Spending More to Save Money when Purchasing a Home

Spending More to Save Money when Purchasing a Home

I want to first say, loud and clear that I am NOT advocating for spending beyond ones means.   Rather, the thought comes by knowing that people will look at bargained price property without thinking long term at the costs of dollars and time that it will take to make the home "liveable" for you.

If at the end of the day, the bargain costs you capital and time,  you could buy a slightly higher priced home and at the current rates, it could save you cash in the long term.   It could definitely save you headache.   

This thought comes from the voice of experience, not just in selling homes, but a personal observation as well.  
"Don't you just love a bargain!"   As I write, I can hear that Christmas Tree Shop jingle in my head.   I can so relate.  I love to get a bargain.      Obviously, others do too.   That's what makes the jingle and it's store so it is widely popular.

Real Estate is NO different.   Everyone dreams of the "deal".   

I grew up in a family of do it yourself folks and contractors.   It has always been easy for me to look beyond an imperfection, seeing the way it will be transformed with a little work.   The other thing I do know is that, a "little" work most times means a lot money.    At the very least it will cost time, and in many cases lots of it.  

How Spending More Can Save You Money.   

Before getting out there to look at that home, you need to be prequalified.   That's not news to anyone these days.    The lender will look strictly at numbers and make an educated and strategic assumption based on those numbers.   They will let you know what your purchasing power is.   What you can spend up to.    I am not a fan of spending the most you can, but staying with in your means and understanding your own personal lifestyle is always the best bet.      When a buyer wants to focus on a price range under what the bank says they are good to go for, I am all over that. 

There are some considerations.

When faced with a choice of two homes, one priced for less because it needs more work, should you go for the lower priced home and plan to put those upgrades in?    We are talking about major updates here.  Unless one has the capital saved already, it can cost more to save and contract those updates/repairs later on, especially considering current home loan rates.

How to weigh the decision?

• Be Serious.    I watch a lot of those home improvement shows.   You know,  the ones where they transform a room with just a couple of thousands of dollars.    What they don't give you in the transformation cost is the labor involved.    If you must get someone else to complete the job, then factor those costs in!    
• Do It Yourself vs. Contractor.    My brother says this best.   Yea, he can put a roof on.    But he's not a roofer.  It will take him longer than a professional in that field.  In that time that he takes to figure it out, he can work at his own job and make more money doing what he does best, leaving the repair to the pro.     There is something to be said for that.   

From Experience.   My First Home.    Needed everything.    Of course the family came through with all the essentials, getting those up to speed, but the cosmetic upgrades, kitchen etc..  well, that was on me.    It took me a long time to save the cash for a remodel.   I figured out over the years that it took me to save, if I had only spent a little more, right out of the gate,  I would have had what I wanted sooner.   I would have been happier sooner.     Now I am wiser.

Again, Spend according to your lifestyle,

but, remember that a bargain is not always a bargain!

 

 

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About the author

Carol-Ann Palmieri is a full time Real Estate professional in Massachusetts for the past 25 years along with her partner Al Mussi have helped literally hundreds of families find, sell or purchase new places to live.

 A former US Marine, she grew up in Walpole, MA...  is committed to the serving the community through various volunteer opportunities.   She attended MA Bay Community and Suffolk University and is committed to constantly updating her Real Estate education.

Al and Cal Licensed in MA and RI...

 Al and Cal's primary areas of service Franklin, Bellingham, Medway, Millis, Medfield, Norfolk, Wrentham, Plainville, Blackstone, Walpole, Milford, Holliston, Hopkinton, Mansfield, and Foxboro, North Attleboro, Norwood, Hopedale, Mendon, Millville but have resourses to help anyone, anywhere....
  
Their mission....  To exceed your expectations!

Carol-Ann Palmieri

Al and Cal Realty Group
Remax Executive Realty

www.AlandCal.com

Cal@AlandCal.com

508-494-9061

    

So Many Great Blogs So Little Time

So Many Great Blogs So Little Time

Since joining the ranks of many in the social media sphere, I have been addicted to reading, learning, writing and commenting on the many great blogs.   I have learned a lot!    It has helped me to grow and  stay up with the trends of today.   Growing is an important part of business. 

As my journey into  social medias lengthens and lingers, the time it takes to read, write and comment on blogs takes longer and longer.   I find myself waking earlier to read the folks I follow and to catch a few more posts that come up during the day.

I'll admit I have always had somewhat of an issue with time management, putting the fun things and sometimes family things aside to get what I need to get in for work. 

It's not a nine to five kind of job and it will never be.   Things are ever changing.   Those are two of the things that we love about this business.     But as business gets better, the work day gets longer.  

We get up before the sun, we eat in our cars, and sometimes dinner isn't served until after nine.    Have you ever seen a really thin successful Realtor?   Okay!!!!   I KNOW that's an excuse.

