The South Coast Real Estate Round-Up

 Imagine you've finally found the home of your dreams. It has the perfect location, a beautiful exterior, and charming interiors. But as the old saying goes, "Looks can be deceiving." What if that picture-perfect house hides lurking secrets, potential hazards, and costly repairs? This is where the power of a home inspection comes into play, and it's not something you want to overlook.

Welcome to the exciting world of home buying, where the search for your perfect abode begins. At EZ Home Search Real Estate Inc., we know that this journey can be a rollercoaster of emotions, from exhilaration to anxiety. And that's why we're here to talk about one of the most essential checkpoints in this exhilarating ride – the home inspection.

Why Home Inspections Are Important:

Now, you might be wondering, "What is a home inspection, and why is it so crucial?" A home inspection is like a backstage pass to your potential new home. It's your opportunity to see beyond the stage setting, to uncover the hidden aspects of the property.

Here's why it's absolutely indispensable:

Revealing Hidden Issues: Your dream home might be hiding unexpected nightmares. Think structural problems, plumbing woes, and even unwelcome guests (termites, anyone?). A home inspection reveals what your eyes might not see.

Safety Assurance: A house that seems cozy on the surface could have lurking dangers like faulty wiring or structural instability. A home inspection ensures your new haven is safe for your family.

Negotiating Leverage: Armed with the findings of a professional home inspector, you have the power to negotiate with the seller. In a previous video blog, we discussed negotiating the price. It’s important to keep in mind that in a real estate transaction, negotiations continue all the way through the closing. It’s one more reason why, whether you are buying a home, or selling a home, it’s important to hire a real estate professional who will advocate for your best interests.

Peace of Mind: Buying a home is a significant investment. A thorough inspection provides peace of mind, knowing you're making an informed decision, not an emotional one. It’s the chance to take off you excited cap and put on your logical cap and see just what you’re getting.

Long-Term Savings: Unearthed problems can be pricey but discovering them early through an inspection means you can budget for repairs and maintenance, saving you a fortune in the long run.

So, whether you're a first-time homebuyer or a seasoned real estate enthusiast, remember this: a home inspection is your secret weapon. It's the difference between a dream home and a potential disaster.

At EZ Home Search Real Estate Inc., we're your partners in finding the perfect home, and we strongly advise that you never skip the home inspection step. It's your shield, your assurance, and your key to unlocking worry-free homeownership.

Are you ready to embark on this journey? Get in touch with us today, and let's start the adventure of finding your dream home – one that's safe, sound, and ready to make your dreams come true. Don't delay; contact us now and take that first step toward your dream home.


Posted by Christopher Terry on November 9th, 2023 1:38 PM

When it comes to achieving your dream of homeownership, understanding the world of mortgages is crucial. Choosing the right mortgage can make all the difference in making your dream home a reality. In this blog post, we'll explore the various types of mortgages available and why it's essential for consumers to know their options before embarking on their home buying journey.

Exploring Mortgage Options

1. Fixed-Rate Mortgages

Fixed-rate mortgages are a popular and straightforward option. With this type of mortgage, your interest rate remains constant throughout the life of the loan. This predictability allows you to budget with confidence, as your monthly payments won't fluctuate.

Why It’s Important: Fixed-rate mortgages are ideal for those who prioritize stability and want to lock in a consistent monthly payment. They offer peace of mind, especially in a rising interest rate environment.

2. Adjustable-Rate Mortgages (ARMs)

Adjustable-rate mortgages have interest rates that fluctuate over time based on market conditions. Typically, ARMs start with a fixed-rate period (e.g., 5, 7, or 10 years) and then adjust periodically.

Why It's Important: ARMs can offer lower initial interest rates, which may be appealing for those planning to stay in their home for a shorter period. However, understanding how the interest rate can change and being prepared for potential fluctuations is essential.

3. FHA Loans

FHA (Federal Housing Administration) loans are government-backed loans designed to make homeownership more accessible. They often have lower down payment requirements and more lenient credit score criteria.

