Open house on 3/26/2017 at 7 Quail Hollow Westborough, MA 01581


Date: 03/26/2017 Time: 12:00 PM to 2:00 PM  
For Directions: feel free to contact me.  
For more information: click here for the full details  

Desirable Westborough colonial situated on 1.93 acres on a cul-du-sac and abutting town owned conservation land – what more could you want! This wonderful home features a large center island kitchen with granite counter tops, stainless steel appliances, hardwood floors and eat-in area. If you prefer, just off the kitchen you can relax and enjoy eating in the three season room overlooking the private backyard. The dining room features hardwood floors, wainscoting and crown molding for those more formal occasions. At the end of the day enjoy the comfort of the fireplaced family room. On the second floor you will find a large master bedroom with walk-in closet and master bath, three more generous bedrooms and a second bathroom with a double sink vanity. The lower level features an exercise room/office with walkout to the backyard. Enjoy nature to its fullest while conveniently located to downtown, train station and highways.

How To Save For A Down Payment

If you are thinking of buying your first home, you’re thinking of making the single biggest purchase of your entire lifetime. Real estate is complex. From getting finances in order to understanding the entire process to securing the home you love, there’s so much that you’ll need to know when it comes to buying your first home. 

What Is A Down Payment?

A down payment is a one-time cash payment that you’ll provide at the closing table when you buy a home. How much your down payment is will have an effect on how much your monthly mortgage payment will be. It will also affect your initial home equity value. 

Should You Keep Renting?

First, you’ll need to think of a savings goal and a timeline. The general rule is that if you own a home for at least 5 years, you have gotten your “money’s worth” out of the closing costs and the fees you paid at the time you purchased your home. If you don’t think you’ll stay in a home for at least 5 years before making another move, you may want to consider renting until you know where you want to settle. 

What Can You Afford? 

You’ll need to calculate just how much home you can afford. Look at potential monthly mortgage payments plus taxes, fees, insurance, utilities and other monthly expenses that you have.

In dual-income households, it’s nice if the living expenses can be covered just by one person’s paycheck. Once you have an idea of your budget, you can price out homes that will meet your needs and be in your price range. 

Why You Should Save More

The best practice in buying a home is to put 20% down on the house. With this sizable down payment, it will be easier to get approved for a mortgage. You’ll also avoid needing PMI (private mortgage insurance.) This is an additional cost for people who put down less than a 20% down payment. This can cost you a lot of money each month, so it’s best to save as much as you can for that initial down payment. 

Don’t be discouraged. You can still buy a home with a lower percentage of a down payment, but you’ll have to pay for the PMI and include the additional expense in your budget. The Federal Housing Administration has many different options available that allow you to put a smaller down payment on a home, so do your homework.  

How To Save 

           

Once you get an idea of about how much you’ll spend on your home, you need to take action and start saving. There are many ways that you can save automatically without even thinking about it. You can choose a fixed amount or percentage of your paycheck and save it automatically into the house fund. Save as much as you can so you’ll be able to make your home purchase more quickly. You may even want to consider putting your money into a money market account for a higher return on your savings once you reach a certain goal. 

Don’t Forget To Save Your Bonuses

Whether you have received a gift or a sizable Christmas bonus, make sure that you put that money away towards your home purchase. Every little bit helps. While we may have an inclination to want to spend the money on more immediate things, you’ll be happy that you saved your money when you head to purchase your house! 

Use Your IRA

The IRS allows a tax benefit for first time home buyers. You can take out up to $10,000 out of your IRA or Roth IRA for a first time home purchase. Your Roth IRA account must be at least 5 years old in order for you to do this. Distributions from this account are tax-free, but you’ll need to pay tax if you withdraw form a traditional IRA. You should discuss any withdrawals that you do make with your financial advisor and your tax advisor. This could be an opportunity for you to build your wealth in a new way, so make an informed decision. 

Happy saving and happy house hunting!

Single-Family – 7 Quail Hollow Westborough, MA 01581 is now new to the market!

Desirable Westborough colonial situated on 1.93 acres on a cul-du-sac and abutting town owned conservation land – what more could you want! This wonderful home features a large center island kitchen with granite counter tops, stainless steel appliances, hardwood floors and eat-in area. If you prefer, just off the kitchen you can relax and enjoy eating in the three season room overlooking the private backyard. The dining room features hardwood floors, wainscoting and crown molding for those more formal occasions. At the end of the day enjoy the comfort of the fireplaced family room. On the second floor you will find a large master bedroom with walk-in closet and master bath, three more generous bedrooms and a second bathroom with a double sink vanity. The lower level features an exercise room/office with walkout to the backyard. Enjoy nature to its fullest while conveniently located to downtown, train station and highways.

This is a Colonial style home and features 8 total rooms, 2 full baths, 1 half bath, 4 bedrooms, 1.93 Acres, and is currently available for $590,000.

For complete details click here.

Why One Cost Estimate is Never Enough

Although home ownership brings with it a lot of benefits, there are times when the cost of maintaining those benefits can seem pretty high. Fortunately, it’s possible to control many of those costs with a little planning, organization, and research.

When it comes to choosing service providers, home improvement contractors, or even retailers of major appliances, it pays to compare prices, features, and guarantees. Whether you’re looking for a dependable swimming pool builder, a house painter, or a kitchen remodeling contractor, online customer reviews can provide valuable feedback and help steer you in the best possible direction. That, combined with a few other techniques for evaluating services and contractors, can help ensure that you make wise decisions you’ll be satisfied with for years to come.

Why Comparison Shopping Pays Off

If it seems too time consuming or inconvenient to get more than one quote for a major purchase or home improvement, here are a few compelling reasons to reconsider your position:

  • Significant price variations: Getting multiple quotes can help put you in the driver’s seat when it comes to controlling household expenses. It’s all too easy to overpay on a product or service when you have no points of comparison. Even if you’re just saving $50, that’s hard-earned money that can be saved, invested, or spent on something else you and your family needs. It’s amazing how much of a price variation there often is between providers of similar services. When you rely on one contractor, retailer, or landscaper to deliver the most value for your money, you’re failing to look at the full range of choices. However, when you factor in other prices, customer service policies, payment terms, and features, then you’re giving yourself the information you need to make the most economical decision. In many cases, that can translate into hundreds of dollars of savings, enabling you to keep more money in your pocket or bank account.
  • Comparing features and benefits: Once you start comparing things like customer reviews, price differences, guarantees of satisfaction, and value-added features, then one contractor, service provider, or manufacturer may quickly emerge as the clear winner. When it’s an individual you’re considering, such as a handyman, house cleaner, or plumber, things like experience, references, attitude, and work ethic can also make a big difference in your level of satisfaction.
  • Knowledge is power: One of the advantages of reading online reviews, getting at least three estimates, and comparing different proposals is that you become more knowledgeable about what you’re going to be spending your hard-earned money on. This not only helps you make an informed decision, but it gives you the knowledge to communicate your expectations more clearly to the person or company who ends up getting your business.

One final benefit of comparing proposals and evaluating all the pros and cons of each offering is that you’ll never have to wonder if you overpaid for the product or service you’re getting — whether it’s home improvement, an HVAC installation, or a bi-weekly property maintenance service.