LAER Realty Partners



Posted by Team Edwards on 8/10/2017

When youíre ready to buy a home, thereís an anxious excitement thatís within you, making you feel like a small child on Christmas night. One question that is probably burned in your mind throughout the home search process is, ďHow long is this going to take?Ē 


If youíre a first-time home buyer, youíll likely be using some programs through the Federal Housing Administration, also known as the FHA. With any kind of home loan, thereís many variables that can affect how long the process will take. This can be due to many factors including the sellerís circumstances and the nature of your loan. 


When youíre securing a home loan backed by the FHA, you may wonder how long itís going to take for the entire process to finish from beginning to end. 


Variables That Affect The Loan Process


Underwriting

This is one of the variables that can fluctuate the most in the home loan process. Once you have found the home that you love, the lending process can take a few weeks beyond the point where you sign a contract. This part could entail many different steps that may become hurdles for you as a borrower. Your loan officer can also have an impact on the length of the process. Some loan people are just faster than others! 


Keep in mind that you canít close on an FHA loan until you get through the underwriting process. In the underwriting process for an FHA loan, it will be assured that you meet all of the criteria necessary for securing the loan, such as the standards that have been established by the HUD (Department Of Housing and Urban Development).      


Closing On An FHA Loan


While itís difficult to say the exact amount of time that it will take for a loan to process, thereís some things you can do ahead of time to prepare. If you apply for an FHA loan before you have even found a home, youíll expedite the process a bit. If you have been pre-approved prior to making an offer on a home, youíll likely be in a better position than if you havenít yet met with a lender. This will also make the underwriting process move a bit faster for you, provided there arenít any major red flags on your paperwork.  


FHA Appraisals


FHA appraisals do differ a bit from appraisals for a home with a more conventional loan. With an FHA appraisal, the appraiser must look for things in two main areas including any health and safety issues and determine the market value of the property as well. This process will most likely only take a few days. Part of the appraisal process may include the appraiser looking at similar properties in the area in order to get a bit of a comparison on the value of the property. 


Can You Speed It Up?

If you have everything in order before you even decide that youíre ready to go on the house hunt, youíll discover that the process of securing an FHA loan will be a bit smoother. Talk to a lender before you start the process so you can familiarize yourself with the requirements. Once you can present the lender with the right documents, theyíll be able to do their job with little intervention on your part.




Tags: loans   FHA loans  
Categories: Uncategorized  


Posted by Team Edwards on 8/9/2017

This Condo in Concord, MA recently sold for $510,000. This Townhouse style home was sold by Team Edwards - LAER Realty Partners.


1285 Elm Street, Concord, MA 01742

West Concord

Condo

$524,900
Price
$510,000
Sale Price

6
Rooms
2
Beds
2/1
Full/Half Baths
Just reduced!!! Wonderful value... Come see for your self! This enchanting townhome is an end unit located in a private, peaceful community. In "Like New" condition, this home is filled with natural lighting. The spacious living room and the stainless steel and granite kitchen both connect to the dining room. The glass doors in the dining room provide access to the deck/patio overlooking the gardens and wooded landscape. Located on the 2nd floor, the two Master Suites are bright and private with en suite baths. The large and sunny family room on 3rd floor has room for hobbies and an office, plus couches, TV, perhaps a library, etc. This home offers so much beauty with the landscaping, open space and natural lighting! Located Near: Highway Access, Public Transportation, Shopping, Walking/Jogging Trails, Conservation Area






