Kinlin Grover Ridge Realty



Posted by Kinlin Grover Ridge Realty on 1/14/2018

Investing in a multifamily home could be a smart choice for you. The rental market is always in demand in areas all across the country. Even in a buyerís market, there's plenty of people who still need to rent for one reason or another. 


Homeowners Associations Can Save You A Lot


Thereís a lot less maintenance involved on your part if you buy a property thatís a part of an association. There will be less landlord responsibilities on your part since everything outside of the walls is considered a common area. The dues that you pay each month, known as HOA fees, are what helps to take care of all these maintenance issues. 

Before you invest, youíll need to take into account the monthly fees along with your financial plan. On the downside, if your association has some issues that canít be worked out, youíll end up having a special assessment charged to you. You may want to do some research before you sign up with an association. 


Youíll Save On Taxes


Buying a duplex is a pretty good deal. As far as taxes go, it counts as one building, yet, youíre getting monthly rent from tenants. Alternatively, you may choose to live on one side of the property, and rent out the other side. Either way, youíre saving on both taxes and insurance because both of these fees are blanketed under one building.


You Can Bring In Some Revenue With Multifamily Units


The rent-to-purchase price ratio is generally better with multifamily units. The amount of money that youíll bring in each month with rent will almost always be more than the amount that needs to be paid for the mortgage. Keep in mind that some money must be set aside for maintenance costs and other emergencies. This is where the phrase ďincome propertyĒ comes from.  


Youíll Be In A Prime Location With Multifamily Homes


When youíre planning to rent out properties, you want to own a building where people want to be. These types of units are often seen near colleges, universities and urban areas. Youíll always have a lot of people who are looking to rent, which means properties wonít be left vacant for long.


A Rental Can Be Great Retirement Income


Whether youíre an empty nester with plenty of rooms in your home available to rent, or just someone who would like to build up some equity, using a property as a rental is a great way to make some additional revenue. If you choose to rent out part of your home, make sure that you have a lease with well-defined terms and a set of house rules. You may need to define things like what food will be shared, set up a laundry schedule and state how utilities will be paid and when.





Posted by Kinlin Grover Ridge Realty on 1/7/2018

When youíre buying a home, itís important to offer a good price to be able to land the property of your dreams. You also donít want to overpay for the house youíre buying. If you want to know for sure that youíre paying a good price for a home, youíre going to need to do some price comparisons. Take a look at recently sold homes in your neighborhood of choice and see what the going rate is. If all of the homes are similar in the area, it will be easy to find out how much the home youíre buying is worth. There are a few ways that you can do comparisons to make it easier for you to determine the right price for the home you want to buy. 


Take A Look At The Neighborhood


There are certain features that attract nearly everyone to certain neighborhoods. From the safety and friendliness of an area to the schools that are nearby, to the stores, and public transportation access, people are attracted to what makes their lives easier and more enjoyable. The bottom line is the more desirable the neighborhood, the higher the price of the homes in it. 



Check Out Public Records


With the Internet, itís pretty easy to access public records these days. You can take a look at what properties have been bought and sold for in recent times int the area of the homes that youíre looking at. You can even take a peek at some historic information to help you see if the area is up-and-coming.


Is The Neighborhood Going To Become Trendy?


Sometimes, you can find a great property for less in a neighborhood that hasnít quite reached itís full potential yet. If thereís a slot of new construction going on, thatís a good sign that the neighborhood is moving on up! Especially attractive features in a neighborhood are new schools, new shopping centers, or new parks.                


There Is A Tipping Point To Growth


If it seems that a neighborhood is growing a bit too much, it may actually decrease the value of your home. Huge commercial developments can actually be detrimental to the value of a property. Where thereís a lot of people, thereís also a lot of noise and traffic. Thatís usually not a desirable factor in a neighborhood.    


Meet In The Middle


When youíre looking at the price of properties, the best bet is to meet somewhere in the middle for what is reasonable. While you donít want to buy the highest priced home in the neighborhood, you probably donít want to lowest price for that neighborhood either. Working with a more average number is a good option because your home helps any home lower priced than yours, while any higher priced homes help to increase the value of your home. Itís a win-win situation when you choose a property based on price and keep this strategy in mind.    





Posted by Kinlin Grover Ridge Realty on 12/30/2017

This Single-Family in Sandwich, MA recently sold for $540,000. This Cape style home was sold by - Kinlin Grover Ridge Realty.


