Lynn D'Avolio
Century 21 North East | 801-597-2857 | lynn1@soldbylynn.com


Posted by Lynn D'Avolio on 6/16/2018

This Condo in Peabody, MA recently sold for $325,000. This Townhouse style home was sold by Lynn D'Avolio - Century 21 North East.


69 Lynn, Peabody, MA 01960

Condo

$319,900
Price
$325,000
Sale Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Colonial Townhouse, Corner Unit, 3 BR, Private Entrances, Private Deck, Fenced 12,000SF Yard, Garden, Full Basement, 3rd Floor Finished Attic, 1st Fl Laundry, 2 off street Parking. Featuring Nest system. New Furnace 2013, W Heater 2017, Dishwasher 2016, Kitchen Floor 2016, Washer/Dryer 2015, Shower/Tub 2014. New Bamboo stairs & Wainscoting 2016. Sunny Townhome Living, feels like a single family home. Barbecue in back yard, sit by Fire Pit. Showings to start at Open House 4/22 Sunday 12-1:30. *(Back on market - buyers had financial difficulties)

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Tags: Real Estate   Condo   Peabody   01960  
Categories: Sold Homes  


Posted by Lynn D'Avolio on 6/12/2018

While they have become ubiquitous with the emergence of suburban neighborhoods and townhouses, homeowners associations (HOA, for short) are a relatively new phenomenon.

In modern America, there are many ways to live: apartments, condominiums, houses, townhouses, and now even “tiny houses” are gaining traction. But it wasn’t until the late 1900s that property owners began to experiment with alternative ways of living that revolved around share, “common spaces.”

What constitutes a common area?

Whether you live in an apartment, a house, or in your RV you likely experience common areas every day that are owned by the government. Roads, bridges, and parks are all common areas in that they are used by multiple people and their upkeep is paid for with taxes.

If you take that analogy and apply it to the greenways and lobbies of a condominium, or the streets and sidewalks of a gated community, there are few differences.

What is a homeowners association?

When a developer plans a new community they will often create a homeowners association that will be managed by the people who move into the houses or condominiums. Once a certain number of people have moved into the development and joined the HOA the developer will typically hand over ownership to the HOA and relinquish their legal rights and responsibilities of the land. From there, the HOA typically has complete control over management. Though it should be noted that states have their own HOA related laws with varying levels of oversight.

What does an HOA do?

The most common thing we associate with HOAs is fees and rules. People who move into a community governed by a homeowners association are typically required to join the HOA and are therefore obligated to pay fees and adhere to the guidelines set down by the HOA board.

The fees you pay will go towards maintenance and development of the common areas of your community. That usually amounts to landscaping, maintaining pools and fitness complexes. Fees can range from anywhere between $200 and $450 per month depending on where you live.

HOAs also enforce regulations that homeowners must follow. These vary depending on the community but often include building restrictions for things like fences and additions, as well as other ways that homeowners can customize their homes such as paint and vinyl color. Some homeowners associations go so far as to regulate whether or not a homeowner may fly the flag on their favorite sports team over their door.

Advantages and disadvantages

So what are the advantages and disadvantages you can expect when you belong to a homeowners association? Let’s start with the clear disadvantages. If you are a tinkerer or someone who relishes the freedom to do what they want with their property, living in an HOA-run community might not be right for you. If your salary isn’t quite what you’d like it to be, the cost of living in an HOA neighborhood, along with the monthly fees, might be a bit more than you’re comfortable with.

What about the advantages? First, you can expect that the neighborhood will be well-maintained. This brings about another advantage in that you can expect your property value to grow or at least remain stable thanks to the quality of the neighborhood being carefully managed.




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Posted by Lynn D'Avolio on 6/5/2018

If you want to sell your house as quickly as possible, it is important to ensure your residence boasts a dazzling interior. Because if buyers fall in love with your residence as soon as they step inside of it, you may be able to reap the benefits of a quick, profitable house selling experience.

Now, let's take a look at three tips to help you rejuvenate your home's interior.

1. Eliminate Clutter

Clutter is a problem for many home sellers, and it may make it tough for a seller to show off the full beauty of his or her residence to potential buyers.

Dedicate time and resources to remove clutter from your house – you'll be glad you did. If you have excess items, you can always sell these items or donate them to charity. Or, if you have assorted items you want to keep, you can rent a storage unit to keep these items safe until your residence sells.

2. Depersonalize Your Home

Antiques, paintings and various personal belongings have helped your transform a house into a home. Yet these personal belongings may make it difficult for a buyer to picture what life may be like as the owner of your residence.

Oftentimes, it helps to remove personal belongings from your home before you add it to the real estate market. If you make it easy for buyers to imagine what life could be like if they purchase your home, you may be able to help them decide whether your residence is the right choice.

3. Clean Your Home

Buyers likely will shy away from a dirty, messy home. Conversely, a home seller who cleans his or her residence from top to bottom can boost the likelihood that this house will make a positive first impression on prospective buyers.

Home cleaning should be performed regularly. If you need extra help with home cleaning, you can always hire a professional home cleaning company as well.