Why It's Important: FHA loans are an excellent option for first-time homebuyers or those with limited savings for a down payment. Knowing about these loans can open doors for those who may not qualify for conventional financing.

4. VA Loans

VA (Department of Veterans Affairs) loans are available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves. They offer favorable terms, including no down payment requirement and competitive interest rates.

Why It's Important: For those who have served in the military, VA loans provide a unique opportunity to secure a home loan with exceptional benefits. It's crucial to understand these options and take advantage of the benefits they offer.

5. Jumbo Loans

Jumbo loans are designed for purchasing higher-priced homes that exceed the conforming loan limits set by the government-sponsored entities (GSEs). These loans typically require larger down payments and have stricter credit requirements.

Why It's Important: If you're in the market for a high-end property, knowing about jumbo loans and their requirements is essential for securing financing for your dream home.

Why Knowing Your Options Matters

These may be some of the more common loan types, but certainly not all the types available. Understanding the various types of mortgages available is essential for consumers for several reasons:

1. Tailoring to Your Needs: Knowing your options allows you to choose a mortgage that aligns with your financial goals, whether it's stability, lower initial payments, or unique benefits.

2. Financial Preparedness: Being informed about different mortgage types helps you prepare financially for homeownership. You can plan for down payments, closing costs, and monthly payments more effectively.

3. Avoiding Regret: With a better understanding of your options, you can make informed decisions and avoid potential regrets or surprises down the road.

4. Customized Financing: Different mortgage types can be tailored to your specific circumstances, ensuring that your mortgage aligns with your unique situation.

Your journey to homeownership should be exciting and well-informed. At E Z Home Search Real Estate, we're committed to helping you make the right decisions every step of the way. By exploring the mortgage options available and understanding their implications, you'll be better equipped to make the right choice for your dream home. Whether you're a first-time buyer, a veteran, or looking for a luxury property, knowing your mortgage options is the key to turning your homeownership dreams into reality. If you have any questions or need guidance on your home buying journey, don't hesitate to reach out. We also encourage to you get a free copy of our Home Buyer’s Guide to Real Estate. With no stone left unturned, this guide will help you every step of the way. Simply complete the form below to be instant directed to this must have home buyer resource. 

We're here to help you unlock the doors to your dream home.

Posted by Christopher Terry on October 27th, 2023 4:23 PM

Buying a home is a significant milestone in life, but it often comes with a substantial financial commitment. One of the key financial aspects you'll need to consider when purchasing a home is the down payment. Additionally, you'll also need to factor in closing costs. In this guide, we'll break down what these terms mean and how much you can expect to pay as a home buyer. 

Understanding Down Payments 

A down payment is a lump sum of money that you pay upfront when buying a home. It's a percentage of the total purchase price, and it's a crucial component of the home-buying process. The down payment serves several purposes: 

1. Demonstrating your commitment: Putting down a significant amount of money upfront shows the seller that you are a serious buyer. 

2. Reducing the loan amount: A larger down payment means you'll need to borrow less money, which can lead to lower monthly mortgage payments. 

3. Mortgage approval: Lenders often require a minimum down payment to qualify for a mortgage loan. 

The down payment percentage typically ranges from 3% to 20% of the home's purchase price, depending on various factors, including the type of mortgage loan and your creditworthiness. Here's a breakdown of some common down payment options: 

1. 3% - 5% Down Payment: Some government-backed loans, such as FHA loans and certain conventional loans, allow you to make a down payment as low as 3% to 5% of the purchase price. This is a good option for first-time homebuyers with limited savings. 

2. 10% - 20% Down Payment: Many conventional loans require a down payment of at least 10%, and a 20% down payment is often considered the gold standard. A larger down payment may lead to better loan terms and lower interest rates. 

3. 20% or More Down Payment: If you can afford it, putting down 20% or more has several advantages, including avoiding private mortgage insurance (PMI) and reducing your overall interest costs. 

