James Conforti and Domingo Medina - Coldwell Banker Residential Brokerage



Posted by James Conforti and Domingo Medina on 10/19/2017

Purchasing a residence can be quick and simple, particularly for those who know the ins and outs of the housing market.

At first, navigating the real estate market may seem impossible. Fortunately, homebuyers who consider the right questions before they browse residences can streamline the process of acquiring a house.

There are many key questions for homebuyers to consider prior to entering the housing market, including:

1. Where Do I Want to Live?

When it comes to the real estate market, it is all about location. Thus, you'll want to consider where you want to live and plan accordingly.

For example, if you enjoy the city life, you may want to purchase a house in a major metropolitan area. Or, if you prefer quiet country living, you might pursue houses in small towns.

Consider your current and future living situations as well. If you want to work in a particular city or town, you may want to purchase a nearby home. Or, if you plan to have children in the future, you may want to consider properties near schools.

2. How Much Can I Afford?

Unfortunately, bad credit may hinder your chances of securing your ideal residence. But if you know your credit score, you can work to improve it prior to searching for a house.

You are entitled to a free copy of your credit report annually from each of the three reporting agencies (Experian, TransUnion and Equifax). Request a free copy of your credit report, and you can learn your credit score and find out how it may affect your ability to buy a home.

Also, getting pre-approved for a mortgage may make it easy for you to secure a house that matches your budget. With a mortgage in hand, you'll be able to browse homes within a set price range and find one that you can enjoy for years to come.

3. How Do I Get Started?

Let's face it – the real estate market can be complex, but there are many ways to simplify the process of obtaining the perfect residence.

First, create a list of must-haves for your residence. This list will help you narrow your search and determine exactly what you'd like to find in a dream home.

Don't forget to work with an experienced real estate agent, either. This real estate professional can offer support in many areas and ensure that you can explore a wide range of houses at your convenience.

Your real estate agent will help you set up home showings, submit offers on houses and handle negotiations with home sellers. Plus, if you ever have homebuying concerns or questions, your real estate agent will be ready to respond to your queries immediately.

Employing a real estate agent enables you to get your home search started on the right foot. With a real estate agent at your disposal, you can learn about all aspects of the homebuying process. And as a result, you can streamline the homebuying process and find your dream home quickly and effortlessly.





Posted by James Conforti and Domingo Medina on 10/12/2017

There are a lot of factors that can cause one house to sell quickly, while others in the neighborhood languish on the market for months.

In many cases, homes are scooped up because of a desirable location, a great school district, or irresistible curb appeal.

While all buyers have their priority items and wish lists in mind when shopping for a new home, final decisions are often based on psychological factors, emotions, and gut feelings -- not just cold, hard facts!

If you're getting ready to put your house on the market, here are a few strategies for improving your chances of making a fast sale:

Good feelings help sell houses. Prospective buyers are going to be drawn to your house if it looks impeccable from the street and well cared-for on the inside. When your home conveys a sense of pride in ownership and attention to detail, it sends a positive psychological message to house hunters. Very often, the power of suggestion can work in your favor when you're trying to make a favorable impression on potential buyers. Displaying fresh flowers, an appetizing bowl of fruit, or even table settings in your dining room or kitchen can help create a more inviting, appealing atmosphere. The right furniture arrangements can conjure up images of family gatherings, intimate conversations, or relaxing afternoons on the backyard deck.

Clutter creates discomfort. If you notice visitors side-stepping past your furniture or walking through your home as if they're navigating a maze, that's a sure sign your house is cluttered. Too much furniture or furniture that's too large and bulky for the space it occupies will make your rooms look and feel cramped. Creating a feeling of spaciousness and openness, on the other hand, helps bring out the best in all areas of your home.

Small touches make a difference. Displaying vases of fresh-cut flowers, an appetizing bowl of fruit in the kitchen, or colorful, new towels in the bathroom can help enhance the ambiance of your home. When conditions permit, the smell of fresh muffins, bread baking, or coffee brewing can infuse your home with a comforting and inviting fragrance. A house that looks and smells clean will also help create a positive multi-sensory experience for your visitors.

The right price can clinch the deal. Ideally, the price of your home should be based on comparable properties in your neighborhood and what they recently sold for. If your home is not in the same ball park, you could easily scare away qualified buyers who would otherwise be ready to make an offer. Working with a real estate agent can help ensure that you're house is competitively priced and that it doesn't linger on the market longer than necessary. Once you get caught in that cycle, the perceived value of your home and it's overall desirability can begin a downward slide. Take steps to prevent that from happening by having a comparative analysis done.





Posted by James Conforti and Domingo Medina on 10/5/2017

When you’re buying a home, there’s a lot to think about. Your finances probably have the biggest impact in the entire home search process. The amount of a down payment you have and the amount of loan you’re approved for help decide what you can buy. 


When you hear about closing costs, what do they entail? How much will you need to cover these costs? Many people get to the closing table for their home purchase and feel unprepared. You’ll need a certain amount of cash on hand when you finally close on a home. Learn more about closing costs, so that you understand everything that you need to know about your home purchase.    


