Kathy Palmer - Wrentham MA Real Estate, Norfolk MA Real Estate, Plainville MA Real Estate


After you receive an offer on your home, how should you respond? Ultimately, there are many questions for a home seller to consider before accepting a proposal, including:

1. What is my home worth?

Did you get your home appraised before you added it to the real estate market? If so, you may want to review a home offer in contrast to your home appraisal. This will give you a better idea about whether the offer is "fair" based on your home's condition.

If you have not received a home appraisal, there's no need to worry. In fact, there are many ways to assess your home to determine whether to accept or decline a proposal.

Check out the prices of comparable residences in your city or town. This will enable you to see how these houses are priced and better understand how to proceed with an offer.

Also, review the prices of homes that recently sold in your area. With this information, you can learn about the current state of the housing market.

2. Are there any other offers to consider?

As a home seller, you'll likely have 24 to 48 hours to respond to an offer on your residence. But if you receive multiple offers at the same time, you'll want to evaluate these proposals in conjunction with one another.

Even if you receive two offers for the exact same price, these proposals may differ.

For example, a homebuyer who has financing in hand will be able to streamline the process of going from homebuyer to homeowner. On the other hand, a homebuyer who submits an offer without financing in hand may require additional time to secure a mortgage from a bank or credit union.

Take a close look at all of the offers on your home. Review these proposals with a fine-tooth comb, and you'll be able to make an informed decision.

3. Does this offer meet or exceed my expectations?

An offer on your home may fall short of your initial asking price, but this offer can still meet or surpass your expectations.

Consider what you hope to accomplish as a home seller as you review an offer.

For instance, if your goal is to sell your home as quickly as possible, you may be more inclined to accept one of the first offers you receive. Or, if you can afford to remain patient, you may want to take a wait-and-see approach to ensure you get an offer that matches or exceeds your initial asking price.

4. What will happen if I accept the offer?

After you accept an offer on your home, a homebuyer likely will want to complete a home inspection.

If the home inspection goes well, the homebuyer probably will proceed with his or her purchase. If it does not, you may need to complete home maintenance or repairs to finalize the purchase agreement.

Remember, if you accept an offer, there are still several steps that will need to be completed before you sell your house. With an expert real estate agent at your side, you'll know exactly what to expect at each stage of the home selling process.


Applying for a mortgage can be a lengthy and difficult process. Lenders want to know that they are going to get a return on their investment.

To ensure that they’ll see that positive return they will take a number of things into consideration, such as your income, credit score, employment history, and financial capital.

First-time homeowners often struggle when it comes to these prerequisites since they have fewer years of numbers for lenders to consider. If you’re one of those people, don’t worry--you can still purchase a home.

First-time homeowner loans, which are guaranteed by the U.S. government, and a number of private loans enable people to borrow money for a home without paying a huge down payment or having a vast credit history.

One downfall of said loans is private mortgage insurance, or “PMI.”

In this article, we’re going to talk about what private mortgage insurance is, how to avoid it, and how to get rid of it. 

What is PMI?

If you make a down payment on a mortgage that is less than 20% of the loan amount, you will most likely have to pay private mortgage insurance.

PMI exists as a way for lenders to help guarantee they won’t lose money off of your loan. If you make a down payment of 20% or more, then lenders are typically satisfied that they won’t lose money from doing business with you.

PMI is not to be confused with home insurance, which protects you against damage and theft. Rather, it is an additional fee you’ll pay to your lender each month that is added to your mortgage payment.

PMI is calculated based on a few considerations. Lenders will take into account your down payment amount, the value of the mortgage, and your credit score.

In terms of costs, PMI typically costs between .5 and 1% of the total mortgage amount each year.

Avoiding PMI

Naturally, it’s best to avoid paying private mortgage insurance altogether. Private mortgage insurance has no future value for you and your family since it doesn’t count towards building equity and doesn’t protect you from any potential financial harm (your lender is the sole beneficiary of PMI).

Saving for a down payment can take time, and sometimes you’ll need to rent or cut costs while you save. However, if you do take on a loan with PMI, you can still cancel it at a later point.

Canceling your private mortgage insurance

The first thing you should know about canceling PMI is that it usually isn’t easy. You’ll need pay off at least 20% of the home, write a letter to your lender, and wait for an appraisal of the home. Once you’ve done this, you still have to wait while your lender considers your request. In all, this process could take months--months that you’re still required to pay PMI.

Once common way to get out of PMI is to refinance. If the value of your home has increased since the time of you taking on the loan, the new lender likely won’t require PMI. However, you’ll want to make sure that refinancing will get you a lower interest rate and cover the costs of refinancing. 



