Tina McManus' Blog
58 Lakeshore Ave, Beverly, MA 01915
If you plan to add your residence to the housing market soon, now may be a good time to list any unwanted items online. In fact, there are many reasons to sell furniture, decorations or other unwanted items online prior to listing your residence, and these reasons include:
1. You can eliminate clutter from your home.
Excess items may take up lots of space in your residence. As a result, these items may make your home appear small and cluttered.
By listing excess items online, you can give these items a new home. Then, you should have no trouble showing off the true size and beauty of your residence to prospective buyers once you list your house.
2. You can improve your home's overall appearance.
In addition to taking up space in your home, unwanted items may collect dust over time. These items therefore may make your residence look messy and dirty.
On the other hand, selling your unwanted items online gives you an opportunity to transform your home from drab to fab. You can clean items to improve their appearance and showcase them to dozens of prospective buyers online. At the same time, you can clean your residence from top to bottom and ensure your residence is show-ready as soon as you list it.
3. You can earn extra cash.
Selling a home may prove to be costly, particularly for those who need to invest in property repairs or upgrades. Thankfully, listing excess items online allows you to earn extra cash that you can allocate toward the home selling process.
Clearly, there are many reasons to sell items online before you list your house. If you start listing items online today, you may be able to move one step closer to kicking off the property selling journey.
As you get ready to sell your house, you may want to consult with a real estate agent too. If you have a real estate agent at your side, you can receive extensive support from the moment you list your home to the moment you finalize your house sale.
A real estate agent is a home selling expert who will craft a personalized property selling strategy for you. Then, you and your real estate agent can work together to put your plan into action.
Typically, a real estate agent will showcase your residence to potential buyers and keep you up to date with any buyer feedback. If you receive an offer to purchase your home, a real estate agent can provide a recommendation about whether to accept, reject or counter this proposal. And if you approve an offer to purchase, a real estate agent will help you navigate the final stages of the home selling cycle.
When it comes to selling a home and achieving the best possible results, it is crucial to employ a real estate agent. Because if you have a top-notch real estate agent at your disposal, you can boost the likelihood of enjoying a seamless property selling experience.
3 Old Planters Rd, Beverly, MA 01915
If you recently bought or sold a house, it may be only a matter of time before you need to move. Lucky for you, many moving companies are available to help you transport your personal belongings from one destination to the next.
What differentiates a good moving company from a great one? Here are three tips to ensure you can find the perfect company to help you with your upcoming move.
1. Get Multiple Quotes
When it comes to finding a moving company, there is no reason to break your budget. Fortunately, if you shop around, you can select a high-quality moving company that won't force you to overspend.
Reach out to a wide range of moving companies in your city or town. That way, you can receive multiple quotes.
Also, it is important to remember that the lowest price doesn't always guarantee the best service, particularly when it comes to moving companies. And even though price should be a consideration as you evaluate moving companies, it is essential to consider other factors.
The more you research that you perform into all of the moving companies that are available, the better off you will be. With plenty of research in hand, you should have no trouble choosing an affordable moving company that will exceed your expectations.
2. Look at a Moving Company's Experience
No two moving companies are identical, and in most cases, you can enjoy many benefits if you choose a proven moving company over an inexperienced one.
Ultimately, a proven moving company will have sufficient staff on hand to help you transport your belongings to your new address. This company likely employs customer service professionals who are happy to respond to any concerns or questions prior to moving day too.
A proven moving company also can help you alleviate stress as you prep for moving day. This company will go the extra mile to support you in any way possible, and by doing so, ensure you can receive comprehensive assistance when moving day arrives.
3. Ask for Client Referrals
If you're on the fence about a moving company, it certainly won't hurt to ask this business for client referrals.
In many cases, client referrals are difference-makers, particularly if you're struggling to decide between two moving companies.
A moving company should be able to provide you with client referrals at your request. Then, you can reach out to past clients to learn about their experiences with a particular moving company.
Client referrals offer excellent resources as you search for the ideal moving company. In fact, client referrals can provide you with moving company insights that you may struggle to obtain elsewhere.
Lastly, don't hesitate to reach out to your real estate agent for extra help. This housing market professional may be able to put you in touch with a variety of moving companies that can help you relocate your belongings.
Take the guesswork out of selecting a moving company – use the aforementioned tips, and you can find the ideal moving company based on your personal needs and finances.
You’ve been paying off your mortgage for 10 years, building equity while making careful financial decisions to ensure that you’re on track to pay off your mortgage. So, all of those payments are essentially money in the bank for you, right?
Not quite. The equity you’ve built toward is home isn’t really accessible until you either fully pay off the home, sell your home and use your equity toward a down payment, or use it to take out a second mortgage.
In today’s article, we’re going to be talking about second mortgages--what they are, when to use them, and when you should seek out other options. Hopefully, by the end, you’ll be able to make a more informed decision.
What is a second mortgage?
A second mortgage is somewhat deceptively named. The process of taking out a second mortgage revolves around using your equity as collateral toward a second loan. That loan amount doesn’t have to be used toward a home, however. It can be spent pretty much at the discretion of the homeowner, as long as you stay within the spending limits of the loan terms.
Why take out a second mortgage?
Homeowners typically take out a second mortgage when an expense is tossed their way, whether foreseen or unforeseen. It could be a costly house or vehicle repair, a child’s education, or any other large expense that you might not have been aptly prepared for.
Types of second mortgages
There are two main types of second mortgages that homeowners qualify for. First is a standard home equity loan. You receive a fixed-rate loan that usually paid off over a loan term of 15 or 30 years.
The other type of second mortgage is a home equity line of credit (HELOC, for short). A HELOC is similar to a credit card in that you are approved for a certain amount but don’t need to spend the full amount.
Risks of home equity lines of credit
This type of loan is ideal for expenses that you maybe don’t know the full cost of. However, there is an inherent risk in taking on an expense that might go over the credit limit of your HELOC.
Just like with credit cards, interest rates vary. However, the interest rate is linked to something called a “benchmark rate.” When interest rates for the benchmark increase, so do your HELOC rates.
Aside from the variable interest rates, HELOCs can also prove to be difficult to manage for people who are already in credit card debt. So, it’s only recommended that you take out a HELOC if you are sure that you can stay on top of your monthly payments and are in good standing with other credit lenders.
Risks of home equity loans
Standard home equity loans aren’t without their own risks. For one, you’re putting your house on the line when you take out a second mortgage. So, before taking out a home equity loan on a new expense, be sure that you can manage that expense or you could risk losing your home.
Having a second mortgage can also make it difficult to refinance your home loan, which could cost you in the long run if it would otherwise pay off to refinance.
Benefits of second mortgages
Second mortgages do have their time and place. Home equity loans, for example, can help you achieve a lower interest rate than a typical loan if you have a great deal of equity built in your home. This could make the most financial sense over the long term.
Similarly, a HELOC might be a better option than a credit card for homeowners who don’t have a credit score high enough to land them a good interest rate.