Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 24, 2022

Lindsay Live On The Radio With Jon Duane

Listen to Boston Real Estate Agent, Lindsay Higgins and Attorney Jon Duane from Hoye & Duane Real Estate Attorneys talk all things real estate on the South Shore's Radio Station WATD 95.9FM.

 

 

TIMESTAMPS 02:50 -- Lindsay Introduction

03:40 -- Buyers Preapproval Letter

05:00 --12:30 -- Lindsay Speaks On Title Issues What do you do when the neighbor is parking on your land and you go to sell? How this will affect your home sale legally.

12:27 - 13:20 -- Meet Boston Real Estate Agent, Lindsay Higgins (Lindsay's Formal Introduction)

13:30 - 16:15 -- What Do You Do When You Find A Grave On The Property?

16:10 - 20:10 --- When You Expect Your New Home To Be "Broom Clean" Versus Reality. Learn about what a final walkthrough is. Lindsay explains what a final walk-through is and shares a recent experience of a final walkthrough of the home before first-time home buyers. When there are holes in the wall in the house you are just about to buy from mount TV and more.

21:29 - 24:33 -- Title Issues Continued Parking, when someone dies and they are still on the deed, husband & wife own together

24:43 - 26:15 -- Title Insurance - Do I need it for a newly built property?

26:00 - Lindsay and Jon talk about where she grew up, her family, and working for Classified Realty Group.

28:00 - 32:00 First-Time Home Buyers

Buyer frequently asked questions Why Lindsay's buyers don't have "buyer fatigue" Lindsay shares stories of buyers she's worked with and why cash isn't always king First-time home buyer's misconceptions

32:00 - 33:40 - Jon talks about adjustable-rate mortgages (ARM)

33:45 - 37:30 -- Lindsay talks about how buying a house and all the mortgage language is scary and intimidating to first-time home buyers. Jon talks about interest rates and appreciation.

37:35 - 42:00 - How much do I even need to buy a house? Lindsay explains what an FHA mortgage is and PMI means. You don't need to be an expert in all facets of real estate. Trust who you work with and the team they work with.

42:10 42:48 -- Where's the mailbox?

42:57 -- 44:13 - If you are planning on getting married and don't currently own, you should talk to a realtor before you start planning your wedding.

44:55 - 47:35 -- Jon's talk about Father's Day and going to Maine

47:31 -- 49:39 -- Lindsay talks about how social media/internet has affected real estate. Register for Lindsay's upcoming webinar for first-time home buyers.

49:40 -- 51:05 Jon talks about the negative perception of VA loans

51:31 to 52:55 -- Letting A Seller Live In The Home You Purchased Until They Find A House

Posted in Real Estate Tips
June 20, 2022

What To Provide Your Mortgage Company After You Have Signed The Purchase And Sale

Once your offer has been accepted, PLEASE avoid purchasing any new cars, large big flat-screen TVs, or any furniture, for example. The bank does not like to see you take on more debt during the mortgage process. If you are considering doing this, please discuss this before you make any purchases with your loan officer and real estate agent. 

Once you sign the purchase and sale, let your loan officer know ASAP! They will need more documents from you listed below.

1. Gather all of the requested items below (Include all requested pages, including any blank pages, for each requested document.) Minor omissions can sometimes slow down the process and delay when you receive the keys to your new home!

2. Create a folder on your computer to save all of those items. Include all requested pages, including any blank pages, for each requested document. 

3. Verify all handwritten pages and that photocopies are clear.

4. Write your application number on all forms and documents. 

 

Employment Income Information

  • Two most recent pay stubs within the last 30 day period 
  • Two most recent years' W-2 forms 
  • Two most recent personal income federal tax returns - all pages, schedules and statements
  • Word document of explanation for any change in job or gap in employment
  • If self employed, proof of self employment for at least two years (ex. business license, proof of liability insurance, letter from your accountant) 

 

Business Income Information (if applicable)

  • Business income federal tax returns for most recent two years - all pages, schedules and statements
  • Business financial statements (ex. current balance sheet, year-to-date profit and loss statement) 

Other Sources of Income (if applicable)

  • Most recent Social Security Award Letter 
  • Most recent 1099 form for all pension accounts 
  • Proof of receipt of child support (ex. up to 12 months cancelled checks or bank statements to show deposits) 
  • If you have other sources of income not specified, please discuss documentation requirements with your loan officer.