26 Oriole Dr, North Attleboro, MA 02760

Single-Family

$690,000
Price

11
Rooms
4
Beds
4/1
Full/Half Baths
Beautiful setting for this amazing colonial.When you enter through the front door you are drawn in by the 2-story foyer which radiates warm light through the stunning palladium window.The turn staircase gives off all the elegance you would expect in this custom home.The first flr has gleaming hardwood floors, architectural columns & gives that grand look as you enter into the open kitchen & family rm.Enjoy the beautiful fireplace & the large windows overlooking the backyard.The cathedral sunroom is flooded w/light & leads to a private rear deck.The dining rm & home office span from the front to the back of the home & can closed off by french doors for more privacy.Head on up to the second level & be greeted by the beautiful master ensuite the prefect way to end a day.Mster bath is appointed w/walk-in tile shower,spa tub, double vanities, his& her dressing rms! They didn't skim on this house.The finished LL w/hdwd staircase, pool table area, media room!
Open House
No scheduled Open Houses

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Although location is one of the most important factors that will impact the marketability of your home, it's not the only thing prospective buyers are thinking about.

If they're organized, focused, and serious about finding the right property for their needs, they've probably developed a detailed checklist of "must haves" and a "wish list."

In all likelihood, those who are working with a real estate agent are being shown properties that conform to their requirements and many of their wish-list items. A comprehensive list would include everything from the number of bedrooms and bathrooms they want to square footage and the quality of the school district.

Many people also have specific preferences about features like floor plans, amount of storage space, the size of the backyard, architectural style, and the availability of a fireplace, patio, porch, deck, eat-in kitchen, two-car garage, and privacy features. Some are even looking for the traditional white picket fence in front of the house!

While your home can't be "all things to all people," it is highly recommended to target the widest possible audience. Your agent, a home staging consultant, or a home decorator can provide you with valuable tips on how to achieve that outcome.

Stand Out and Get Noticed

Just looking good on paper, though, is not always enough to attract motivated buyers. Prospects need to love what they see and be inspired to envision themselves living in your house. Doing what you can to create irresistible curb appeal is one vital aspect of making a great first impression. A manicured lawn, a fresh coat of paint (if needed), and some strategic home staging -- inside and out -- can make all the difference in your results!

Curb appeal is vitally important because that sets the stage, so to speak, for creating high expectations in your prospects. Once you get them in a positive frame of mind, they'll be more inclined to notice all the positive aspects of your home. If your house meets all or most of their requirements and is arranged in a way that's pleasing to them, a purchase offer and negotiations may be right around the corner.

One of the most crucial hurdles to clear in getting prospects to consider buying your house is to help them imagine living, relaxing, raising a family, and pursuing their interests in your home. Your real estate agent can help you effectively stage the interior and exterior of your home to make it inviting and appealing to the widest range of potential buyers.

You can support their sales and marketing efforts by making sure your home is always clean, fresh smelling, and ready to be shown at a moment's notice to house hunters. Doing your best to eliminate clutter, keeping counter tops neat, and making sure pets are on their best behavior (or happily frolicking at the local "doggie daycare" center) can play a key role in winning over interested buyers and successfully selling your home!


If you've bought a home that includes kitchen appliances, you may need to sell your current appliances before moving day. Fortunately, if you host a garage sale, you can sell a wide range of kitchen appliances in no time at all.

Some of the most popular kitchen appliances to sell at a garage sale include:

1. Refrigerator

In many instances, a homebuyer will request a refrigerator in a home offer. And if the seller accepts this proposal, a property buyer may need to get rid of his or her current refrigerator quickly.

Selling your refrigerator during your garage sale offers several benefits. First, you may be able to earn several hundred dollars for your refrigerator if it looks and performs great. You also can sell your refrigerator before your move, thereby eliminating the risk that you'll have to relocate this large, heavy appliance to your new address.

Evaluate the age and condition of your refrigerator prior to pricing it. That way, you can establish a competitive price for your appliance.

In addition, spend some time cleaning your refrigerator's interior and exterior. This will increase the likelihood that your refrigerator will stir up interest from garage sale shoppers.

2. Microwave

Although your kitchen microwave has served you well for many years, you likely have no need for two microwaves at your new address. Luckily, you can sell your current microwave now to earn extra cash prior to moving day.

Many microwaves are available, and as such, you'll want to learn as much as possible about your microwave. This will enable you to provide garage sale shoppers with plenty of information about your microwave's features.

Don't forget to test and clean your microwave before you add it to your garage sale inventory. By doing so, you can guarantee your microwave performs correctly and looks outstanding when you try to sell it during your garage sale.

3. Toaster

Your toaster has been a mainstay in your kitchen, but there may be no time like the present to sell it.

Remove crumbs and other food particles from your toaster as soon as possible. These particles can affect a toaster's performance, and in some instances, create fire hazards.

Furthermore, wipe down your toaster's exterior. An in-depth toaster cleaning will help you generate interest in your appliance during your garage sale.

Kitchen appliances usually are in high demand among garage sale shoppers. If you dedicate the necessary time and resources to clean and maintain these items, you should have no trouble selling them at a garage sale.

Lastly, if you plan to buy a home in the near future, you may want to consult with a real estate agent. This housing market professional can keep you up to date about new homes as they hit the market and help you submit offers on houses. Plus, a real estate agent will make it easy to plan ahead for a pre-moving day garage sale and ensure you can enjoy a seamless transition from one address to another.




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