30 Reflection Drive , Sandwich, MA 02563

Sandwich (village)

Single-Family

$595,000
Price
$540,000
Sale Price

7
Total Rooms
4
Beds
2/1
Full/Half Baths
Great Offer!! Add your updating to this outstanding BEST value in The RIDGE CLUB, 4 bedroom Contemporary overlooking the 16th Green and 17th Island Green, spacious eat in kitchen with top line appliances and granite counters, Fireplaced family room with wonderful Views, Formal dining and living rooms with hardwood floors, 1st Floor MBR Suite and all this in a private gated golf community with pool,tennis,golf and 5 star restaurant...$595,000

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Categories: Sold Homes  


Posted by Kinlin Grover Ridge Realty on 12/24/2017

If youíre ready to sell your home, you may wonder if you can do it all on your own or if you need an agent to help you. If you understand what a listing agent can help you to do, youíll better understand their value. 


Listing Agents Help You To Price Your Home


Pricing your home for sale is one of the most challenging parts of selling. Your listing agent can help you to take some of the pressure off. They will do the market research and help you come to that sweet spot for the price. How much your home goes on the market for matters because if the home is priced too high or too low, it can cause buyer interest to dwindle. If the home isnít priced right, it can leave buyers wondering if thereís something wrong with the property or if a better deal will be available on the home at a later date. The price of a home is all part of the marketing strategy. 


Advertising Your Home Listing 


Realtors will be responsible for advertising your home listing. Your home for sale will be available across multiple listing services, giving your home the best chance of being seen by the right buyers.    


Coordinating Open Houses And Showings


Hiring a listing agent can save you a lot of time. Your agent will coordinate your open house and advertise it. Their phone will also be the phone thatís ringing when people want to schedule showings for the house. The agent will coordinate convenient times with you but they will handle the overall scheduling and contact with buyers. 


Questions To Ask A Prospective Listing Agent


  • How many homes have you sold in this area?
  • What price range property do you have the most experience with?
  • How long has it typically taken for a home to be sold?
  • What could be improved in my home to help it sell?
  • What is the marketing plan?
  • Who is the team that works with you?
  • Will you be taking photos or can we hire a professional?
  • Will we be using video marketing?


All of these questions can help you to understand whether youíre hiring the right listing agent for the job of selling your home. Listing agents work hard to earn that commission from the sale of your home. They want nothing more than satisfied clients. Your listing agent will also appreciate your recommendation for a job well done. Know that while you can sell your home on your own, there are many benefits to hiring a listing agent.      





Categories: Uncategorized  


Posted by Kinlin Grover Ridge Realty on 12/17/2017

Buying a house is one of the biggest decisions you will make in your life, both financially and otherwise. Just like retirement funds, buying a home and paying off your mortgage can be a significant long term investment.

It will take time to prepare for buying a home. Youíll need to build credit, save for a downpayment, and find a degree of financial stability to ensure you can pay your mortgage each month.

This article is catered towards homebuyers who have already met those prerequisites and are ready to jump in and start hunting for houses. For those of you curious about exactly how long it will take from the time you view your first house until you close the deal on your new home, read on.

Home buying by the numbers

On average, buyers can spend 30-60 days looking at homes and anywhere between 15 and 60 days longer to close on a home. Of course, these numbers depend on a lot of things such as how eager you are to buy, how  effectively youíre able to work with agents and sellers, and on just sheer luck.

How can I speed up the process?

Preparation is the number one thing to focus on when it comes to buying a home. First, double check your finances. This means taking time to run a credit report and challenging any errors that may be lowering your credit.

Next, take time to sit down and discuss with your family (if applicable) your moving goals. Are you trying to move closer to someoneís place of business or to a particular school district? Having these discussions will make it easier to eliminate houses and to narrow your search, saving you time in the long run.

Before you start looking at homes, itís a good idea to being the process of getting preapproved for a loan. This can take weeks, so you want to get this step done early to know where you stand when it comes time to start house hunting.

Next youíll want to meet with a real estate agent who has extensive knowledge of your area. Theyíll send you listings that meet your criteria, stylistically and financially.

The offer and closing

Now that youíve found the right home, youíll have to enter the next part of the process: making an offer and closing. This step isnít entirely within your control. Some sellers will delay in accepting, others will reject, and others will give a counter offer. The best way to save time on this step is to give a reasonable offer from the start, showing the seller that you are serious and worth negotiating with.

Once your offer has been accepted, your work is still far from over. There will be a lot of paperwork to fill out, but youíll also have to schedule a home inspection to ensure there are no problems with the home that you havenít already been made aware of.

Once all of these steps are complete, you will have purchased a new home.