Stockman Farrar Group - REALTY EXECUTIVES | Waltham, MA Real Estate, Watertown, MA Real Estate


From the time an offer is made on a property, and the deal is done, you may face quite a few challenges. Whether you’re buying or selling a home, the process can be dizzying. There are a lot of things that go on from the time an offer is accepted, and the closing table is reached. The entire process of home buying and selling is designed with built-in protections to help both buyers and sellers avoid feeling a lot of regrets. Below, you’ll find some familiar situations in the buying and selling process, and what’s available to help you avoid disappointment.


Once An Offer Is Accepted, Is It Binding? 


If you were overzealous to accept an offer on the home you’re selling and wish you had looked at others before making a decision, you’re not out of luck. Once you’re under contract, you’re obligated to sell to a buyer. The reason you may want to look at other offers is that it doesn’t hurt to have a “backup” buyer. If something falls through with the first buyer, the second buyer in line becomes automatically under contract. While you may not necessarily sell for more, in this case, there’s a sure way available to help you sell your home fast. 


The Buyer Doesn’t Have The Financing They Thought They Did


If a buyer’s financial backing falls through or if the buyer is unable to get financing by the closing date, as a seller, you can walk away. Any financial changes to the contract that would impact you as a seller including a change in the type of loan, downpayment amount, or any variation from the contract terms allow the seller to end the contract unscathed. 


Something Wasn’t Disclosed About The Property


Not everything is required to be disclosed by a seller. It all depends upon the rules within the state where you are buying. Understand what’s required to be revealed. If you feel uncomfortable with something, you can inquire about it, or add a contingency to have the problem addressed. Things like a death on the property can't be changed, for example. Your state may not even require that these events be disclosed.


The Home Inspection Raised Some Concerns 


If the home inspection reveals some issues that the seller isn’t willing to fix, you have the right as a buyer to walk away. In many cases, these problems would be things like wiring or plumbing issues. 


The Property Appraised For Less Than The Offer


If the property appraises for less than what you offered for the home, you may feel quite upset as a buyer. Don’t worry! There are a few things that you can do. Lenders won’t give you more than what the property appraises for. You can, however, bring more of your own cash to the closing table. You can also wait for the seller to adjust the asking price, or withdraw your offer altogether. The problem with the last solution is that you may lose any earnest money deposits      



This Condo in Quincy, MA recently sold for $276,500. This Hi-Rise style home was sold by Stockman Farrar Group - REALTY EXECUTIVES.


90 Quincy Shore Drive, Quincy, MA 02171

Condo

$282,000
Price
$276,500
Sale Price

3
Rooms
1
Beds
1
Baths
Desirable Sea Winds condo community. Sweet unit, move in condition, third floor one bedroom condo offers nice living room leading to balcony, spacious bedroom with 2 closets and direct access to outside balcony, nice dining area and fully applianced kitchen. There is central air conditioning, wall to wall carpeting, in unit stack washer and dryer, and garage parking. This beautifully maintained amenity packed complex has a fitness room, in ground pool, same floor trash shute, plenty of guest parking and professional management on site. The location can't be beat with easy access to Marina Bay, Wollaston Beach, North Quincy red line T stop, major highways, downtown Boston, as well as plenty of dining and shopping options close by. Don't miss this great opportunity for owner occupant or investor buyer. Showings begin Saturday August 4 12-1:30pm and Sunday August 5 1:30-3pm open houses.

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This Condo in Randolph, MA recently sold for $290,000. This Townhouse style home was sold by Stockman Farrar Group - REALTY EXECUTIVES.


14 Charlotte Ln, Randolph, MA 02368

Condo

$279,900
Price
$290,000
Sale Price

6
Rooms
2
Beds
1/1
Full/Half Baths
Stylish & surprising duplex condo featuring a beautifully finished lower level with its own nicely updated bath and separate entrance that can be additional living, bedroom, home office, den playroom, etc. This unit features central air conditioning, nice neutral decor plus gorgeous hardwood and ceramic tile flooring throughout the first level, and an updated eat in kitchen which leads to a large deck and huge yard. Perfect starter or downsizing home with the same amenities of a single family. There is no condo fee and the owners split the cost of insurance and maintain their own yards. Minutes to shopping, restaurants, theater, public transportation and major routes. First showings at Open house 7/28 and 7/29 12-2p.m.

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You know there are certain household items that need to be replaced regularly. But just how regularly is where things might start to get fuzzy. Especially those big tickets items that need to be replaced on a yearly span rather than months or days. Keep reading to discover how often you need to replace items around the home. Pillows. You want to replace the pillows in your home every couple of years. You’ve probably heard by now that up to a third of a regularly used pillow’s weight can be attributed to dust and dead skin cells. You may not, however, made the connection that a dust filled pillow equals dust mites. While dust mites do not carry communicable diseases, they do pose as an allergy and/or asthma irritant. HVAC filters. During the summer and winter months when your system is working longer hours to maintain your home’s temperatures you will want to change your filters each month. Meanwhile, in the spring and fall, you can do so less frequently, changing it around the three-month mark. Changing your filter regularly will keep your system running efficiently and save you money on energy costs in the long run. Fire extinguisher. You have a fire extinguisher in your home, right? If you don’t I suggest you run out and get one right away. Fire extinguishers can be replaced every ten years, however, they do need to be tested monthly and inspected regularly. Toilet brush. This is one not many homeowners think of, if ever. However, it advisable to replace your toilet brush every six months with regular cleanings in between. As you can image, toilet brushes are host to all kinds of germs and bacteria you don’t want to hang around your home. Toothbrushes. If your family stays on top of their recommended regular teeth cleanings every three months this point shouldn’t be an issue. However, it is one worth mentioning. Your family’s toothbrushes should be replaced every three months as they can develop bacteria that lead to gingivitis and/or tooth decay. And isn’t that what we’re trying to avoid when we brush our teeth? Smoke detectors. It is best practice to proactively replace the batteries in your smoke detector twice a year. With that said it is a good idea to also replace the smoke detector itself every ten years to ensure you have an up to date model. Throughout those ten years, however, you should be regularly testing your alarms. If you have recently moved to a new home and are unsure of how old your smoke alarm system is it is a good idea to plan on replacing them in the near future. Hopefully, you already regularly maintain these items. However, if you can’t remember the last time you have replaced any of the items mentioned you should consider making a plan to invest in some replacements. Making a spreadsheet in your home binder or setting up alerts on your virtual calendar will help you stay on top of the regular maintenance your household items require.

This Single-Family in Dedham, MA recently sold for $465,000. This Ranch style home was sold by Stockman Farrar Group - REALTY EXECUTIVES.


36 Fisher Rd, Dedham, MA 02026

Riverdale

Single-Family

$469,900
Price
$465,000
Sale Price

7
Rooms
2
Beds
2
Baths
Much loved, value packed deceptively spacious ranch in desirable Riverdale section featuring generously sized living room and dining room, hardwood flooring, large updated tiled floor kitchen and peaceful 4 season sun room which leads to a entertainment sized deck, and spectacular custom patio, and level rear yard. There is in-law potential in the finished full basement with separate entrance, a renovated full bath,a laundry/utility room, storage room and attached direct entry garage. Pride of ownership abounds in this lovely home as most systems, upgrades, and improvements have been completed by this owner. Super convenient access to major routes, great shopping and entertainment at Legacy Place and Dedham Mall. First showings at Open houses 7/28 and 7/29 12- 2 p.m.

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