Closing costs are spelled out pretty plainly in just about every kind of real estate contract. These costs are the fees associated with the title companies, attorney, banks, lenders and everyone else who is involved in the purchase of a home. The closing table is also the time when you provide your sizable down payment. The closing costs that are being referred to are considered a separate expense independent of the closing costs.


Closing Costs Vary


Closing costs can range from anywhere between 2 and 8 percent of the purchase price of the home. You can’t really “choose” what’s included in the closing, so you’ll need to have an idea of how much money you’ll need to write a check for. Lenders can give you an estimate of about how much closing costs will be. 


Negotiations 


Certain things like the realtor’s commission fees can be negotiated and can be paid for by the buyer or the seller. The good news is that you can roll your closing fees in with your mortgage in some cases. You may also be able to negotiate with your lender to pay the closing costs for you in exchange for a higher interest rate. 


What’s Included In Closing Costs?


Depending upon where and what type of home you’re buying, what the closing costs actually cover varies. Here’s just some of the things that closing costs cover:


  • Appraisal
  • Escrow fees
  • Credit reports
  • Title search
  • Title exam fee
  • Survey fee
  • Courier fee (Most transactions are done electronically, but in some cases this may be necessary)
  • Title insurance
  • Owner’s title insurance
  • Natural hazards disclosure
  • Homeowner’s insurance (Your first year of insurance is often paid at closing)
  • Buyer’s attorney fee
  • Lender’s attorney fee
  • Transfer taxes
  • Recording fees
  • Processing fees
  • Underwriting fee
  • Pre-paid interest
  • Pest inspections
  • Homeowner's association transfer fees
  • Special assessments


These fees vary widely by state and the type of property that you’re purchasing. Not every fee is required, but the above is just a list of many of the possible fees that could be included in on the closing of the home you choose.





Posted by James Conforti and Domingo Medina on 9/28/2017

The stronger your roof is the safer and more healthy your entire home can be. A roof serves as the crown of your home. Certain roofs offer an elegant, historic or modern look to your house. Metal roofs tend to cost more than wood roofs. They can also be noisier, especially during hard rain and hailstorms.

Another factor that the material your roof is made of contributes to is how long your roof will stay healthy. Generally, a roof will stay healthy for up to 20 years. However, harsh climates could shorten the life span of your roof. Inadequate ventilation and moss build up can also reduce the time that your roof endures.

It’s important to spot roofing damage early

Cost to repair or replace your roof depends on several factors, including the extinct of damage to your current roof, the size of your roof and the material that your shingles are made with. Knowing what to look for in your roof could help you to spot issues early, potentially saving you hundreds or thousands of dollars. Among the signs that your roof needs to be repaired or replaced are:

  • Curled shingles – The ends of your shingles should generally be flat. Curled shingles could be a sign that the nails that secure your shingles to your house are loose. It could also signal that your shingles are rotting.
  • Discolored shingles – Colored spots or streaks are a sign of wear and tear. You could replace a few discolored shingles on your own.
  • Missing shingles and missing granules – Entire shingles can create weak spots in your roof. While inspecting your roof, also look for missing granules.
  • Wet floors – What happens to your roof can affect your entire house, all the way down to your basement. Check your roof if your floors become wet for seemingly no apparent reason, meaning no one spilled liquid on the floor. Also, check your roof for leaks or damage if your floors become wet following a rain or heavy snowfall.
  • Cold attic – An exceptionally cold attic could be a sign that the ventilation in your roof is eroding.
  • Damp rooms – Should the rooms of your house feel damp, it could be a sign that shingles are missing or damaged. It could also be a sign that roofing ventilation needs to be repaired or replaced.
  • Stained walls – Among the signs that your roof is leaking are stained walls. If you notice streaks or water stains on your walls, check your roof or call a professional roofer to inspect the roof for you.

There are steps that you can take to extend the life of your roof.Inspecting your roof at least once a year is an important part of those steps. It’s important to replace or repair damaged or missing shingles early.

Taking the above actions could save your several thousand dollars, a sit can cost between $6,500 to more than $9,000 to replace a roof. Some roofing companies will inspect your roof for free. You may have to participate in a special offer to get this free service. You could also work with a roofing company or contractor who provides an additional service like exterior lighting. After you pay for exterior lighting, you could qualify to receive a free, professional roof inspection.





Posted by James Conforti and Domingo Medina on 9/27/2017


30 Lotus Ave, Stoneham, MA 02180

Single-Family

$575,000
Price

14
Rooms
5
Beds
2
Baths
Wonderful opportunity to own/develop in Stoneham and let someone else help pay your mortgage. This property is well maintained and has been in the same family for decades. Property can be lived in as a single family or two family. First floor unit offers 3 bedrooms, kitchen a full bathroom, open floor plan with living and dining room plus two bonus rooms and lots of storage. Second floor unit has a separate entrance and separate driveway, offering 1-2 bedrooms, kitchen, and a full bathroom. Large lot with potential to sub-divide, or condo conversion or enjoy the large yard for entertaining or playground for the kids and ball game. Excellent location, close to public transportation, downtown, and major highways. Don't miss this one of a kind opportunity. Commuter's Open House Monday August 26th from 4:00 to 5:30 p.m.
Open House
Saturday
September 30 at 12:00 PM to 1:30 PM
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Location: 30 Lotus Ave, Stoneham, MA 02180    Get Directions

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