Millennium Realty



Posted by Millennium Realty on 12/2/2021

You may have heard about home warranties, but are unsure of what they are. A home warranty is an excellent addition to your home insurance and has a particular function. When you buy a home, the last thing you want to worry about is things breaking or malfunctioning in the house after you buy it. Buyers fear the expenses they may incur if items in the home start to break down shortly after the property becomes theirs. As a first-time homebuyer, a home warranty can be incredibly helpful since you may need a crash course on home maintenance. 


Depending on what’s the norm for homebuyers locally, either the buyer or the seller will pay for the home warranty. Some sellers pay for warranties up front as an extra assurance to the buyer of the property they’re about to purchase. Sellers also use this as an excellent tactic to “wash their hands” of the property. The buyer won’t need to contact the seller if something goes wrong with the property. A home warranty is a fairly inexpensive way to show buyers that appliances and the home itself have been well taken care of. Occasionally, real estate agents will give buyers a home warranty as a gift for their business. Usually, this is done for higher-end homes. 


Home warranties aren’t very expensive. They usually range in price around a few hundred dollars in cost. The cost is based on a yearly rate and can be renewed each year at a slightly higher premium. 


How Do The Warranties Work?


The warranty provider works with specific companies for different purposes. When the homeowner calls the warranty provider to let them know there’s a problem, the service provider will call the homeowner to make arrangements to fix the problem. If an appliance cannot be repaired, the warranty company may replace the item. There are usually small service fees associated with these repairs and replacements.


Is Anything Not Covered?


A home warranty will not cover numerous items around the house. These items include:


Outdoor fixtures and plumbing

Indoor plumbing fixtures

Pools

Hot tubs

Some appliances may not be covered

Heating system

Water heaters

Cooling system

Fans


Home warranty plans can vary based on your location and the type of policy. Make sure you review what’s covered before you finalize any home warranty. It’s an individual choice that homeowners make to have a peace of mind when moving into a new place.  




Tags: warranty   first home  
Categories: Uncategorized  


Posted by Millennium Realty on 12/1/2021

This Single-Family in Mendon, MA recently sold for $547,000. This Colonial,Gambrel style home was sold by - Millennium Realty.


109 Millville Rd, Mendon, MA 01756

Single-Family

$559,900
Price
$547,000
Sale Price

9
Rooms
4
Beds
2/1
Full/Half Baths
Meticulously maintained and updated Gambrel Colonial is tucked away atop a rise well off the road affording privacy and views of neighboring horses. Beautifully landscaped offering excellent back yard entertaining. Step inside and enjoy generous room sizes and thoughtful touches. Updated kitchen with granite countertops, slow close cabinets and stainless appliances as well as updated baths. Hardwoods on first floor with ceramic tile in the kitchen. Handy laundry room on second floor is another added plus. Central air throughout! Second floor bonus area has a separate entrance is perfect for a professional office for a therapist, accountant or music studio. Primary bedroom boasts an enormous closet. Storage is abundant throughout. Large unfinished, dry basement for your workshop or additional added space. Water system. Electrical panel upgraded for generator use. New roof going on in early November. A super opportunity to live in desirable Mendon. Quick closing possible

Similar Properties





Categories: Sold Homes  


Posted by Millennium Realty on 11/25/2021


Everyone talks about preparing financially to purchase and own a home. However, it’s not always exactly clear how to prepare. Rather than get overwhelmed by details, there are some basic things you can start with in order to get your finances ready for home ownership. Here we will go over the best ways to prepare.

Take Care of Your Credit Score

Unfortunately, there is no quick cure for a low credit score. It’s based on a lot of long-term factors like bill payment history and age of your credit accounts, so it’s difficult to boost your score short term. However, the more you prepare for buying a home, the better—and creating and maintaining good credit habits will help you in the long run. The first thing you can do is sign up for a free credit monitoring service so you are aware of your starting point. You can also identify any errors that might count against you so that you can dispute them. Some other things you can do are:

  • Hold off on opening any new credit cards or loans to avoid “hard inquiries” on your credit

  • Set up auto-payment with any recurring bills to avoid late payments

  • Don’t completely close any old accounts, even if you don’t use them anymore

These are just the basics and while they are general best practices, only consider them in your own credit situation. For detailed financial advice, always consult a professional.

