N.B.Taylor & Co., Inc. Realtors



Posted by N.B.Taylor & Co., Inc. Realtors on 2/3/2020

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 Photo by Gerd Altmann via Pixabay

As 2019 draws to a close, people aren't just turning the page on a new year but also a new decade. With a new decade comes new trends in the real estate industry. The 2010s were a time of drastic shifts in the real estate market. This new decade is sure to be more of the same. As a result, there are a few trends for 2020 that everyone should note.

What the Current Generation Desires

While there are people of all ages looking for houses, the majority of people currently looking for homes are members of the millennial generation. Many of these individuals and families are buying a home for the first time. Many members of this generation are looking for something specific in their home. This might be a laundry room, patio, or additional space in the garage. This also means that many people looking for homes care more about these features than they do about the overall size of the home.

Home Prices are Rising Slowly

When the real estate market crashed about ten years ago, many people were concerned. Fortunately, home prices have rebounded since then and the market has stabilized. For now, home prices are continuing to rise; however, they are rising slowly. This means that those who are looking to establish equity in their current home will continue to do so. This also means that anyone who is looking to buy a home might be able to find the house that is right for them at a discounted rate.

Mortgage Rates Remain Low

In addition, mortgage rates are remaining low as well. Mortgage rates bottomed out a few years ago and haven't changed significantly since then. This has led to a boom in the number of people looking to buy a home, providing advantages for both buyers and sellers. Some people thought that with the rapid rise in the number of people buying homes, mortgage rates would start to climb. This hasn't been the case. This is another reason why many people looking to buy a home should try to act quickly. Mortgage rates cannot go much lower.

More Work is Done Online

With more millennials looking to buy a home than ever before, it should come as no surprise that more of the work is shifting to the internet. More people than ever before are looking at listings online. As a result, anyone looking to sell a home should make sure the information on their online listing is accurate. Furthermore, people looking to purchase a home should also check out the internet listings. Of course, make sure to verify that anything posted online is accurate before acting on it!




Categories: Uncategorized  


Posted by N.B.Taylor & Co., Inc. Realtors on 1/27/2020

If you plan to buy a house in the near future, you should try to map out the property buying journey. By doing so, you can identify any potential homebuying hurdles and resolve such issues.

To better understand what to expect when you pursue your dream home, let's take a look at three key questions that every homebuyer needs to consider.

1. Where do I want to live?

There is no shortage of high-quality houses available in cities and towns nationwide. As such, it sometimes can be tough to determine exactly where you want to live due to the sheer volume of available homes.

As a homebuyer, it helps to consider your future plans before you kick off a house search. For example, if you intend to enroll in continuing education courses at a university in a particular city, you may want to focus on homes near the city itself. Or, if you prefer to raise your family in a small town, you should plan your house search accordingly.

Don't forget to craft a list of homebuying criteria too. This list will help you further narrow your home search and focus on properties that have features that match your needs.

2. What can I afford to spend on a house?

Buying a home may prove to be virtually impossible if you fail to obtain a mortgage. Lucky for you, many banks and credit unions offer mortgages to homebuyers and can teach you everything you need to know about home financing.

Meet with a variety of banks and credit unions. That way, you can analyze a broad range of mortgage options and select a mortgage that corresponds to your finances.

In addition, it may be beneficial to get pre-approved for a mortgage. Once you are pre-approved for a mortgage, you can enter the real estate market with a budget in hand.

3. How can I achieve my desired goals?

The homebuying journey can be tough to navigate, regardless of whether you're a first-time or experienced property buyer. But if you collaborate with a real estate agent, you can achieve your desired results in no time at all.

A real estate agent understands what it takes to discover the right house, at the right price, regardless of the housing market's conditions. He or she will allocate time and resources to learn about your homebuying goals and ensure you can purchase a great residence at a budget-friendly price.

Also, a real estate agent will help you streamline your house search. This housing market professional will set up home showings and keep you up to date about open house events. And when you find your ideal home, a real estate agent will make it easy to submit a competitive offer to purchase this residence.

Take the guesswork out of the homebuying journey – work with a real estate agent, and you can receive comprehensive guidance as you pursue your dream home.




Categories: Uncategorized  


Posted by N.B.Taylor & Co., Inc. Realtors on 1/22/2020

This Single-Family in Sudbury, MA recently sold for $382,000. This Ranch style home was sold by - N.B.Taylor & Co., Inc. Realtors.


