Coldwell Banker Murray Real Estate, Inc

Posted by Coldwell Banker Murray Real Estate, Inc on 1/23/2018

Your credit score can play a major role in your ability to get the financing that you need to buy a house. As such, you'll want to do everything possible to improve your credit score before you enter the real estate market.

Now, let's take a look at three quick, easy ways to boost your credit score.

1. Pay Off Debt As Quickly As Possible

Get a copy of your credit report from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). You are entitled to one free copy of your credit report annually from each credit reporting bureau, and you should take advantage of this perk so that you can learn about your outstanding debt.

If you have lots of outstanding debt, you'll want to start paying this off as quickly as possible. Because the less debt that you have, the more likely it becomes that you can get a favorable mortgage from a credit union or bank.

Don't wait to begin paying off outstanding debt. If you pay off even a small portion of your outstanding debt regularly, you can move closer to getting the financing that you need to acquire a terrific house.

2. Avoid New Credit Cards

A low credit score can be worrisome, and it may cause you to consider a variety of options to manage outstanding debt. However, if your credit score is low, there is no need to take out additional credit cards.

New credit cards may seem like viable short-term options to help you cover various expenses while you pay off assorted outstanding debt. But these cards are unlikely to help you resolve the biggest problem Ė paying off your outstanding debt to bolster your credit score.

Instead of signing up for new credit cards, it often helps to cut back on non-essential bills. For instance, if you don't need cable, you may be able to eliminate this expense and use the money that you save to pay off outstanding debt. Or, if you have first-rate items that you don't need, you may want to sell these items and use the profits to pay off myriad bills.

3. Keep Your Credit Card Balances Low

Once you have paid off your outstanding debt, you'll want to keep your credit card balances low.

It often helps to have one credit card that you can use in emergencies. If you keep one credit card and get rid of any others, you may be better equipped than ever before to maintain a high credit score.

Lastly, if you require additional assistance as you prepare to kick off a home search, you may want to work with a real estate agent. This housing market professional can help you narrow your home search to residences that fall within a specific price range. That way, you can avoid the risk of spending too much to acquire a house.

Increase your credit score Ė use the aforementioned tips, and you can raise your credit score before you launch a home search.

Posted by Coldwell Banker Murray Real Estate, Inc on 1/16/2018

Once youíre ready to sell your home, you want to be sure that your home is smelling fresh. Thereís a few sneaky odors that can creep into your home for various reasons. The consequences of horrible smells when youíre selling your home are really not good. Read on to prevent funky odors from turning off buyers from your home. 

Food Thatís Past Fresh

Whether your garbage disposal is a bit clogged and could use a cleaning or your fridge hasnít been purged in awhile, these things could be causing a stink. Make sure you stay on top of leftovers and take care of anything that may be in the refrigerator for too long. 

Clean your garbage disposal often. Itís simple to make a ďvolcanoĒ by throwing some baking soda down there and then pouring vinegar over it, allowing everything in the disposal to bubble up. You can even put a lemon or lemon juice in the disposal in order keep a good smell going.

That Wet Dog Smell

Any kind of animal will leave some sort of odor in your home. Whether you have a dog, a hamster, birds, or cats, youíre going to need to freshen up your space. Keep the litter box changed and add some baking soda for a bit of freshness. Make sure to remove any stains on your carpets or floors as well. If a piece of furniture or a carpet is to blame for the strong odors, you may need to remove that piece from your home completely to get the stench out. 

Your Air Conditioning Smells Bad

Since water can build up inside of your air conditioning unit, sometimes, a bit of maintenance is necessary. AC units must be cleaned regularly in order to keep strange smells away. 

Something Smells Musty

A musty smell usually spells a water leak. Whether itís in your basement or under your sink, you need to correct leaks in order to get to the root cause of musty smells.

Clean A Carpet With Vodka

You can put some cheap vodka in a spray bottle in order to clean a carpet. This technique can be used for more troublesome areas of the rug. As the alcohol evaporates, so wonít the odors that are filling your home. 

The Air In Your Home Is Stagnant

When the air in your home smells kind of stale, youíll need to get the air circulation back in the house again. This can be easily remedied just by opening the windows. Even if itís cold outside, itís good to get the air circulating in your house again. This simple action effectively changes the air in your home without any fancy chemicals or techniques.

