Maureen Giuliano - Classified Realty Group


Classified Realty Group



Posted by Maureen Giuliano on 10/20/2017


The numbers of adult children still living at home with their parents has increased. Reasons why adult children are staying at home longer vary. Some reasons why children are choosing to continue to live with their parents after they graduate from high school or college include lack of employment, not enough income to pay rent or a mortgage and student loans.

Other adult children opt to stay at home with their parents due to physical, psychological or emotional challenges. Fear of failure could also play a factor in why children stay in the nest. As a parent, there are steps that you can take to prepare your children to move out and succeed on their own.

Give your adult children the tools to own their home

Start taking actions to prepare your children for home ownership early. Also, let your children know that they have options. For example, if your children donít want to buy a house, they could rent. The important thing is that your adult children have the confidence to launch.

To teach your children to be confident, allow your children to pick out their own school clothes, starting as early as four or five years old. Listen to your children when they share opinions that differ from your own. Ask your children open-ended questions. Engage them in non-threatening debates to strengthen their ability to research facts and communicate a point of view. Also, encourage your children to make friends and to build their own circle of social and emotional support.

Teach your children how to create a budget. You could show your children how to budget to save money for a new video game or a bike. Donít give your children everything. Let them use their creativity to devise positive ways to get what they want. For example, your children could barter or exchange toys with their friends. They could also sell old video games to game stores, earning enough credits to buy that new game that they really want. They could also operate a lemonade stand, sell newspapers or mow lawns. The important thing is that your children learn early that they can figure out how to generate income and manage money.Knowing that you can generate income and manage money is not enough. Your children have to see that they can succeed at that themselves.

Introduce your children to the stock market. Some schools teach about the stock market by participating in national stock market essays. On your own, you can review nightly market reports with your children. You can also ask your children to research stocks, bonds, equities and treasuries.

Take your children apartment and house shopping. You donít have to buy or rent. What you want is to expose your children to the apartment or house shopping process.Teach your children how to negotiate housing prices and whatís involved in the house buying process. You could start doing this when your children are in the ninth grade. Let them know about closing costs and the difference between fixed and adjustable mortgages.

Make your adult children pay rent to stay at your home. Charge rent similar to what an apartment would charge for a studio apartment. This helps your adult children to learn how to budget in real time. If you notice that your adult children are having difficult launching, consider raising the rent. Also, let your adult children pay for their own cell phone, food, clothes, car note, car insurance, entertainment and utilities.

As much as you may want to, you might not be able to support your adult children for the remainder of their lives. By teaching your adult children to exercise courage and to be self-confident, you could set your adult children up for success. This can take a lot of pressure and worry off of you. It can also give your children the tools to step into careers that they are passionate about, manage their finances and rent or buy homes that support their lifestyle.




Categories: Uncategorized  


Posted by Maureen Giuliano on 10/13/2017


1 1ST STREET, North Reading, MA 01864

Single-Family

$329,000
Price

5
Rooms
3
Beds
1
Baths
NORTH READING FOR $350,000!!! Chip & Joanna Gaines would love to get their hands on this one! UPDATE THIS HOME OR BUILD NEW on BEAUTIFUL WOODED 1.5 ACRE LOT of total privacy on a DEAD END STREET. BUILDERS/CONTRACTORS NO BUILDER TIE IN. NEW 4 bedroom septic design available.
Open House
Sunday
October 15 at 11:30 AM to 1:00 PM
Cannot make the Open Houses?
Location: 1 1ST STREET, North Reading, MA 01864    Get Directions






Categories: Open House  


Posted by Maureen Giuliano on 10/13/2017


1 1ST STREET, North Reading, MA 01864

Single-Family

$329,000
Price

5
Rooms
3
Beds
1
Baths
NORTH READING FOR $350,000!!! Chip & Joanna Gaines would love to get their hands on this one! UPDATE THIS HOME OR BUILD NEW on BEAUTIFUL WOODED 1.5 ACRE LOT of total privacy on a DEAD END STREET. BUILDERS/CONTRACTORS NO BUILDER TIE IN. NEW 4 bedroom septic design available.
Open House
No scheduled Open Houses






Categories: Price Change  


Posted by Maureen Giuliano on 10/13/2017

Sometimes, being in the hunt for a home feels like being in a race you canít win. You should craft an offer that they cant refuse in order to get ahead on the house hunt. The real estate market can be hot or cold. No matter what the market is like, having a solid offer can be very beneficial to you as a buyer. Hereís some tips for you to get the offer you make accepted:


Get Preapproved


When you get preapproved, youíre showing the seller that youíre a serious buyer. Being preapproved gives you a shorter closing time and helps you to clear any financing hurdles before you get to them.


