Why own a home?

Are you thinking it is time to make the move into to homeownership?
Helping buyers purchase the right home is what I do.
Put my extensive experience as a real estate professional in local residential home sales to work for you!  Just give a call 508-930-5259 or an e-mail jen.mcmorran@gmail.com.
Homeownership-Month-STM-ENG-791x1024 (1)

Not sure where to start?  First Time Home Buyers are one of my specialties.  I have the patience, knowledge, and the right team of professionals to guide you through the entire process.  I surround myself with professionals who understand that as a First Time Home Buyer you are going to have questions, you are going to be getting advice (good and bad) from family and friends,  and that you aren’t even going to know enough about some parts of the transaction to know you should be asking questions.  That is when we make the biggest difference for you.  We aren’t just about numbers and deals… we are about working with people to assist them in making the best decisions they can when it comes to their upcoming homeownership move.

When you make the choice to work with me, you will also have the opportunity to work with some of the best mortgage officers, home inspectors, attorneys, and contractors around.  We have a track record of respect in the industry and success in reaching our clients’ home ownership goals.  The best part … we are ready now to work hard for you!

Always a pleasure to be of any assistance to you or anyone you know who is thinking about buying or selling a home. I love to work hard for my clients and your referrals throughout Massachusetts and Rhode Island.

Jen McMorran, Realtor

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Assocate
Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real estate for real people.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Looking for a first home to make your own?

Are you looking for an affordable home that you can make your own while mortgage rates remain low?  Love the idea of being just blocks from the train station for easy commutes to Boston or Providence?  How about being just a short stroll from amazing restaurants and pubs like Canova’s and Morin’s?  Or close to the YCMA for your daily workouts,  a relaxing swim, fun classes for kids, or getting together with other community members? Or do you enjoy hanging out at the library curled up with a good  book?

IMG_0999Well, if you make 128 Union Street in Attleboro your next home, you can have all of that to enjoy!


Very accommodating sellers … Easy to show by appointment as well!

128 Union Street, Attleboro
NOW $214,900

IMG_1004Tucked away off of Union Street down a shared driveway you’ll find a solid 3 bedroom Colonial full of charm and potential AND a HUGE private backyard.  This truly is a little gem of a property!    Located just blocks from Attleboro’s vibrant downtown,  you will enjoy a newer roof, windows, driveway, and shed.  Great space includes an eat-in kitchen, good sized family room, a living room, and spacious full bath on the main level and three bedrooms on the second level.   Hardwood floors throughout almost the whole home except for tiled kitchen and carpeted living room.  The fenced backyard is perfect for outdoor gatherings with friends and family with plenty of space for relaxing, entertaining, and playing.

Stop by the Open House on Saturday or let’s schedule a private showing.  Sellers are great to work with and usually just need a little notice.  Please feel free to contact me by phone 508-930-5259, text , e-mail jen.mcmorran@gmail.com, or simply fill out the form below.

And if I can ever be of any assistance to you or anyone you know who is thinking about buying or selling a home, please be in touch.  I love to work hard for my clients and their referrals throughout Massachusetts and Rhode Island.

Jen McMorran, Realtor

Jennifer McMorran, Realtor
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Assocate
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real estate for real people.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Kensington - Jen McMorran

 

Opportunity knocks!! 113 North Ave priced to sell at $259,900

HUGE Price Break!!
113 North Ave in Attleboro
Now $259,900
OPEN HOUSE, SATURDAY  11:30-1:00 ~ October 14, 2016
or by appointment (Jen 508-930-5259)

beautiful-turn-of-the-century-home-113-northThe current owners of 113 North Ave in Attleboro  have truly loved living in their home and have enjoyed all that it has had to offer over the years but they are now ready to pass on this wonderful 3 bedroom, 2 full bath Colonial to its new owner to enjoy.  Could that be you or someone you know?

I will be hosting an Open House on Saturday, October 14, 2016 from 11:30-1:00pm.  I’d love to have you come buy to take a tour and to spread the word about this true gem.