Time management.    The need/ability  to block off the time.  But when someone needs to see something, in this market, or wants to make an offer, or put their house up, can I really say, oops... not now.   Got to go to the gym?     Not really.    In this market, the early bird can catch the worm.  I would hate for a client to miss out on their dream home, because I had to get a mani/pedi ...or, more likely, my kayak was calling and wouldn't be available for them. 

So, appointments get shifted and the fun stuff usually takes a beating.    Blogging and reading posts is a "fun" part of business to me.    It makes sense that this part is one of the things that get's pushed aside more easily. 

I made a vow to myself last week, not to let this happen.    So, I set my clock for a bit earlier.    My eyes are a bit more tired as I try to keep abreast of what is happening, escaping into my thoughts and ideas that sitting in front of the computer brings.  Reading what co workers from afar have to say, bringing yes, bringing even more thoughts and ideas into an already overloaded early morning mind.  

The day begins.   

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About the author

Carol-Ann Palmieri is a full time Real Estate professional in Massachusetts for the past 25 years along with her partner Al Mussi have helped literally hundreds of families find, sell or purchase new places to live.

 A former US Marine, she grew up in Walpole, MA...  is committed to the serving the community through various volunteer opportunities.   She attended MA Bay Community and Suffolk University and is committed to constantly updating her Real Estate education.

Al and Cal Licensed in MA and RI...

 Al and Cal's primary areas of service Franklin, Bellingham, Medway, Millis, Medfield, Norfolk, Wrentham, Plainville, Blackstone, Walpole, Milford, Holliston, Hopkinton, Mansfield, and Foxboro, North Attleboro, Norwood, Hopedale, Mendon, Millville but have resourses to help anyone, anywhere....
  
Their mission....  To exceed your expectations!

Carol-Ann Palmieri

Al and Cal Realty Group
Remax Executive Realty

www.AlandCal.com

Cal@AlandCal.com

508-494-9061

What You Need To Know About Multiple Offers

What You Need To Know About Multiple Offers

Last year, or the year before, many of us would not have thought this possible again.  But Folks.  Here we are, back at it.   

 

Yes.   We are talking about dealing with  multiple offers on properties.    Example.  Yesterday we put a home on the market at 7 am.   By 7 pm we had 6 offers with promises of more to come.    All great offers.   One party happy, the other five scratching their heads, wondering what happened and why.

So what really happens when there is more than one offer on the table?    Other than the anxiety of buyer, and believe it or not seller too. 

There are several ways the Seller and their agent will deal with this situation.  

• They might want to look at all offers and simply accept one.   
• They might look at all offers and pick one to negotiate.   In this case, they will try and come to terms on this offer.   If it doesn't work, they will move on to the next, but
• More than likely, they might go back to all potential purchasers and ask for their highest and best offer.

Highest and Best Offer

If you are involved in a multiple offer situation and the seller asks for every one's highest and best offer, consider the fact that the best offer might not have the highest price.    Don't get me wrong, there are many sellers out there that are looking for simply the highest price, but I can guarantee you that this is not always the thing that seals the deal.    Depending on the sellers circumstances, contingencies and terms may count heavily in their decision on what offer to pick.

So, having said that, Evaluate your contingencies and decide what is really necessary and important to you.    Delete all that are unnecessary.   Do you really want/need that swing set in the back yard?    Look at the comps and know your finances.   Figure out what is the most you are willing to spend and go for it.   This might be the only chance you will have.    Trust me.  Losing a property over a small amount of money when you know you would have paid more will haunt you for the rest of your life.   I know.   Been there personally and done that.  

The Listing Agent's Role..   The listing agents role is to counsel the seller, present any and all offers, and to treat all equally and ethically.   I would be very surprised if any listing agent shared the terms of an offer to another.   You will be on your own to come up with that best and final.

The Buyers Agents Role..  Their role is to assist a buyer in coming up with their best offer.   Evaluating the market, comps and contingencies, making strategic and judgement calls as to what might beat out the competition.

 So know you know how your offer will be dealt with if you are involved in this type of situation.  Check out.
Tips to Win at Multiple Offers

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About the author

Carol-Ann Palmieri is a full time Real Estate professional in Massachusetts for the past 25 years along with her partner Al Mussi have helped literally hundreds of families find, sell or purchase new places to live.

 A former US Marine, she grew up in Walpole, MA...  is committed to the serving the community through various volunteer opportunities.   She attended MA Bay Community and Suffolk University and is committed to constantly updating her Real Estate education.

Al and Cal Licensed in MA and RI...

 Al and Cal's primary areas of service Franklin, Bellingham, Medway, Millis, Medfield, Norfolk, Wrentham, Plainville, Blackstone, Walpole, Milford, Holliston, Hopkinton, Mansfield, and Foxboro, North Attleboro, Norwood, Hopedale, Mendon, Millville but have resourses to help anyone, anywhere....
  