Understanding Closing Costs 

Closing costs are the fees and expenses associated with finalizing a real estate transaction. These costs are paid at the closing of the sale and cover various services and administrative tasks required to complete the home purchase. Closing costs typically range from 2% to 5% of the purchase price and can include the following: 

1. Loan Origination Fees: Charges from the lender for processing your mortgage application. 

2. Appraisal Fees: The cost of having a professional appraiser assess the property's value. 

3. Title Insurance: Protects you and the lender from any issues with the property's title. 

4. Attorney Fees: If an attorney is involved in the closing process. 

5. Inspection Fees: Costs associated with home inspections. 

6. Property Taxes: Pro-rated property taxes for the time you'll own the home. 

7. Homeowners Insurance: Prepaid premiums for homeowners' insurance. 

8. Escrow Fees: Money held in escrow for property taxes and insurance. 

9. Recording Fees: Costs for recording the deed and other documents. 

10. Transfer Taxes: State and local taxes associated with transferring ownership. 

Options that can help make it a bit less financially difficult.

Seller Assistance 

In some cases, a home seller may agree to cover some or all of the buyer's closing costs. This can be a significant benefit, as it reduces the upfront cash required from the buyer. This option will need to be negotiated with the seller with any agreed upon seller assistance reference in the purchase agreement. 

Gift of Equity 

And there's one more option worth considering: The Gift of Equity from a family member. 

A Gift of Equity is when a family member, typically a parent or grandparent, gifts you a portion of the home's value to be used as your down payment. This generous gift can help you enter the real estate market with less money upfront. 

Conclusion 

When budgeting for a home purchase, it's essential to consider both the down payment and closing costs. Your specific financial situation and the type of loan you qualify for will determine the exact amounts you need to pay. To avoid surprises, work closely with your lender and real estate agent to estimate these costs accurately. 

At E Z Home Search Real Estate, we understand the importance of transparency in the home-buying process. Our team is here to guide you through every step, helping you understand your financial obligations and find the perfect home within your budget. Contact us today to start your journey towards homeownership!

Thinking of buying, but not sure where to start? Why not start by getting a copy of our Home Buyer's Guide to Real Estate? It's packed full of valuable information to help take the stress out of your big move! Plus, it's FREE with no obligation! Simply complete the form below to get instant access.


Posted by Christopher Terry on October 24th, 2023 11:55 AM

As a first-time home buyer, you likely have many questions about the home buying process. We are here to assist you every step of the way, including addressing some of the common questions you may have.

One important question often asked is about the negotiability of the asking price for a home.

When it comes to the asking price of a home, it's important to know that it can be negotiable, but it depends on various factors. Sellers may be open to negotiations, especially if the property has been on the market for a while or if there are specific circumstances motivating the sale.

A real estate agent can play a vital role in the negotiation process.

It is important to understand the type of relationship you have with an agent. When an agent represents your interests in the home purchase journey, they will be able to help you assess the market conditions, comparable sales in the area, and possibly the seller's motivations to determine a reasonable offer. With the goal of helping you secure the best possible deal for you.

Remember that negotiation is a delicate process, and having a skilled agent by your side can make a significant difference in achieving a favorable outcome.

If you're considering starting the journey to homeownership or have more questions about negotiating the asking price, please don't hesitate to reach out. We’re here to provide you with expert negotiation strategies and personalized guidance to help you find your dream home at a price that suits your budget.

I also encourage you to visit our alignment method for buyers at ezhomesearch.net for more information about how we can help you achieve the American Dream.

And while you’re there make sure you get a free copy of our home buyers guide to real estate.


