8 Things Buyers Should Never Say at a Showing

Check out the the “8 Things You Should Never Say When Buying a Home”
by Liz Alterman.

1. This is my dream house!
2. That couch is hideous
3. I can afford to spend X
4. I can’t wait to get rid of that
5. Why are you selling?
6. What’s it really like to live here?
7. You’ll never get that price!
8. I’ll give you [an extremely lowball offer] for this house, whaddaya say?
(from Realtor.com, January 11, 2016)

Click here for the full scoop on why… it will definitely pay off in your favor when touring properties and negotiating an offer!

Jen McMorran, RealtorJennifer McMorran, Realtor
New Construction & First Time Home Buyer Specialist
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

respect, reputation, & referrals.
real estate for real people.

Kensington - Jen McMorranServing clients throughout Massachusetts.
Attleboro to Boston and the communities in between!

 

 

Waterfront Contemporary – Plainville, MA

front 9 Horseshoe
9 Horseshoe Drive
Plainville, Massachusetts
Offered at $399,900.

Are you looking for a great existing home to make your own in 2016?  Offering space for everyone, you have to check out 9 Horseshoe Drive in Plainville, MA.  This beautiful multi-level contemporary was the first to be built on Horseshoe Drive in Plainville (and was designed for Ronald Meyer of the New England Patriots!).    As the new homeowner, you will enjoy 2500 sf of living, 3 true bedrooms (but could be used as a 5 bedroom home), 3 full baths, a  spacious three season sunroom with wrap around deck, two functioning fireplaces, spacious family room, 2 car garage, gorgeous grounds, a spring fed pond for ice skating & fishing, and so much more! pond 9 Horseshoedeck view to pond 9 HorseshoeThere is some updating to do (unless you love mauve carpet –  honestly, though, it is a high-end carpet in great shape)  but the space in this home is incredible and the views spectacular.  With a little vision and patience, this home could absolutely be a show place.

For your work commute, 9 Horseshoe Drive is just 2 miles from Route 495.   You can then easily access Boston and Providence by route 95 or train.

This home is easy to show and sellers are eager to pass this home on to an appreciative buyer.  Just give a call or text 508-930-5259 or send me an e-mail at jen.mcmorran@gmail.com.  I’d love for the sellers to be able get this hidden gem into the right hands!

For more information on this property, click here.  You’ll find more pictures and a complete report.   Seeing truly is believing in this case though so if you are even just a little intrigued, stop by the Open House or make an appointment!

(Though this property abuts the town-owned pond, the current owners were not required to obtain flood insurance by their mortgage company. Listing courtesy of Anne Darling and Sheryle DeGirolamo.)

Jen McMorran, RealtorJennifer McMorran, Realtor
New Construction & First Time Home Buyer Specialist
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

respect, reputation, & referrals.
real estate for real people.

Kensington - Jen McMorranServing clients throughout Massachusetts.
Attleboro to Boston and the communities in between!

 

Basics of Buying a Home

MAR LogoThe Massachusetts Association of Realtors is such a wonderful resource for agents and consumers.  Check out the buying process – “simplified”.

10 Steps to Buying a Home

1`. Are you ready to buy and own a home?Family Home Purchase
2. Get a handle on your credit score

3. Get pre-approved for a mortgage
4. Determine what you can afford
5. Decide what you want in a house
6. Get help and consider working with a REALTOR®
7. Make an offer
8. Home inspection
9. Purchase & sale agreement

10. The closing

 

  1. Are you ready to buy and own a home?

This might seem like a simple question, but there is a lot to owning a home. There is the actual process of buying the home to the demands of being a home owner. If you are prepared and owning a home is right for you, then follow these next steps.

  1. Get a handle on your credit score

The vast majority of home buyers need a mortgage loan to buy a home, but because of the recent financial crisis, securing financing can be difficult.  Lenders make their decision on whether to issue a loan based on the likelihood they will be paid back. To do this, they look at your credit score.  The higher your credit score, the better chance you have for obtaining financing. Unfortunately, there can be errors on your credit reports that can impact your credit score. To prevent this, make sure to obtain your credit report from any of the three credit reporting companies (Equifax, Experian and TransUnion) and correct any errors prior to applying for a mortgage. https://www.annualcreditreport.com

  1. Get pre-approved for a mortgage

“Pre-approval” means you have met with a loan officer, your credit files have been reviewed and the loan officer believes you can readily qualify for a given loan amount with one or more specific mortgage programs. Based on this information, the lender will provide a pre-approval letter, which shows your borrowing power and that you have the ability to go through with a purchase.

