Sonia Rollins
EXIT Premier Real Estate | 781-454-6043 | sonia.rollins@yahoo.com


Posted by Sonia Rollins on 1/14/2018

Buying a home is one of the biggest financial milestones youíll reach in your life. If youíre a first-time homebuyer, it can be scary to take the plunge and make a down payment on your first home.

Down payments are one element that makes up the factors which determine your monthly mortgage payments, and in turn, how much youíll be paying toward your home in total. So, itís important to understand just how much to save for a down payment.

In this article, weíll talk about down payments, why they matter, and your options for saving up for a down payment.

Why down payments matter

A down payment is simply the amount of money a buyer pays at the time of closing on the house. Down payments help assure lenders that you will make your monthly mortgage payments because you have invested a substantial amount of money into the house and therefore risk losing your down payment if you fail to pay the mortgage and your house is foreclosed on.

If youíre eager to buy your first home, you may want to make the smallest down payment possible so you can move in sooner. However, a smaller down payment typically means a larger monthly mortgage payment. Thatís because your mortgage payment depends on several factors.

When a lender determines how much they will lend you towards your home and how much your monthly mortgage payments will be, their formula takes into account your down payment, your credit score, and the value of the property. The higher your credit score and the higher your down payment is, the less your monthly payments will be.

Mortgage types and down payments

Many first time home buyers cannot afford large down payments on their first home (20% or more). As a result, there are loan types insured by the Federal Housing Administration that are offered for as low as 3.5% of the mortgage amount.

If you arenít approved for an FHA loan but plan on making a down payment of less than 20%, you can still buy a home with private mortgage insurance (PMI). With PMI you pay a monthly premium for your insurance in addition to your monthly mortgage payments.

How long and how much to save

So, how much should you save? The short answer is as much as possible. However, if you need to move soon because of life circumstances, it isnít always an option to hold off on moving for long periods of time.

If youíre currently renting each month at high prices, it might make more sense to put that money towards your first home, an asset which will likely increase in value, rather than spend it on rent which you get no return on.  

One of the best ways to save for a down payment is to set up a new cash savings account that will automatically deposit a portion of your paycheck each week. Having an off-limits account is a great way to save without the temptation of spending it on luxuries if the money would normally be sitting in your checking account.

Another option is to start investing. If youíre in no rush to buy a home and have the financial resources, investing pays off much more than a savings account does when it comes to increasing assets.

Regardless of how you choose to save, the most important takeaway is that you take action now to start saving and you donít deviate from your savings plan for any reason.




Categories: Uncategorized  


Posted by Sonia Rollins on 1/7/2018

Ready to transform an ordinary kitchen into a stellar one? With a kitchen cleaning checklist, any home seller can revamp a kitchen's look and feel.

Ultimately, there are several things to include in a kitchen cleaning checklist, such as:

1. Countertops

If you cook regularly, your kitchen countertops may become messy. Plus, if you store a wide range of items on your kitchen countertops, these items may collect dust over time.

Fortunately, it usually doesn't take long for a home seller to clean kitchen countertops and improve their overall appearance.

It may prove to be worthwhile to clean the kitchen countertops daily. Wiping down the countertops regularly ensures that dust and debris can be eliminated before they cause long-lasting damage.

Furthermore, don't forget to eliminate as much clutter as possible from your kitchen countertops. This will enable you to show off the true beauty of your kitchen countertops, thereby increasing the likelihood that potential homebuyers will be impressed by your home's kitchen.

2. Floors

If food particles fall onto the floor while you're cooking Ė and you fail to clean them up in a timely fashion Ė serious problems may arise in your kitchen. However, a diligent home seller will know how to keep the kitchen floors looking great at all times.

Cleaning the kitchen floors typically is a weekly task that may require just a few minutes to complete.

If you have tile floors in your kitchen, warm water can be used to wipe down the floors as needed. Also, sweeping or vacuuming tile floors will enable you to get rid of loose soil and grit.

Comparatively, if you have hardwood floors in your kitchen, boiling water may prove to be essential. Wash your kitchen's hardwood floors thoroughly, and you can enhance their appearance in no time at all.

3. Sink

Believe it or not, the kitchen sink can make a world of difference in the eyes of potential homebuyers. If you dedicate the necessary time and resources to clean the kitchen sink, you should have no trouble impressing homebuyers any time they check out your house's kitchen.

Using a general-purpose cleaner is all it takes to clean a kitchen sink. After you apply the cleaner, wipe the sink dry, and you're good to go.

Daily kitchen sink cleaning is paramount. If you spend even a few minutes each day cleaning the kitchen sink, you can maintain the sink's appearance both now and in the future.

