Posted by Sharon Lanen Coskren on 12/8/2017

Ready to add your residence to the real estate market? A home appraisal may prove to be a great first step.

With a home appraisal, you'll be able to understand the true value of your house. This comprehensive home assessment enables an expert home appraiser to evaluate every room in your home. Then, a home appraiser will provide details about your home's strengths and weaknesses.

Ultimately, there are many questions for a home seller to consider after a home appraisal is completed, including:

1. What did the home appraiser discover during the evaluation?

A home appraiser boasts in-depth home maintenance knowledge and insights. As such, this professional will do everything possible to identify problem areas with you home that you can repair before you add your residence to the housing market.

Consider the results of a home appraisal closely. By doing so, you can understand your home's strengths and weaknesses and search for ways to transform your house's weaknesses into strengths.

Also, it is important to establish realistic expectations for your residence after a home appraisal.

If a home appraiser discovers myriad problems with your residence, there is no need to worry. You can always repair these issues on your own or hire home maintenance professionals for extra help.

Or, if you decide not to complete home repairs following a home inspection, you should price your residence accordingly. That way, you can be honest with homebuyers about the pros and cons associated with your home and enable these homebuyers to make informed decisions about your residence.

2. Are there major or minor problems with my house?

What differentiates a major home problem from a minor one? The time and resources required to fix a problem often serve as key indicators about whether an issue can cause major headaches over an extended period of time.

For example, an oven light that has gone out can be replaced quickly and effortlessly. On the other hand, your home's obsolete, inefficient furnace may require thousands of dollars to replace.

Simple home improvements can make a world of difference in homebuyers' eyes. Following a home inspection, you may be able to find a variety of quick, easy and effective home improvement tasks that you can complete to enhance your home's appeal.

Be prepared to complete major home improvement projects as well. Remember, if you finish assorted home improvement tasks now, you may be able to help your residence stand out in a highly competitive real estate market down the line.

3. Which home repairs should I prioritize?

Home repairs should help you maximize the value of your residence. Therefore, you should prioritize home maintenance projects that will help you transform your ordinary residence into an exceptional one.

If you need help to determine which home repairs to prioritize, don't forget that a real estate agent may help you do just that. This real estate professional will work with you throughout the home selling process and ensure you can enhance your residence both inside and out.




Categories: Uncategorized  


Posted by Sharon Lanen Coskren on 12/5/2017

This Single-Family in North Andover, MA recently sold for $680,000. This Colonial style home was sold by Sharon Lanen Coskren - RE/MAX Leading Edge.


20 Stage Coach Rd, North Andover, MA 01845

Single-Family

$650,000
Price
$680,000
Sale Price

9
Rooms
4
Beds
2/1
Full/Half Baths
What an opportunity to live in the coveted Bear Hill neighborhood where you will be part of great trick or treating, Labor Day cookouts, holiday parties and walks to Smolak Farm. This well cared for home offers great space for gathering all of your family and friends. Expansive eat in kitchen opens to fireplaced family room with skylight where you can easily entertain and interact with your guests while cooking. Picture Thanksgiving dinner in your well proportioned dining room and then retiring to your fireplaced front to back living room. Fireplaces in both the family and living rooms offer many options for cozy winter nights. First floor office is a great spot for getting work done at home.Nice playroom in finished lower level. Oversized deck overlooks tree lined private backyard where you can watch nature and relax or host family games. Nice fenced area for pets as well. This home has been lovingly maintained by the same family for many years and is ready for you to make it your own

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Categories: Sold Homes  


Posted by Sharon Lanen Coskren on 12/1/2017

This Single-Family in North Andover, MA recently sold for $900,000. This Cape style home was sold by Sharon Lanen Coskren - RE/MAX Leading Edge.