Their mission....  To exceed your expectations!

Carol-Ann Palmieri

Al and Cal Realty Group
Remax Executive Realty

www.AlandCal.com

Cal@AlandCal.com

508-494-9061

Medfield Ranks as One Of Greater Bostons Top Spots To Live

Medfield Ranks as One Of Greater Bostons Top Spots To Live

Boston Globe Magazine has rated Medfield as one of the top spots to live in Greater Boston are in 2013.   

Medfield was one of 13 communities that the Boston Globe ranked in it's feature "Greater Boston's Top Spots to Live" article.   They cited the importance of buyers wanting to "feel confident in their investment" when making a home purchase.    And confident you would.   Medfield's home price was up more than 17% in 2012 from the previous year.  

Not news to me.   Medfield MA  is a beautiful community that lies approximately 17 miles south west of Boston.

Medfield MA has that quintessential New England feel.    Traveling down Main Street, a couple of white church steeples dot the sky.    The town offices and library are architectural works of art.   Speaking of works of art there is an art gallery that has a second floor out door terrace that overlooks downtown.   One might hear soft, classical music streaming outside, as one visits the downtown gazebo.

 Not only beautiful, Medfield is rich in history, and significant in the formation of our country.  It was devastated by King Philip during the Indian Wars and was burnt to the ground.   It was rebuilt and has become an affluent and desirable place to live.

From early on, it's settlers believed in education and women's right to vote.   Today, Medfield is known for it's commitment to education evidenced by it's top notch public school system. 

The well known artist George Inness depicted scenes of Medfield in some of his famous works. 

 

If there is any way that I can help you with your real estate needs and dreams,

I can be reached at 508-494-9061 or a an email at Cal@AlandCal.com

For an up to the minute home search go to Al and Cal.com

Carol-Ann Palmieri

Carol-Ann Palmieri

Al and Cal Realty Group

Remax Executive Realty

www.AlandCal.com

Cal@AlandCal.com

508-494-9061

My First Blog Since the Boston Marathon

My First Blog Since the Boston Marathon

Since the bombing of Boston Marathon I Have Lost My Voice.

Anyone that knows me would never in a million years think that anything could shut me up.    I never thought so either.   But, in the past 3 weeks, I haven't really felt like writing about real estate.    I haven't felt like sharing thoughts or feelings.

It's not that I am afraid, or that the terrorists have had their way, it's just that what I have to say seems so meaningless.    I have just lost the words that usually flow from my lips with abandon.  

The Boston Marathon.  

 To many, a sign of spring.   A sign of accomplishment.   A sign of Boston.     Many of my clients have had the stamina to run.    I've seen them training in all kinds of weather with a determination that amazes me.  

 One gal, under 5 feet tall.  I always thought to myself, "it's kind of not fair.   With legs that short, that poor girl is running like, 3, marathons."  

Back in my days at the PD, there was an officer that would run the route and finish by coming in to the station at about 5:30 am.   His little dog, (one that looked like Toto) would come in about 15 minutes after him.   I would get that pup a cup of water and give him a pat.    I can tell you right now that patting that dog was like patting a 2 x 4.   He was as solid as solid gets!

It has always been our custom to go to the Marathon.     This year I went kayaking instead.   


It is hard to push the thoughts that rise to the front of my head to the back.   Disgust, pride, hate, sorrow and sadness.   But not fear because like many,  I am just highly Pissed off!   

Our thoughts and prayers go out to the victims of this senseless crime.   The good in people shines through.   Support flows in from all over the country.    American's have big hearts. 

While the authorities debate where to put the remains of the scum bag that died as a result of his actions, and his accomplice recovers from his wounds, and as we all struggle to understand why these people, so young, would have such a hate and unfeeling disregard for life.

Boston Strong has become, not really a new sentiment, but now one that is voiced and worn proudly.

And now, I must try to push all thoughts of this senseless act as well as the pursuit of justice to the back of my mind knowing that life has, again, forever changed. 

Carol-Ann Palmieri

Al and Cal Realty Group

www.AlandCal.com

Cal@AlandCal.com

508-494-9061

Open House 31 Woodland Road Bellingham MA on April 7th

Open House 31 Woodland Road Bellingham MA on April 7th

Join us from 1-3 on April 7th to view this charming, move in ready 2/3 bedroom bungalow.    Have a busy lifestyle?   This is the home for you!

Asking $249,900

Property Features

• 1920 Style Bungalow
• 1109 s.f. of living space
• 5000 s.f. lot
• 2/3 Bedrooms
• 1 Fully Renovated Bath (with heated tile floor)
• Taxes $2380

31 Woodland Road

The minute you walk through the front door, this charming sun drenched bungalow says welcome home!

