Nelson Zide
ERA Key Realty Services | 508-277-7794 | nelson@nelsonzide.com


Posted by Nelson Zide on 2/7/2018

This Single-Family in Framingham, MA recently sold for $349,900. This Split Entry style home was sold by Nelson Zide - ERA Key Realty Services.


8 Costa Cir, Framingham, MA 01701

Single-Family

$349,900
Price
$349,900
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Great house and cul-de-sac location. Beautiful flat backyard. Hardwood floors in living room, dining room and 3 bedrooms. Slider from DA to deck. Roof approximately 18 years. Windows approximately 8 years. Hot water tank approximately 3/4 years. Very livable home with some updating you have built-in equity. Double closet in master bedroom. Fiberglass tub wall and tile floor in bathroom. FP-FR in lower level and 2nd family room area as well. Half bath and laundry. Make this Yours!!

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Categories: Sold Homes  


Posted by Nelson Zide on 2/7/2018

If youíre hoping to buy your first home in the near future, youíre likely wondering about the different types of mortgages that you may qualify for. Since the 1930s, the Federal Housing Administration (FHA) has been insuring home loans for first-time homeowners across America.

This program helps people achieve homeownership who typically wouldnít be able to afford the down payment or pass the credit score requirements to secure a traditional mortgage.

In todayís post, weíre going to answer some frequently asked questions about FHA loans to help you decide if this is the best option for your first home.

Does the FHA issue loans?

Although theyíre called ďFHA loans,Ē mortgages are not actually issued by the FHA. Rather, theyíre issued by mortgage lenders across the country and insured by the FHA.

Will I have to make a down payment?

With an FHA loan, your down payment can be as low as 3.5%, significantly lower than traditional loans at 20% down payment. However, you will be required to pay private mortgage insurance (PMI) in addition to your monthly mortgage payments until you have paid off 20% of the home. So, the best case scenario would be to save as much as possible for a down payment to reduce the amount of mortgage insurance you have to pay.

What are the benefits of an FHA loan?

The three main reasons to secure an FHA loan are:

  • You can qualify with a low credit score

  • You can make a smaller down payment than traditional mortgages

  • Your closer costs will be less expensive

Where do I apply for an FHA loan?

You can apply for an FHA loan through a mortgage lender. You can also work with a mortgage broker to help choose a lender.

Is an FHA loan the only loan option for low down payments?

There are multiple loan programs offered at the state and federal level to help individuals secure a mortgage with a lower down payment. They can be provided by the Department of Veterans Affairs, the USDA, or state-sponsored programs. Lenders also often sponsor their own programs to attract potential borrowers. However, always make sure you compare these programs to make sure youíre making the best long-term financial decision.

Do all FHA loans offer the same interest rates and costs?

No. Since the loans are only insured by the FHA, itís up to the lender to determine your interest rate and fees. So, itís a good idea to shop around for the best lender.

How high does my credit score have to be to qualify for an FHA loan?

You can secure a mortgage with a down payment as low as 3.5% with a credit score of 580 or higher. However, if you can afford to make a larger down payment, you can secure an FHA loan with a credit score as low as 500.

If your score is in the 500-600 range, itís typically a better idea to spend a few months building credit before applying for a home loan.

What information will I need to apply?

Youíll need to gather all of the same information that you would for a typical mortgage. This includes W2s from your employer(s), two years of submitted tax forms, your current and former addresses from the past two years, and your gross monthly salary.

Iíve owned a house before, can I still qualify for FHA loans?

Even if youíre not a first-time homebuyer you can still qualify for an FHA loan. However, you cannot qualify if youíve had a foreclosure within the last three years or have filed for bankruptcy within the last two years.




Categories: Uncategorized  


Posted by Nelson Zide on 2/5/2018

This Multi-Family in Worcester, MA recently sold for $229,900. This style home was sold by Nelson Zide - ERA Key Realty Services.


50 Windsor Street, Worcester, MA 01605

Multi-Family

$229,900
Price
$229,900
Sale Price

2
Units
2,379
Approx. GLA
Great 2 family with 2 well maintained units! First floor features wood laminate flooring, recessed lighting 2 spacious bedrooms, a good size living room, a kitchen that allows for a generous dining table and a good amount of cabinet space. Second floor features hardwood floors that are in great condition, a combo living/dining room, a room that could be used as a home office and a spiral staircase leading to a front to back bedroom with hardwood floors and recessed lighting. The building is vinyl sided, has vinyl replacement windows, circuit breakers, one unit is heated with forced air by gas and the other by hot water baseboard by gas. There is parking for 3 vehicles off street and the location offers walking distance to Green Hill Park and has easy access to Rt's 290, 190 and just 15 minutes to I-495.

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Categories: Sold Homes  


Posted by Nelson Zide on 2/4/2018


17 Warren Street, Everett, MA 02149

Single-Family

$544,900
Price

10
Rooms
4
Beds
1/1
Full/Half Baths
Fabulous and move in condition home with lots of updates including solar panels, 4 year old gas H20 tank, newer Burnham boiler, roof approx. 10 yr., newer replacement windows, 200 AMP circuit breaker, custom blinds, redone eat-in-kitchen w/tile floor, black granite counters, tin ceiling, s/s appliances and large walk in pantry, hardwood floors and high ceilings in LR + DR. DR has built in hutch, playroom in rear, wrap around front porch, 3/4 bedroom on 2nd floor w/hardwood floor + 2 ceiling fans. 3rd floor 1 or 2 BR. 2 car detached garage + close to all needs including "T". motivated seller
Open House
No scheduled Open Houses

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Categories: Price Change  


Posted by Nelson Zide on 1/31/2018

When you sell your home, thereís a cost associated with getting a return on your investment. Certain mistakes that many sellers make when deciding to sell their home can actually cost thousands of dollars in expenses. Before you decide to sell, read on to see what you can do to avoid unnecessary consequences.


Hire A Professional To Sell Your Home


Many people think that they can sell their home on their own. Itís the best practice to hire a professional to sell your home. Even in a sellerís market, a realtor can help you to get the best price on the sale of your home.


Remove Your Things Before The Sale Of The Home


Your clutter will undoubtedly affect the value of your home. People canít see what their life would be like in your home if thereís too many things in the way. While one manís trash sometimes is another manís treasure, it certainly isnít in the case of selling your home. 


Donít Leave An Empty House For The Showing


While too much clutter is bad, it does make a difference for the home to actually be lived in. If possible, donít leave a completely empty home. Buyers need something to help them visualize what life will be like living in the home. Home searchers want to see how functional the home will be for them. 


Donít Neglect Repairs


You should take care of any repairs that need to be made before your home goes on the market. Any repairs that you donít make will likely be discovered during the home inspection. Before you even list your home, make sure that you take care of any major issues that are around your home like a leaky roof or cracked tile. This will save you a major headache later, because you wonít need to scramble to fix things after the home inspection. Buyers will also be more impressed with the home if thereís little to fix. 


Donít Overprice Or Underprice Your Home


If you donít properly price your home, it could lead to a few major issues. You may be left wondering if you could have made more money on your home. On the flip side, your home could sit on the market for a long time, leaving buyers wondering what could be wrong with your property as to why itís not selling.


Be Sure To Stage The Home


People will purchase a home based on what they see and how they feel. If your on-the-market home doesnít look polished, there will be less interest in it. You donít need to go overboard and make your home look like something out of a magazine, just make sure itís clean. Things like dirty laundry on the floor, trash laying around, and papers on the tables are big turn offs for buyers. 


With a little planning, the sale of your home should be a smooth and profitable one.







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