  1. Determine what you can afford

While getting a pre-approval letter is an important step, determining what you can afford is a personal decision. Only you know what feels comfortable. Remember, in addition to your loan payment (that includes principal, interest, taxes and insurance) there are also heating and cooling costs, water and sewer bills and potentially maintenance and association fees.

  1. Decide what you want in a house

Make a list of the features and benefits you want in a home. Consider such things as pricing, location, size, schools, amenities and design. Consider your priorities. If you can’t get a home at your price with all the features you want, then what features are most important? For instance, would you trade fewer bedrooms for a larger kitchen or a longer commute for a bigger lot and lower cost? Finally, consider your needs in several years.

  1. Get help and consider working with a REALTOR®

A local REALTOR® truly knows the local market. They have been in many of the houses that are for sale in the market that you have seen online. They understand why certain homes in certain neighborhoods are priced the way they are.  They are also in the best position to help you find the house that most closely matches what you want in a home. Most importantly, a REALTOR® will be looking out for your interests

  1. Make an offer

Once you have found a house that you would like to buy, you need to make an offer to the owner. In a typical situation, you will complete an offer along with a $1,000 deposit that your REALTOR® will present to the owner and the owner’s representative. The owner, in turn may accept the offer, reject it or make a counter-offer. The owner’s response will determine your next step. (Please note: In some markets, it is not unusual to go directly to signing a purchase & sale agreement. Working with a local REALTOR® will be able to easily guide you through the process)

  1. Home inspection

After your offer is accepted, it is routine to have a home inspection. During these examinations, a licensed inspector determines if there are material physical defects and whether expensive repairs and replacements are likely to be required in the next few years. Such inspections for a single-family home often require two or three hours, and you should attend. This is an opportunity to examine the property’s mechanics and structure, ask questions and learn far more about the property than is possible with an informal walk-through.

  1. Purchase & sale agreement

Provided you are satisfied with the home inspection, the next step is to sign a purchase & sale agreement. This document details the specifics of the transaction, such as: repairs to be completed; fixtures to remain with the property the property’s status regarding lead paint; and, if a septic system exists, the confirmation of a Title 5 certificate (in Massachusetts).  The closing date is finalized and a five percent deposit is made (which is held in escrow until the closing). If you have any questions about your legal rights or responsibilities, you should consider consulting an attorney.

  1. The closing

This is the day when you will become a home owner, but there are several steps that are necessary. Prior to closing you will have a walk-through of the home you are buying. This is to make sure repairs (if any) were made and that the house is in the same or better condition than when you made the offer. Most lenders will require that you have a home owner’s insurance binder (proof of insurance) before they will close the loan. Many buyers also purchase title insurance that is bought with a one-time fee at closing. Title insurance protects owners in the event that title to the property is found to be invalid. After signing the loan documents (and there are many), the sellers will receive the remainder of the payment from the closing attorney and you’ll be handed the keys.

Disclaimer:
These steps are intended to provide a general guideline on how the home buying process works, however every transaction can have its own special situations or circumstances and might not be covered in this document. This publication is intended for educational use only. Opinion or suggestions in this publication do not necessarily represent the official policies or positions of the Massachusetts Association of REALTORS®.   The Massachusetts Association of REALTORS® does not accept responsibility for any misinterpretation or misapplication by the reader of the information contained in this article.  The publishing of this material does not constitute the practice of law nor does it attempt to provide legal advice concerning any specific factual situation.  FOR ADVICE ON SPECIFIC LEGAL PROBLEMS CONSULT LEGAL COUNSEL.

Happy Buyers, Happy Realtor!

Jesse and amanda recommendation

If talking about home buying and selling with friends and family, please know I love (and so appreciate!!) that the majority of my business comes from referrals.

Truly no better compliment than to be trusted to empower others to achieve their real estate goals.  Call, text, or e-mail anytime… I’m ready!

Jen McMorran, RealtorJennifer McMorran, Realtor
508-930-5259
Jen.McMorran@gmail.com
real estate for real people.
Kensington - Jen McMorran

 

First Time Home Buyer Myths

Have you been thinking about buying your first home?
What do you think is holding you back?

Make sure to get the facts before:
* spending more money on increasing rents which
may limit your ability to save for a down payment
OR
*you miss out on still historically low interest rates.

