Millennium Realty



Posted by Millennium Realty on 7/9/2020

Photo by p_kennedy123 via Pixabay

You don't have to be an interior designer to bring color and life into a home when you put it on the market. And you certainly don't have to drop thousands of dollars to hire a professional stager, either. For most properties, a few staging basics can make all the difference between a hollow, echoing home and one that prospective buyers can actually imagine living in.

These top tips won't cost you much money, time or effort, but they can make a big impact. 

1. Hang up towels. 

Colorful, soft towels on the racks in the bathroom soften the space's edges and make it feel like an actual washroom. The same goes for the kitchen: choose a few simple, trendy tea towels to hang up in the kitchen to soften up the space. If there's a space to hang a towel, fill it. 

2. Place a few rugs. 

An empty living area will always benefit from a large rug, even if you're not staging with any furniture. A mostly-white space can take a colorful, trendy rug, so don't hesitate to choose something lively to make your living room feel a little more alive. A rug in the kitchen and bathrooms can also work wonders for those rooms. 

3. Add some color. 

Toss a colorful throw across the foot of a bed. Place a bowl of fruit on the kitchen island. Add a few fresh flowers to a vase in each bathroom. These small touches don't cost much, but add a personal touch that transforms the way visitors view a space. 

4. Put a wreath on the front door and a new doormat at the entrance. 

An in-season wreath or "welcome home" sign feels far more homey than a blank door with a realtor's lock gracing the doorknob. Add a fresh, new door mat and a large potted plant if you have room for it, and suddenly you've created a warm, welcoming entryway. 

5. Minimize. 

When in doubt, go with less. This is particularly important--and challenging--if you're selling your primary residence. You'll want your space to be as neat, clutter-free and open as possible. Box up excess stuff and put it in storage if necessary so your closets and storage spaces aren't filled to capacity. 

If you find yourself listing multiple properties at a time, you'll quickly develop a quick-staging system--and a collection of a few key items you can use to stage practically any home you list.

Here's an added caveat about hiring a pro. Look at comps in your neighborhood as you firm up your approach for your property. Historic homes and niche homes in choice neighborhoods sometimes all but require a full staging to appeal to the buyers you want to attract. If you're certain it's worth it, by all means, make the investment. Otherwise, mini-stage it yourself using the tips above, and wait for the offers to roll in. 




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Posted by Millennium Realty on 7/7/2020


19 Hoyle Cir, Blackstone, MA 01504

Condo

$154,900
Price

4
Rooms
1
Beds
1
Baths
Well maintained and immaculate beauty at Castle Hill. Move right in and enjoy one floor living. This beautiful unit features central air, solid oak kitchen cabinets, pristine tile floors and neutral color wall to wall carpet. Enjoy the tranquility of your private deck that overlooks a natural wooded area. All appliances are included sale. Plenty of closets, plus storage space in the common garage area.
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No scheduled Open Houses






Tags: Real Estate   Condo   Blackstone   01504  
Categories: New Homes  


Posted by Millennium Realty on 7/7/2020


4 Brousseau Drive, Upton, MA 01568

Single-Family

$599,900
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Desireable Goss Pond Estates! Very special home located in a great neighborhood is ready for new owners. Great Floor Plan for Entertaining. Spacious Kitchen with sliders to deck overlooks private rear yard. and is just steps away from the Formal Dining Room. Eye-Catching Family Room accented by Skylights and Fireplace is a show stopper with room for everyone. Downstairs Sound Proofed Media Center includes 144" Wide Screen, 7 speaker surround sound and all the necessary components for the latest screening,! 2nd Floor provides Master Suite, 3 additional bedrooms and full walk-up to attic. Updated Furnace and Holding Tank. 16 Zone Sprinkler.
Open House
No scheduled Open Houses

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Tags: Real Estate   Single-Family   Upton   01568  
Categories: Price Change  


Posted by Millennium Realty on 7/3/2020


116 Richard Road, Leominster, MA 01453

Condo

$299,900
Price

5
Rooms
3
Beds
2
Baths
South End Woods condo! Ready to move in. Desirable open floor plan and living on one level. Lots of storage with stainless appliances, granite counter-tops in the kitchen which leads to spacious living area. Great for entertaining! Master with walk-in closet. Laundry on main level. Lower level leads to two-car garage, large partially finished basement with area ready for bathroom and additional room. Could be used as office or whatever you can imagine. Sitting room/mud room on this level. This neighborhood is close to shopping, entertainment and public transportation.
Open House
No scheduled Open Houses

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Tags: Real Estate   Condo   Leominster   01453  
Categories: New Homes  


Posted by Millennium Realty on 7/2/2020

Photo by Bruce Clark from Pexels

The Federal Housing Finance Agency (FHFA) limits how much you can borrow to buy a house. If you want to take out a mortgage that is above the limits, you have to apply for a jumbo mortgage. As of mid-2019, the limits were increased to $484,350 for most of the country. Some places – states and counties – have a higher limit of $726,525. Those areas are places that have higher home values, and include Guam, Alaska, the U.S. Virgin Islands and Hawaii, among other places. Loans under those values are conforming loans, and those over are non-conforming loans.

Credit Risk

Because jumbo loans are riskier, the applicant has to jump through more hoops to get one. The major hoop is that your credit score must be higher. Most jumbo lenders require you to have a credit score of at least 680, though some require you to have a credit score of at least 720 or higher. Jumbo loans are riskier because they are not backed by Freddie Mac or Fannie Mae, and because of the obvious — the lender is lending more money.

Additionally, your debt-to-income (DTI) must be lower than 43 percent, though some lenders will refuse to give you a jumbo loan unless your DTI is lower than 36 percent. Your debt-to-income ratio is the difference between your income and the amount you pay out in liabilities, including the mortgage.

Another common requirement of a jumbo mortgage is that you have to have cash on hand to cover a certain number of payments. Some lenders could require as much as six months of reserves.

Mortgage Rates

Often, the APR on jumbo loans is higher than it is on conforming loans because of the extra risk involved in that type of loan. However, interest rates dropped in the second quarter of 2019 for jumbo loans, so you could get this type of mortgage for as low as 3.8 percent. If you are applying for a jumbo loan, be sure you check the requirements and rates of several lenders.

Jumbo Mortgage Down Payments

Previously, a lender might have required you to come up with at least 30 percent down payment for a jumbo loan. However, with the better economy, some jumbo lenders have loosened their restrictions, including lowering the amount of a down payment to as low as 10 percent. Again, if you prefer a lower down payment, shop around. You may also be forced to have private mortgage insurance if your down payment is less than 20 percent.

Tax Breaks

The cap on the mortgage interest deduction is $750,000, so you won’t get a large tax break on a jumbo loan. Make sure you consider that, among the other requirements as set forth above, before you fall in love with a house that requires a jumbo loan.




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