Tags: Concord   Real Estate   Condo   01742  
Categories: Sold Homes  


Posted by Team Edwards on 8/4/2017


845 Westford St, Lowell, MA 01851

Single-Family

$394,900
Price

8
Rooms
4
Beds
1/1
Full/Half Baths
This home is gorgeous, one of our all time favorites! The property has been Impeccably Kept, it is cited on a lovely corner. Glowing hardwood floors greet you in most rooms. There are coffered ceilings, period molding and beams throughout. You will find, Art Deco sconces and fixtures. Intricate, stained glass windows, wainscoting, and crown molding. The winding staircase adds to the beauty of this home tying the entry into the rest of the home. The alcove doorways, built-in book shelves, and glass tile walls can't be missed. There is a 2 Garage, 4 car off street parking.And a small basketball court ! There is too much to describe, please come and see yourself!
Open House
Sunday
August 06 at 12:30 PM to 2:00 PM
Cannot make the Open Houses?
Location: 845 Westford St, Lowell, MA 01851    Get Directions

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Categories: Open House  


Posted by Team Edwards on 8/3/2017

As you may have noticed, your family's grocery bill accounts for a big chunk of your monthly household budget. Fortunately, there are many ways to prevent your food bill from spiraling out of control! Some money-saving strategies are obvious, such as using discount coupons and not shopping when you're hungry, while others are not as widely known.

If you habitually buy more expensive name-brand products without having a specific reason for doing so, it might pay to experiment with generic or store-brand grocery items. When you compare the prices, the savings can really add up! In some cases, there is a noticeable difference in quality, but in countless other instances, the store-brand products are on par with the well-known name brands.

One question to ask yourself is this: "Why pay substantially more for name-brand products when all you're really doing is helping huge corporations pay for their immense advertising budgets?" Your challenge -- and this can be worth the effort -- is to determine which store-brand products are comparable in quality and which ones are not worth the savings. In many cases, the difference in quality is negligible (or non existent), but the total savings from comparing prices can easily add up to $5 or $10 per shopping trip -- and who amongst us would voluntarily throw away a ten-dollar bill every time we went grocery shopping!

It's also interesting to note that many supermarkets tend to stock their more expensive products at eye level. By shifting your glance to the higher or lower shelves at the store, you can often spot money-saving bargains that would have otherwise escaped your notice. While you're at it, it also pays to check out the expiration date on products so you don't end up wasting money on items that have been sitting around for a while. A big frustration that we've all experienced is getting home and realizing that a perishable item we picked up at the grocery store expires tomorrow -- or even worse, yesterday!

Here's a money-saving tip that not everybody thinks of: If an advertised sale item has been sold out, you can often get a "rain check" issued to you, which will entitle you to the discount price -- even after the sale is officially over. You may have to get it from the customer service desk or a manager, but if you're determined to be a savvy grocery shopper, it's worth the extra few minutes.

One of the easiest, most automatic ways to save money at the food store is to join your supermarket's "loyalty program". It goes by different names at different places, but once you sign up, the discounts, coupons, and special offers keep coming your way! Taking a few minutes to glance over your grocery store's weekly newspaper insert can also point you in the direction of worthwhile savings opportunities.





Posted by Team Edwards on 8/1/2017

This Single-Family in Carlisle, MA recently sold for $710,000. This Colonial style home was sold by Team Edwards - LAER Realty Partners.


142 River Rd, Carlisle, MA 01741

Single-Family

$700,000
Price
$710,000
Sale Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Colonial home sited on 2 acres of property on highly desired River Rd in Carlisle. The property boasts gleaming hardwoods throughout, and an open floor plan on main level. Modern kitchen with cherry cabinets, granite counters, stainless steel appliances, and eat-in area with views of private rear yard. The family room is front to back with ample natural light and opens to spacious living room with wood burning fireplace. Access the screened in porch for summer entertaining. First floor completed with formal dining room. The second floor features master suite with lux master bath and walk in closet. Updates include high efficiency boiler, hot water tank, updated electrical, and newer septic. River Rd becomes Monument St in Concord offering direct access to Concord Center. Great commuter location with access to route 225 to route 128 in Bedford. Close by are Foss Farm, Clark Farm Stand, Kimball's, and Great Meadows. Nature, modern amenities, and convenient location rolled into one

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Categories: Sold Homes  




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