Slaying-Myths-KCm

I am so pleased to work with a variety of lenders that I trust to get the job done.   I only recommend Mortgage Officers who are willing to take the time to answer questions, explain processes, and work with you on accomplishing your goals.   And, always feel free to contact me as well with any questions or happy to set up a meeting … just call/text 508-930-5259 or jen.mcmorran@gmail.com.

Jen McMorran, Realtor

Jen McMorran, Realtor
508-930-5259
jen.mcmorran@gmail.com
http://www.jenmcmorran.realtor
http://www.BeHomeBeWell.com
Kensington - Jen McMorran

New Construction Specialist, First Time Home Buyers,
Townhomes & Condominiums, Exhisting Home Sales, Antique Homes

Working with buyers and sellers from Providence, RI to Boston, MA.

 

Ide’s Hill Common coming 2016! Open House, Sunday 12:30-2 at 1400 Commerce Way, Attleboro

Model Kitchen Ide's Hill CommonThinking about a move to carefree Townhome living in 2016?  We have what you’re looking for at IdesHillCommon in Attleboro, Massachusetts.   Building on our successful sell out of FlynnTerrace which attracted buyers from throughout Rhode Island and Massachusetts,  twenty-four more beautiful NEW upscale townhomes will be under construction soon for Summer 2016 delivery.   Site work is well underway with foundations to follow along for this fabulous new construction project.  Across the street from Flynn Terrace, Ide’s Hill Common will once again provide a perfect commuter location – a mile to Rt 95 and just minutes to the new train station in downtown Attleboro.  Just over the Rhode Island line, homeowners can easily access Providence, Boston, and all of the towns in between.

Flynn Terrace and Ides HillNow is the time to start planning…

I’ll have Flynn Terrace units Open on Sunday from 12:30pm-2pm  so you can tour actual custom home models  and get a real feel for the quality of our new construction as well as high end finishes .  (Our standard finishes truly are above the rest…. crown molding, wood & tile floors, central air, granite, tile backsplash, high efficiency heating systems, stainless appliances, garages.)  Ides Hill

Ide’s Hill Common Townhomes are for sale exclusively through the new construction specialists at Kensington. Give me a call or text to 508-930-5259 if you’d like more information or if you’d like to set up a time to tour Flynn Terrace and the Ide’s Hill Common site.

Sitework Ides HillDo you have a home to sell prior to making your next move?  Let’s chat and figure out the best plan to get your current home Sold. Maybe you want to sell now, move in with friends or family to save money while unit is under construction.  Or, do you have some work to do before putting it on the market?  Let’s make a list of priorities so your home will appeal to the most buyers and earn you the highest price.  Together we can create a plan that will ultimately get you where you want to be!

And please spread the word to friends and family.  It has been a pleasure working with so many referrals this year and this is a builder you can truly count on to create a quality home!

Jen McMorran, RealtorKensington - Jen McMorranJen McMorran, Realtor
508-930-5259
jen.mcmorran@gmail.com
http://www.jenmcmorran.realtor

Realtor.com (or .con) ?

22 cottageYou are browsing through listings on Realtor.com.  You know, just for fun.

And it happens, a home appears on the screen that may be “It”.

Hesitant to call and schedule an appointment, you fill out the “tell me more about this property” form in hopes the listing agent will send along some special tid bits of information on that listing.

Well, sadly, as it is with much of what we find on the World Wide Web, this contact form is not going to give you what or whom you are expecting.

The “tell me more about this property” form is not to provide you, the consumer, a service. This “form” is instead a tool Realtor.com uses to make additional money by charging agents for buyer leads (even on their own listings).    Your contact information is passed on to someone who has paid for “your lead” and may not to the agent associated with that listing.

If Realtors and brokerages choose not to pay the monthly fee, inquiries on our own listings are randomly distributed to those willing to pay a fee for leads.

For Sale by Jen McMorranSo, how can you get more information on the property from the listing agent who actually has direct connection to the sellers and has taken the time to “learn the house”?  Scroll almost all of the way down the property information page to the section entitled “Listing Provider”.  There you will find the Listing Agent’s name.  Since I have a profile all set up, you just need to click on Jen McMorran and that link will bring you to my agent page with all of my contact information.  I’d then be happy to send along any information I have (as I am sure any list agent would!!)

Real estate websites absolutely play a vital role in marketing properties and reaching the most consumers. I just feel it is so important for consumers to understand how these sites work.  If you are directed to an agent does not understand a property (or projects like our new construction), you as a buyer run the risk of being misadvised and/or missing out.  (Sadly I had this happen to two buyers this past spring when our Flynn Terrace townhomes were selling so fast.  Those two buyers missed out and a third had a pretty stressful transaction as they used the random agent assigned through Realtor.com to represent them.)