26 Maplewood Ave, Sudbury, MA 01776

Single-Family

$399,900
Price
$382,000
Sale Price

5
Rooms
2
Beds
1
Baths
Charming ranch home located in a family favorite Sudbury neighborhood. Open floor plan features new painting, walnut floooring, new W/W carpeting, white kitchen cabinetry, tiled bathroom....do not miss the fitted walk-in master closet! French sliders open onto deck, lovely level lot, patio and plantings. Energy-efficient windows, doors & natural gas burning stove. Large attic with pull-down stairs provides plenty of storage. Property extensively renovated including new plumbing and electric 10 years ago. Close by are Soccer fields, playground, "Tot Lot", indoor pool, youth center, Senior center & conservation walking trails!






Categories: Sold Homes  


Posted by N.B.Taylor & Co., Inc. Realtors on 1/20/2020

We live in a world of convenience and endless choices. To watch a TV show, you can find it on cable, Netflix, Amazon Video, Hulu, and more. Sometimes, all of these options make it easy to spend more than necessary on monthly services.

If you’re hoping to buy a home in the near future, one way to save a bit more each month is to cut corners wherever possible.

In today’s post, I’m going to cover some tips that will help you start saving toward the down payment on your first home.

Cutting down on monthly services

They’re enticing, the myriad of entertainment services that we can now take advantage of. For a seemingly low monthly cost you can have hundreds of channels through cable. However, many cable users have noticed that their cable bill keeps creeping up each year and the service doesn’t get any better.

One way to start saving more each month is to ditch cable altogether. For news and the weather, there are many websites available. And, some local news stations stream live on their websites for free.

But, what about watching your favorite TV shows and movies? One of the world’s best kept secrets is that of interlibrary loans. Most public libraries are part of a system that allows you to get books, games, movies, and TV shows shipped to your local library for free. You simply reserve the latest season of Game of Thrones and wait for an email from your library.

Another issue many people have with monthly entertainment services is their tendency to add up. Reassess your monthly bills. If you’re paying for Netflix, Amazon Prime, and Hulu, do you really need all three?

Be smart about your savings

To save effectively, make sure your savings account is seeing a high return on its interest rate. Online banks tend to have higher returns than their brick & mortar counterparts, and most people don’t need to make regular visits to a bank anymore anyway.

Similarly, for credit cards, choose one with cashback rewards. Only use your credit card for necessities, like groceries and gas. Then, pay off each statement in full each month. Once you get your rewards, use them for more groceries and gas or put them in your down payment savings account, if possible.

Don’t forget about CDs (certificates of deposit)

One of the most effective ways of saving for a down payment is a certificate of deposit. CDs are perfect for down payments because you aren’t able to withdraw from them until they have matured--i.e., until you’ve reached your savings goal. They can be set for 6 months, a year, or more, and they tend to have higher returns than savings accounts.


Using a combination of these methods will help you start saving more each month so you can achieve your dream of owning a home sooner.





Posted by N.B.Taylor & Co., Inc. Realtors on 1/13/2020

Photo by TruthSeeker08 via Pixabay

Want to flip a property? You need a team of rock stars on your side. This isn't a one-man show; in general, real estate investors only prosper when they've made connections with real estate agents, lenders, contractors, and other investors at the top of their game, and it's even more crucial when you're flipping one or more properties. Wondering how to make that happen? It's simpler than you might think. 

1. Treat every professional relationship as a mutually-beneficial connection. 

Think beyond the golden rule and keep in mind that everyone who works for or with you is in this business to make money as well. Working with them to benefit you both is the only way to grow your network. It shouldn't need to be said, but here it is: Be kind. Be considerate. Realize that this relationship, whether it's an interaction with a real estate agent, a home inspection, or a contractor, could have huge long-term implications on your future as an investor. True rock stars aren't going to bend over backwards to work with you if they sense you're just out to get what you can out of them. 

2. Professionals who are great at their jobs aren't going to come flocking to you. 

In order to attract industry professionals who are great at their jobs, you need to be great at yours. Do your research, know what you're looking for, and don't be afraid to ask 'stupid' questions; your image will suffer much more for pretending more experience and knowledge than you have. Ask questions; look for recommendations everywhere you go, and as names rise to the top, hire the best to work with you on projects whenever possible. They're likely to be professional, not chummy, and that's a good thing. 

3. Give a little extra when possible.  

An excellent real estate agent can help you scout out the best possible properties to flip--and the best deals. Acknowledge that. If they find you an insanely great deal on a rehab property, consider shooting them a little extra beyond their commission for that property; although that $70,000 duplex might be worth $350,000 by the time you're done with it, your agent's commission will remain rather paltry for the work and digging they put in. By the same token, talk to your contractors their preferences for a project, and cater to their preferences if it's something you don't care that much about. Finding small ways to work in the preferences of others will give you a big step up in their estimation, which can make all the difference in future flips.