Mary Foley Real Estate Inc.
Mary Foley Real Estate Inc.


Posted by Mary Foley Real Estate Inc. on 1/14/2020

For first-time home sellers, promoting a residence to the right groups of homebuyers may prove to be a major challenge. Lucky for you, we're here to help first-time home sellers streamline the process of showcasing a house to prospective buyers and accelerating the property selling journey.

What does it take to promote a house effectively? Here are three tips to help first-time home sellers do just that.

1. Understand Your Home's Strengths and Weaknesses

A first-time home seller should evaluate a house's interior and exterior closely. By doing so, this property seller can identify any potential problem areas and work to address such issues accordingly.

Typically, a home appraisal offers a great starting point for home sellers. This appraisal ensures a property inspector can assess a house both inside and out and offer expert insights into a residence's strengths and weaknesses.

After a home appraisal is completed, a home seller can use the appraisal report findings to prioritize assorted home improvements. That way, a home seller can commit the necessary time and resources to transform various home weaknesses into strengths.

2. Improve Your House's Curb Appeal

It is paramount for a first-time home seller to consider the homebuyer's perspective. In fact, doing so may make it easy for a home seller to uncover ways to bolster a residence's curb appeal.

Consider what homebuyers will see when they view a house for the first time. This will enable a home seller to identify potential issues and work to resolve such problems without delay.

For example, a home with long, uncut grass or chipped paint on the exterior may be an eye sore. As a result, homebuyers might shy away from this residence after they see it for the first time.

On the other hand, a house with a pristine front lawn and a dazzling exterior may make a great first impression on homebuyers. This means a homebuyer probably will view this house in a positive light – something that may lead a property buyer to submit an offer.

3. Collaborate with a Real Estate Agent

When it comes to promoting a house, there may be no better option than hiring a real estate agent. Together, a real estate agent and a first-time home seller should have no trouble promoting a residence to the right homebuyers, at the right time, every time.

A real estate agent will teach a home seller about the housing market and help him or her plan ahead for any potential home selling pitfalls. Plus, this housing market professional will provide honest, unbiased home selling recommendations to ensure a home seller can maximize the value of his or her residence.

Perhaps best of all, a real estate agent will assist a home seller in any way possible. And if a home seller ever has housing market questions, a real estate agent will respond to these queries immediately.

Take the guesswork out of promoting your residence to homebuyers – use these tips, and a first-time home seller can stir up interest in his or her residence as soon as it becomes available.




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Posted by Mary Foley Real Estate Inc. on 1/7/2020

A home inspection is one of the final stages of the property buying journey. If an inspection goes according to plan, a buyer may be able to seamlessly close on his or her dream residence. On the other hand, if problems are discovered during a house inspection, these issues may slow down or stop a home sale.

For property buyers, it helps to plan ahead for a home inspection as much as possible. Thankfully, we're here to help you do just that.

Now, let's take a look at three things that every buyer needs to know about home inspections.

1. A home inspection typically is performed after a seller accepts a buyer's offer to purchase.

With a home inspection, a buyer can review a house with a property expert and identify any underlying problems. If a buyer finds problems during an inspection, this individual can rescind his or her offer to purchase, modify the offer or move forward with a home purchase.

It typically helps to hire a highly qualified and experienced home inspector. By having a skilled home inspector at your side, you can gain the insights you need to determine whether a house is right for you.

2. A buyer is not required to go to a home inspection, but it generally is a good idea to attend.

Usually, a buyer, his or her real estate agent and a home inspector will walk through a house together during an inspection. It also is important to note that a buyer is not required to go to an inspection, but in most cases, it is a good idea for a buyer to attend.

A buyer who attends a home inspection may be able to receive home insights that he or she won't necessarily find in a house inspection report. As such, this buyer can obtain the house insights that he or she needs to make an informed homebuying decision.

