T. Jay Johnson Jr. - RE/MAX Property Promotions



Posted by T. Jay Johnson Jr. on 8/18/2017

Before you kick off a home search, it is important to differentiate an ordinary house from a dream residence. That way, you can set realistic goals for your home search and accelerate the process of acquiring a house that matches your expectations.

Ultimately, each homebuyer's definition of a dream home varies. But for homebuyers who want to streamline the search for a dream home, there are several home factors to consider, and these include:

1. The Age and Condition of a Home

Dedicate the necessary time and resources to learn about a home's age and condition – you'll be glad you did. With these home insights, you can determine whether a home will require substantial repairs in the immediate future.

To evaluate a house's age and condition, you should hire a home inspector. This professional will examine a residence both inside and out and search for any structural problems with the property. Then, the home inspector will provide a detailed report that outlines any home issues.

A home inspection offers a valuable learning opportunity, one that can help you determine if a house is right for you. And if a home inspection reveals your dream home is actually a dud, you can always rescind a home offer and reenter the housing market.

2. A Home's Price

Many people want to own large, extravagant mansions. Yet the costs of these properties can be prohibitive, which is why most homebuyers search for houses that fall within a specific price range.

As you prepare to search for your dream home, you should get pre-approved for a mortgage. This will enable you to enter the housing market with a budget in hand and avoid the temptation to spend too much on a house.

Also, it is important to realize that no home is perfect. Although you may search far and wide for a dream house that has all the amenities and features that you want, you'll likely need to make trade-offs to find your ideal residence.

Creating a list of must-haves and wants for your dream home usually is a great idea. This list will enable you to narrow your home search, evaluate properties that fall within your price range and discover your dream home faster than ever before.

3. A Home's Location

Consider where you want to live before you launch a home search. By doing so, you can identify available houses in certain cities and towns and map out your home search accordingly.

Think about what's important to you in terms of home location. For example, if you want a home that's close to your office in the city, you may want to search for residences in or near the city itself. Or, if you want to live close to the beach, you can explore properties that are conveniently nestled along the beachfront.

Lastly, if you need help finding your dream home, you should hire a real estate agent. With a real estate agent at your side, you should have no trouble making your homeownership dreams come true.




Categories: Uncategorized  


Posted by T. Jay Johnson Jr. on 8/11/2017


32 Charles Street, Fitchburg, MA 01420

Multi-Family

$239,900
Price

3
Units
4,578
Approx. GLA
LARGE 3 family home looking for new owners. Each unit offers 3 bedrooms, a living room, dining room, and kitchen. Pantry area/laundry connection in all units. Plenty of wood flooring and detail throughout. Walking distance to commuter rail, FSU, and downtown. Close to shopping, dining, fitness, and more. Separate utilities. Rubber roof replaced in 2001. Off street parking. Storage shed. Two units vacant and ready for immediate occupancy. Schedule your appointment today.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by T. Jay Johnson Jr. on 8/11/2017

If you’re looking for a bargain on a home, there are ways that you can tell a seller is ready to give you a great price. 


The Vocabulary Is Right


Sellers who really want to get rid of their property will never say it directly on a listing. Yet, there’s so many different keywords that can help you to distinguish which sellers are in a rush to sell. These words can be found in the listing and include:


  • Motivated seller
  • Priced to sell
  • Needs TLC
  • Bonus offers for closing within a certain timeframe

These keywords and phrases signal that a seller truly is “motivated.”


Your Agent Gets The Inside Scoop


Sometimes, a seller’s agent will tell a buyer’s agent outright that their client is looking to sell in a hurry. This can help you and your agent to work together to make a good offer and get a good deal on the home. 


A Home Has Gone On And Off The Market


If a home has been on and off the market for some time, it’s a good bet that you’ll be able to get a good deal on the home. If a buyer backs out, it can really put the seller in a bind. If this has happened several times over a period of time, you may have a good shot at getting a good bargain on a home. Your realtor will be able to research the property history and help you find out exactly what happened to the home in the past. This way, you’ll know what you’re getting into with the property and if you have a good shot at making a deal.  


Choose The Right Season


At certain times of the year, such as winter where there are fewer listings, sellers are generally more motivated. There’s less competition along with less buyers. Anyone who is looking during these times may be able to get a better deal on a home they love because of the low supply and demand.  


A Really Good List Price


If the listing price for a home is a real bargain to begin with, you may have a motivated seller on the other side of the listing. A seller who needs to make a quick sale will often put the home on the market at a great price right from the start. This is all in hopes that the home will fly off of the market. 