Posted in:Real EstatePosted in:Home Buyers and tagged: First Time Home Buyers
Posted by Christopher Terry on September 19th, 2023 7:14 PM

Happy Labor Day


Kathy Salmon RE


New to Market & Open House
80 Bluff Ave Swansea MA 02777
Open House - Sunday, September 4th, 10:30 AM - Noon
Open House - Tuesday, September 6th, 5:30 - 7 PM

80 Bluff Ave Swansea MA 02777

Offered at $549,900 | 2 Family | 2 Bedrooms Each | One Car Garage | Waterfront

Rare find! Multi-family home on the waterfront in Swansea MA! This well-maintained home has been owned by multiple generations and is now coming on the market for the first time! The first floor features an open floor plan, with a recently renovated bathroom, mini-split air conditioning, stainless kitchen appliances, fresh paint, hardwood floors, two bedrooms and amazing water views. The second floor also features amazing water views with an open floor plan, an updated bathroom, hardwood floors, two bedrooms, also with a mini-split AC, access to a cover patio in the front of the house and a private deck off the back overlooking the water. The basement has a common area workshop/utility room and laundry room and a recreation room/family room with a full bath with the heat, electric and AC all tied to the first-floor unit. This home has a one car garage, multiple built-in storage nooks and a pull-down ladder to the attic for even more storage. Don't let this go without taking a tour!


Back on Market
35 Glenwood Ave. Westport MA 02790
Open House - Saturday, August 6th, 10AM - Noon

For Sale 35 Glenwood Ave Westport MA

Offer at: $379,900 | 2 Bedrooms | 1 Bath | 2 Car Garage | 1400 S.F. Living Area

35 Glenwood Ave Westport

Located at the end of a dead-end street this lovely ranch style home offers a two-car garage, a nice size yard and features a bright, open and spacious interior. Skylights and bay windows provide plenty of natural light in the bright and open living area with a door off the dining room the leads to the back yard. The bedrooms are at the end of a roomy hallway, and the den has built in shelving and a closet. Plus, the nice size mud room off the side entry and kitchen makes a great bonus space.


New to Market & Open House!
15 Berkmans St Worcester MA 01602
Open House - Saturday, September 3rd, 11 - 1
Open House - Sunday, September 4th, 11 - 115 Berkmans St Worcester MA15 Berkmans St Worcester

Situated on a quiet street, truly a must-see property. Each unit has two spacious bedrooms with potential to convert into three-bedroom units by utilizing one of the double parlors as a bedroom. This property offers kitchens areas with the ability to convert into eat-in style kitchens in all three units. Also, additional galley style kitchen areas with a sink and additional cabinetry/ counterspace. First and Second floor have been very well maintained. Third floor unit was completely renovated and very well kept. First and Second floor units are and will remain vacant will in order to accommodate for owner-occupants. Third floor is currently being occupied, but the tenant will be moving, and the unit will be delivered vacant upon closing. Property offers one driveway along the left side for off-street parking. There is large sized yard along the right side of the building allowing for the potential to add more off-street parking or simply use in addition with the private backyard.



Price Improvement!
23 Shore Dr. Mattapoisett MA

Home for Sale 23 Shore Dr Mattapoisett MALocation, Location. Location! If location is everything, then this home is for you!
Price Improvement! $1,100,000 | 2 Bedrooms | 2 Baths | 1797 s.f.

Located in Harbor Beach, a lovely seaside community in Mattapoisett MA. This private association includes 2 beaches and a boat ramp. Enjoy beautiful sunrises and spectacular water views from this contemporary style beach home. The main level features an open living area with vaulted ceilings, exposed beams, a wood burning stove with multiple sliders leading to the large deck, inviting guests and family to stay and enjoy the amazing views and all that this community has to offer. Also on the main level are two nice size bedrooms with sliders to the deck looking out at the water and a full bath. Upstairs you will find a foyer area overlooking the main level, a large family room with drop-down cots, a home office, a second full bath and access to the roof top deck where you will discover more amazing views. Other features include an outdoor shower, a storage room for your beach and fishing gear, a large, covered patio area and a mooring. Plus, this home is being offered furnished!


Thinking of Selling?

