Cheryl Caldwell - William Raveis - The Dolores Person Group



Posted by Cheryl Caldwell on 7/20/2021

This Single-Family in Methuen, MA recently sold for $410,000. This Colonial style home was sold by Cheryl Caldwell - William Raveis - The Dolores Person Group.


44 Westland St, Methuen, MA 01844

Single-Family

$379,900
Price
$410,000
Sale Price

7
Rooms
3
Beds
1
Baths
Affordable and Adorable Colonial on dead end street within minutes of shopping and Route I-93. Full enclosed front porch, front hall with Grecian Columns leading to open fire place living room. Updated kitchen with stainless steel appliances, white cabinets and butcher block counter tops. Gorgeous rear deck overlooking private back yard. Cozy, comfortable, move in condition. Sunroom/front porch is unheated. Fabulous opportunity to buy a home at a reasonable price.

Similar Properties





Categories: Sold Homes  


Posted by Cheryl Caldwell on 7/16/2021

You know when you buy a home that your credit score matters, but do you see all of the numbers that matter to your financial picture when youíre buying a home? Your debt-to-income ratio is one of the most critical figures that will influence if you can get a mortgage and what type of rate you can get. 


What Is A Debt-To-Income Ratio?


This number is exactly what it states: the ratio of debt divided by your gross monthly income. Your credit report doesn't include any of this income information. This number is actually the best way to see if youíre living within your means or not. This way, your lender will know your monthly debt payments along with your monthly income.  


If your ratio of debt is high, you may not get a loan or get less desirable interest rates than if you had lower amounts of debt. Even if you have a high credit score, your debt-to-income ratio could affect these things. In reality, a higher debt ratio will make it harder for you to pay back your debt, so itís important to you. 


How Itís Calculated


You can use an online tool to help you calculate your debt-to-income ratio. You can also use a simple formula if youíre up for doing some math yourself:


Divide your monthly debt payments by your monthly gross income then multiply that number by 100. For example:


Student loans: $400

Car loan: $300

Rent: $700

Income: $4,000 


1400/4000= 0.35 x 100= 35%


Household Ratio


You should also be aware of something called your household ratio. The household is the amount of home-related expenses which includes property taxes, prospective mortgage, home insurance, and more. These costs are divided by your monthly income to get this ratio as well. Obviously, your household debt adds to your financial commitments and is also put into consideration by your lender.    



Whatís A Good Debt-To-Income Ratio?


Itís ideal that you keep your ratio less than 36%. Your household ratio should be even lower than this. Itís great to be debt free, but in the real world, thatís not always possible. Your best bet is to be responsible with your finances and work on paying your debt down as much as you can. Then, little by little all of the critical numbers that are required to get a mortgage will fall into place.  

    






Posted by Cheryl Caldwell on 7/15/2021

This Condo in Newburyport, MA recently sold for $741,000. This Townhouse style home was sold by Cheryl Caldwell - William Raveis - The Dolores Person Group.


19 Johnson St, Newburyport, MA 01950

Condo

$685,000
Price
$741,000
Sale Price

8
Rooms
3
Beds
3/1
Full/Half Baths
THE SEARCH IS OVER! This contemporary townhouse condo provides all of the conveniences of condo living with the feel of a single family home. Designed to take in the lush landscape surrounding the property, the 2 building, 4 unit association is situated on a rare 1 acre lot providing an estate like feel with multiple decks from which to enjoy the setting. The floor plan and staircase are open concept allowing the walls of windows and glass sliders to flood the unit with natural light. 1st floor offers a fireplaced living room, kitchen, dining area, 1/2 bath with laundry. 3 spacious bedrooms each provide en-suite baths on the 2nd & 3rd floors. Lower level family room with sliders leading to the back yard and bonus office. Spacious mahogany decks on both the 1st and 3rd floors bring the outdoors in. Over $200,000 worth of improvements (see attached list). Ideally located in the heart of Newburyport steps to schools & minutes to downtown. Low condo fee of $700/quarter, pet friendly!

Similar Properties





Tags: Newburyport   Real Estate   01950   Condo  
Categories: Sold Homes  


Posted by Cheryl Caldwell on 7/15/2021


61 Carter St, Newburyport, MA 01950

Condo

$895,000
Price

7
Rooms
3
Beds
2/1
Full/Half Baths
STUNNING attached condominium that lives like a single family home! With generous ceiling height, excellent floor plan and walls of windows, the space lives much larger than it's square footage suggests. Open concept kitchen, living, dining area is the heart of the home - Carrara marble and honed granite countertops grace the kitchen, gas fireplace in living room surrounded by built in cabinetry and bookshelves adorn the living room. Huge master bedroom suite, additional full bath and 2 generous guest bedrooms on 2nd floor. Exquisite tray ceiling detail, wainscoting, warm cherry hardwood flooring throughout, custom wood shutters, central AC, ample closet and storage space throughout with full unfinished basement. Private and spacious patio area with gorgeous hardscape, irrigation and mature plantings is completely unexpected and adds so much to the enjoyment of this in-town gem. 1 car parking, pet friendly!
Open House
No scheduled Open Houses

Similar Properties





Tags: Newburyport   Real Estate   01950   Condo  
Categories: New Homes  


Posted by Cheryl Caldwell on 7/9/2021

For a buyer who is interested in learning more about a residence, it may be beneficial to set up a house showing. In fact, there are many reasons why now may be a good time to schedule a home showing, such as:

1. You can determine if a home is right for you.

Many houses are available in cities and towns nationwide, and as such, differentiating a good home from a great one sometimes can be difficult. Fortunately, a home showing offers a worry-free opportunity to get an up-close look at a residence. And after a showing is complete, you can decide whether a house matches your expectations.

During a home showing, a seller's agent can respond to any of your house concerns and questions. This agent also can provide details about why a seller has listed his or her residence, as well as other information about a home that you may be unable to obtain elsewhere.

Of course, if you are satisfied with a home following a showing, you can submit an offer to purchase this residence. Or, if you find that a home fails to meet your expectations, you can continue your pursuit of your dream house.

2. You can compare and contrast similar houses.

A home showing provides a valuable learning opportunity, as it enables you to compare and contrast houses against one another. If you set up multiple home showings, you may be able to review a wide range of residences in a short period of time.

You can set up as many home showings as you want, too. Therefore, if you find you still have questions about a house after a showing, there is no need to stress. Simply schedule a follow-up showing, and you can take a second look at a residence at your convenience.

3. You can make an informed homebuying decision.

As a homebuyer, it is important to gain as much information about a house as possible. And if you believe a home may be your dream residence, there is no harm in setting up a showing. That way, you can view a residence in-person and make an informed decision about whether to proceed with an offer to purchase.

Pursuing a home may be challenging, regardless of whether you are interested in buying a home for the first time or have purchased residences in the past. If you collaborate with a real estate agent, you can receive comprehensive support as you search for your ideal house.

A real estate agent can help you schedule home showings and weigh the pros and cons of different residences. Plus, if you find a home you want to buy, a real estate agent will help you craft a competitive offer to purchase this residence.

Want to accelerate your quest to acquire your ideal home? Schedule a showing today Ė you'll be glad you did. Because if you allocate time and resources to view a residence in-person, you may discover your dream home.




Categories: Buying a Home   buying tips   showing  




Tags