Lisa Bradley - Re/Max Vision



Posted by Lisa Bradley on 8/15/2017

The process of closing on a home can seem lengthy and complex if it’s your first time buying or selling a house. There are several costs and fees required to close on a home, and while it’s up to the individuals to decide who covers what costs, there are some conventions to follow.

In this article, we’re going to talk about closing costs for selling a house and signing on a mortgage. We’ll discuss who pays what, and whether there is room for negotiation within the various fees and expenses.

But first, let’s talk a little bit about what closing costs are and what to expect when you start the process of buying or selling a home.

Closing costs, simplified

If you’re just now entering the real estate market, the good news is you can often estimate your closing costs based on the value of the property in question. You can ask your real estate agent relatively early on in the process for a ballpark figure of your costs.

Closing costs will vary depending on the circumstances of your sale and the area you live in. In some cases, closing costs can be bundled into your mortgage, such as in “No Closing Cost Mortgages.” However, avoiding having to deal with closing costs often comes at the expense of a slightly higher interest rate.

If you are planning to buy a house and have recently applied for a mortgage, laws require that your lender sends you an estimate of your closing costs within a few days of your application.

Now that we know how closing costs work, let’s take a look at who plays what.

Buyer closing costs

In terms of the sheer number of closing costs, buyers tend to have the most to deal with. Fortunately, your real estate agent will help you navigate these costs and simplify the process.

They can range from two to five percent of the cost of the sale price of the home. However, be sure to check with your lender for the closest estimate of your closing costs. It’s a good idea to shop around for mortgage lenders based on interest rates as well as closing costs charged by the lender.

Here are some of the costs you might be asked to pay as a home buyer:

  • Appraisal fees

  • Attorney fees

  • Origination fees

  • Prepaid interest or discount points

  • Home inspection fee

  • Insurance and Escrow deposits

  • Recording fees

  • Underwriting fees

Seller Closing Costs

While the seller pays a larger amount of closing costs, sellers still have obligations at closing that can be just as expensive. The biggest expense for sellers is to pay the real estate commission. Commission usually falls in the vicinity of 6% of the sale price of the home. This covers the commission of both the seller’s and the buyer’s real estate agents. 


The main takeaway? Buyers and sellers both share the burden of closing costs. While the buyer has more expenses to take care of, the seller pays for the largest costs.





Posted by Lisa Bradley on 8/8/2017

You're getting ready to list your home on the real estate market but are finding that there are many unnecessary items that fill your garage, attic and basement. Fortunately, you know exactly what to do to get rid of these items quickly – host a yard sale! A yard sale likely will prove to be a valuable option for a home seller who wants to earn some extra cash and eliminate clutter from his or her home instantly. In addition, hosting a yard sale may help you spread the news that you're preparing to sell your home, and ultimately, generate interest in your residence. So what does it take to host a successful yard sale? Here are three things you need to know: 1. Advertise As Much As Possible. From good, old-fashioned posters that are strategically scattered throughout your neighborhood to online postings on social networks, you can advertise your yard sale to generate plenty of interest. If you use posters, be sure to indicate where your yard sale will take place, the exact date and the starting and end times. You also may want to indicate what types of items you may be selling – like clothing, furniture and toys – to garner interest in your yard sale. On the other hand, advertising online provides you with a vast array of options. In fact, you may be able to use images that show some of the items that you'll be selling, provide directions to your yard sale and make it easier for interested buyers to understand what your yard sale is all about. 2. Get Organized. Consider how you'll want to lay out all of your yard sale items before you host the big event. For example, it usually makes sense to place similar categories of items together. That way, you'll make it easier for buyers to find all of the toys in one spot, all of the furniture in another spot and so forth. Plus, getting organized before your yard sale enables you to take a close look at the clutter that fills your house and determine what can be sold and what should be thrown away. If an item is unusable to you, it's unlikely that you'll find a buyer for it at your yard sale. Therefore, you may want to dispose of broken items before your yard sale, as this will help you free up space in your home. 3. Set Realistic Prices. The Internet is a valuable resource for those who want to establish realistic prices for items they intend to sell at a yard sale. By doing some online research, you can find out what many of your items are worth and price them accordingly. Of course, you should try to avoid the temptation to overprice and remain flexible throughout your yard sale, particularly if your primary goal is to get rid of items before you sell your house. Plan out your yard sale, and you may find that you're able to sell off a broad range of items and eliminate clutter from your house immediately.