Many recent updates combine to make a perfect blend of today's comfort and old world charm.   From the cabinet packed kitchen with granite counter tops and stainless appliances, to the updated bath with heated tile floor, and recessed lighting to the beautiful moldings, wood floors and front porch you will find nothing to do but unpack your bags!  


Updates include central air, electrical, plumbing, heating (very low heating costs), hot water, siding, roof, many replacement windows and lighting, and even insulation.

Easy maintenance makes this a perfect home for a busy lifestyle!

Situated on a quiet side street neighborhood with sidewalks, this home is located just minutes to shopping, Boston commuter rail and major commuter roads.

Please join me for the first public open house this Sunday April 7th from 1-3.   If you can't make that date, please give me a call and we can schedule something that works for you.      508-494-9061   or email to cal@alandcal.com

Map of 31 Woodland Road Bellingham MA

Open House April 7th from 1-3.

Scan QR Code with your smart phone for more pics and info.

About the author

Carol-Ann Palmieri is a full time Real Estate professional in Massachusetts for the past 25 years along with her partner Al Mussi have helped literally hundreds of families find, sell or purchase new places to live.

 A former US Marine, she grew up in Walpole, MA...  is committed to the serving the community through various volunteer opportunities.   She attended MA Bay Community and Suffolk University and is committed to constantly updating her Real Estate education.

Al and Cal Licensed in MA and RI...

 Al and Cal's primary areas of service Franklin, Bellingham, Medway, Millis, Medfield, Norfolk, Wrentham, Plainville, Blackstone, Walpole, Milford, Holliston, Hopkinton, Mansfield, and Foxboro, North Attleboro, Norwood, Hopedale, Mendon, Millville but have resourses to help anyone, anywhere....
  
Their mission....  To exceed your expectations!

Carol-Ann Palmieri

Al and Cal Realty Group

www.AlandCal.com

Cal@AlandCal.com

508-494-9061

Medfield Police Log Advises A Realtor Impersonation

Medfield Police Log Advises A Realtor Impersonation

Yesterday's daily Patch reports that a woman walked into the local police house to report that she had been duped by someone, a lady, claiming to be a Realtor.   Apparently this women got into her home and walked off with a chest.

My first thought is that it sounds just crazy.    But is it?

I often get calls from folks I don't know who invite me into their homes to do a market analysis or a consult.   In fact my business depends on it!

 In 25 years, I have never been asked to show an ID.    In lieu of that, I always hand my new prospective client a business card.    Unlike most Realtors,  I no longer bother to have a photo on my business card and rather use our logo in place of that.

It drives me crazy when I see cards that don't remotely resemble the person that holds them.      I mean really with my every changing hair style,  the natural aging process and, yup, I hate to say it, weight fluctuation, one might not recognize the person on the card to be me anyway!    So that being said, I guess the homeowner is taking a leap of faith that it is in fact me.    

So, why wouldn't some crafty thief gain entry into someones home posing as a Realtor just to pick them off?     Realtors are typically welcomed into "strangers" homes.    It does sound a bit crazy doesn't it?

After all, imagine someone gaining entry into a home pretending to be a Realtor.    That homeowner would have an easy time giving the PoPo  a description of the perp.   I mean I can't imagine anyone letting a "Realtor" with a ski mask covering their face into their home!     I am guessing that one wouldn't be able to hide the "get a way" car either.   In our neck of the woods, a real estate professional will pull right up to the home.    Anyone on foot would probably set up a red flag or two.  

Seems to me it gaining access to a home to rip someone off in this way is a bit risky with promise of little gain.   

Of course I joke a bit, but you should always protect yourself.   

If you are worried or concerned, ask for an ID.     We are happy to show you one!!    :)   Just promise not to look to close at that date of birth!   
_______________________    

About the author

Carol-Ann Palmieri is a full time Real Estate professional in Massachusetts for the past 25 years along with her partner Al Mussi have helped literally hundreds of families find, sell or purchase new places to live.

 A former US Marine, she grew up in Walpole, MA...  is committed to the serving the community through various volunteer opportunities.   She attended MA Bay Community and Suffolk University and is committed to constantly updating her Real Estate education.

Al and Cal Licensed in MA and RI...

 Al and Cal's primary areas of service Franklin, Bellingham, Medway, Millis, Medfield, Norfolk, Wrentham, Plainville, Blackstone, Walpole, Milford, Holliston, Hopkinton, Mansfield, and Foxboro, North Attleboro, Norwood, Hopedale, Mendon, Millville but have resourses to help anyone, anywhere....
  
Their mission....  To exceed your expectations!

Carol-Ann Palmieri

Al and Cal Realty Group

www.AlandCal.com

Cal@AlandCal.com

508-494-9061