Posted by Liberty Real Estate on 5/5/2021

Selling a home is a big decision with far-flung ramifications. If you're on the fence about selling your house, there is no need to wait. In fact, there are many reasons why now may be the right time to list your residence, and these include:

1. You can upgrade or downgrade.

Although your current home has served you well for many years, now may be a good time for a change. Fortunately, you can sell your residence and move into a bigger or smaller home that will suit you perfectly.

It often won't take long to transition from one home to another. In many instances, individuals simultaneously sell their current house and search for a new home. This generally enables an individual to seamlessly relocate from his or her current house to a bigger or smaller residence.

2. You can move closer to family members and friends.

If you find your current home is far away from family members and friends, don't stress. For those who sell a home, it may be only a matter of time before you can enjoy convenient access to loved ones.

By selling your current home, you can explore houses in cities and towns where your loved ones reside. Then, if you purchase a house close to family members and friends, you can visit these loved ones without having to worry about a long commute.

3. You can receive plenty of support throughout the home selling journey.

Listing a home may seem virtually impossible, particularly for someone who previously has never embarked on the property selling journey. Lucky for you, help is available to ensure you can quickly and effortlessly sell your home and maximize its value.

Working with a real estate agent typically is a good idea for first-time and experienced home sellers alike. With a real estate agent at your side, you can get the assistance you need to achieve your property selling goals.

A real estate agent understands the assorted pitfalls that a home seller may encounter. As such, he or she works with a home seller to help this individual address potential problems before they escalate. A real estate agent will collaborate with a property seller to craft a house selling strategy. Next, a real estate agent will put this plan into action and do everything possible to promote a house to prospective buyers. And if a seller receives an offer to purchase, a real estate agent will help this individual review his or her options and determine how to proceed.

In addition, a real estate agent provides a housing market resource unlike any other. He or she is available to respond to a seller's concerns and questions. Plus, a real estate agent is happy to provide home selling recommendations.

Take the guesswork out of selling your home – hire a real estate agent, and you can receive extensive support as you navigate the property selling journey.




Categories: Uncategorized  


Posted by Liberty Real Estate on 4/30/2021

This Single-Family in Templeton, MA recently sold for $372,500. This Colonial style home was sold by - Liberty Real Estate.


17 Lafayette Rd, Templeton, MA 01468

Single-Family

$336,900
Price
$372,500
Sale Price

6
Rooms
3
Beds
2/1
Full/Half Baths
OFFERS DUE Tuesday, March 9th by 5pm- Young Colonial situated on 1 acre of land located in small cul de sac. Open concept first floor layout perfect for entertaining! Kitchen features granite counter tops, stainless steel appliances to include a wine refrigerator, & engineered hardwood flooring that flows into living room area. Half bathroom finishes off the first floor. Good sized Master Bedroom with private bathroom and walk in closet, two more bedrooms and another full bathroom complete second floor. COMPLETELY FINISHED BASEMENT Bonus Room/Play Room, custom built ins throughout, electric fireplace, laundry area, & storage closets. Large back composite deck boasting hot tub! Privacy fence on one side and storage shed in back yard!

Similar Properties





Categories: Sold Homes  


Posted by Liberty Real Estate on 4/28/2021

Image by Ricarda Mölck from Pixabay

If you've heard people talk about "subject-to" real estate, you might be curious what that means and if it would be a good investment for you. Briefly, "subject-to" real estate means you're buying the property but the loan on that property stays in the name of the existing seller. You're making your purchase "subject-to" the existing mortgage or lien.

Why Would Someone Buy Real Estate This Way?

When you buy a "subject-to" property, you don't have to get a mortgage in your own name. That can be perfect for people who don't want to tie up their credit or funds. It also works well for those who might not be able to qualify for an existing mortgage. Since you're not putting your name on anything that involves the mortgage, you're free and clear from that standpoint. But you'll own the house, and you'll make the mortgage payments.

Is This a Good Wealth-Building Tool?

This can be a great tool to build wealth when it's used correctly. It's very important that you continue making the seller's mortgage payments on time, and that you get everything in writing. But since you don't have to qualify for a mortgage yourself, you can choose great properties that people really want to sell. Often, this is because the owner is in foreclosure. By buying the property "subject-to", the owner doesn't have to go through foreclosure proceedings and have that on their credit report.

How Much Risk is Involved in This?

As with any type of investment, there is always risk. The biggest concern is that the seller of the property will file for bankruptcy. When that happens, the house could be included in that filing and would be foreclosed upon by the lender. You could lose your investment, since you aren't the one who has the property's mortgage in your name. Another risk is the due-on-sale clause in the seller's mortgage. Almost all mortgages have these, but they're often not enforced. Still, if the lender wanted to enforce that clause, they could demand that the entire mortgage be paid if the deed transfers into your name.

How Many "Subject-to" Properties Can Someone Own?

Theoretically, there's no limit to the number of "subject-to" properties that you could own. As long as you can make the payments, you can keep buying these properties. You don't need any credit to get started, and you won't really need much cash, either. You'll simply have to be willing to take a little bit of risk to build up your real estate portfolio. With that in mind, though, it's not a bad idea to have an attorney help you, at least right at first, to be sure you're protecting yourself and the seller as much as possible.




Categories: Uncategorized  


Posted by Liberty Real Estate on 4/23/2021

This Single-Family in Athol, MA recently sold for $220,000. This Colonial style home was sold by - Liberty Real Estate.


434 Pequoig Ave, Athol, MA 01331

Single-Family

$199,900
Price
$220,000
Sale Price

10
Rooms
3
Beds
2
Baths
Offer deadline 3/14/21, 5pm. This large home, once a 2 family, updated & transitioned to single family use leaving you with so many options! Flexible floor plan has a spacious kitchen with pantry, a bedrm, dining rm, family rm & living rm on the 1st level & 2 bedrms, a large playrm with sink (previously a kitchen) & an office on the 2nd level. Bathrms on both floors. If this doesn't give you enough space, the walk up attic is sure to please! Home was lovingly updated to include replacing rear roof, porch re-supported & re-roofed, retaining wall installed, trees removed, closet added, electrical updates, water heater serviced & more. Home sits within easy walking distance to silver lake park & lake park playground. All appliances to convey including recently purchased washer & dryer. Home has central air & central vac. Current owners are being relocated for work allowing you the opportunity to put the finishing touches on to make it your own

Similar Properties





Tags: Real Estate   Single-Family   01331   Athol  
Categories: Sold Homes  


Posted by Liberty Real Estate on 4/21/2021

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