Austin Realty Group



Posted by Austin Realty Group on 8/20/2019

Refinancing your home can have many benefits. First, youíll be able to take out money to address immediate needs in your home like improvement projects. These things can only benefit your homeís value in the long term. Before you take the leap to refinance your home, you should be sure that youíre actually ready to take this step. Knowing what youíre in for allows the entire process to go more smoothly. Read on for tip to understand more about the refinancing process and what youíll need.


Know Your Finances


Just like when you initially purchase a home, refinancing your home will require you to have your finances in order. Take a look at your budget and needs and determine if it makes sense for you to refinance your home. For example, your employment status or distance from life goals like retirement could have a factor on the term of the loan youíre willing to take out. A 15-year mortgage may make more sense than a 30-year mortgage, but your monthly payments will also be a bit higher. You need to take all of this into consideration before you refinance. 


Your credit score will also be a factor in refinancing your home just as it was when you initially bought your house. Check your score and see if any red flags pop up. Getting these corrected earlier rather than later can help you to get a better rate on the loan. There are plenty of free services that exist online that allow you to check your credit score.   


Know The Value Of Your Home


If you know the value of your home and understand how much equity youíve built up in the house, it will give you a better idea of your refinancing options. You canít get more than 70% of what your home is currently worth as a cash-out refinance. If you owe more than your home is worth, you might be in a tighter financial situation than you realize. You can do plenty of things to increase the value of your home; it will just take some time. You may even consider selling your house, making a move, and starting from scratch. Financially, this could be the best option, and you could also end up with a better interest rate.


Getting your finances in order and the simple act of preparing for a home refinance could give you some insight into your financial picture after being a homeowner for some time.


Stay out of debt. Donít open new accounts. Pay down any debt you may have. That is the standard advice for people who are trying to get in good financial standing before buying a home or refinancing a home. 


Do some research and find the best home loan refinance rates around. Then, look into your own finances and decide whatís best for you regarding refinancing your home loan.      





Tags: Mortgage   refinancing  
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Posted by Austin Realty Group on 8/13/2019

Your first week in your new home is an exciting time. Itís also a very busy one. There is just so much to do to get everything in order and settled in! Some things are more important to get done this first week than others. On the other hand, there are tasks youíll be glad you completed your first week instead of putting them off.

Hereís your guide to your first week in your new home.

Start by opening new accounts for all of your utilities as soon as possible. These are the non-negotiables you simply canít live without. These utilities include things like:

  • Electricity

  • Gas

  • Water

  • Sewer

  • Trash

  • Internet, phone and cable/satellite

Youíll want to rekey all of the locks of your new home. You never know who has a key to the current locks. While you are having the locks rekeyed be sure to have extras made as well. Give backups to friends and family that you trust and consider getting a safe box for a spare key should you lock yourself out.  

Plan to deep clean before you begin unpacking and settling in. Wipe down walls, mop floors, dust every cranny and hire a carpet cleaner. If you plan on repainting do it while the rooms are still (mostly) empty. You will only have to move furniture once and it will be easier to clean up afterward.  

Refer to your inspector report for maintenance tasks. Plan them out by making necessary arrangements. Hire professionals, schedule out weekend projects and purchase necessary supplies. If this is your first house youíll want to purchase equipment to take care of your new yard. Especially items like a lawnmower, hose and gardening tools.

Change your address on important accounts such as bank accounts, credit cards, health insurance, memberships, subscriptions and workplace benefits. Hopefully, youíve already put in your change of address with the post office. However, this is only for a few months which is why itís important to make these changes now.

Locate all of your shut off valves in case of emergency. Know where the main shut off valves are as well as the minor ones. Familiarize yourself with your circuit breaker and make sure that it is appropriately labeled. Now is a great time to come up with an emergency plan and course of action for your family in case anything should happen.

The first week in a new home can feel very hectic. There is just so much to do in such a small amount of time! However, there are always tasks that need to take priority. Use this guide for your first week in your new home to get everything in order with the least amount of friction during the process.




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Posted by Austin Realty Group on 8/6/2019

Buying a home is a life-changing event. As such, the decision to purchase a residence should not be taken lightly.

For homebuyers, it is paramount to get as much help as possible so you can discover a terrific house at a price that matches your budget. With support from an expert real estate agent, you should have no trouble acquiring a residence that meets or surpasses your expectations.

But what does it take to find the right real estate agent to assist you during your search for the perfect home? Here are three tips that every homebuyer needs to know.

