The Mavroules Team - Atlantic Coast Homes



Posted by The Mavroules Team on 7/13/2018

Buying a home as a single individual comes with its own set of unique experiences and challenges. Some are to be expected, like financing with a single income. While others not so much, like a more competitive market.

You know that financing will be based on your sole income. However, the vast majority of homeowners are couples who have dual incomes. Your eligibility is going to be very different than that of a couple and for some home buyers when they receive a lower number this comes as a shock. Expect to see numbers that are on the lower side of those who apply as couples.

Since you are on a sole income you may want to look into various loan types such as those that offer low-interest rates and lower down payments. Two to look at are first-time buyers programs and FHA loans.

When comparing options watch the lenders fee in comparison to the interest rate. Where you may have low-interest rate it might come with a higher lender fee. Do the math on these ratios to get a true value of each.

Before applying for mortgage approval, clean up your budget and handle any existing debts, especially expensive ones. Pay off card balances, refinance student loans, and swap out expensive monthly car payments for one that is more reasonable.

Draw up a budget and get really clear on just how much house you can afford month to month. Include the cost of house ownership and maintenance in your budget in addition to the cost of future monthly mortgage payments.

As a sole earner having savings is incredibly important as you donít have a second income to rely on. In addition to setting aside your down payment (as close to the recommended 20% as you can), build up a nest egg of three to six months worth income should anything misfortune arise.

Start the buying process well prepared with the right mindset. Smaller houses make up a lower percentage of the housing market and cheaper homes are competitive when it comes to the buying process. Be ready for a search that might go a little longer and a buying process that needs you to move a little faster than traditional ones.

Bring a trusted friend or family member with you to home viewings to have a sounding board for your decision process. Itís easier to get swept away emotionally when you donít have a partner to hash out the gritty details with. Find someone who can come to each viewing with you so that you can compare the different homes proís and conís together.

Buying a home as an individual is a unique process but it doesnít have to be a difficult or lonely one. Ask for feedback from your realtor, bring a trusted friend and know what to expect from the buying process as a sole income earner.





Posted by The Mavroules Team on 7/12/2018

This Single-Family in Salem, MA recently sold for $340,000. This Ranch style home was sold by The Mavroules Team - Atlantic Coast Homes.


5 Liberty Hill Ave, Salem, MA 01970

Single-Family

$329,000
Price
$340,000
Sale Price

5
Rooms
2
Beds
1
Baths
Excellent Condo alternative. If you are a commuter or simply dreaming of owning a smaller home with a fenced yard and parking, look no further. This well-located home in the desirable Kernwood area of North Salem near Danvers line, short walk to MBTA train, bus and thriving downtown, as well as easy highway access. The home is an Antique Ranch style indicative of its time period and once owned by a Civil War figure "Chandler"; its many unique features including custom wood touches, pine floors, cedar closet, a great family room w/wood stove, galley kitchen, dining, large bedroom on 1st level, and a private suite in lower level, bring your ideas- this home has great expansion/renovation possibility. Area amenities include River and boat ramp access, schools, parks, and downtown with its thriving arts scene, restaurants & farmers market. If you are a commuter, or priced out of Boston, Salem is a historical waterfront destination City, easily accessed by T Bus, Ferry or Train.

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Tags: Salem   Real Estate   01970   Single-Family  
Categories: Sold Homes  


Posted by The Mavroules Team on 7/10/2018

Spacious second floor apartment in the ideal commuter location, minutes to the COMMUTER rail. Enjoy two levels of living in this OPEN CONCEPT floor plan including Kitchen - Dining room - Sun room combo with hardwood floors through out. Kitchen features beautiful CHERRY cabinets, GRANITE counters and STAINLESS steel appliances. This floor also includes one bedroom, living room and updated tiled bath. Second floor includes TWO more bedrooms with newer carpet and plenty of CLOSET space. Bonus features include laundry hook ups in basement and large fenced in back yard. Come enjoy all Salem has to offer including restaurants, shopping and museums!

More Info on this Property | New Listing Alerts




Categories: Uncategorized  


Posted by The Mavroules Team on 7/6/2018

As a home seller, it is crucial to do everything possible to prepare for a house showing. Yet determining the best ways to prep for a showing sometimes can be difficult. Fortunately, we're here to help you get ready for any showing, at any time.

Now, let's take a look at three tips to help you plan for a house showing.

1. Upgrade Your House's Curb Appeal

Although a property buyer likely has seen pictures of your house or walked or driven past your residence, there may be no time like the present to upgrade your home's curb appeal. Because if a buyer sees your home's beautiful front lawn and other stunning exterior features on the day of a showing, he or she may instantly fall in love with your residence.

Completing assorted home exterior improvements is crucial to enhance your residence's curb appeal prior to a showing. In fact, performing home exterior tasks like mowing the lawn and repairing damaged siding will help your residence make a positive first impression on potential buyers. Home exterior improvements ultimately may help you accelerate the property selling journey too.

2. Remove Clutter from Inside Your Home

Clutter is a major problem because it may make your house appear small and messy. If you allocate time and resources to remove clutter prior to a home showing, however, you can highlight the true beauty of your living space to potential buyers.

If you own items you no longer need, you can always sell these items online or at a yard sale. You also can donate unwanted items to charity or give them to family members or friends.

In addition, you can always put various items you want to keep in storage. If you rent a storage unit, you can keep assorted belongings safe until your residence sells.

3. Consult with a Real Estate Agent

With a real estate agent at your side, you can receive comprehensive support leading up to a house showing. A real estate agent will offer recommendations and suggestions to ensure you know what to expect from a showing. Plus, he or she will respond to any of your home showing concerns or questions.

Furthermore, a real estate agent will help you navigate the home selling cycle. He or she first will meet with you, find out why you want to sell your residence and help you craft a property selling strategy. Next, a real estate agent will promote your residence to dozens of prospective buyers. And if you receive an offer to purchase your home, a real estate agent will help you analyze this property buying proposal. A real estate agent will even negotiate with a buyer's agent on your behalf to help you optimize your home sale earnings.

When it comes to hosting a home showing, there is no need to worry. Thanks to the aforementioned tips, you can plan for a home showing. And as a result, you can take the necessary steps to ensure a home showing is an instant success.




Categories: Uncategorized  


Posted by The Mavroules Team on 7/5/2018


27 Appleton St, Salem, MA 01970

Rental

$2,150
Price

7
Rooms
3
Beds
1
Baths
Spacious second floor apartment in the ideal commuter location, minutes to the COMMUTER rail. Enjoy two levels of living in this OPEN CONCEPT floor plan including Kitchen - Dining room - Sun room combo with hardwood floors through out. Kitchen features beautiful CHERRY cabinets, GRANITE counters and STAINLESS steel appliances. This floor also includes one bedroom, living room and updated tiled bath. Second floor includes TWO more bedrooms with newer carpet and plenty of CLOSET space. Bonus features include laundry hook ups in basement and large fenced in back yard. Come enjoy all Salem has to offer including restaurants, shopping and museums!
Open House
No scheduled Open Houses

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Tags: Salem   Real Estate   01970   Rental  
Categories: New Homes  




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