Deborah Byrne - Berkshire Hathaway HomeServices Verani Realty Somerville
Accolades include: Government Certified, Performance Certified,Top 4% Sales Nationwide, Chairmans Circle, Presidents Circle, Relocation Director, Notary Public, Realtor®, CRS, CBR, CDPE, LMC, Energy Star Certification, Foreclosures MASS Certification, AHWD, CSP, SRES and RECS Top Producer in Massachusetts Awards
617-201-4730 | dbyrne2510@yahoo.com


Posted by Deborah Byrne on 6/18/2018

Motivating yourself to be more frugal and manage your money more effectively can be very challenging!

One strategy that may help is to focus on multiple benefits, rather that just the most obvious or immediate one. A prime example is using your car less often. Although the price of gasoline isn't as steep as it used to be, daily use of your automobile could easily result in less money in your pocket (or bank account) at the end of the month. While many of us are in the habit of jumping in our car every time we need to pick up a few odds and ends at the corner drugstore or neighborhood supermarket, you'll invariably save money --and often enjoy other benefits-- if you consider alternatives to automobile use.

  1. Walk instead of drive. If you're fortunate enough to live relatively close to stores that you frequent, you could save money on gas and automobile maintenance by putting on your walking shoes more often and hoofing it. As a secondary benefit, you'd also be getting exercise, burning calories, getting fresh air, and taking in some essential vitamin D from the sun. By taking steps to maintain your health, you'll also have more energy, be more productive, and tend to miss fewer days of work. Not everyone lives close enough to local stores to be able to walk there on a regular basis (or at all), but for those who do, there are many advantages.
  2. Carpool to work. This option doesn't occur to everyone because, among other things, we're creatures of habit. We get in the well-worn habit of driving back and forth to work by ourselves, every day, and we don't stop to think that there is a money-saving alternative. When you share the cost and responsibility of driving, you're literally cutting your commuting expenses in half. You're also getting a break from the stress and tedium of commuting in rush-hour traffic. Having someone to talk to during the drive can also make the trip go by much faster -- assuming you enjoy the company of your carpooling companion(s)!
  3. Public transportation may be a viable alternative. If you happen to live and work in an urban environment, you may already be availing yourself of the benefits of public transportation. In addition to saving money on gas and avoiding driving-related stress, there's the added benefit of being able to read a book, listen to relaxing music, or prepare for a presentation on your way in.
  4. Telecommute whenever possible. More and more employers are helping themselves and their employees save money by offering work-from-home options. If you have the opportunity to telecommute a couple days a week, the savings in gas, wear-and-tear on your car, and the cost of lunches out can add up quickly!

If it looks like you're filling up your gas tank every time you turn around, not to mention burning through your paycheck too fast, then finding ways to reduce gas consumption may be one way to stretch your dollar farther.





Posted by Deborah Byrne on 6/11/2018

Adding your residence to the housing market can be tricky. And for those who are unprepared for the potential pitfalls of the real estate market, it may be difficult to get the best results from the home selling journey.

Fortunately, we're here to teach you about the housing market so you can understand what it takes to optimize the value of your home.

To better understand the ins and outs of the real estate market, let's take a look at three common misconceptions that are frequently associated with selling a house.

1. Your home has increased in value since you initially purchased it.

What you paid for your house a few years ago is unlikely to match what it is worth today. As such, it is important for a home seller to understand the current state of the real estate so he or she can price a residence accordingly.

A home seller should look at the prices of comparable residences before adding his or her home to the housing market. By doing so, this home seller can see how his or her residence stacks up against the competition and price it based on the current housing market's conditions.

Also, a home seller should complete a property appraisal. This evaluation allows a home seller to receive expert insights into a house's pros and cons. Plus, a home appraisal ensures a property seller can prioritize myriad home improvement projects to help boost a house's value.

2. You should have no trouble stirring up plenty of interest in your house.

Although a home seller enjoys his or her residence, there is no guarantee that homebuyers will feel the same way. Therefore, a home seller should allocate the necessary time and resources to enhance a property's appearance both inside and out.

Completing simple home exterior improvement projects like mowing the front lawn and clearing dirt and debris from the walkways can make a world of difference in homebuyers' eyes. These home exterior improvements will help you bolster your house's curb appeal and boosts your residence's chances of making a positive first impression on homebuyers.

In addition, don't forget to declutter your residence's interior as much as possible. This will make it easy for homebuyers to imagine what life may be like if they purchase your home.

3. You don't need support from a real estate agent.

When it comes to selling your residence, it is always better to err on the side of caution. With a real estate agent at your side, you may be able to accelerate the home selling process and improve your chances of maximizing the value of your house.

A real estate agent will help you manage challenges throughout the home selling process. He or she will show you how to list your residence and promote it to the right groups of homebuyers, along with provide comprehensive responses to your home selling questions.

Employ a real estate agent to guide you along the home selling process – you'll be happy you did. A real estate agent will do everything possible to ensure you can sell your residence quickly and effortlessly.




