Tracey Fiorelli
Janice Mitchell Real Estate, Inc | 508-509-8162 | [email protected]


Posted by Tracey Fiorelli on 7/20/2019

Thereís a lot that goes into the process of buying a new home. Buyers often think that once the closing process in complete they can move their stuff in and things will go back to normal. But they are often caught off guard throughout that first initial year by maintenance tasks. Tasks that they could have been prepared for at the beginning if only they had known. So today I want to talk about how to stay one step ahead when you first move in to avoid surprises months later or worse years down the line. For the most part, these should each take you all of ten minutes a few times a month.

Be sure to write in reminders on your calendar for monthly maintenance and annual inspections to stay on top of any issues that may arise. Maintenance is key to good homeownership. Youíll save money in the long run as you find and repair issues when they are still minor. Youíll be so glad you didnít find out the hard way - by a burst pipe or major crack in your foundation.

Speaking of maintenance and saving money, wait to invest in top to bottom renovations, especially those that are purely cosmetic. Buying a new home is a large investment and most families need time to bounce back financially from the buying and moving process. Funnel what finances you do have towards initial repairs that will need to be made. And since you no longer have a landlord to depend on when repairs need to be made it is wise to start building an emergency fund for future home repairs.

For initial repairs that will need to be made be sure to hire professionals to take care of any and all that are technical. Donít try to fix repairs yourself that you arenít qualified to do. And no a Google search isn't enough to qualify you to do electrical or plumbing work. Youíve just made a major investment. So ensure to protect that investment for years to come by having things done the right way the first time. This also saves you money in the long run from having a professional come to undo your mistakes and set it up the right way. Or worse, from medical bills.

Keep a binder to track and save receipts for all home improvements. Doing so will help you to maximize your tax-free earnings if and when you decide to sell your home. And while the line between home improvements and repairs can get vague in some areas itís best to track everything. Invest in an accountant, especially for your first year of homeownership, to help you sift through these receipts and maximize your returns. This binder will also come in handy for years to come. Youíll be able to refer back to when you purchased a new water heater or last had a home inspection done, for example.

Invest in sufficient home insurance. Not all basic plans include fire and flood protection. You will also need life insurance policies if you have dependents. This will ensure that if anything were to happen to you, your dependents would gain ownership of the house. And since you now own a large asset it is wise to ramp up your car insurance policy.

Donít get caught off guard. Take 10 minutes a few times each week after youíve closed on your house to set up these appointments and systems. For such a small amount of time, they have major pay off. And come tax season or time to make a repair youíll be so glad you did.





Posted by Tracey Fiorelli on 7/18/2019

UNDER CONSTRUCTION .... Quality built home in a small cul de sac location . Open floor plan with grand foyer entrance from covered porch , hdwd floors, fireplace living room ,upgraded trim package includes crown molding & wainscoting, kitchen cabinets have soft close drawers, dovetail construction, walk in pantry ,center island , granite surfaces, slider to deck ,spacious bedrooms, additional unfinished space over the garage and Full walk out basement with 10í ceiling both spaces are ideal for future living areas Central air, GAS heat and town water and sewer Still time to customize

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Posted by Tracey Fiorelli on 7/13/2019

If youíre planning on buying a home in the near future and are confused about many of the terms associated with mortgages, youíre not alone. Real estate is its own industry with its own set of processes, terms, and acronyms. If youíre new to the home buying process, there can be somewhat of a learning curve to understand what each of these terms means.

Since buying a home is such a huge investment and life decision, thereís a lot of pressure on home buyers to make sure they get everything right. This makes for a stressful situation for buyers who donít feel like they understand the terminology of things like mortgages, appraisals, credit reports, and other factors that contribute to the home buying process.

To alleviate some of those concerns and to make the home buying process run more smoothly, weíve compiled a list of the most common, and most commonly confused, real estate words, terms, and acronyms. That way, when youíre talking things over with your real estate agent or your mortgage lender, youíll be confident that you understand exactly whatís being considered.


Read on for our real estate terminology glossary.

  • Adjustable rate mortgage (ARM) - This is one type of home loan. Mortgage rates with this type of loan fluctuate throughout the repayment term of the loan. The fluctuation is based on a market indicator.

  • Fixed rate mortgage (FRM) - Another type of home loan, a fixed rate mortgage has a rate which does not fluctuate, remaining constant for the life of the term, most commonly 15 or 30 years.