1. Ask Family Members and Friends for Guidance

If a family member or friend recently bought a home, he or she may be able to provide real estate agent recommendations. Family members and friends are trusted sources, and their real estate agent recommendations may help you speed up the process of finding your dream house.

Your neighbors also may be able to real estate agent suggestions. They should be able to provide details about what it was like to work with a particular real estate agent so you can plan accordingly.

Of course, you should still perform plenty of research into a real estate professional's background and expertise before you hire this individual. Be diligent during your search for a real estate agent, and you can employ a real estate professional who will go the extra mile to help you discover a great house.

2. Search the Web

A simple web search of a real estate agent's name may enable you to learn a lot about this individual. In fact, a web search often provides a great way to find out about local real estate agents quickly.

Although a web search may help you examine a variety of real estate agents in your city or town, it is essential to fully evaluate a real estate professional's credentials.

If possible, search for client feedback about a real estate agent. This may help you determine whether to move forward with a particular real estate agent or shy away from this housing market professional altogether.

3. Meet Directly with Several Real Estate Agents

When it comes to finding the right real estate agent, nothing beats a one-on-one meeting.

Set up meetings with several local real estate agents. By doing so, you can get a better idea about whether a real estate agent can help you accomplish your homebuying goals.

It often helps to make a list of questions to ask a real estate agent before you meet with him or her. That way, you can gain the insights you need to make an informed decision.

If you feel comfortable with a real estate agent after a face-to-face meeting, don't hesitate to hire this professional. Remember, the sooner you start working with an expert real estate agent, the sooner you may be able to purchase your dream house.

Use these tips, and you can hire a first-rate real estate agent to guide you along the homebuying journey.




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Posted by Austin Realty Group on 7/30/2019

In the real estate market, the value of your home depends on several other factors, other than the price you paid for it. For one, the price buyers are willing to pay for it at any particular time may depend on prevailing economic conditions, mortgage rates, the season of the year and a host of other things affect the value of your house.

  1. The price of other homes in the neighborhood is way lower than yours. Buyers usually know what the general sale price of houses in a location is, and when they notice yours is way over that, they get the impression that you are unreasonable and might not even bother to see the property. Real estate agents often go through a comprehensive process before advising clients on an appropriate price range so don't unduly pressure your agent into raising his estimate.
  2. You haven't had many showings or offers made since the listing. If you havenít received any offers after about 3 or 4 months and no prospective buyers have come to view the property, there might be a couple of reasons responsible. Ask yourself if your agent is trying his best to promote your listing and if other houses in your neighborhood are moving. If both answers are yes, then it might be a likely fact that your home is overpriced.
  3. Other similar houses in the community are selling, and yours is not. There are different reasons why this may be so, are those houses newer, larger or have better features? And sometimes the reason theirs is selling, and yours is not is because it is overpriced.
  4. Expired listings. Real estate agents often state the listing period on the listing agreement, and if this period expires without being sold, you might want to review your price downwards as it might be an indicator that your house is priced too high. It doesn't mean there are no buyers; it just means the buyers who came were not willing to offer that much.

It's critical that you ask for feedback from your agent as to why your house did not sell. That gives you the opportunity to correct things that certain buyers didn't like.





Posted by Austin Realty Group on 7/25/2019

Extremely well maintained 3 Family home on a rare 8,400 Sq. Ft. Lot w/ off Street Parking & Gorg, prof. landscaped Lot w/ Sprinkler System & Gazebo in a highly desirable neighborhood! Perfect for investor or owner occupied buyer given it's close proximity to routes 93,16 or 60, short commute to Boston, Cambridge's Kendall Square 4.7 Miles , Station landing 1.7 Miles, Wellington Station & Assembly Row 2.2 Miles & Encore 3.3 Miles. The many features of this amazing property in the 1st Flr. Owners unit was a complete Reno in 1997/1998, w/ soaring 9' ceilings w/crown molding, Maple Kitchen w/ breakfast bar, recessed lighting, Gleaming hdwd Flrs through out. The 2nd and 3rd Flrs. offer 6 Rooms, 2/3 bdrms & tile baths, both units have been recently updated, fresh paint & the hardwood floors throughout have been refinished, both Units have W/D hookups, scrnd porches on the front and decks off the back. The addnl. updates include, Rubber Roof, Separate 100 Amp C.B., Windows, Siding, Furnaces.

More Info on this Property | New Listing Alerts




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