Dino Rossi
New England Preferred Properties | 617-969-0676 | dino@realestateman.com


Posted by Dino Rossi on 10/22/2017

Whether youíre buying or selling a home, one of the most important parts of the process is the negotiation phase. This means different things whether youíre buying or selling a home. When youíre selling a home, youíre usually looking to get the most money for your home that you possibly can. If youíre buying a home, you want the lowest possible price for the home. Hence, the reason for real estate negotiations. Buyers and sellers must meet somewhere in the middle. For your consideration, weíll break down some of the most important aspects of the real estate negotiation process. The Cost Means Different Things As we stated above, buyers want the lowest price, while sellers want the highest price possible for a home. Whatever side youíre on, expect to meet somewhere in the middle. The price of the home has to make sense for both sides. The seller wants the sale of their home to make sense financially and the buyer wants to home to fit into their budget while getting the things they desire out of the home. The Financing Process Is Complicated If you have your mortgage fully approved prior to making an offer, youíll be able to shorten the closing time of the home. The reason for this is that the preapproval shows that all of the buyerís finances are in order and there will be no financial problems in the transaction. Sellers often prefer these buyers since they can be trusted to close properly and there wonít any issues with the real estate transaction. The property also wonít be on hold for months on end. The Date Of Closing Matters If sellers need to get their home off of the market fast, they can negotiate when the closing date will be. As a buyer, this matters because the next monthís mortgage payment is skipped once you close on a house. The closing date affects when exactly this payment doesnít need to be made, which can have a positive effect on your finances when itís timed right. Closing Costs Are Actually Paid Upfront Escrow is when the mortgage company holds the money for taxes and insurance, which is the prepaid closing costs. Buyers sometimes ask sellers to pay a portion of the closing costs. This could be a flat fee or up to 3 percent of the included mortgage. This could all have an effect on the asking price for the home. Just Like A Car, Homes Can Come With Warranties Buyers can ask for a warranty on the home, or the seller can offer one. This warranty typically covers the homeís appliances and utility systems. This provides a protection if things like the air conditioning or the dishwasher break after a certain period of time and need repair. This may make the home extra enticing to buyers and give sellers an advantage to get their home off the market quickly.





Posted by Dino Rossi on 9/3/2017

Neighborhood changes lead the list of reasons why people sell their house. Changes to your neighborhood come in the form of new residents, businesses constructing more buildings near where you live and rising property taxes. School closings and openings, highways going up minutes from your home and harsher weather conditions also cause neighborhoods to change.

Fall in love with your community all over again

You could move every time a major change happens upon your community. That's an expensive way to deal with or try to avoid change. You could also find at least five things to love about your community. That starts by learning more about your neighborhood.

As much as you think you know your community, there is a lot that you're missing. Three day trips is all it takes to stumble upon historic landmarks, restaurants,parks and entertainment venues that you hadn't seen before. Getting out and exploring your community is just one way that you can learn to love wherever you live. To gain a greater appreciation for your community:

Attend one community social event a quarter. You might have to attend events on the outskirts of the community you live in.But, get out and enjoy festivals, cultural events, outdoor concerts, fashion shows, arts shows and local sporting events.

Join local networking groups. Don't wait until you're looking for a job to join local networks. Examples of network groups are book clubs, hiking clubs, movie review clubs and science clubs. You can find networking groups in newspapers, local magazines, online and at libraries and bookstores.

Volunteer with local organizations. Join mentoring, coaching and other charitable organizations. Become actively involved in these organizations. Don't just sign up. Attend meetings and get to know other volunteers.

Research the history of your community.Visit the local library and ask the reference librarian to tell you about lectures and seminars that are held at the library to educate residents about the neighborhoods they live in. Search reference books at the library, taking in pictures, maps and historic facts. See how your community has changed since it was founded. Get tidbits on early residents. Become curious about your community instead of thinking that there's absolutely nothing more that you can earn about the place you call "home".

Make new friends. While attending volunteer, networking and other local events, introduce yourself. Be safe. You don't have to tell people where you live. But, you can start talking with people. This includes speaking with your neighbors when you see them.

A strong community doesn't come together magically. It takes dedication, commitment and the desire to connect with other people. Steps that you take to love your community could introduce you to new people, business opportunities and local events and festivals that you've been missing. These steps could also introduce you to opportunities to get involved in local public policies and social offerings,two things that influence whether or not a community thrives.




Categories: Uncategorized  


Posted by Dino Rossi on 8/27/2017

If youíre thinking about buying your first home, itís good to be close to a city that has all of the amenities and characteristics that you want out of life. However, recent economic growth and an increasing wealth divide has made some cities and their suburbs expensive and overcrowded.

Fortunately, there are several cities and metropolitan areas across the U.S. that are currently experiencing both job growth and a cultural rejuvenation. In this article, weíll cover the top 10 up and coming cities to move to.

 1. Colorado Springs, CO

An hour drive from Denver and two hours to the mountains, Colorado Springs is a rising alternative to the Denver Metropolitan area. It is home to several high ranking colleges and the unemployment rate is low. Best of all, Colorado Springs is a highly affordable place to live.