Posted by Coldwell Banker Murray Real Estate, Inc on 1/9/2018

When you're buying or selling a house, there's a lot riding on your choice of a real estate agent. The right one can help you sail through the process with a minimum of frustration and setbacks. The wrong one can cost you precious time, money, and opportunities. Although things like experience, credentials, and track record are key factors to consider, personality and "chemistry" are vital elements of a successful and productive working relationship. Measuring these qualities can be a little tricky, but if the agent makes you feel comfortable, listened to, and optimistic, then they're a good prospect for your "short list." While it is possible that the first real estate agent you interview will be a perfect match for your needs, goals, and personality, it's generally advisable to meet with at least two agents or Realtors before making your final choice. Having more than one point of reference helps you make the best, most informed decision. Other than measurable criteria, such as recent sales, how long those properties were on the market, and how many listings they currently have, here are a few personal traits worth paying attention to:

  • Excellent communication skills: This can run the gamut from being an attentive listener to having the ability to describe complex things to you in a way you can understand. This trait is especially important if you're a first-time home buyer or seller, and are relatively unfamiliar with the hurdles, requirements, and steps involved in qualifying for a mortgage, marketing a property, finding properties that meet your expectations (if you're in the market), and closing on a real estate sale.
  • A positive attitude: While you don't necessarily want a real estate agent who is always looking at the world through rose-colored glasses (unrealistically), you do want to be working with someone who focuses on solutions, rather then problems. Let's face it: The search for your dream home or the ideal buyer for an existing home can sometimes be a bumpy ride. That's why it's important to pick an agent who is proactive, resourceful, optimistic, and results oriented.
  • Responsive and accessible: A crucial thing to find out in your initial meeting with a real estate agent or Realtor is their preferred method of being contacted and how long they usually take to respond to phone messages and emails. The other side of the coin is the frequency with which they plan on contacting you with updates, progress reports, and reminders. Effective communication is always a two-way street, so if the conversation feels like they're talking at you, rather than to you, then you might want to point your search in another direction.
If all else fails and you're still not sure who would be the best real estate agent for your sale or purchase, then talking to a couple of the agents' past or present clients could be the deciding factor. Asking prospective agents for references and taking the time to contact a couple of them could reveal major strengths or shortcomings that you have yet to discover -- and would like to know.

Posted by Coldwell Banker Murray Real Estate, Inc on 1/6/2018

This Single-Family in Dennis, MA recently sold for $285,000. This Cottage style home was sold by - Coldwell Banker Murray Real Estate, Inc.

8 Ocean Park West , Dennis, MA 02639



Sale Price

Total Rooms
Steps to PRIVATE well maintained beach from this updated 2 bedroom cottage. Located w/in Dennis Seashores condos, this FULLY furnished cottage is turnkey ready and waiting for you to rent or enjoy. The cottage boasts an excellent weekly rental history with upside to rent in the shoulder season if desired. Rentals and property are managed by Dennis Seashores management and are included in the association fees. Cottage has a spacious living room with wood burning fireplace which leads into a full dining room. The outdoor deck is perfect for entertaining or relaxing. Cottage sits on the well manicured grassy area of the property. Enjoy a few weeks for yourself and let the rest of the weeks pay for your home away from home. 2018 summer rentals already reserved!

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Categories: Sold Homes  

Posted by Coldwell Banker Murray Real Estate, Inc on 1/2/2018

If youíre hoping to buy a house in the near future, youíll want to focus on saving for a down payment.

Down payments are a way to let a lender know that you are a low-risk investment, and a way to save money on interest over the term of your loan.

If you have your other finances in order--a good credit score and stable income--thereís a good chance that making a 20% or more down payment will land you a low interest rate that can save you thousands while you pay off your loan.

How large should my down payment be?

The larger the down payment you can afford, the more money youíll likely save in the long run. While there are ways to get a loan with no or very small down payments, these arenít always ideal.

First, if you put less than 20% down on your home loan, youíll be required to pay private mortgage insurance, or PMI. These are monthly payments that you make in addition to the interest that is accrued on your loan.

So, if you donít put any money down on your home, youíll accrue more interest over your term length and youíll pay PMI on top of that.

What affects your minimum down payment amount?

Lenders take a number of factors into consideration when determining your risk. If youíre eligible for a first-time home owners loan, a veteranís loan, or a USDA loan, your loan can be guaranteed by the government. This means you can likely pay a lower down payment while still receiving a reasonable interest rate.

When applying for a mortgage, be sure to reach out to multiple lenders and shop around for the rates that work for you. Many lenders use slightly different criteria to determine your eligibility to pay a lower down payment.

Other things that affect your minimum down payment include:

  • Credit score

  • Location of the home you want to buy

  • Value of the mortgage

Saving for a down payment

Youíll get the most value out of your mortgage if you put more money down. However, if youíre currently living in a high-rent area, it could mean that itís in your best interest to get out of your apartment and start building equity in the form of homeownership.

If you want to buy a home within the next year or two, there are a few ways you can help increase your savings.

First, determine how much you need to save. Depending on your housing needs and the current market, everyone will have different requirements. Do some home shopping in your area online and look for homes that are within your spending limits. Remember that you shouldnít spend more than 30% of your monthly income on housing (mortgage, property taxes, etc.)

Next, find out what a 20% down payment on that home would be, adjusting for inflation.

Once you have the amount you need to save, remember to leave yourself enough of an emergency fund in your savings account to last you a month or two.

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