Asset Information

  • Two most recent bank statements
  • Two most recent statements for investment and/or retirement accounts (ex. 401Ks, IRAs, mutual funds, stock, etc.)

Credit Information

  • Landlord name, address and phone number for last 2 years and most recent 12 months of cancelled rent checks 
  • Most recent mortgage statement or mortgage payment coupon 
  • Letter of explanation for credit inquiries and, if applicable, most recent billing statements for any new loans or credit obligations
  • Letter explaining any derogatory credit items 
  • Additional documentation may be needed if you are a co-signer of debt or if you’ve had a previous bankruptcy discharge.

Property Information

  • A copy of the fully-signed Purchase & Sales Agreement for the property you are purchasing
  • The contact info of the lawyer you are using that is approved by the bank
  • Verification of earnest money deposit on subject property purchase including the source of funds (ex. bank statement) 
  • Homeowner’s hazard insurance binder (contact insurance agent to let them know you are purchasing a home and need homeowners insurance)
  • Name and phone number of condo or co-op association representative (if applicable)
  • Completed condo questionnaire

 

Other Information (if applicable)

  •  Divorce decree and/or separation agreement, and if not specified in the agreement: 
  •  Court ordered child support agreement 
  •  Property settlement statement 
  •  Alimony agreement 
  •  Mortgage, tax, insurance and lease agreement documentation for other properties owned 
  •  Trust documents

 

June 20, 2022

How To Get Preapproved For A Mortgage

1. Gather all of the requested items below (Include all requested pages, including any blank pages, for each requested document.)

2. Create a folder on your computer to save all of those items. Include all requested pages, including any blank pages, for each requested document.

Employment Income Information

  • Two most recent pay stubs within the last 30 day period 
  • Two most recent years' W-2 forms 
  • Two most recent personal income federal tax returns - all pages, schedules and statements
  • Word document of explanation for any change in job or gap in employment
  • If self employed, proof of self employment for at least two years (ex. business license, proof of liability insurance, letter from your accountant) 

 

Business Income Information (if applicable)

  • Business income federal tax returns for most recent two years - all pages, schedules and statements
  • Business financial statements (ex. current balance sheet, year-to-date profit and loss statement) 

Other Sources of Income (if applicable)

  • Most recent Social Security Award Letter 
  • Most recent 1099 form for all pension accounts 
  • Proof of receipt of child support (ex. up to 12 months cancelled checks or bank statements to show deposits) 
  • If you have other sources of income not specified, please discuss documentation requirements with your loan officer.

Asset Information

  • Two most recent bank statements
  • Two most recent statements for investment and/or retirement accounts (ex. 401Ks, IRAs, mutual funds, stock, etc.)

Credit Information

  • Landlord name, address and phone number for last 2 years and most recent 12 months of cancelled rent checks 
  • Most recent mortgage statement or mortgage payment coupon 
  • Letter of explanation for credit inquiries and, if applicable, most recent billing statements for any new loans or credit obligations
  • Letter explaining any derogatory credit items 
  • Additional documentation may be needed if you are a co-signer of debt or if you’ve had a previous bankruptcy discharge.

3. Create a folder on your computer with ALL of these items labeled accordingly. 

4. Click this link to apply using our recommended lender, Deb here, and upload all of these documents through her website.

5. Email Deborah.A.Lasota@citizensbank.com to let her know it was submitted and that you are working with Lindsay Higgins as your trusted real estate agent so she can keep us in the loop! 

May 24, 2022

Why You NEED A Real Estate Broker To Sell Your House

Rick, Kathy, and Tony are joined by, Real Estate Broker, Maureen Giuliano and Realtor Lindsay Higgins from Classified Realty Group. Together they are discussing why hiring a broker to sell your house is going to get you the best results.

Real Estate Attorney Rick Carter, Paralegal Extraordinaire Kathy Holtshouser, and Comedian Tony V discuss a variety of topics including:

• Why shouldn’t you sell your house yourself?

• Why should you use a broker?

• What kinds of marketing do they use?

• Why is staging important?

• Should you fix up your house before putting it on the market?

• What other pitfalls could a sale by owner face?

 

Posted in Real Estate Tips
April 20, 2022

Painting To Prepare To Sell

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Posted in Real Estate Tips
April 20, 2022

If you are paying more than $1500 in rent, this video is for you.

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