657 Osgood St, North Andover, MA 01845

Single-Family

$949,000
Price
$900,000
Sale Price

10
Rooms
4
Beds
3/1
Full/Half Baths
You've driven by countless times and always admired this house and it's beautiful setting. Now this coveted spot is available for purchase! Imagine sitting on your front porch and watching the world go by. On a relaxing weekend, take a walk to Weir Hill or the Stevens Estate to explore the beautiful trails and grounds. During the week, kids can walk to local schools and social activities. Privacy abounds in this beautiful cape built by renowned local builder with your choice of first or second floor master suites. Amazing two story foyer with bridal staircase welcomes you into this beautiful home. Expansive fireplaced great room offers lots of space for entertaining and cheering on your favorite teams. Spacious open kitchen/family room make it easy to interact with your guests while putting together holiday meals and parties. Bonus room in lower level is great for kids and grownups alike. You can't beat the location and this amazing opportunity won't last for long!

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Categories: Sold Homes  


Posted by Sharon Lanen Coskren on 12/1/2017

This Single-Family in North Andover, MA recently sold for $726,000. This Colonial style home was sold by Sharon Lanen Coskren - RE/MAX Leading Edge.


58 Settlers Ridge Rd, North Andover, MA 01845

Single-Family

$699,900
Price
$726,000
Sale Price

9
Rooms
4
Beds
2/2
Full/Half Baths
If you are looking for a beautiful home on a cul de sac close to major highways, this is it! Lovely farmers porch is a great spot to watch the neighborhood children play and ride bikes. Two story foyer welcomes you into this well maintained home with soaring ceilings and hardwood throughout. Imagine hosting Thanksgiving dinner while friends and relatives relax around your enormous island or chat from the nearby family room. Gas fireplace makes for cozy winter nights by the fire with plenty of room to play a round of family games. Bonus three season sun room and patio area mean great places to relax on lazy summer days. Carpeted finished lower level offers great space for kids play area or home gym. An all around great neighborhood to call home! Stop by the Open House Sunday 1:30-3:00.

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Categories: Sold Homes  


Posted by Sharon Lanen Coskren on 12/1/2017

There’s a lot of things to think about before buying a home--some financial, others personal. Most people tend to focus on one or the other. However, both are instrumental in choosing the right house and buying at the right time.

In this article, we’re going to talk about some of the ways you can determine if you’re ready for homeownership. We’ll discuss things like credit scores and down payments, but also important life factors like your career and future plans.

Getting your finances in order

There are a few simple things you can do right now that will help you understand if you’re financially secure enough to start looking at houses. First, you’ll want to look up your credit score.

Lenders strongly consider your credit when determining how much risk is involved in lending to you. A higher credit score can not only get you approved for a mortgage, it can lower your interest rate and make you eligible to borrow without having to pay private mortgage insurance.

The amount of money this saves seems trivial in the short term, but over the lifespan of your loan it can save you tens of thousands of dollars. So, read a free credit report and if your credit is lower than 700 start finding ways to improve your credit.

In the meantime, you’ll want to save for a down payment. While it’s possible to buy a home with a small or no down payment, it can come back to haunt you in the form of interest as you pay off your loan. Furthermore, many lenders won’t pre-approve you unless you make a down payment of a minimum amount (often 20% of the loan).

If you have a high credit score and you’ve saved for a down payment, another thing to check off your list would be proving your stable income. This can be difficult for the self-employed, contract workers, or people who have recently changed jobs.

Lenders want to see that you have a stable income history to ensure that you’ll be able to pay your mortgage each month. If you recently changed jobs or are in between jobs, it could be to your benefit to wait 3-6 months before getting pre-approved. In that time, you can continue to raise your credit and save for a down payment, further increasing your chances of getting a low-interest loan.

Preparing for homeownership

While the financial aspects of homeownership are important, so are the personal aspects. You’ll want to consider several life factors before buying a home.

First, think about your longterm goals. Do you want to live in the same area for the next 10 to 30 years? Will your career bring you to different regions or will you attend school somewhere else? These questions will help you decide if it’s a good time to buy or a better investment to save money while renting.

If you have a family (or plan on having one soon), you’ll also have to find a way to balance all of your living needs.

Finally, ask yourself if you have time for homeownership. Many people who are used to renting aren’t aware of the amount of time and money it takes to maintain a home. You’ll have more bills, you’ll have to mow your own lawn, and you’ll be responsible for maintenance of your home.