As you get set to add your residence to the local housing market, you may want to hire a real estate agent too. A real estate agent can offer recommendations and suggestions about how to improve your residence's interior. Furthermore, he or she will do whatever it takes to help you optimize your home sale earnings.

Let's not forget about the guidance that a real estate agent can provide at each stage of the home selling journey, either. A real estate agent will showcase your residence to prospective buyers, help you analyze offers to purchase your house and much more. And if you ever have home selling concerns or queries, a real estate agent is prepared to respond to them at a moment's notice.

Ready to revitalize your home's interior and enjoy a successful property selling experience? Use the aforementioned tips, and you can improve your house's interior and take a step to distinguish your home from comparable residences in your city or town.




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Posted by Lynn D'Avolio on 5/29/2018

For those who want to acquire a house, it helps to get your finances in order. That way, you can quickly and effortlessly navigate the homebuying journey without having to worry about how you'll afford your dream house.

There are many quick, easy ways to straighten out your finances before you embark on the homebuying journey, such as:

1. Assess Your Credit Score

Your credit score ultimately can play a major role in your ability to secure a great mortgage. If you understand your credit score, you may be able to find ways to improve it prior to conducting a home search.

It is important to remember that you are entitled to a free copy of your credit report annually from each of the credit reporting agencies (Equifax, Experian and TransUnion). Request a free copy of your credit report today, and you can take the first step to evaluate your credit score.

If you find that your credit score is low, there is no need to worry. You can always pay off outstanding debt to improve your credit score over time.

Also, if you identify any errors on your credit report, you'll want to address these mistakes immediately. In this scenario, you should contact the agency that provided the report to ensure any necessary corrections can be made.

2. Look Closely at Your Monthly Expenses

When it comes to buying a house, it generally helps to have sufficient funds for a down payment. The down payment on a house may fall between 5 and 20 percent of a home's sale price, so you'll want to have enough money available to cover this total for your dream residence.

If you evaluate your monthly expenses, you may be able to find ways to save money for a down payment on a house.

For example, it may be beneficial to cut out cable TV for the time being and use the money that you save toward a home down payment. Or, if your dine out frequently, cooking at home may prove to be a substantial money-saver that could help you speed up the process of saving for a down payment.

3. Get Pre-Approved for a Mortgage

With pre-approval for a mortgage, you can enter the housing market with a budget in hand. Then, you'll be better equipped than ever before to narrow your search to houses that fall within your price range.

To get pre-approved for a mortgage, you'll want to meet with banks and credit unions. These financial institutions can teach you about different mortgage options and help you assess all of the options at your disposal.

Furthermore, don't hesitate to ask banks and credit unions about how different types of mortgages work. This will enable you to gain the insights that you need to make an informed decision about a mortgage based on your financial situation.

If you need extra help as you prepare to pursue a house, you may want to hire a real estate agent as well. In fact, a real estate agent can help you find a high-quality house at a budget-friendly price in no time at all.




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Posted by Lynn D'Avolio on 5/22/2018

If you plan to sell your house in the foreseeable future, it usually pays to clean out the garage. In fact, a home seller who declutters the garage today can show homebuyers the true size and beauty of this space, thereby increasing a house's overall appeal.

Ultimately, it won't take long for a home seller to declutter the garage – here are three tips to help you remove clutter from your garage before you list your residence.

1. Identify Excess Items

Old automotive parts, tools and other excess items can take up lots of space in your garage. However, a homeowner who dedicates the necessary time and resources to identify garage clutter can plan accordingly.

Separate must-keep garage items from excess items. Then, you can determine exactly how much space that you'll need to store the items that you want to keep.

For many homeowners, storage cabinets and shelving units make it easy to keep track of items in a garage. Or, if you need extra space to store garage items, you may want to consider renting a storage unit until you finalize your home sale.

2. Sell, Donate or Dispose of Excess Items

When it comes to excess garage items, there is no need to delay the inevitable. If you sell, donate or dispose of garage clutter, you can quickly eliminate excess items from your garage.

Selling your excess garage items online or hosting a yard sale may prove to be worthwhile. In both instances, you can generate interest in assorted garage items and earn extra cash at the same time.

In addition, you may be able to donate excess garage items to local charities. If you reach out to local charities and learn about their donation policies, you can find out which charities will accept your excess garage items and schedule donation pick-ups.

On the other hand, if you find garage items that are broken or damaged, dispose of these items. That way, you can free up space in your garage immediately.

3. Conduct In-Depth Garage Cleaning

After you remove garage clutter, it is important to spend some time cleaning your garage from top to bottom. This will enable you to transform an ordinary garage into a spectacular one.

If you need extra help with garage cleaning, don't hesitate to contact a professional home cleaning company. This business likely employs friendly, diligent cleaning experts who can help you accelerate the garage cleaning process.

Lastly, if you're searching for the best ways to improve your home before you list it, you may want to hire a real estate agent.

A real estate agent can offer honest, unbiased garage cleaning recommendations and suggestions. Plus, this housing market professional will set up home showings, keep you up to date about offers on your residence and ensure you can enjoy a fast, seamless home selling experience.

Want to sell your residence soon? Use the aforementioned tips, and you can bolster your garage's appearance in no time at all.




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