A low price can also be a bit of a red flag. The seller may have listed the home at a bargain price in hopes of a bidding war between buyers. If you don’t want to get into the competition of trying to outbid another buyer, you may want to avoid homes listed at seemingly too-good-to-be-true prices.   


If you’re looking for a hidden bargain on a home, you can see that there are ways that you can find it pretty easily. Happy house hunting!





Posted by T. Jay Johnson Jr. on 8/4/2017

One of the best things that you can add to your home is a solar power system. These can be costly but they save you a lot in the long term on utility costs. While government programs have scaled back for these energy saving improvements over the years, there’s still many benefits to them. You can even get a loan specifically for installing solar power to your home.


Before you take the leap, you’ll want to know for sure if solar will really add value to your home. Of course, you want a return on your investment. 


The good news is that there’s no doubt about it that installing solar panels does definitely add value to your home. There’s one caveat to the value: You should own your   solar power system as opposed to leasing it through a solar company or a power purchase agreement. 


Homes that have solar panels sell for more money simply because they offer a definite return benefit to the future owner. 


Does A Leased Solar System Offer The Same Benefits?


Owning your solar system will save you more money in the long run than leasing your system. When you own a solar power system, the FHA requires that the total value of your solar system be added to the total value of your home when you go to sell it. If you lease the panels, this value cannot be added to the home during an assessment.   


If you have financed the system, the rules may be a bit more lenient. While you technically don’t own the system, you are paying towards owning the system yourself. Each lender will have their own standards for this, so check with them for specifics, as your home must meet certain standards and eligibility requirements. 


Securing A Mortgage With A Leased Solar System


If someone is looking to secure a mortgage with a leased or currently unowned solar energy system, there are a few hurdles that you might face through the process. These problems include:


Solar lease payments must be included in the buyer’s debt-to-income ratio. 

The panel owners must have a third-party insurance to cover damage to the property that’s being mortgaged in the event of malfunction or faulty installation of the panels.         


Solar Panels Are An Overall Great Investment


It’s really hard to go wrong if you purchase or finance your solar panel system. As long as you own the system, value will be added to your home. You’ll also save on your own utility bills. Your home will undoubtedly become more attractive to buyers if you decide to sell your home in the future.




Categories: Uncategorized  


Posted by T. Jay Johnson Jr. on 7/28/2017

Job responsibilities, maintaining a home, and meeting the growing needs and demands of your family can feel overwhelming at times! It's not always easy to juggle a busy schedule, balance your budget, and make sure your bills get paid on time. The ideal scenario is to organize your life in such a way so that you're not allowing priorities to slip through the cracks.

In many ways, keeping your life under control is a lot like building a house. In both cases, you have to make sure you're creating a strong foundation that will provide support and long-term stability for your current and future needs. Easier said than done, but it's a goal worth doggedly pursuing!

It's All In Your Head... Mostly!

Half the battle to being in control of your life is feeling like you're in control, and that feeling often hinges on being able to see evidence of those circumstances. Whether the feedback you're getting from your environment is positive or negative, it's going to have a direct impact on your energy level, your attitude, and your confidence. That's why it's important to control the things you can -- and recognize the ones that are outside of your control.

Not paying your bills on time is one of those aspects of life that can have a lot of repercussions, over time, especially if you're chronically forgetful, disorganized, or overextended. When you think about it, there are a lot of sound reasons for staying one step ahead of your due dates. The primary reason is that paying your bills in a timely way will help you maintain a high credit score, which is valuable when applying for a mortgage, a home improvement loan, or some other form of financing.

There are also two other compelling reasons to avoid missing payments or due dates:

  1. Sending in late payments creates additional stress in your life, and you probably have more than your share of that, now! Many people don't recognize how insidious and damaging stress can be, both to our mental and physical health. In some cases, stress is avoidable or can be controlled by taking preventative action.
  2. Receiving "past due" notices and allowing your credit score to slip can and does have a negative effect on your self esteem. Once that starts happening, it can undermine and impact other important aspects of your life, including job performance, relationships, and even dietary and lifestyle choices. Remember that "a chain is only as strong as its weakest link".

While some financial problems may require professional help to get them resolved, others can be nipped in the bud by examining and sometimes shifting your priorities, increasing your awareness of when payments are due, and resolving to build a strong financial foundation that will support you and your family through thick and thin.