So, if you don’t have an agent and want “more information” from a source who actually has it, scroll down to the Listing Provider section.  If you do already have a relationship with an agent, give them a call and let them know you think you may have found the “one”.  They can then make the calls for you.

Real Estate transactions can be stressful enough… no need to make them more stressful.   Rely on the listing agent who knows the property best for more information or call the agent who knows you and your needs the best!

Jen McMorran, Realtor
Kensington Real Estate Brokerage
508-930-5259
jen.mcmorran@gmail.com
www.jenmcmorran.realtor
http://www.BeHomeBeWell.comKensington - Jen McMorran

Hey Mom – I’m putting a star up on my star chart!

This is why I work hard and how I want 
my buyers and sellers to feel at the end of every transaction. Thanks Kyle!

191 Tiffany Working with Jen was a pleasure. She assisted us in first buying our new house and again a month later as our selling agent for our condo. She had great insight into the local market and quickly understood what we were looking for in a new house.

14 Dailey outside
As a seller’s agent, Jen did an excellent job with our listing. Here her research and expertise led to an initial listing price higher than I would have done, but it resulted in a showing and ultimately an offer on the first day…

I would highly recommend Jen to anyone looking for or selling a house. She was very responsive and helpful during the entire process.  (Kyle R.)

Jen McMorran Head Shot (2)Please feel free to share my contact information with anyone you know who may be thinking about buying or selling.  It would be my pleasure to assist your friends, neighbors, co-workers, or family members with their next move.

Jennifer McMorran, Realtor  
Kensington Real Estate Brokerage

Jen.McMorran@gmail.com
508-930-5259
http://www.JenMcMorran.Realtor

 

 

What’s your goal?

Family Home Purchase

Does your new home search include…

a nice house

in a location that makes sense

with a mortgage you can afford?

Sounds pretty reasonable to me.

Are you feeling “stuck” because you have to sell you current home?

Are you afraid you won’t sell your current home
for as much as you think you should?

I can’t stress enough the importance of getting all of the facts
and considering the whole situation.

Maybe you’ll have to sell your current home for less than what you paid for it. Or, maybe you are even going to sell it for less than what you owe on your mortgage. I’m sure the thought of bringing a check to the closing table to sell your house seems unbearable,
BUT… what if that allowed you to purchase your next home? That’s sounds better, right?

Try thinking of it as a cost associated with your purchase and not a loss on your sale.

Mortgage rates are still low and very affordable.   New housing inventory is steadily trickling on to the market.  Let’s determine the most likely selling price for you home.    Then let’s set up time with a mortgage officer to determine the price point you can afford and feel comfortable with on your next home purchase.

First time home buyerThere may be some bumps in your journey to a new home.

Ultimately, though,  if you end up in a home you like,
in a location that works
with a mortgage you can afford,
isn’t that really the goal and worth it?

I can be conveniently reached by phone 508-930-5259, text 508-930-5259 or e-mail jen.mcmorran@gmail.com.

 Whether buyer, selling, or both, let’s determine your goal and create a plan to reach it.

Jen McMorran, Realtor * 508-930-5259 * jen.mcmorran@gmail.com
*Kensington Real Estate Brokerage *

New Construction Projects:

Flynn Terrace KitchenFlynn Terrace:  3BR, 2.5BA Townhomes with 2 car garages. Starting at $314,900
*Open House, Saturday 12-2 * 1400 Commerce Way, Attleboro*

Brigham Hill:  New custom homes. Will build to suit. Starting at $500,000.
24  Brigham Hill53 Brigham Hill, Attleboro * Open House, Sunday 12-2
Up and Ready! 3BR, 2.5BA Colonial with walk-out basement and solar power! $475,000

First-Time Home Buyers… Five Common Mistakes (and how to avoid them!)

First Time Home BuyersTis the season … the Spring housing market is taking off.  If you are first time home buyer, now is the time to get prepared with the basics so you can take advantage of new inventory coming on the market and the continued low interest rates still under 4%  (and if you’re new to it all, under 4% is great!).

5 Common First-Time Home Buyer Mistakes

Finding Home1.  They don’t ask enough questions of their lender and end up missing out on the best deal.

