Posted by Jennifer Santosuosso on 10/15/2017

A homebuyer is an interesting person, and perhaps it is easy to understand why.

Each homebuyer is different, yet every property buyer shares a common goal: to acquire a top-notch house at a budget-friendly price. Furthermore, how a homebuyer approaches the property buying journey may dictate how long it takes this individual to accomplish his or her ultimate goal.

So what does it take for a homebuyer to become a homeowner? To find out, let's analyze the homebuyer's perspective and consider three steps that a homebuyer can take to speed up the property buying journey.

1. Know What You Want to Find in Your Dream Residence

No two homebuyers have the same definition of a "dream" residence. As such, it is up to you to define the criteria for your home search, and doing so may help you accelerate the homebuying cycle.

Differentiate between "must-haves" and "wants" before you kick off your home search Ė you'll be glad you did.

"Must-haves" refer to things that you absolutely need from your dream home. Some of the most common must-have home features include a fenced-in backyard or multiple bedrooms.

On the other hand, "wants" are things that you would like to have but can live without. These may include an indoor swimming pool, a spacious basement or other non-essentials.

After you define your dream home must-haves and wants, you can narrow your search for the ideal house. Then, you can move one step closer to transforming your homeownership dream into a reality.

2. Get Pre-Approved for a Mortgage

Let's face it Ė every homebuyer wants to acquire an excellent residence, but no one wants to break their budget to purchase a house. Thankfully, you can meet with a variety of banks and credit unions to get pre-approved for a mortgage before you embark on your quest for the ideal house.

Getting pre-approved for a mortgage can be fast and simple. Meet with several lenders, and you can explore all of the mortgage options at your disposal.

Also, don't forget to ask questions about different types of mortgages. This will allow you to become a mortgage expert and select a mortgage that matches your finances perfectly.

3. Collaborate with a Real Estate Agent

As a homebuyer, entering the real estate market can be overwhelming. But with a real estate agent at your side, you can get the support you need to secure a first-rate house at an affordable price, regardless of the current housing market's conditions.

A real estate agent is a housing market professional who will go above and beyond the duty to serve you in any way possible. He or she will set up home showings, keep you up to date about new residences as they become available and negotiate with home sellers on your behalf. Plus, if you ever have homebuying concerns and questions, a real estate agent will be happy to respond to them at any time.

Ready to acquire your dream residence? Now that you understand the homebuyer's perspective, you can take the guesswork out of finding and buying a residence that matches or exceeds your expectations.




Categories: Uncategorized  


Posted by Jennifer Santosuosso on 10/11/2017

This Multi-Family in Milford, MA recently sold for $390,000. This style home was sold by Jennifer Santosuosso - Millennium Realty.


44 GROVE ST, Milford, MA 01757

Multi-Family

$389,900
Price
$390,000
Sale Price

2
Units
2,422
Approx. GLA
By far, one of the nicest multi-family homes in the area. Offering two units with 3 bedrooms and 1 bath each, this completely renovated home (2003) is move in ready. Both units offer spacious kitchens with recessed lighting and plenty of cabinets and three bedrooms with ample closet space. Plus, Unit #1 has hardwood flooring, charming bay windows and ceiling fans throughout. Each unit offers a private deck and washer/dryer hookups in unit. Great for owner occupied or investors. Must see!

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Categories: Sold Homes  


Posted by Jennifer Santosuosso on 10/8/2017

Owning a home seems like a logical step in the game of life that most people take. Itís a good investment and better for your finances than renting. Just because it seems like the right thing to do, doesnít actually mean that it is the right thing to do for you and your situation. There are a few clear-cut signs that youíre just not ready to buy a home. 


Your Income Is Too Low


Even if you think that you make enough money to buy a home, you need to take a look at your own finances before you start looking. Youíll need a large sum of money upfront to buy a home, so saving will need to be our thing. Between closing costs and the 20 percent down payment that you should have to buy the home, you donít want to spread your income too thin. Financial experts recommend that your monthly mortgage payment isnít more than around 30 percent of your monthly income. 


Debt Has You Pinned Down


Even if you do have enough money to buy a home and make monthly mortgage payments without worry, you may have too many other bills to pay. If you have massive amounts of student loan debt, maxed out credit cards, or other large loans, you may want to think twice before you buy a home. Lenders will look at whatís called your debt-to-income ratio. Your load of debt should be 38% or less of your monthly income. If you have too much debt, it may not only strain you financially, it could prevent you from getting a loan altogether.


You Started A New Job


Lenders like income and job history to be consistent. If you are coming off a period of unemployment or have just started a new job, you could look like an unstable lender. Lenders typically like people who have been doing the same job for about two years or more. If the stability of your income looks uncertain, you may not just look bad to lenders, but you could put yourself at risk as well. 


Your Savings Is Depleted


You need more than just the down payment saved up to be in a good place to buy a home. There will be plenty of things that youíll need once you move into a new place including furniture to repairs to renting a moving truck. You should have some additional money on hand in case of an emergency as well. 


Buying a home is a huge financial commitment. You should be absolutely sure that youíre ready for the commitment before you dive in.





Posted by Jennifer Santosuosso on 10/5/2017

This Single-Family in Milford, MA recently sold for $319,900. This Raised Ranch,Split Entry style home was sold by Jennifer Santosuosso - Millennium Realty.


16 Dartmouth Drive, Milford, MA 01757

North Milford

Single-Family

$319,900
Price
$319,900
Sale Price

6
Rooms
3
Beds
2/1
Full/Half Baths
There's plenty of space for all in this oversized raised ranch which features central AC and a 2 car garage, plus it's in a great location in a popular North Milford neighborhood. The kitchen features white cabinets, stainless steel appliances, and is open to the sunny family room leading to the deck and backyard; living room and hallway offer lovely hardwood floors. All three bedrooms are on the main level, including one of which is 26' long with 3 closets! The master bedroom also has 3 closets, plus its own full bath. Downstairs you'll find a game/recreation room, a bonus room with a fireplace, and a half bath in the utility room. Put your cosmetic finishing touches on this spacious home to make it yours, and enjoy having great space in a great neighborhood. Updates include: HW heater (2017); Furnace & AC (2008); Windows (2004); Kitchen (2002); Vinyl siding (2001); Hallway Bath (1999). Close to high school, elementary schools, major routes & shopping. Quick closing possible.

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Categories: Sold Homes  


Posted by Jennifer Santosuosso on 10/2/2017

This Multi-Family in Milford, MA recently sold for $337,000. This style home was sold by Jennifer Santosuosso - Millennium Realty.


68 SOUTH BOW ST., Milford, MA 01757

Multi-Family

$325,000
Price
$337,000
Sale Price

2
Units
2,094
Approx. GLA
Stunning 2 family home completely remodeled in 2005. Unit #1 offers 2 floors of living space. Entertain in the incredible kitchen with center island, recessed lighting, gas stove, under cabinet lighting, and plenty of counter & cabinet space. Additional room off the kitchen functions as an office, playroom, sitting room or whatever you'd like. The large master bedroom can accommodate a king size bed and offers a walk-in cedar closet. Washer/dryer hookups are conveniently located on second floor. Storage space in the walk up attic. Enjoy summer days and nights while sitting outside on the farmer's porch or private side deck. Or, stay cool inside with the home's central air. Unit #2 offers a large bedroom with walk-in closet, spacious bathroom, washer/dryer hook-ups in unit, beautiful kitchen, and central air too. Close to Mass Pike and Rtes. 495, 16, and 140. Must see!

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Categories: Sold Homes