Judy Moore - Barrett Sotheby's International Realty



Posted by Judy Moore on 1/26/2020

The more you know about the process of buying a house, the better prepared you'll be for doing it successfully.

How might you define "success" when it comes to purchasing a home?

There are a lot of standards that could be applied to successfully navigating the home buying process, but here are a few that immediately come to mind:

  • Finding the house of your dreams: While very few people find a home that is absolutely perfect in every way, it is possible to come close to achieving that ideal. Although a certain amount of flexibility goes a long way, knowing what you want and prioritizing important features are among the main prerequisites to getting what you want. As baseball legend Yogi Berra once said, "If you don't know where you are going, you'll end up someplace else." Thanks to the variety of websites devoted to home ownership, home decorating, remodeling, and landscaping, it's easy to find pictures online that can help inspire your imagination and clarify exactly what the house of your dreams might look like.
  • Minimizing setbacks and frustrations: The process of house hunting is a journey that often involves bumpy roads, detours, and dead ends. One secret to getting through it successfully is to work with an experienced real estate agent who knows the ropes and can keep you on track. It also helps to approach house hunting with a sense of optimism, resourcefulness, and commitment. Although you probably have a lot of competing priorities in your life, finding a house that you and your family will be happy in for the next few years deserves a top spot on your list!
  • Avoiding unpleasant surprises: Knowing your credit score and understanding the impact it will have on getting loan approval and a favorable interest rate will help prepare you for the financial side of buying a house. The ability to get prequalified for a mortgage and come up with sufficient down payment will also set the stage for a successful home buying experience. On the plus side, a higher down payment can potentially result in a lower interest rate and not having to pay private mortgage insurance (A 20% down payment is necessary to avoid PMI.) Since many loan programs and lenders require at least a 3-5% down payment, that can be a stumbling block for first-time home buyers. To purchase a $200,000 home, for example, you'd need to come up with a cash outlay of between $6,000 to $10,000 -- not an easy feat for everyone!
If coming up with a sufficient down payment is an issue for you, your real estate agent or loan officer can work with you to brainstorm possible solutions and alternative strategies. For some first-time home buyers, the best plan is to postpone your house buying plans for a couple years until you can improve your credit score and set aside several thousand dollars for a down payment.





Posted by Judy Moore on 1/24/2020


2287 Massachusetts Ave, Lexington, MA 02421

Single-Family

$2,328,000
Price

13
Rooms
6
Beds
6
Baths
Exceptional architect designed Colonial sited on a pretty 17,000+SF lot up the street from Lexington Center and just steps to Hastings Park and Hayden Rec Center. Built by a premier Lexington builder, featuring 6 BRs & 6 BAs, this handsome home offers over 6000 SF of living area on four levels with a luxurious master suite with fireplace, sitting area, ample walk-in closet and amazing spa like master bath. Flexible floor plan includes a first floor bedroom or office option with adjoining full bath. The heart of this home is the custom designed kitchen with center spacious island, quartz countertops, high end stainless steel appliances, prep area, pantry and breakfast nook overlooking a lush private backyard with stone patio with fire pit. Gatherings will be special in the oversized family room, 3rd floor bonus room, LL game room with gym area and full bath. Enjoy a top ideal location just a short walk to elementary & high schools!
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Judy Moore on 1/19/2020

Image by Andy Dean Photography from Shutterstock

In past housing markets, it was common for investors to flip houses. Unfortunately, when the housing bubble burst, many buyers couldn't update and sell the homes they'd bought. After a bit of a downturn, the trend has picked back up. However, savvy investors know that the housing market has much tighter margins than it has in the past. If you’re thinking about getting into the house-flipping game, consider the following tips as you get started.

Here are some tips to protect your potential investment:

  • Not every housing market is profitable: Many homes can be purchased, renovated, and potentially sold in every part of the country. But some locations do not have the sort of economic growth that makes property flipping viable. Know your market and local property values. Keep in touch with what’s happening in the community and be prepared with a plan B in case the home doesn’t sell.

  • Do your homework. There are fewer deeply discounted homes available to investors. Plan to pay the full price in cash but arrange a contingency to have the home inspected. If the inspection reveals issues, especially with primary systems such as electrical and plumbing, walk away. Or, offer the seller a lower price to account for needed repairs, and potentially get a better deal. Anything revealed during the inspection that the seller did not fix your responsibility to repair or replace before you can flip the property.

  • Respect your margins. Unlike in reality shows the profit made from buying and selling a home is not as large as it appears. When you find undervalued homes, you need a cushion built-in for the rehab. If the difference between what you paid and the new selling price is insignificant, it’s not a sound investment. Avoid purchasing property that requires thousands of dollars of repairs or upgrades. You'll end up with a lovely home, but little to no income to show from it.