How Much is Your Home Worth?How Much is Your Home Worth? Maybe More Than You Think!
We analyze home values and determine market prices every day. Many online sites offer an automated valuation with the intent to obtain your contact information, which is then sold, and your phone starts ringing, or your email blows up with unwanted messages. This won't happen with us! We do not sell or share your contact information and you will get a detail home valuation delivered to your email with no obligation!


Thinking about buying a home or investment property?

Buying a new home?

Thinking about buying a home? 
Make sure you understand what the process entails!
Check out our list of 9 steps you need to know to be ready!


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Posted by Christopher Terry on September 2nd, 2022 9:09 PM



Open Houses are one of the best ways to see a home you might want to buy, so we have some tips to get the most out of your Open House experience.


Do: Discuss the open house with your agent.

The best part about working with an agent is that they can get you individual appointments in the houses that you like best, so communicate with them about which of the houses that you visited are worth viewing again!


Don’t: Forget that the agent in the house works for the seller.

The agents that are in the house are there to answer your questions, but they aren’t there to help you write an offer. If you are interested in buying the home, reach out to your agent so that they can get in touch with the seller’s agent.


Do: Guard your privacy.

Real Estate is all about negotiation, so try not to be too transparent about your budget or how much you love the home. If you are interested enough to put an offer in, be sure to let your agent do all of the talking, they might be able to negotiate you a better deal!


Don’t: Be rude.

If you don’t like a home, briskly walk through it and observe, but there is no need to be unnecessarily rude. Homeowners are sometimes on the premises, and it’s not a good look to go into someone’s home just to speak poorly about it.


Do: Stay attentive.

Pay attention to what the other potential buyers are saying and observe how many others have signed in before you. Not only is it good to know what your competition is thinking, they may have also caught something crucial about the property that you missed! Do: Consult a Local Realtor Purchasing a home in today's competitive real estate market can be a giant undertaking. If you are like most people, you'll probably want some advice along the way. Not everyone with a real estate license is equally equipped to help you find the right home, at the right price for you and your family. Our dedication to you and your understanding of the home ownership process sets us apart. We offer a FREE, No Obligation Home Buyer Consultation, during which you will discover every step of the process, different financing options and home buying programs that may be available to you, a real time technology program that puts the latest real estate listing updates in the palm of your hand and much more! 


Posted in:Real Estate and tagged: Open House
Posted by Christopher Terry on February 22nd, 2018 10:50 PM



Good Afternoon,

2017 has come and gone and what a year it was, thanks to all our clients and customers who have become more like friends and our extended real estate family. We would like to thank all of you for making us your trusted real estate advisor.

We are proud to announce that Christopher Terry has exceeded his goals for both closed transaction sides and sales volume for 2017 with a year end total of $9,673,546.00 and 38 closed sides! Chris was also #1 for sales volume and units sold for single family homes in Fall River MA! None of this could have been possible without all of you and your support. If you have any real estate related questions, or any future real estate needs, don't hesitate to call Chris. And as always, your referrals are greatly appreciated.

With Much Gratitude and Appreciation,



Christopher Terry

798 Stafford Rd Fall River MA
508-646-4777 X105
Contact Us - About Chris
It's All About You!...Recommendations and Comments from People Just Like You!

Posted by Christopher Terry on February 1st, 2018 9:01 AM
View Comments (2)



 This Property Has

 Just SOLD! 

2587 GAR Hwy Swansea MA 
 

Christopher Terry, from EZ Home Search Real Estate, just represented a Buyer in the purchase of this beautiful 3 BR home in the Swansea MA. He utilized our step-by-step home buying process, strategic partners and referral resources resulting in our clients offer being accepted in this competitive real estate market.  