Avoid Lowball Offers


Make sure that you check out the prices of other homes in the neighborhood. Your real estate agent can help you to do this research. Often, youíll need to offer the asking price or above if itís a sellerís market. If all the research leads you to offer somewhere in the neighborhood of the asking price for a home, youíll want to abide with that.


Too Many Contingencies Turn A Seller Off


The financing contingency is the agreement that is put forth to help a buyer get out of the deal if financing falls through. Youíll need to be sure that you actually have the cash on hand to help you if the appraisal falls short, however. While this isnít recommended, it can give you a leg up in the buying process if you know what youíre doing. 

Another thing that you might consider is waiving the inspection. This does however, remove the ability to be sure that a home is in livable condition. This is another way to give yourself an advantage in the home search process, but itís not recommended. A better way to keep the inspection and streamline the process is to shorten the inspection time by having the inspector ready to go immediately.  


Add A Clause To Increase Your Amount


You are able to add an escalation clause into a deal. This will automatically increase your deal by a predetermined amount if the seller gets more than one offer on the home. Thereís a cap on these deals, so it doesnít work like an auction. Itís a good option and it causes sellers to have to disclose the competing offers. Typically, this wouldnít be the case. The only way youíd be out of the deal is if other offers exceed your cap.


Be Smart With Negotiations


You can offer to pay closing costs and home warranties instead of the seller having to pay them. Costs associated with the closing can be extensive, so offering to pay these fees can be very appealing to the seller. 


Get Personal


Itís difficult for sellers to part with the home that they love. If you get a bit personal and write a letter or send a video message to the sellers, you may often appeal to them on another level. In the letter, you may want to address how well the sellers have taken care of the home and express your desire to continue your life in the home in the same fashion. Many times, this is really a great way to connect with your seller and give you a better chance of getting your offer accepted.




Categories: Uncategorized  


Posted by Maureen Giuliano on 10/6/2017

You may have looked up what the estimate of your homeís value is online. This is purely a number based on what other homes in the neighborhood are selling for. There are some obvious factors that you need to know to calculate your homeís value. These include: how many bedrooms, how much square footage and how much land the home resides on. There are some not so obvious factors that are included in calculating the value of a home. Hereís some things that typically affect a homeís value:


The Street Name


As bizarre as this sounds, itís true. Whatever suffix that your street name ends in can have an impact on the price of a home. ďStreetĒ is less expensive than Boulevard, Road or others. You may even be lucky enough to live on Park Place or Boardwalk!   


Your House Number


People have superstitions and varying beliefs. Whether itís numerology or the fact that you live at an infamously unlucky number house, buyers will be less attracted to your place. This is another one of the stranger factors you must keep in mind when it comes to valuing your home. 


The Neighbors


If you live close to any neighbors, they will play a factor in how much you can get for your home. If your next door neighbor has strange taste in paint color or has built an eccentric shrine in his front yard, potential buyers may be turned off. You canít pick your family. However, if youíre moving you do have a say as to what kind of neighbors youíll surround yourself with. Be prepared for this to affcet your home value if this is the case.   


Trees


Did you know that trees increase the value of your property? When properties are being built, trees are often cleared away. If you have trees around your property that have grown, youíll find that you can get a bit more for your home. Want to add value to your home? Get planting!   


Crown Moldings Are King


People love crown molding. You can put in crown molding as an easy way to add value to your home and be more attractive to buyers. While buyers look for high ceilings, crown molding can certainly be a deal breaker. 


Your Hobbies Are A Buyerís Hobby


If you have anything in your home that buyers love, theyíre more likely to want to buy the home. If youíre a huge football fan, and a buyer comes along with matching interest, you could add some more attention to your home. The reason is that buyers can easily see themselves there due to the shared interest. But, this also has a reverse effect. Not everyone is a football fan. If you want to appeal to a larger pool of buyers, (which you probably do) you may want to get the extensive hobby paraphernalia out of your home before itís shown.


A Crime On The Property


If there was a death on the property or a significant crime, people will be turned off. This will significantly affect the value of your property. Youíll most likely have to reveal the death or the crime in the buyerís disclosure as well based on legal requirements. 


Whatís Nearby?


Whatever is nearby could have a significant effect on your homeís value. Whichever kind of grocery store or restaurants are nearby can really help the value of your home. People love their daily coffee! If thereís a unique coffee shop down the street, or a popular grocery chain, you could be looking at potential gains on the value of your home.