Start Saving for a Down Payment

The down payment on a new home is the largest upfront expense to prepare for. The size of the down payment will depend on the terms of the mortgage you choose, as well as the purchase price of the home. However, most experts recommend aiming for 20% of the price on the home. While the amount you need in the end might be lower, consider the advantages of saving more than not enough. Some simple strategies for saving up for this expense include automatic deposits into savings and redirecting funds you would normally contribute to a retirement fund. Everybody is different, and it’s important to consider the details of your particular financial situation. Hiring a financial advisor who can create a customized savings plan is a great idea for getting the most savings possible.

Look Into First-Time Homebuyer Assistance Programs

Among the myriad loan options available for homebuyers, there are some programs that exist specifically to help first-time homebuyers. There are various forms of financial assistance available, including special mortgages with low interest rates or tax credits. You can usually find these types of programs available through state governments. Take some time to research whether your state offers any financial help in buying your first home — it might surprise you how many opportunities are available.

The financial aspect of buying your first home is complicated and so is saving for it. However, if you follow these general best practices, you’ll be creating a solid foundation for yourself and your financial future.





Posted by Millennium Realty on 11/22/2021

This Single-Family in Milford, MA recently sold for $630,000. This Colonial style home was sold by - Millennium Realty.


311 Purchase St, Milford, MA 01757

Single-Family

$639,900
Price
$630,000
Sale Price

8
Rooms
4
Beds
3/1
Full/Half Baths
Perfectly located just 5 mins from 495, on the corner of a cul-de-sac neighborhood for safe walking. Large enough for multi generational use with two driveways and a fully finished lower level suite complete with Stainless Steel kitchen full bath, living and bed rooms.. Enormous primary bedroom boasts a walk- in closet and sumptuous bath with soaking tub. All bedrooms are generously sized. A bonus for those that requiring office space. Enjoy cooking this holiday season in a beautiful kitchen where the stainless steel appliances are under 2 years old. Move in ready with all new flooring on first floor. Fenced in backyard space is perfect for pets or little ones. There's tons of yard beyond the fencing. Enjoy your morning coffee on the spacious deck (redone in 2019). With winter coming you'll love the heated garage and the added warmth of the pellet stove in the living room! Previous buyer's cold feet prior to inspections creates the perfect opportunity to be home for the holidays.

Similar Properties





Categories: Sold Homes  


Posted by Millennium Realty on 11/18/2021

If you're on the lookout for your dream house, it pays to operate as a competitive homebuyer. And if you find your ideal residence, you should not hesitate to submit a competitive offer to purchase this house.

Ultimately, there are many reasons why you should submit a competitive offer to acquire your dream house, and these include:

1. You risk alienating a seller.

Dozens of homes are available in cities and towns across the United States, yet an individual's dream house may only be available for a limited time. Therefore, when it comes to submitting an offer to acquire your dream house, it usually is a good idea to put your best foot forward. Because if you submit a "lowball" homebuying proposal, you risk receiving an instant "No" from a seller.

Although you likely want to avoid breaking your budget to purchase your ideal residence, you also should strive to avoid a lowball offer. Fortunately, an informed homebuyer can learn about the local real estate market and use this information to assess the prices of houses in a particular area. And with comprehensive housing market data in hand, this homebuyer can submit an offer to purchase that may match or exceed a seller's expectations.

2. You may lose your dream house to a rival buyer.

Once you discover your dream house, you should submit a competitive offer on it right away. If you wait too long to provide a competitive homebuying proposal, you risk losing your ideal residence to a rival buyer.

Remember, the housing market is fierce, and the top residences typically will sell quickly. But if you submit a competitive offer, you can reduce the likelihood that you'll squander the opportunity to acquire your dream house.

3. You may wind up having to spend more to acquire an alternative house.

The real estate market fluctuates constantly, and failure to submit a competitive offer on a house today may prove to be a costly mistake. In fact, if a buyer's market transforms into a seller's market, you may be forced to pay more to purchase your ideal home in the foreseeable future.

For those who are uncertain about what differentiates a competitive offer to purchase from an ordinary homebuying proposal, there is no need to stress. If you hire a real estate agent, you can get the help you need to submit a competitive homebuying proposal any time you choose.

Generally, a real estate agent will serve as an expert guide throughout the homebuying journey. This housing market professional will teach you about the real estate sector and help you narrow your home search. Then, when you discover your dream house, a real estate agent will help you put together a competitive offer to purchase. He or she will even negotiate with a seller's agent on your behalf to ensure you can get the best price on your dream residence.

Ready to simplify the process of buying a house? Collaborate with a real estate agent today, and you can receive extensive support at each stage of the homebuying journey.




Categories: Uncategorized  




Tags