Lisa DeMaio Jeffrey Germagian Team - ERA Key Realty Services, The Bay State Group



Posted by Lisa DeMaio Jeffrey Germagian Team on 12/11/2017

After a long, challenging journey, you've managed to get your home ready to add to the real estate market. Now, you'll need to start thinking about your long-term plans, i.e. what you'll do after your home sells. For instance, what will you do with that massive tube TV that sits in your basement? This TV has served you well for years. At the same time, it requires at least two people to pick it up, and you'll need to move it up your stairs simply to get it out of your house. And if you decide to take your tube TV to your new residence, it may prove to be more trouble than it's worth. Fortunately, you have a lot of great options if you want to get rid of your TV before you relocate, including: 1. Sell It Websites like Craigslist make it easy to take photos of your TV, provide information about it and offer it to the highest bidder. Plus, these sites usually are hyper-local, ensuring you can find local buyers who can pick up your TV, remove it from your home and pay you for the TV. Of course, you'll want to make your TV as attractive as possible if you decide to sell it online. As such, be sure to include high-resolution images of your TV, along with up-to-date information about it in any online advertisement. Typically, you'll want to make it as easy as possible for buyers to find your TV in a crowded marketplace, so you should try to incorporate information about your TV's condition and age into your online advertisement as well. 2. Donate It to a Charitable Organization Depending on the size and condition of your TV, you may be able to find a charitable organization near your home that will pick it up and take it away from your home. Although you may not receive any money for your TV, you'll know that your TV is going to a worthy organization. Also, there is a chance that you could receive a tax deduction for your charitable donation. 3. Offer It to Friends or Family Members If you can't find an interested buyer or a charitable organization to accept your TV, you may be able to give it to a friend or family member. Your TV might be far from perfect, but if it is in working condition, a friend or family member may be able to use it in his or her home. In addition, you may want to consider offering the TV to your neighbors before you relocate. By doing so, a nearby neighbor may be able to stop by your residence, pick up the TV and wish you well on your upcoming move. Think about what you will do with your large tube TV before it's too late. The process of selling a home can go quickly, and you'll want to prepare as much as possible for an upcoming move. Therefore, dedicating time and resources now to determine how you can get rid of your tube TV may help you streamline your efforts to pack up your belongings and move to a new address after your house sells.




Categories: Selling Your Home   Recycling   disposal  


Posted by Lisa DeMaio Jeffrey Germagian Team on 12/4/2017

Adjustable rate mortgages are also known as ďARMĒ loans. These are home loans with monthly payments that move up and down along with interest rates and the market. Thereís different periods that occur throughout the time of the adjustable loan including an initial period where the rate is fixed for a certain amount of time. The rates will change along with preset intervals of change. 


Rates Start Lower Than Fixed Rate Mortgages


Interest rates during the fixed rate period of an adjustable mortgage are usually lower than that of fixed-rate mortgages. The most common type of adjustable rate mortgage is called the 5/1 ARM. This means that the rate is locked for a total of 5 years before it becomes truly adjustable. After the 5 years the rate will change every year. Other forms of ARM loans are the 3/1, the 7/1, and the 10/1.


Rate Indexes And Margins


Following the fixed-rate period, the interest rate adjusts with whatís titled the index interest rate. This rate is set by the market and is released periodically by an independent party. Since there are a variety of indexes, your loan will state which index your adjustable rate mortgage will follow. To set your exact rate, your lender will look at the index and then add a number of percentage points that has already been set in place. This is called the margin. For example, an index rate of 2.5 percent and a margin of 2 will equal an interest rate of 4.5 percent. As the index changes, this number will go up and down.


Adjustable Rate Mortgages Come With Caps


If you do decide to go with an adjustable rate mortgage, you should know that youíre protected from extreme rate increases. These loans come with caps that limit the amount that both rates and payments can change by. There are several different kinds of caps including:


Periodic Rate Cap

This limits the amount that an interest rate can change from one year to the next.


Lifetime Rate Cap

This type of cap limits how much the interest rate can change overall throughout the life of the loan. 


Payment Rate Cap

This limits how much the monthly payments can rise over the life of the loan in a dollar amount. This is different than other caps, since it denotes dollars instead of percentage points.


Is This Type Of Loan For You?

Adjustable rate mortgages can be good, depending on the state of the economy and your own financial situation. Stay educated and shop around in order to get the best rates available for you.





Posted by Lisa DeMaio Jeffrey Germagian Team on 11/27/2017

Selling your home presents many opportunities and challenges. On the one hand, home sellers have an opportunity to earn a profit if they can stir up substantial interest in their properties. Comparatively, selling a home can be difficult, particularly for property sellers who are working in a buyer's market.

Ultimately, the home selling experience should be memorable for all the right reasons, and we're here to help you get the most out of the property selling journey.

What does it take to enjoy an unforgettable home selling experience? Here are three tips to ensure you can do just that.

1. Conduct a Home Appraisal

You love your home, but you also understand that your residence is far from perfect. As such, a home seller should perform a property appraisal before adding his or her house to the real estate market.

During a home appraisal, a property expert will examine your residence and identify any problem areas. That way, you can uncover "hidden" problems with your residence and correct these issues as needed.

A home appraisal is exceedingly valuable, especially for home sellers who want to get the best price for a property. The appraisal may require only a few hours to complete and will provide you with comprehensive insights into your home's strengths and weaknesses.

