Posted by Jennifer Santosuosso on 12/17/2017

Thereís few things in life that are more exciting than closing on your first house. All of the money that you saved and the paperwork that you have filled out has finally come together so that you can now say youíre a proud homeowner. 


Before you start planning your housewarming party, thereís a few things that you need to do with your new home and its contents.


Copy The Closing Paperwork


Undoubtedly, there were dozens of pieces of paper that were handed to you during the closing on your new home. You should have an extra copy of everything that was signed. While the local registrar of deeds probably has a copy of everything filed there as well, itís always a good idea to have extra copies of these papers.


Lock The Doors With New Keys


Youíll need to change the locks when you move into a new home as soon as possible. Many different people had the keys to the home while it was still on the market. Also, before the home was even put up for sale, family members could have passed sets of keys amongst family and friends. The lock category also includes securing sliding doors, electrical boxes, and windows accordingly. 


Put Your Name On It


Youíll need to place your name on a variety of things including your mailbox, the trashcans, the buzzer, and anything else that is property of you and your new home. If it wonít pose a privacy issue for you, itís better to claim whatís rightfully yours early on to ease confusion. 



Put Up Curtains Or Cover The Windows


Thereís probably 1,000 other things that you would rather do when you move into a new home than put up some curtains. Yet, this is so important to your privacy. Without curtains or window treatments, all of your home and its contents are exposed for the outside world to see. Until you have a chance to settle in, you can even use boxes or towels to cover the windows. This is used initially for a security measure to deter thieves and nosy neighbors.


Meet The New Neighbors


ItĎs a good idea to know who is living around you. For one, youíll be aware of any suspicious activity thatís happening in case you see strange people hanging around the area. Itís good to know who you live next to and what you might have in common with them. At the very least, youíll have a new friend. They might even water your plants while youíre away on your next vacation. 


Donít forget to change your addresses as well. Thatís always one of the biggest hassles about moving. Take the right measures for safety and comfort when you move into your new home for a smooth transition




Categories: Uncategorized  


Posted by Jennifer Santosuosso on 12/10/2017

If you plan to sell your house in the foreseeable future, it usually pays to clean out the garage. In fact, a home seller who declutters the garage today can show homebuyers the true size and beauty of this space, thereby increasing a house's overall appeal.

Ultimately, it won't take long for a home seller to declutter the garage Ė here are three tips to help you remove clutter from your garage before you list your residence.

1. Identify Excess Items

Old automotive parts, tools and other excess items can take up lots of space in your garage. However, a homeowner who dedicates the necessary time and resources to identify garage clutter can plan accordingly.

Separate must-keep garage items from excess items. Then, you can determine exactly how much space that you'll need to store the items that you want to keep.

For many homeowners, storage cabinets and shelving units make it easy to keep track of items in a garage. Or, if you need extra space to store garage items, you may want to consider renting a storage unit until you finalize your home sale.

2. Sell, Donate or Dispose of Excess Items

When it comes to excess garage items, there is no need to delay the inevitable. If you sell, donate or dispose of garage clutter, you can quickly eliminate excess items from your garage.

Selling your excess garage items online or hosting a yard sale may prove to be worthwhile. In both instances, you can generate interest in assorted garage items and earn extra cash at the same time.

In addition, you may be able to donate excess garage items to local charities. If you reach out to local charities and learn about their donation policies, you can find out which charities will accept your excess garage items and schedule donation pick-ups.

On the other hand, if you find garage items that are broken or damaged, dispose of these items. That way, you can free up space in your garage immediately.

3. Conduct In-Depth Garage Cleaning

After you remove garage clutter, it is important to spend some time cleaning your garage from top to bottom. This will enable you to transform an ordinary garage into a spectacular one.

If you need extra help with garage cleaning, don't hesitate to contact a professional home cleaning company. This business likely employs friendly, diligent cleaning experts who can help you accelerate the garage cleaning process.

Lastly, if you're searching for the best ways to improve your home before you list it, you may want to hire a real estate agent.

A real estate agent can offer honest, unbiased garage cleaning recommendations and suggestions. Plus, this housing market professional will set up home showings, keep you up to date about offers on your residence and ensure you can enjoy a fast, seamless home selling experience.

Want to sell your residence soon? Use the aforementioned tips, and you can bolster your garage's appearance in no time at all.




Categories: Uncategorized  


Posted by Jennifer Santosuosso on 12/6/2017

This Single-Family in Burrillville, RI recently sold for $384,900. This Ranch style home was sold by Jennifer Santosuosso - Millennium Realty.