3. A home inspection may require several hours to complete.

There is no time limit for a house inspection, but an average home inspection takes several hours to complete. After the inspection is finished, a property inspector will prepare a report that details his or her findings and provide it to a buyer within a few days. Then, a buyer will need to review the report and determine how to proceed.

As a buyer gets ready to enter the housing market, and eventually, perform a home inspection, it helps to hire a friendly, knowledgeable real estate agent. This housing market professional can help a buyer find the right home, submit a competitive offer to purchase and conduct an in-depth home inspection. And after a buyer completes a successful home inspection, a real estate agent will help this individual navigate the final stages of the property buying journey.

Simplify the homebuying process – employ a real estate agent, and you can get the help you need to locate and purchase your ideal residence.




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Posted by Mary Foley Real Estate Inc. on 1/4/2020

OWN INSTEAD OF RENT!! LIVE IN ONE UNIT WHILE FIXING UP THE OTHER. LOTS OF POTENTIAL!

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Posted by Mary Foley Real Estate Inc. on 12/31/2019

You may have heard that you will need 20 percent of the purchase price of a home to put down in order to buy it. As the prices of homes continue to rise. 20 percent of the purchase price of any home may not seem like a small feat to save up. It’s not impossible to buy a home. You may be able to get around the 20 percent rule in a variety of ways. Keep in mind that putting down as large of a down payment as you can will help you to land the home of your dreams a bit faster. 


The 20 percent down rule is sort of a myth. While the more you have saved up, the better your chances of standing out among other buyers are. You can still get a mortgage with less than 20 percent down from most banks. The drawback in not putting down 20 percent on a home is that you will need mortgage insurance (also known as PMI). Mortgage insurance is necessary if you put less than 20 percent down because the lender wants protection in case the home is foreclosed on due to a lack of payments.


All About PMI Payments


If you do put less than 20 percent down on a home, your PMI payments won’t go on forever. Once your loan is paid down a bit, you’ll be free and clear of PMI payments. As a rule, if the loan-to-value-ratio reaches 80 percent, you can ask your lender to cancel the insurance for you. When the loan-to-value ratio reaches 78 percent, the lender will automatically cancel the PMI. This is a welcome decrease in expenses since PMI insurance can add up to be hundreds of dollars per month.      


Finding A Way Around 20 Percent Down


Before you even decide to buy a house, you should look at financing options. There are certain programs that are available to you to help. If you know about them ahead of time, you’ll be able to take advantage of them.  


Government Programs


Many different government agencies have programs available to help people get a home easier. These programs will provide home loans with a low interest rate and little to no down payment. The downside to these programs is that many of them actually require you to purchase private mortgage insurance as a contingency to get the loan. You’ll need to plan for these extra expenses. There are even grants available to help you with your down payment. Check in your state or local HUD office for details on various programs that can assist you with your down payment on your first home. Through a bit of savings and research, owning your first home can be possible with or without 20 percent down.




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Posted by Mary Foley Real Estate Inc. on 12/27/2019

NESTLED ON A DEAD END ROAD THIS HOME OFFERS PRIVACY, SPACE AND CONVENIENCE!! THREE BEDROOMS, FULL BATH AND TWO HALF BATHS. DINE IN KITCHEN WITH GRANITE COUNTERTOPS, CHERRY CABINETRY WITH A STEP DOWN TO A GRAND FAMILY ROOM WITH A PELLET STOVE AND BEAUTIFUL BAY WINDOW. SEPARATE LIVING ROOM WITH WORKING FIREPLACE AND SLIDERS LEADING TO A DECK OVERLOOKING THE BACKYARD. FULL BASEMENT WITH LOTS OF NATURAL LIGHT, HALF BATH AND WALK OUT ACCESS! UPGRADES INCLUDE HARDWOODS, CERAMIC TILE, WALK IN CLOSETS AND CENTRAL AIR. PREFERRED LOCATION NEAR HIGHWAY AND ALL AMENITIES.

More Info on this Property | New Listing Alerts