  • Appraisal - An appraisal is the determination of the value of a property. Appraisals are used when purchasing and selling a home, as well as when refinancing a home loan. Appraisers are required to be licensed or certified in each state and are usually paid for by the lender.

  • Appreciation - An increase in a propertyís value, most commonly due to market inflation, or the general increase in home prices over time.

  • Depreciation - A decrease in a propertyís value, due to either market deflation (uncommon) or the wear and tear on a home that comes with age.

  • Closing costs - The costs and fees that a buyer is responsible for when purchasing a home or taking out a mortgage. These include underwriting fees, inspections, appraisals, transfer taxes, and more. Closing costs typically range from 2% to 5% of the total loan amount.

  • Contingency - Home purchases have contracts to protect the interest of the buyer, seller, and lender. Contingencies are provisions designed to protect the buyer or lender should something occur in the time leading up to closing on (or purchasing) the home. One common contingency is the buyerís right to have a final inspection of the home before closing to ensure no new issues with the home have occurred.

  • Private mortgage insurance (PMI) - Buyers who cannot afford a down payment of %20 typically are required to take out a private mortgage insurance policy. This policy protects the lender should the borrower default (fail to repay or meet the conditions of their loan).






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Posted by Tracey Fiorelli on 7/8/2019

Sprawling cape style home nestled back from the road ! Brick walkway welcomes you to this exquisite home offering a (2) rm 1st floor master suite, hardwood floors, arched doorways skylights ,tile shower & pocket doors...These are a few of the highlights that make this home stand out from the rest. Open kitchen w/ beam accented ceilings, FP ,granite counters dine in area open to step down family room complimented by large windows & sliders bringing in the beauty of the back yard and mature landscaping into the home. Front formal LR w/ beautiful wainscoting and 2nd FP open to dining room . 2nd floor offers many options complete with (2) spacious bedrooms one w/ changing room & ample closet space, plus den area or sitting room and full bath ...2 additional rooms can be used as a home office with auxiliary staircase, au pair suite, or guest rooms ...many options for you to decide. Lower level is also partially finished w/bonus room &workshop sill offering plenty of storage THIS IS IT

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Posted by Tracey Fiorelli on 7/6/2019

A home seller may encounter many challenges after he or she decides to list a residence. Fortunately, there are lots of things you can do to increase the likelihood of enjoying a seamless house selling experience.

Now, let's take a look at three tips to help you master the home selling journey.

1. Conduct an In-Depth Home Evaluation

Your home has served you well for an extended period of time. However, your residence may be in dire need of upgrades. And if you fail to identify problem areas before you list your residence, you may struggle to stir up interest in your house.

Oftentimes, it helps to conduct a home inspection before you list your residence. Although a house inspection generally is requested by a buyer after a seller accepts his or her offer to purchase a home, an inspection can help you understand your residence's strengths and weaknesses. Then, you can take the necessary steps to transform myriad home weaknesses into strengths Ė something that could help you reap the benefits of a successful home selling experience.

2. Upgrade Your Home's Interior and Exterior

If your house is full of clutter and in need of a deep cleaning, there may be no time like the present for a home interior makeover. You can allocate time and resources to enhance your home's interior on your own. Or, you can always hire an interior decorator, home cleaners or other home improvement professionals to upgrade your house's interior.

Don't forget to bolster your residence's curb appeal too. By mowing the lawn, trimming the hedges and performing other home exterior upgrades, you can make it simple for buyers to fall in love with your residence as soon as they see it.

3. Hire a Real Estate Agent

A real estate agent is a must-have for those who want to streamline the home selling journey. He or she will help you identify and overcome any potential property selling roadblocks. Plus, a real estate agent can help you plan ahead for the home selling journey so you can achieve your desired results as quickly as possible.

For example, if you want to maximize your earnings from the sale of your city home, a real estate agent will offer recommendations and suggestions to help you do just that. On the other hand, if your goal is to sell your current residence as soon as you can, a real estate agent will do whatever it takes to ensure you can sell your house without delay.

Let's not forget about the comprehensive guidance that a real estate agent can provide, either. If you ever have concerns or questions about pricing your home, how to promote your residence to potential buyers or other home selling topics, a real estate agent will respond to them right away.

Want to become a home selling expert? Use the aforementioned tips, and you should have no trouble mastering the house selling journey.




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