical island paradise that won't cost a millionaire's fortune, Maui could be the solution. 

Palm Beach, Fla.

Forty-seven miles of beaches and the absence of state income tax are only two of the draws for those looking to buy a luxury home in Palm Beach. Now becoming a strong market for buyers, this highly populated area of the United States features exotic nightlife and culture for days. There's always something to do and someone to do it with in Palm Beach, including buying a luxury home. 

Washington, D.C.

It's mostly young millennial couples who are buying up the luxury homes in and around Washington, D.C., including the area of Arlington, VA. High-paying jobs enjoyed by highly educated workers make this a hot spot for the upwardly mobile among us and the hottest commodities right now are new constructions or homes that have been renovated in the last five years. 

Kauai, Hawaii

Kauai, the northern-most island of the Hawaiian chain, has always been a magnet for the wealthiest home seekers. Privacy, lush green spaces and a quiet, unconventional lifestyle factor among the reasons for Kauai's popularity. Not known for it's sizzling nightlife, this area is prized for just the opposite -- as a private, respectful place to settle in and kick-back on vacation, spectacular views included. 

Brooklyn, N.Y

Surprisingly, Brooklyn -- with its population of over 2.5 million people -- has recently become a luxury buyer's paradise. Once all but forgotten in the shadow of nearby Manhattan, the new construction of luxury condos, coupled with the old-time charm of the traditional brownstone, has rocketed Brooklyn to the forefront of choice places to live in the U.S. For luxury home buyers who enjoy the hustle and glamour of city living, Brooklyn is holding its own. 

If you're looking to buy a luxury home in an area that may have been previously unaffordable, make one of these five luxury hot spots your new jumping-off point. 




Tags: Market Trends   luxury   buyer  
Categories: luxury   Buying  




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