355 Buxton ST, Burrillville RI, 02830

Single-Family

$384,900
Price
$384,900
Sale Price

3
Beds Total
6
Numberof Rooms
2
Baths
Secluded 3 bedroom ranch in convenient location. Enjoy your own private sanctuary. This beautiful, tranquil property has been meticulously maintained, complete with your own waterfalls. Great house for entertaining year round, too. Recently updated throughout, you'll love this gorgeous kitchen! Three season room, decks, in ground pool, plus the over-sized two car garage, it checks all the boxes! Potential in-law in lower level.

Similar Properties





Categories: Sold Homes  


Posted by Jennifer Santosuosso on 12/3/2017

As a first-time home seller, it can be tough to establish a competitive price for your residence. And if you set a price that is too high or too low, you risk alienating potential homebuyers or missing out on an opportunity to maximize the value of your house.

Ultimately, there's a lot to think about as you determine the price for your residence. Lucky for you, we're here to help you take the guesswork out of pricing your home, regardless of the current housing market's conditions.

Let's take a look at three tips to help first-time home sellers set a competitive price for a residence.

1. Study the Real Estate Market

How does your residence stack up against similar houses that are currently available in your city or town? Study the real estate market, and you can find out how your residence compares to the competition.

Evaluate the prices of currently available houses in your city or town. With this housing market data in hand, you can learn how your home ranks against the competition and establish a price range for houses that are similar to your own.

Also, examine the prices of recently sold houses in your area. By doing so, you can find out whether you're about to enter a seller's market or a buyer's market and map out your home selling journey accordingly.

2. Perform a Home Appraisal

A home appraisal can make a world of difference, particularly for a first-time home seller who is uncertain about how to upgrade a residence.

During a home appraisal, a property inspector will examine a home's interior and exterior. After the appraisal is finished, this inspector will provide a home seller with a report that outlines his or her findings.

Take the results of a home appraisal seriously Ė you'll be glad you did. The appraisal enables a home seller to learn about a home's strengths and weaknesses, and as a result, discover the best ways to transform assorted weaknesses into strengths. Then, a home seller can perform myriad home upgrades and may be better equipped than ever before to optimize the value of a house.

3. Consult with a Real Estate Agent

A real estate agent analyzes housing market patterns and trends closely and is happy to share home selling insights at any time. Thus, this housing market professional can help a home seller establish a competitive price for a home from the get-go.

Moreover, a real estate agent will promote a home to the right groups of homebuyers and work with a home seller at each stage of the property selling journey. He or she will even negotiate with homebuyers on a seller's behalf to increase the likelihood that a seller can get the best price for a residence.

When it comes to selling a home for the first time, there is no need to leave anything to chance. Use the aforementioned tips, and a first-time home seller can set a competitive price for a house and increase his or her chances of a quick home sale.




Categories: Uncategorized  


Posted by Jennifer Santosuosso on 11/26/2017

You may have heard of private mortgage insurance, also known as PMI, but youíre probably not sure what exactly it is. If your down payment is less than 20% of the purchase price of the home, then youíll need to pay for this additional insurance in order to secure a loan for the home. This type of policy protects the lender if you end up in a foreclosure situation. This way, the lender is assured that they will not lose money. 


Private mortgage insurance is also required if you refinance your home when it has accrued to less than 20% equity. Again, this protects the lender from losing money if the loan is defaulted on. 


Fees


The fees involved with private mortgage insurance can range based on a few factors including the actual size of the down payment and your credit score. You can expect the cost of the insurance to be somewhere between 0.3% and 1.5% of the loan amount per year. The PMI premiums are tax deductible some years and other years they are not. It really all depends upon the state of the government and what they have enacted for the particular fiscal year. Private mortgage insurance premiums can be paid either monthly or with a large payment upfront, although most policies will require the borrower to pay on a monthly basis.    


This Insurance Can Be Canceled


The lender will automatically cancel your PMI once the loan drops down to 78% of the homeís value. For this reason, youíll want to keep track of your payments in order to see how far away you are from shedding this monthly fee. When your loan is paid down to 80% of the homeís original value, you have the right to ask your lender to discontinue to insurance premium payments.


What Is The Loan-To-Value Ratio?


This ratio is the amount of mortgage debt in the form a percentage based on how much the home is worth. Itís calculated by the following formula:


Amount owed on the mortgage/Appraised value


This is an important factor when it comes to matters of PMI insurance, as itís how the required loan payment percentages are calculated. If a home is worth $100,000 and $80,000 is still owed on the home, the loan-to-value ratio is 80 percent. This means the borrower can request the insurance be cancelled.      


FHA Loans Have Different Requirements


If you secure an FHA loan, they require the payment of PMI premiums for the entire life of the loan. You canít exactly cancel these insurance payments but you can refinance the loan in order get rid of the insurance. This means that you will no longer have an FHA loan.           


Private mortgage insurance can be a nuisance, however as a first-time homebuyer with little capital, the fees may be worth it when youíre able to secure your first home.




Tags: Mortgage   pmi   what is pmi  
Categories: Uncategorized