Peter Tzannos - REALTY EXECUTIVES



Posted by Peter Tzannos on 2/10/2020

Photo by Vincent Rivaud from Pexels

When you buy a luxury home, you have several options when it comes to paying for the home. While some luxury buyers invest fully in the home and purchase outright, most find that opting for a mortgage of some type keeps options open and reserves capital for other things. Mortgages can be used for high end homes, but not all products are available -- or useful -- for this luxury space. Whether you are buying or selling, knowing what to expect when it comes to financing can help you strike the perfect deal. 

 Conventional Mortgages

Depending on where you live and the cost of the high end home, a conventional mortgage could be all you need. In parts of the country where a huge home in pristine condition still falls within the guidelines of a complying mortgage, this may be your best option. While it may not always work for you, exploring the conventional financing options is an ideal first step. 

Conventional loans are conforming loans – that fall within a specific set of guidelines. You can use a conventional loan for your own residence or for a vacation or investment home. Opting for this type of mortgage could result in lower costs to you (if you have at least 20% equity, you can avoid PMI). If the mortgage for your prospective home is under the limit of $453,100, then you can choose a conventional loan for your home.

That $453,100 limit is for mortgages in most areas, but a few select zip codes in the US allow for an even larger limit. In these high end locations, the limit for a conventional loan is much higher: $679,650. These limits are not the cost of the home itself, but the amount that you can borrow and still qualify for the conventional, conforming loan.

Jumbo Loans

When a conventional loan isn't quite right, or the loan amount for the home in question is over the stated conventional limits of $453 or $679K, then a jumbo loan will work best. These loans are designed for expensive, high end homes and properties and may have more stringent requirements when it comes to down payment amounts and the assets that need to remain on hand after the home purchase.

Aside from the differences in the amount of the loan, a jumbo loan works in a way that is very similar to a conventional loan. Expect to go through an underwriting process, to supply proof of income and to shop around for the best possible rates when you choose this option. 

No matter what product you choose, expect a luxury home mortgage to follow similar steps to a conventional one. Depending on the amount borrowed and the buyer's financial health, the process could take less time than a conventional one. 




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Posted by Peter Tzannos on 2/5/2020


37 Gates, Boston, MA 02127

Condo

$589,000
Price

4
Rooms
1
Beds
1
Baths
Come see this tastefully renovated top floor unit with private deck in coveted Thomas Park neighborhood! Spectacular views are just one of the perks of this bright and sunny condo. Close to beach and transportation make this a perfect location to call home!This unit boasts Modern kitchen with breakfast bar and separate dining area along with oak floors and beautiful tile in the kitchen make this a very visually pleasing home. There is a high efficiency tankless water heater, central air conditioning and washer/dryer in the unit. In addition to the living room area there is also office/den space leading out to a large and private deck overlooking the city! This condo is easily the best value in South Boston!
Open House
Sunday
February 09 at 11:30 AM to 1:30 PM
Cannot make the Open Houses?
Location: 37 Gates, Boston, MA 02127    Get Directions

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Tags: Real Estate   open house   Condo   Boston   02127  
Categories: Open House  


Posted by Peter Tzannos on 2/5/2020


37 Gates, Boston, MA 02127

Condo

$589,000
Price

4
Rooms
1
Beds
1
Baths
Come see this tastefully renovated top floor unit with private deck in coveted Thomas Park neighborhood! Spectacular views are just one of the perks of this bright and sunny condo. Close to beach and transportation make this a perfect location to call home!This unit boasts Modern kitchen with breakfast bar and separate dining area along with oak floors and beautiful tile in the kitchen make this a very visually pleasing home. There is a high efficiency tankless water heater, central air conditioning and washer/dryer in the unit. In addition to the living room area there is also office/den space leading out to a large and private deck overlooking the city! This condo is easily the best value in South Boston!
Open House
No scheduled Open Houses

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Tags: Real Estate   Condo   Boston   02127  
Categories: Price Change  


Posted by Peter Tzannos on 2/3/2020

If you intend to list your house, it may be beneficial to perform home upgrades. That way, you can enhance your residence and increase the likelihood of generating plenty of interest in your house as soon as it becomes available.

Oftentimes, a home's roof will deteriorate over time. And if a home seller is not careful, he or she may be forced to repair or replace a house's roof prior to listing a residence. Because failure to update this home's roof may force a home seller to miss out on opportunities to maximize his or her home sale earnings.

For those who need help upgrading a home's roof, there is no need to worry. Many roofing contractors are available in cities and towns nationwide, and these professionals can help you update a home's roof in no time at all.

Differentiating a top-notch roofing contractor from an ordinary roofing contractor, however, sometimes can be difficult. Lucky for you, we're here to help you streamline the process of hiring the best-available roofing contractor in your city or town to update your house's roof.

Now, let's take a look at three tips to help you select the ideal roofing contractor.

1. Get Multiple Quotes

There is no shortage of roofing contractors at your disposal. Thus, you should receive quotes from multiple roofing contractors in your area.

Reach out to a variety of local roofing contractors you'll be glad you did. In most instance, roofing contractors will offer free roof evaluations and estimates. Then, you can use the information provided by various roofing contractors to help you make an informed decision.

2. Ask Plenty of Questions

When it comes to selecting a roofing contractor, there is no such thing as a "bad" question. Therefore, you should ask a roofing contractor lots of questions to ensure you can make the best-possible choice.

Remember, roof repairs or updates may prove to be costly. But if you ask a roofing contractor for full details about a roof project, this professional can provide you with the insights you need to maximize the value of your investment.

3. Request Client Referrals

Generally, a roofing contractor can provide client referrals at a moment's notice. These referrals may prove to be exceedingly valuable, as they can help you understand what it's like to work with a roofing contractor before you make your final decision.

If you need extra help finding the right roofing contractor, you may want to reach out to a real estate agent as well. This housing market professional can put you in touch with the top roofing contractors in your city or town, ensuring you can get the home improvement support that you need.

Of course, a real estate agent can provide you with expert guidance throughout the home selling journey too. He or she can help you list your residence, promote it to the right groups of buyers and ensure you can enjoy a quick, profitable home selling experience.

Take the necessary steps to upgrade your home's roof use the aforementioned tips, and you can hire a terrific roofing contractor before you add your residence to the housing market.




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Posted by Peter Tzannos on 1/31/2020


642 Moody, Waltham, MA 02453

Commercial

$1,950
Price

1
Buildings
Office
Type of Comm.
9,999.00
Lot Size
Great office space on bustling Moody St. Just renovated 1st floor office space with hardwood floors, central a/c-heat, 2 bathrooms and full kitchen. Ideally situated and convenient to shops and all the wonderful restaurants Moody has to offer. This is a great space for accountants, real estate office, attorney office etc...
Open House
No scheduled Open Houses

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Tags: Waltham   Real Estate   Commercial   02453  
Categories: Price Change  




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