Posted by Lisa Bradley on 8/1/2017

Shrewsbury, MA:

This Single-Family in Shrewsbury, MA recently sold for $797,000.
This is a Colonial style home and features 9 total rooms, 4 full baths, 1 half bath, 4 bedrooms, 0.55 acres, and was sold by
Lisa Bradley - Re/Max Vision




Categories: Uncategorized  


Posted by Lisa Bradley on 8/1/2017

If you're ready to sell your house, it's time to think like a fashion designer. Fashion designers know the importance of standing out. They know how to take simple designs and turn heads. It's that same awareness and skill that you could use to sell your house.

It's time for your house to stand out

To make your house stand out from other houses on the market, study the market. Unlike areal estate agent, you don't need to study pricing, size and type on a large number of houses that are for sale in an entire community or county.

But, you should study pricing, size and type on houses in the neighborhood that your home is located in. Results of this study will help you to spot specific ways that your house automatically stands out from other area houses. For example, you may find that your house is the only house in your community with:

  • Modular build for one or more rooms
  • Solar panels
  • Energy efficient windows that have earned the highest rating
  • Bay windows in the master bathroom
  • Original hard wood floors that date back morethan 100 years
  • An in-ground outdoor swimming pool
  • A full size finished basement and a finished attic

If your house doesn't have existing distinguishing elements, you could add distinguishing qualities to your house. Quick ways to place your house center stage include:

  • Painting your house a different exterior color than other houses on your street (go with a popular color)
  • Another quick tip to spotlight your house is to focus on landscaping. Plant colorful flowers near the edges of your front walk. But, don't just plant the flowers, plant flowers in a rarely seen design.
  • Add rarely seen trees that thrive in the area where the house is located to your front and back yard
  • Install different styles of windows at your house, especially in rooms that face the street. Energy efficient bay windows may be great choices. Set windows off with exquisitely designed or colorful window frames.
  • Bring your house center stage with unique roofing shingles. For example, you could install roof shingles in a reddish hue or another color that's different from roofing shingles on other houses in your neighborhood. Shingle texture is another area where you could set your house apart.

Center stage offers home sell advantages

Set your house apart and you could attract more buyers simply because people are drawn in by the uniqueness of your house. You will still have to share winning details about your house with potential buyers.

If you have repaired your house and met home inspection suggestions, your confidence could soar while you showcase your home. It is powerful to know that your house is in good condition both at the interior and exterior.

Pricing your house so that it's competitive and reasonable is another way to bring your house center stage. Honesty, value and competitive pricing might take you over the top after you do what it takes to bring your house center stage.





Posted by Lisa Bradley on 7/25/2017

Many home buyers approach house hunting from the same angle as an employer searching for the ideal job candidate. It's almost like they have a split personality. On one hand, they're hoping that each prospect will be the one they ultimately choose. On the other hand, they're also looking for flaws and weaknesses -- reasons not to choose the house (or the job candidate) they're considering.

The solution to that dilemma for home sellers is simple... but not necessarily easy! Follow the advice of songwriter Johnny Mercer, who penned the lyrics to the 1944 hit song "Accentuate the Positive" (eliminate the negative)! Presenting your home in its best light to potential buyers not only helps attract more offers, but it also increases your chances of receiving your asking price -- assuming it's based on hard facts, such as recent sales data of other comparable homes in the neighborhood.

Getting It Right The First Time

An experienced real estate agent can be immensely helpful in determining a realistic listing price that will reflect your home's fair market value without being too high. (The last thing you want is for the price to scare away qualified prospects!) Although it's not an exact science, there is a methodology that helps make sure the listing price is reasonable and in the right ball park.

There are several challenges that homeowners face in staging their home for quick sale and determining the best price for all parties involved. In addition to the potential pitfall of allowing one's emotions to inflate a home's asking price, it's also difficult for the owner to view their home through the eyes of potential buyers. That's why professional advice can often make the difference between success and failure in real estate sales.

Being able to identify cost-effective ways to enhance the curb appeal and overall marketability of a house for sale can be difficult for someone who doesn't do it on a daily basis. A real estate professional with a trained eye can zero in on necessary changes, repairs, and cosmetic improvements that can accentuate the positive and eliminate -- or at least, downplay -- the negative!

If it's been a few years since your house or rooms have received a fresh coat of paint, then that might be one of the first improvements a real estate agent or home staging consultant recommends. To "cast as wide of a net" as possible, neutral paint colors typically have the broadest appeal to prospective home buyers. Fresh flowers -- both in hanging baskets and vases -- are an inexpensive way to add some color and appealing touches to the look and feel of your home. Doing your best to get rid of clutter, weeds, and objectionable odors in and around your home are other basic steps you can take to make a positive impression on potential buyers.