Purchasing a home in today's competitive real estate market can be a giant undertaking. Of course with all the euphoria also comes butterflies, especially leading up to the transaction. If you are like most people, you'll probably want some advice along the way. And you'll definitely need a skilled Realtor® looking out for your top interests. We have the systems, skills and experience to help you navigate the real estate transaction and would be honored to provide you guidance through the process. 
- EZ Home Search Real Estate - 

Free Home Buyer Consultation 
 
Not everyone with a real estate license is equally equipped to help you find the right home, at the right price for you and your family. Our dedication to you and your understanding of the home ownership process sets us apart. We offer a FREE, No Obligation Home Buyer Consultation, during which you will discover every step of the process, different financing options and home buying programs that may be available to you, a real time technology program that puts the latest real estate listing updates in the palm of your hand and much more! 
Click Here for More Details!
 
Free Insider Secrets eBook 
You have worked too hard for your money to needlessly give it away! That's why we are making available to you a helpful guide titled "8 Secrets for Saving Thousands When Finding, Buying and Financing Your Next Home." CLICK HERE for information on how to get your copy absolutely free!
 
EZ Home Search Real Estate
Contact Us - About Chris - SOLD By EZHS
It's All About You!...Recommendations and Comments from People Just Like You!

 

Posted by Christopher Terry on January 16th, 2018 8:33 AM



 This Property Has

 Just SOLD! 

321 Canonicus St Tiverton RI 
 
 SOLD  321 Canonicus St Tiverton RI 

Christopher Terry, from EZ Home Search Real Estate, just represented a Buyer in the purchase of this lovely and well cared for 3 bedroom home in Tiverton, RI. He utilized our step-by-step home buying process, strategic partners and referral resources resulting in a happy new home owner just in time for the Holidays! 

Purchasing a home in today's competitive real estate market can be a giant undertaking. Of course with all the euphoria also comes butterflies, especially leading up to the transaction. If you are like most people, you'll probably want some advice along the way. And you'll definitely need a skilled Realtor® looking out for your top interests. We have the systems, skills and experience to help you navigate the real estate transaction and would be honored to provide you guidance through the process. 
- EZ Home Search Real Estate - 

Free Home Buyer Consultation 
 
Not everyone with a real estate license is equally equipped to help you find the right home, at the right price for you and your family. Our dedication to you and your understanding of the home ownership process sets us apart. We offer a FREE, No Obligation Home Buyer Consultation, during which you will discover every step of the process, different financing options and home buying programs that may be available to you, a real time technology program that puts the latest real estate listing updates in the palm of your hand and much more! 
Click Here for More Details! 
 
Free Insider Secrets eBook 
You have worked too hard for your money to needlessly give it away! That's why we are making available to you a helpful guide titled "8 Secrets for Saving Thousands When Finding, Buying and Financing Your Next Home." CLICK HERE for information on how to get your copy absolutely free!
 
EZ Home Search Real Estate
Contact Us - About Chris - SOLD By EZHS
It's All About You!...Recommendations and Comments from People Just Like You!

 

Posted by Christopher Terry on December 19th, 2017 7:55 PM



 This Property Has

 Just SOLD!

 
 SOLD MLS#:  72227720

Christopher Terry, from EZ Home Search Real Estate, just sold this beautiful 4 bedroom, 2 bath raised ranch in Fall River MA using our comprehensive marketing plan including a strategic pricing consultation, photos and video tour, mobile friendly property tour and social media marketing resulting in happy home buyers and sellers! Please call for a private consultation and Free Comparative Market Analysis of your home.

Selling a home can be an exciting and challenging experience. Don't waste time stressing about picking the best real estate agent. We have the systems, skills and experience to help you navigate the real estate transaction.
- EZ Home Search Real Estate -

Property Description
 
Great In-Law Potential. This home has numerous features including central air, hardwood floors, a generator hook up, including a generator, and a garden shed. Plus this home includes an energy and money saving solar panel system and that is owned by the seller and transferring with the sale! Located on a dead end street near the new South Coast Marketplace, minutes to route 24, with desirable features seldom found, this home is sure to please!
 Full Property Description
 
 EZ Home Search Real Estate
798 Stafford Rd. Fall River MA
Christopher Terry - About ME
It's All About You!...Comments from People Just Like You!

 

Posted by Christopher Terry on December 16th, 2017 5:51 PM

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