Janet Cramb & Company/LAER Realty Partners



Posted by Janet Cramb on 8/5/2020

Once you have found the home that you want to live in, put in the offer, and start the process of closing on a home, you may feel like you’re “home free.” The hard part may technically be over, but there’s one more important thing that you need to think about before you get the keys to your place: Closing costs. 

A few days before you head to sign all of your paperwork to close on the home, your lender will send you a detailed report of different closing costs that you need to pay upon the settlement of the property. 


Closing Costs Defined


Closing costs are what you pay to the lender and third parties. These are due at the time of closing on the property and must be paid up front. You should estimate that your closing costs will be between 2 and 5 percent of the purchase price of the home.


Everything Included In Closing Costs


Closing costs cover both one-time and recurring fees that are a part of your home purchase. The one-time fees are things that are generally associated with buying the home. These would include attorneys fees, lender fees, home inspection fees, document prep fees, underwriting fees, credit report fees, and realtor fees. You’ll also need a bank issued check for your down payment at this time.  


At closing, an escrow account will be set up. This is like a forced savings account that will be drawn from to cover things like taxes, insurance, loan interest, and title insurance. These are all very important costs that are a part of buying a home.     


Do Your Homework Ahead Of Time


The best way to deal with closing costs is to be prepared ahead of time. Talk to your lender in order to get an estimate of the closing costs. From there, you’ll need to decide if you need to finance your closing costs or simply pay them up front. There are advantages to both approaches. Sometimes, lenders will look at you as less favorable if you need to finance all of your closing costs. It all depends on the terms of your loan. This is why research is vital.


Compare Rates And Lenders


It’s important not to go with the first lender you talk to. Get some recommendations from your realtor and friends to see who might be a good fit for you. Every lender specializes in something different, so you want to be sure that who you chose is a good fit for you. 


The most important thing that you can do with closing costs and the financing of your home is to get educated!     





Tags: Buying a home  
Categories: Uncategorized  


Posted by Janet Cramb on 8/2/2020

This Single-Family in Worcester, MA recently sold for $366,000. This Bungalow style home was sold by Janet Cramb - Janet Cramb & Company/LAER Realty Partners.


17 Rosemont Rd, Worcester, MA 01605

Single-Family

$349,900
Price
$366,000
Sale Price

6
Rooms
3
Beds
2
Baths
This is the home YOU have been waiting for! This stunning 3 bedroom Bungalow has been completely renovated & is nestled within a desirable Worcester neighborhood. Upon entering you will love the gleaming hardwood floors & sun filled open living space. The gourmet kitchen is one you can envision yourself cooking in complete with new s/s appliances, tile backsplash, an island w/ pendant lighting as well as access to the back deck! A formal dining room and a full update bath complete the 1st floor. Upstairs you will find another updated full bath & 3 spacious bedrooms all with plenty of closet space & gleaming floors. Enjoy your morning coffee on either the large front porch or the private back deck looking out into the backyard. Central A/C! New big tickets items include: Window, Roof, Siding, Electrical, Plumbing, HVAC, Driveway, Walkway & Deck. ~~~~~~ Seller to review all offers Friday 6/19 @ 12n - Highest & Best ~~~~~~

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Categories: Sold Homes  


Posted by Janet Cramb on 7/31/2020

This Single-Family in Pepperell, MA recently sold for $440,000. This Gambrel style home was sold by Janet Cramb - Janet Cramb & Company/LAER Realty Partners.


12 Yvonne Dr, Pepperell, MA 01463

Single-Family

$425,000
Price
$440,000
Sale Price

6
Rooms
3
Beds
2/1
Full/Half Baths
Almost brand new! Completely updated 3 bedroom, 2 1/2 bath Gambrel designed for modern living. Beautiful kitchen with farmers sink and an abundance of custom cabinetry. Farmers style granite island is centered and creates a dining area as well as prep area for cooking. Open floor plan with ease and flow into the living room and dining room. First floor separate laundry and half bath. Master bedroom suite with full bath and tiled shower stall. Two additional spacious bedrooms and family bath on the second floor. Lower lever is finished with a family room and plenty of additional basement area for storage. New windows, heating system, plumbing and much more. Public water, sewer and central air conditioning. Enjoy the 3 season porch and private rear yard. Wonderful neighborhood with easy access to Route 3.

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Categories: Sold Homes  


Posted by Janet Cramb on 7/31/2020


88 South Rd, Pepperell, MA 01463

Single-Family

$435,000
Price

10
Rooms
4
Beds
3/1
Full/Half Baths
Start building equity today. Home being SOLD AS IS. 1986 Custom built Colonial with 10 rooms, 4 bedrooms, 3.5 baths and over 3400 sqft of living space. Oversize 2 car garage on 2 acres of land. Open floor plan with wood beamed ceilings, wide pine flooring and custom cabinetry. Brick fireplace in family room/dining area. Great room has cathedral ceilings and access to screened in porch. 2nd floor has 4 bedrooms and an office. Finished 3rd floor walkup. Mudroom, laundry room and bonus room addition over the garage. Newer roof and windows. Farmers porch and oversize rear deck. Buyer is responsible for new septic system. Potential for a 203K loan or CASH BUYER. Endless opportunities.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Janet Cramb on 7/29/2020

Putting your home up for sale can elicit a myriad of emotions from you and your spouse -- everything from excitement and anticipation to fear and sadness. It's only natural to feel a mixture of emotions, especially if your home represents years of memories, countless milestones, and stages of family growth.

A cautionary note to keep in mind is that it's easy to get caught up in emotion-based decisions that could derail your chances for making a fast sale.

A primary example would be pricing your home higher than it might actually be worth. Despite the fact that you've experienced great family memories there and spent tens of thousands of dollars to maintain, upgrade, and beautify your home, those factors usually do not translate into a sale price that exceeds the property's appraised value. Your perspective, which may be based on subjective criteria, such as all the "blood, sweat, and tears" you put into your house -- not to mention the "TLC" that went into it -- does not hold water in the minds of would-be buyers.

What Does Determine a Home's Value?

The unvarnished truth is that the value of your home is mostly based on prevailing market conditions, the price at which comparable homes in your neighborhood recently sold, and what the market will bear. Effectively setting a price that will bring in the most money without driving away qualified and otherwise-interested buyers is a delicate balance. The homeowner rarely has the objectivity or the specialized knowledge to accurately set the right price. That's where real estate agents comes in, and why it's advisable to sell your home through a licensed agent, rather than attempting a "For Sale By Owner" approach.

Minimizing Bumps in the Road

A good real estate agent will work on your behalf to effectively market your home, collaborate with other agents in the area to schedule showings and spread the word about your listing, and advise you on ways to improve both the curb appeal of your home and its interior appearance. Your agent can also provide indispensable negotiating help, as well as guidance about seller disclosure requirements and other government regulations.

The bottom line is that real estate agents are well-versed in the intricate process of listing, marketing, and selling residential property. Since there are a lot of forms to sign, deadlines to meet, agreements to reach, and formalities to handle, those are among the many sound reasons to enlist the help of a professional.

Although the process of selling a residential property often involves delays, setbacks, and obstacles, most real estate agents are quite adept at solving problems and getting past difficulties. In addition to the marketing, networking, and strategizing they're doing on your behalf, a good agent can also be counted on to provide you with regular progress reports and boost your spirits when you're feeling discouraged.