2. Prep Your Home's Exterior and Interior

Your home only gets one chance to make a positive first impression on property buyers, so why not make the most of it?

With a dazzling home exterior, you can boost your home's chances of generating plenty of interest from property buyers.

Home exterior improvements often are simple to complete. In fact, quick, easy tasks like mowing the front lawn or removing dirt and debris from walkways can make a world of difference in the eyes of homebuyers.

Don't forget to clean your home's interior as well. Mopping the floors, wiping down countertops and performing other home interior maintenance may help your residence stand out to property buyers during home showings and open houses.

3. Collaborate with a Real Estate Agent

With a real estate agent at your side, you should have no trouble enjoying a terrific home selling journey.

A real estate agent is a housing market professional who understands what it takes to sell a residence. He or she can provide extensive insights into real estate market trends and ensure you can make informed home selling decisions.

Typically, a real estate agent will set up home showings, negotiate with homebuyers on your behalf and promote your residence. This housing market professional also will respond to your home selling concerns and queries. By doing so, a real estate agent can help you accelerate the home selling cycle and optimize the value of your residence.

When it comes to selling your home, hiring a real estate agent is a must. This real estate professional will go above and beyond the call of duty to streamline the home selling process and help you can get the best results possible.





Posted by Lisa DeMaio Jeffrey Germagian Team on 11/20/2017

You may keep a spare house key hidden somewhere around your home just in case you lose or forget your main set of keys. How does your hiding place measure up? Is it too obvious that anyone including thieves can find it? You can still have a spare key easily accessible to you without sacrificing the security of your home. 


Never sacrifice the safety of your home for convenience. If you fail to have an alarm system set as an added layer of security, you really could be in trouble if your spare key isnít well hidden. Burglars now have free and easy access to your home.  


The Most Obvious Places To Hide A Key


Under The Mat


Everyone (especially burglars) will look under the mat for a key to get into your home. If you see it in the movies, itís probably too obvious of a hiding place. 


The Flower Pot


This is a textbook area to hide a key in that can be easily accessed by intruders. Criminals know where to look, so you need to think ahead of them. 


Fake Rocks


If the rock doesnít blend in, itís not a good hiding spot! Many pre-fabricated hiding systems can be a bit obvious, so beware. 


On Your Person


Whether you put a spare key in a wallet or your purse, if that gets stolen, there goes your spare key. The perpetrator also has access to your home. Itís generally not a good practice to keep a spare key on your person. 


Good Places For A Spare Key


With A Trusted Neighbor


If the neighbor hides your key on their property, if a thief does find the key, they will assume the key goes to the neighborís house. This is a safe, convenient way to keep a spare key as long as the key is kept somewhere outside the home. You donít want to face a lockout only to find out that your neighbor isnít home.  


In Your Car


Surprisingly, most break-ins happen during the daytime when youíre not home. If you keep your spare key in your car, the key wonít be there while you arenít home.


Near The Dog


If a key is hidden near the place where the dog will be, youíll have little to worry about. Burglars really donít like dogs, mostly because dogs donít like them!  



Forget About Keys


Technology affords us one great option in the present day- keyless entry. If you are constantly forgetting your keys you should invest in a keyless lock system. These typically have codes that can be programmed. Just donít forget the code! 




Tags: home safety  
Categories: safety tips   Home Security  


Posted by Lisa DeMaio Jeffrey Germagian Team on 11/13/2017

When you make the decision to buy your first home, you should be certain that youíre ready to make the leap into homeownership. Thereís many different things that you should do as a buyer to get ready before you even set out on the search of a perfect home.


Choose An Agent


You may think that one real estate agent is the same as any real estate agent that youíll find. This is far from the truth. Some agents have certain specialties. The knowledge that an agent will bring to your house hunt is often invaluable. You are making one of the biggest purchases that youíll ever make in your lifetime. While many buyers think that they can simply do an online search themselves to find a home, your realtor will have many more resources to assist you in finding exactly what youíre looking for.


Figure Out The Financial Portion Of Buying A Home


While knowing how many bedrooms you need and where you hope to live is important, understanding your finances is even more important. Youíll need to talk to a lender to get the process started. After looking at your own personal budget, you should get pre-qualified. Getting pre-qualified allows you to see a general number of how much house you can afford. That can help you start the process, however, thereís still a few more steps. 


From here, you can do what needs to be done to get your entire financial picture ready to buy a home. This includes saving for a downpayment, improving your credit score, and continuing to keep up bill payments and consistent work history. 


Next, youíll want to get pre-approved. This allows your lender to dig into your financial picture. Everything from your credit score to your income and employment history will be considered. Your lender will then give you a more definitive number of how much youíll actually be able to get for a loan when you buy a home. To get pre-approved, be prepared with 1099 forms, pay stubs, tax returns, and bank statements. Youíll then have the concrete amount that youíre approved for along with the interest rate that you qualify for. 


Once You Have Applied For A Home Loan


Once you find the realtor to assist you and secure the home of your dreams, youíre not free to head out and buy all the furniture that you need to fill up your house. The home loan must go through the underwriting process and until that is complete, your finances are essentially on lockdown. If you start opening new credit cards, decide to buy a car, or fall behind on payments, you could end up in a lot of trouble. You want to keep your credit score stable throughout the process of buying a home for smooth sailing.