Kathy Foran - REALTY EXECUTIVES Boston West



Posted by Kathy Foran on 1/24/2016

Sometimes, the unlikely event of selling your home can suddenly occur. You may not have ever considered moving away from your humble abode, but things happen, as they say. In any event, it pays in more ways than one to be ready; you never know when an opportunity may present itself for you to downsize, move to another area, or even to upgrade your living situation. Stay on top of things: from time to time, take a walk around your house outdoors to check to see if any repairs are needed. Broken lights, chipped or loose caulking, or tears in the screens can and should be fixed quickly to prevent more costly repairs. Other repairs may require a professional, but you will save a lot of money if you attend to them quickly. When you do put your home up for sale, home inspections can sour a great opportunity, and a bad report can be very costly and aggravating. A deal can fall through just because you failed to notice the small things that could have been fixed beforehand. Be diligent; pay attention to those mostly little repairs to the outside of your home. Cosmetic changes may be necessary to make your home more attractive to buyers. These can be anything from sprucing up your landscaping, to a simple freshening up of the outside of your home. Pick up trash; keep the weeds at bay. Cut the lawn. Broken or hanging eaves troughs, rippled shingles on the roof give the impression of neglect, making potential buyers shy away from looking further at your place.





Posted by Kathy Foran on 12/13/2015

You have made the decision to put your home up for sale. Before you stick the sign in the yard there are a few things you will want to do. Buyers can be picky and the competition can be stiff. So now is the time to do all the little repairs you've always meant to do but never had the time for. Here are just a few of the basic repairs you will want to conquer before the first prospective buyer walks through the door: 1.Tackle the Entrance This is the first thing people see when they come to your home. Paint the front door and trim surrounding the door. Repair sagging screen doors and replace any missing or corroded hinge screws and tighten the rest. 2. Spruce up the Perimeter Walk the perimeter of your home, clear away dead plants, clip blossoms, and clear away leaves and other yard waste. 3. Recheck the roof Any problem that has the word roof in it scares a buyer away immediately. Replace missing shingles and fix hanging gutters.  Remove any moss growing on the roof as this shows signs of neglect. 4. Clear and caulk gutters. Clear all the debris out of the gutters and recaulk the gutter end caps. 5. Patch nail holes and repaint. Patch up nail holes in the walls of your home. Use a lightweight putty to fill the holes and paint the repaired spots. 6. Clean the Grout Deep clean tile grout with bleach.  Regrout tiles where needed and recaulk cracks between sinks, tubs, toilets, counters and floors. This will give your tile a whole new look. 7. Stop Dripping Faucets Fix leaky faucets before the buyer notices them.  You may need to call in a plumber to do this task. Before you do that you can shut off the water supply and check for moisture on the wall around the valves and on the floor of the sink cabinet. Many hardware stores carry faucet rebuild kits that contain the 6 to 12 parts most likely to fail, including the metal ball, O rings, springs and gaskets.    





Posted by Kathy Foran on 11/29/2015

You are about to make a big decision; putting your home up for sale but there are some very important things you need to do before the sign goes in the yard and you open your doors to potential buyers. Getting these things checked off the list will help get you to a quicker and more profitable sale. Here are some tips to get you started: 1. Sit down with your real estate professional. Come up with a game plan and set a realistic asking price. Make decisions about marketing and showing availability. Pre-scheduling meetings or times to catch up with your agent will help keep the lines of communication open. 2. Get your paperwork in order. Prepare a list of repairs, upgrades that have been done to your home. Assemble all maintenance records, warranty information and user guides for appliances in the home. If you do not have them many are available on the internet. It will show potential home buyers you care about your home. 3. Clean your home top to bottom. Wash the walls, shampoo the rugs, touch up the paint and get every cobweb from the corners. Remember your home will be looked at very closely and the last thing you want is a buyer to be turned off by a little dirt. 4. Organize and declutter everywhere. You have probably acquired quite a bit of stuff. Go through every closet, cabinet, and start clearing out. You may want to have a yard sale or donate unwanted items to charity. For the things that you must keep consider a storage unit. 5. Get a home inspection. Have a pre-sale inspection of your home. This will prevent any surprises and help you identify any problem areas in your home. Repairs can affect the ultimate sale price of your home. For problem areas, make repairs or get estimates. This will help you determine what the ultimate sale price or items you may need to be prepared to negotiate on. 6. Stage the home to sell. Hire a professional stager to dress your home for sale. You will want to stage the home inside and out. Research shows that staged homes typically sell for more money. Congratulations you are well on your way to a successful sale.  





Posted by Kathy Foran on 11/22/2015

front doorThe quickest and easiest way to spruce up your house’s exterior appearance is to paint your front door, or even all outside doors. An eye-popping bright red (provided it doesn’t clash with your siding) draws the viewer to a welcoming entryway, and flaws elsewhere may go unnoticed. You may be surprised at how easy and satisfying an hour of work can bring about such a change in your house’s looks. Not a fan of red doors? Other bright colors that contrast with the color of your house will work as well. The colors are endless; just go to a reputable paint store and collect some paint samples and bring them home to try them out in the bright sunshine. You may be surprised how different the colors look in the real light as opposed to artificial light. Just make sure to buy outdoor paint; ask the salesperson for advice if you are not sure. Get all the supplies while you are there: painter’s tape to tape around the windows of the door(s) and knob, small rollers and paint brushes that are suitable for the type of paint you select and a paint tray. Protective gloves will help keep your hands clean and paint free, too. After completing the job, you will be pleased with your work and you can sit back and relax. Just remember to check periodically for peeling and chips. The sun shining brightly on your door can cause fading and peeling. Touch up as needed. If you are tired of the color, it’s quick and relatively easy to change colors. This is a nice way of making your outside doors look clean and attractive.





Posted by Kathy Foran on 10/18/2015

You might have seen the ads on TV about reverse mortgages, but what is a reverse mortgage? It is a loan for older homeowners that uses a portion of the home’s equity as collateral. Instead of the homeowner paying the lender, it is the lender that pays the homeowner based on the equity in the home. How much can be borrowed? The amount that can be borrowed in a reverse mortgage is determined by an Federal Housing Authority (FHA formula).  The formula considers age, the current interest rate, and the appraised value of the home. What are the requirements for a reverse mortgage? You must be at least age 62 The home must be owned free and clear or all existing liens. Any mortgage balance must be paid off with the proceeds of the reverse mortgage loan at the closing. There are usually no income or credit score requirements. How is the loan repaid? The loan cannot become due as long as at least one homeowner lives in the home as their primary residence and maintains the home in accordance with FHA requirements (keeping taxes and insurance current). The must be repaid when the last surviving homeowner permanently moves out of the property or passes away. The estate will have approximately 6 months to repay the balance of the reverse mortgage or sell the home to pay off the balance.