 2.  They don’t act quickly enough to make a decision and someone else buys the house.

 3.  They don’t find the right agent who’s willing to help them through the home buying process.

4.  They don’t do enough to make their offer look appealing to a seller.

5.  They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.
Source: Real Estate Checklists and Systems, www.realestatechecklists.com.

 

How to Avoid 5 Common First-Time Home Buyer Mistakes

1.  They don’t ask enough questions of their lender and end up missing out on the best deal.
ASK QUESTIONS!
What is the current interest rate? What will my monthly payment be including taxes & insurance?
What happens if the rate goes up?
What happens if the rate goes down? Is there a program to make sure I get the lower rate if it decreases before I close? Is there a fee for that program?
What are the fees involved with this loan? Will I be charged PMI (private mortgage insurance)? Can I avoid that?
What do I need for a downpayment?
Can I get a gift of money from friends or family to put towards my downpayment?
If I am buying new construction which won’t be ready for a few months, can I lock an interest rate in now? Are there any extended rate lock programs available?

2.  They don’t act quickly enough to make a decision and someone else buys the house.
The Spring market can move at a fast and furious pace … BE PREPARED and READY to make an offer!  
If there is a listing you love and think is a good value, chances are hundreds of other buyers and agents are thinking the same thing. Let’s set up a search NOW so you get daily updates of homes in your price range. Even if you are thinking Summer, now is the time to get comfortable with the market and a better feel for what you like and what you can afford.
Then, set up time to meet with a mortgage officer. This is a great time of year to do it since you already have much of the paperword handy from filing your taxes.  They will consider your credit score, income, debt, and assets when figuring out the mortgage amount for which you will quality.  Remember, you need to be comfortable with the monthly payment!!  You know your lifestyle, so even though you may qualify for a higher  mortgage amount that doesn’t mean you have to search that high.  If you are a solid borrower, they will give a prequalification or pre-approval letter that we can then present to strengthen any offer you may make.  If the mortgage company, feels you need to wait a bit to work on credit or decrease debt, ask them what specific things you should work on and pay off – it will make a difference.

3.  They don’t find the right agent who’s willing to help them through the homebuying process.
I truly enjoy sharing the knowledge I have gained over the years both personally and professionally to make a first time home buyer as comfortable as possible with the process. I have no expectations of you except that you will be honest, willing to listen & learn, and ask a million questions along the way. You’ve never done this before and honestly things are constantly changing in Real Estate. Friends and family will have their opinions, but remember how important it is to get the facts and to form your own opinion. I am ready to guide you from starting your search to closing on your first home.

4.  They don’t do enough to make their offer look appealing to a seller.
There is more to an offer than just sale price. As a buyer’s agent, I always urge buyers to think about presenting a strong offer.
Present a $1000 check as a deposit with the offer (If the offer is accepted, that money will be applied to the amount you ultimately need to bring to the closing anyway. If the offer is not accepted, the check gets handed back to you.)
Have a pre-approval letter from a reputable bank ready to submit with your offer.
Think about the closing date – would a quick closing work better for a seller or an extended closing? Maybe a seller would like flexibility with a closing date because they are searching for a new home themselves or building one?
Are you looking to have closing costs paid for so there is less money out of your pocket? If you are in a bidding war with other buyers, consider offering over the ask price so you can finance your closing costs into the mortgage (The seller would credit you back that amount at closing. Sometimes this can lead to issues with the bank’s appraisal of the property so make sure to discuss with your buyer’s agent.)
Time is of the essence when selling a home. Make sure dates for inspection, Purchase and Sale signing, and mortgage commitment are reasonable but not drawn out. A seller does not want to lose marketing time if your deal is not going to go through.

5.  They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

You likely will not be in your first home forever. Think into the future about when you try to sell this home. If it is a hard location to sell now, it is most likely going to be a hard location later as well. When you sell, you will be paying the agent’s commissions (typcially 5%). Do you think this home will appreciate to cover that and allow you to purchase a new home? Are there major projects that need to be done now? Buyers are going to want those projects to be completed when you sell or they are going to expect a drastically reduced price to adjust for that. Every property will have its advantages and disadvantages. Let’s discuss those now and anticipate how to correct for them in the future.  Your offer should reflect your concern with resale value.

I really do enjoy working with First Time Home Buyers so please let me know when you are ready to start the process.
I am ready to guide you through the whole the process, from search to close!

Jen McMorran, Realtor * 508-930-5259 * jen.mcmorran@verizon.net
Kensington Real Estate Brokerage * www.jenmcmorran.realtor