  • Constantly monitor the inventory. Fewer homes on the market mean finding one with flip potential is more difficult. 

Seek help from a professional

Maintain a close relationship with your real estate professional so that when potential homes come on the market, you’re the first to hear. Your real estate professionals know the local market. They watch the trends and know who is buying, who is selling, and who is holding. They also know which repairs and upgrades are essential to make a quick sale. Let them guide you.




Categories: Uncategorized  


Posted by Judy Moore on 1/12/2020

It’s never too early or too late to start encouraging your children to explore new things and learn new skills. Children will spend most of their time at home, playing with various toys, and learning from their families.

 One way we can encourage kids to learn is to create a positive learning environment within our homes.

 Doing so doesn’t have to be an expensive or time-consuming project. There are many ways you can integrate fun learning experiences into your child’s daily life at home.

 In this article, we’re going to cover some of the cheap and simple ways to create a positive learning environment right at home so that you can build upon what they have learned (or what they will be learning soon) at school.

 Reading

It may come as no surprise that kids who read frequently are statistically more likely to excel at school. However, that doesn’t mean you just need to sit them down with a copy of Hamlet and wait for their Ivy League acceptance letter.

Reading can be an important way to learn and bond together with their child. The best way to encourage them to read is to read together the books that you’ll both enjoy.

Slowly building a home library or bookshelf is a fun way to visualize your hard work and all of the books you’ve read together. The best part is that you kind find countless used children's books for less than a dollar at your local thrift store.

Let your child take the lead

Creativity is something that is fostered and taught. Children are lucky to have active imaginations that let them make up games and stories on their own. However, you can help steer that creativity into fun projects at home that will produce something they can be proud of.

A good way to do this is to let your children direct you in the direction of their interests. If they ask you, “Can I try?” while you’re mixing cake batter, you’d often be surprised at how capable they are. Getting them involved doesn’t have to mean spending hundreds on a chemistry set that will be used just once--find ways they can help with projects that exist already around your house.

Be a mentor

Parenting is full-time work. It can be hard to find time to spend learning with children after a full day of work and cooking dinner, and it’s tempting to spend the rest of the night binge-watching Netflix shows. However, it’s possible to relax while still setting a good example for your child.

Watching science shows or nature documentaries together can help you both learn something new. Making trips to museums or growing a garden together on the weekends are other ways you can learn new things and skills and have fun with your children at the same time.

When it comes to food, eating healthy, home-cooked meals and nutritious snacks can be a way for both of you to improve your health and learn the benefits of nutrition.




Categories: Uncategorized  


Posted by Judy Moore on 1/5/2020

Image by Suphaksorn Thongwongboot from Shutterstock

When relocating to a new home, you’ll need to plan to pack, hire movers, and to change your address with the post office but don’t forget to update your car insurance. If you’re moving to a new state or just to a new zip code, you will have to make some changes to your insurance to ensure you’re covered at your new residence.

Do You Have to Change Your Car Insurance When You Move?

Each state, and sometimes counties and cities, set the requirements for auto insurance coverage. Some states require a higher level of accident coverage, while others may require a coverage lower than what you already have. You need to adjust your policy to suit the demand of the state. If your current coverage meets the requirements, your premiums may still change. 

Decide on an Insurance Provider

As soon as you are confident you will move, contact your insurance company to see if they conduct business in your new state. Ask your insurance agent about the rules of your prospective state and if you need to change your policy. Doing this early gives you enough time to make the necessary adjustments and have them in place for when you move. If the company you use does not operate in your new state, take some time to research your options. 

Insurance costs vary from one carrier to the next because each company emphasizes different factors that might affect your vehicle in your new location. If you need to change your current insurance company, plan to compare prices and policies from at least three different carriers before deciding on which provider you want.

No-Fault Coverage

Some states in the US require car owners to have "no-fault" insurance coverage. No-fault coverage means that a car owner's insurance company covers any loss, medical bill, or funeral expenses caused by a car accident irrespective of whose fault the accident was (yours or the other driver). You have to find out if your new state has such a law so that you can put the required coverage in place.

Insurance Premiums

Insurance companies factor the chances of various events occurring before determining your premium. Relocating to another state might increase or decrease the likelihood of you making a claim due to theft, vandalism, or accidents. If you move from a small town to a larger city, it is likely your payments will increase. 

For more clarification on your car insurance, speak to an agent in your insurance company before the day of the move. Your realtor can recommend the best options for you to choose from in your new location, so add that to your talking points for the next meeting.




Categories: Uncategorized