2. Portland, ME

Portland is a small coastal city but is packed with restaurants and the arts. Itís proximity to the ocean and affordability make Portland a great place to move to. Thereís also a thriving do-it-yourself scene, an emphasis on green living and repurposing old infrastructure.

3. Indianapolis, IN

Indianapolis combines affordable living with in-demand amenities like shopping, professional sports teams, and highly sought colleges. Itís also home to the biggest sporting event in the country, the Indianapolis 500 auto race.

4. Nashville, TN

Nashville and its surrounding suburbs are experiencing growth and demand for their rich musical culture and history as well as their affordability and short commute times. Residents of Nashville often rank it as being a great place to live, and if you trust anyone it should be the people who are there 365 days a year.

5. Grand Rapids, MI

Grand Rapids has the industry and infrastructure of a large metropolitan area but maintains the affable nature of a small, midwestern town. Grand Rapids is known for its large public waterway on the Grand River as well as its close proximity to Lake Michigan.

6. Houston, TX

Just an hourís drive to great beaches on the Gulf of Mexico, Houston boasts a beautiful skyline and a rich cultural heritage, especially when it comes to food. Houston is also the home to several national companies and homes in the area are relatively affordable since Houston wasnít largely affected by the housing crisis.

7. Raleigh, NC

The Raleigh metropolitan area is home to several competitive research universities and the population is booming with nearly 80 people migrating to Raleigh each day. Affordable housing and a stable but increasing job market make the Raleigh metropolitan area a highly desirable place to live.

8. San Jose, CA

Silicon Valley shows no signs of slowing as major companies like Google, Apple, and Facebook, continue to expand. One problem residents of the area will face is growing real estate prices and a shortage of housing, but living in both a technological and a natural paradise might be worth it for the right people.

9. Sarasota, FL

Beautiful beaches and year-round warm weather attract retirees to Florida each year. But Sarasota also offers a large and growing job market in healthcare, tourism, and hospitality.

10. Salt Lake City, UT

Salt Lake City is within driving distance of several national parks, holds close proximity to mountains, and is nearby Utahís Great Salt Lake, the largest salt lake in the Western Hemisphere. Salt Lake City has a growing job market, a low unemployment rate (2.8%), and low average commute times.




Tags: Real estate   moving   cities  
Categories: Uncategorized  


Posted by Dino Rossi on 7/9/2017

Do you dream about owning your own house? Has the idea of living in a property that adds to your personal equity started to appeal to you? If so, you're in good company. Each year, millions of Americans buy a house. Many of these homes are purchased with a home loan.

How you could get the right home loan

To protect themselves against loan defaults, lenders prefer to work with borrowers who have a history of being financially responsible. Doing so helps more than lenders.It can keep an entire economy from contracting, similar to the debacle that happened to cause the Great Recession.

Knowing what lenders look for in borrowers can help you to secure a home loan. To begin,your credit history is going to get reviewed while you're trying to secure a home loan. The amount of debt that you have and your history of making minimum or higher payments on these debts is going to be reviewed.

Your income, including income from second jobs that you work, and your spouse's income will also get looked into. Landing a higher paying job helps when it comes to securing a home loan. But, don't just increase your income.

Take advantage of military home loans if you served the country as a service member.If you work for a bank, you could get lower interest rates. Check with your employer to see how much you could save. If you don't work for a bank, consider securing a home loan through your current bank.

Opt for lower monthly mortgage payments

It could improve your chances of getting approved for a mortgage. It could also help you to save on interest payments. In addition to choosing a mortgage that has a lower interest rate, to secure a home loan:

Go after home loans that require lower monthly mortgage payments. Lower interest rates and military home loans are just two ways to achieve this. Applying for a home loan when the economy is recovering is another path to lower monthly mortgage payments. After feds start raising interest rates and the economy becomes stronger, mortgages generally rise.

Pay off as much debt as possible before you apply for a home loan. For example, you could pay off your auto loans and furniture. You can also pay off personal loans that you took out before you apply for a  mortgage.

Increase your liquidity. You can do this by investing more in stocks, cash savings and bonds. The value of your current home can also improve your liquidity. The value of a business that you own is another way to improve liquidity.

Get financial statements together to present to a lender. Items to get include income tax returns, pay stubs, investment account statements and business income, if you own a business. This includes an at home business. Also, get exiting loans and other debts together to present to lenders. The amount and type of debt may be sufficient, depending on the lender that you work with.




Tags: Real estate   home loan  
Categories: Uncategorized  


Posted by Dino Rossi on 6/29/2017

This Multi-Family in Newton, MA recently sold for $733,000. This style home was sold by Dino Rossi - New England Preferred Properties.


4 Bryon Rd, Newton, MA 02467

Multi-Family

$630,000
Price
$733,000
Sale Price

2
Units
2,670
Approx. GLA
Nice 2 family Chestnut Hill area, 2-3 Bedroom first floor, 3 bdrm 2nd floor, need attention, sold as is where is.Won't last, Not finance able without utilities on, buyers is responsible to have them turn on.






Tags: Real estate   Newton   Multi-Family   02467  
Categories: Sold Homes