If you need additional help with kitchen cleaning, don't hesitate to reach out to a home cleaning company for assistance. This business hires professionals who understand the ins and outs of cleaning a kitchen Ė as well as other areas of a home Ė and will help you revamp a house's appearance.

Lastly, feel free to contact a real estate agent for support throughout the home selling process. With an expert real estate agent at your side, you can boost your chances of getting the best price for your residence.





Posted by Sonia Rollins on 12/31/2017

If you have hired a realtor to help you sell your home, you have already taken care of a good amount of the job that needs to be done to get the home sold at the right price. There is one important thing that you need to tend to as a seller- thatís getting your home ready to be shown. Once the home is on the market, your realtor will work with you to schedule open houses and times for the home to be shown privately. Whether you only have a few hours or a day or two to prepare for a home showing, there are a few certain areas that you need to tend to in order to help your home appear clean and tidy to impress buyers. 


Sweep Up


It doesnít take very long to sweep down your hardwood and tile floors. After you do this, run over the floors with a mop to remove any stains that may be present on the floor. 


The Dust Rag Is Your Friend


If you have time, you can do a deep clean of your home. It also doesnít take a long time to go over the surfaces of your home with a duster. Getting up the dust will not only make your home smell fresher, but it will appear cleaner as well. 


Make The Beds


Your mother told you for years that you need to make your bed in the mornings. She was right. Beds that have been made look much more presentable and homey than rooms with bedding strewn around. If your bedding is looking less than inviting and you have some time before your showing, you may want to pick up some new bedding. The small details are so important when it comes to selling your home, and making the home look inviting is one of them.       


Clear The Clutter Out


Whether itís piles of clothes on the floor, dirty dishes in the sink, or papers on the counters, clean it up! While you want to give prospective home buyers an idea of what itís like to live in a place, the home doesnít need to look ďlived in.Ē Try and get rid of the personal traces that you leave behind as you prepare to sell your home. As a bonus, you should also make sure the trash is empty and fresh. 


Vacuum The Rugs


Running a vacuum over your rugs can really help to freshen the home. If you have pets, this will help remove the odor that animals leave behind. It will also provide a fresh surface for anyone who is touring your home to walk on. 


Turn On The Lights


When you leave the house for a showing or open house, definitely make sure that all of the shades are open and the lights are on. A bright home is an inviting home.      


 




Categories: Uncategorized  


Posted by Sonia Rollins on 12/29/2017

This Condo in Wakefield, MA recently sold for $498,000. This Townhouse style home was sold by Sonia Rollins - EXIT Premier Real Estate.


101 Hopkins St, Wakefield, MA 01880

Condo

$499,900
Price
$498,000
Sale Price

6
Rooms
3
Beds
3/1
Full/Half Baths
Open concept living at its best for this 3 bedroom, 3 level 4 year young townhouse that is tucked away from the main roadway yet minutes from all local amenities and access to major highways. Beautiful and spacious living room / dining area has small deck off the back and open to a kitchen with stainless appliances, hardwood floors and granite countertops. Upstairs, two generous sized bedrooms with a full bathroom in main area and a master bedroom with a large master bath featuring both a tub and a separate shower. 2nd floor recently upgraded to include newly done hardwood floors. The lower level includes the third bedroom which is perfect for an inlaw or teenage child as it offers an additional full bath, large closet and walk out access. Laundry in unit, attached one car garage and plenty of storage makes this one not worth missing. Make your appointment today and judge for yourself.






Tags: Real Estate   Wakefield   01880   Condo  
Categories: Sold Homes  


Posted by Sonia Rollins on 12/28/2017

This Single-Family in Burlington, MA recently sold for $540,000. This Cape style home was sold by Sonia Rollins - EXIT Premier Real Estate.


8 Taylor Avenue, Burlington, MA 01803

Single-Family

$549,000
Price
$540,000
Sale Price

8
Rooms
3
Beds
1
Baths
Move right into this beautifully updated and expanded Cape, well sited on its nicely landscaped lot. The first floor features a spacious fireplace living room with sliders to the rear patio and in-ground pool, formal dining room, small study and large, open concept kitchen with front family room/breakfast area. The bright, renovated kitchen offers white cabinetry, granite counters and full complement of appliances. The second floor with full rear dormer provides three bedrooms, and the basement adds bonus playroom and home office space. Other highlights include 1-car garage, updated Pella windows, hardwood flooring and first floor ductless air-conditioning. Potential for additional 1/2 or full bath in basement (toilet already in place). Conveniently located to area highways, shopping and schools.

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Categories: Sold Homes