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Posted by Deborah Byrne on 6/9/2018

Beautiful spacious Colonial with high ceilings, gracious foyer with newer maple floors and amazing open bright kitchen. Entertain on your custom newer deck overlooking a huge yard with a sprinkler system and a garage. Location is incredible short walk to T, close to restaurants, schools, shopping and easy access to highways! Like to go for a walk; short distance to Lake Quannapowitt which also offer sailing fishing and wonderful festivities. This beautiful property is bright and serene and great for entertaining. Gas conversion 4 years old, 5 year old hot water heater; newer roof and bath, there is a security system. OPEN HOUSE SUNDAY 6/10 FROM 12-1;30 ALL OFFERS DUE TUESDAY 6/12 BY 4 P.M.

More Info on this Property | New Listing Alerts




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Posted by Deborah Byrne on 6/4/2018

Closing costs are usually an unavoidable part of buying a home. While there are ways to reduce some closing costs and fees, they are an expense you will likely have to consider when it comes time to save for a home.

On average, buyers can expect to pay between 2 and 5 percent of the purchase price in closing costs and fees.

In this article, we’re going to break down those costs and talk about some ways to plan for, or limit, the fees associated with closing on a home.

A breakdown of closing costs

Most closing costs in a real estate transaction are paid for by the buyer. When getting approved for a mortgage, your lender is required to provide you with an estimate of the closing costs. This is called a “Closing Disclosure statement” which overviews the details of your loan.

Different lenders will charge varying amounts in fees. Some are even willing to waive certain fees. But, we’ll discuss that later.

For now, let’s focus on the closing costs buyers typically have to pay:

  • Attorney fees - a flat-fee or hourly rate depending on the attorney

  • Origination fees - an upfront fee charged by the lender for processing your mortgage application

  • Prepaid interest or discount points - a payment for the interest that will accrue on your mortgage from the time you close until your first mortgage payment is due

  • Home inspection fee - the fee that a professional home inspector charges to inspect a home

  • Escrow deposits - Usually split with the seller, this is the fee charged by an escrow agent

  • Recording fees - fees for legally recording the new deed and mortgage

  • Underwriting fees - fees paid to the lender for researching your mortgage case and determining whether or not to approve your application

These are just some of the many fees that can be due upon closing on a home. Depending on where you live, which lender you choose, and the type of mortgage you secure, your closing costs will vary, so it’s a good idea to shop around for a lender and mortgage type with reasonable closing costs.

Reducing closing costs

Some lenders offer no-cost, or low-cost mortgages. However, these savings often come with a higher interest rate which, over the lifespan of your loan, can cost you more in the long run.

You should also be aware of the different loan types that you may be eligible for. FHA loans, USDA loans, and VA loans are all designed for buyers hoping to make lower down payments on their home.

Each loan type provides different amounts due at closing. Fortunately, your mortgage lender will be able to give you an estimate of costs for each loan type.

Want to get an estimate of the closing costs you’ll have to pay when you buy a home? You can use this online calculator to see an average.




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Posted by Deborah Byrne on 5/28/2018

If you’re looking to buy a new home anytime soon, getting your finances in order is an excellent first step to getting the keys to your dream property. No matter where you want to buy a home, your financial picture is the most critical aspect of buying a home. Read on for some tips to get you financially prepared to buy a house.


Set A Savings Goal


Buying a property will require a significant amount of money up front. From closing costs to the down payment, you need to set a specific amount to save up before you even get out on the house hunt. 


Break your savings goal down by month over a yearly number if you have multiple years before you buy. 


Have A Specific Account For Savings


If you don’t see it, you won’t spend it. Tuck all of your savings in one account. Use automatic transfers to make saving from your paycheck easier and seamless. Before you even check your account, you’re on your way to your savings goals. You may not want to keep your money in higher yield accounts. These may not allow you to take the money out when you need it. Take the time to shop interest rates on savings accounts at different banks. Some may even offer a bonus. Just remember always to pay yourself first. Don’t be tempted to spend the money that you have saved.    


Rethink Your Budget


Depending on the amount that you want to save to buy a home, you may need to cut costs significantly. Take the time to do a budget and see where you may be able to cut down on costs. Should you cut the cord on cable? Are you going out to restaurants too often? Another idea is to call your phone company and other utility providers and ask about discounts. You may need to make some lifestyle and budgeting adjustments in order to get on your way to your dream home.


Use Gifts Wisely


Did you get a big Christmas bonus from work? Did a relative give you a monetary gift for your birthday? Take all of the extra cash and stash it away in the account that’s dedicated to your home savings. It will only help you to achieve your goals faster.


Keep Your Accounts Stable


Before your loan can close and the keys to your dream home are yours, you’ll need to make sure you don’t make any significant purchases. You need a paper trail for all of your money. Before you buy a home is not the time to go nuts and buy furniture or buy a car. These things can affect both your credit and debt-to-income-ratio.   

      





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