This home is loaded with gorgeous finish details and beautiful charm.  Such great space for living both inside and out.  Enjoy a good sized kitchen, living room and dining room with gleaming hardwood floors, two full bathrooms, three bedrooms, both a deck and a front porch for relaxing on these sunny fall days, and you can’t beat the location near Bishop Feehan High School with easy access to route 95, the new Attleboro train station, shopping, restaurants, medical facilities and more!

The fantastic new price now provides the opportunity for buyers to come in to make this home their own that they too will love for years to come.

Sellers are motivated and at this price, 113 North Ave won’t be on the market long.

Stop by the Open House on Saturday October 14th or give me a call/text 508-930-5259 to schedule a private showing.

Jen McMorran, RealtorJennifer McMorran, Realtor
New Construction & First Time Home Buyer Specialist
(and Antique lover & home owner)
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

www.BeHomeBeWell.com

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

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!

 

 

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 Buyers – Saturday Open Houses & great spring inventory!

Are you a first time home buyer? If so, this truly is a great time to finally make that big Move into home ownership!

Rates are still in the 3’s with the typical 30 year fixed rate loan at 3.75% (Funny to think back to our first house in 1995 when we thought rates coming down to 7.5% was great!!  And forget asking my parents who had paid rates in the double digits!)

We have some beautiful homes For Sale.
Take a couple of hours this weekend and do some exploring at our Open Houses .
Or, GIVE A CALL!
After this long winter, I LOVE getting out with buyers to tour properties and talk about the process of buying a home.

Flynn Terraceflynn unit 2 kitchenSaturday 10am-12pm
Flynn Terrace
1400 Commerce Way, Attleboro
New 3BR, 2.5BA Townhomes
Just a mile from Rt 95, perfect for commuting anywhere!
$307,900-$319,900

1158 Park StSaturday 12:30-2:00
1158 Park Street, Attleboro
NEW 3BR, 2.5BA Colonial Up & Ready!
Builder is eager to move on to next project so let’s negotiate an offer!!
$374,900

122 LymanSaturday 12:00-2:00
122 Lyman Street, North Attleboro
Great 3BR Ranch tucked away in neighborhood near schools
Now $314,900

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

First Time Home Buyers!

Pat and Meg ClosedAttention First Time Home Buyers in the North Attleboro, Attleboro, Plainville, Wrentham, Foxboro and Mansfieldyear fixed rate loan is still below 5% (4.375% average today), interest rates are predicted to creep up the second half of 2014.

If you can afford to buy now, let’s find the home that home fits your lifestyle and budget.  This truly is a great time to make a move.  Your money is going buy more home now than when interest rates increase (as interest rates increase you pay more to the lending institution in interest each month which then decreases your buying power)

And, there are still some great affordable homes in North Attleboro, Attleboro, Plainville, Wrentham, Mansfield, and Foxboro areas if you are looking in the Southcoast area of Massachusetts.   Clients and I even found solid homes in the Metrowest area at an affordable price point.  They settled on a property in Ashland that needed some updating but nice layout, nice lot, and a really nice location – a few cans of paint and it is already looking like a whole new house.   The  best part … it is a house that they truly grow into and make their Home.

Contact a mortgage professional, let me know what you are looking for in a home, and then let’s have a look at the inventory.  Happy to pass along names of some of my trusted mortgage professionals.   Just give a call, text, or e-mail. Together we can put together a plan for buying your first home and make it happen!!    Jen

Jen McMorran, Realtor  508-930-5259    jen.mcmorran@verizon.net

What Is A Mortgage Rate?

A mortgage rate is the interest rate on your home loan. There are many factors that go into deciding what your interest rate will be when securing a mortgage including inflation, the Federal Reserve, the yield on the 10 year treasury note, your credit score and the mortgage company’s specific fees.

How is the Interest Rate Different from the Annual Percentage Rate (APR)?

The interest rate is the rate on the loan itself and does not take into account closing costs. The APR is the interest rate with the closing costs or closing credits accounted in it. The APR provides a more “apple-to-apples” comparison across loans, as long as the same types of costs are included in each home loan.