James Conforti and Domingo Medina - Coldwell Banker Residential Brokerage



Posted by James Conforti and Domingo Medina on 5/24/2018

In a competitive housing market--like the one we have today--sellers are fielding numerous offers, especially in desirable urban and suburban hubs.

If youíre hoping to buy your first or second home, it can be tough to make offer after offer with no success.

However, there are some things you can do to help ensure your time house hunting is well-spent and to increase your chances of getting your offer accepted.

In todayís post, Iím going to give you a few tips on how to win a bidding war on your dream home.

All-cash offer

The most effective way to ensure that your offer is accepted is to make it in all cash. Cash offers drastically simplify the real estate transaction process, making things easier on the seller.

Most buyers, especially first-time buyers, wonít be able to make an all-cash offer on a home. However, people who are downsizing after their children moved out or are buying a retirement home may find themselves in the ideal financial situation to be able to leverage a cash offer.

If that sounds like you, consider a cash offer as part of your bidding strategy.

Waive the financing contingency

If youíre new to real estate contracts, you might be wondering what a contingency is. Essentially, a contingency is an action that needs to be completed before the contract becomes valid and the sale becomes final.

There are a number of different contingencies that can be found in a real estate contract. However, the most popular are for inspections, appraisals, and financing.

If youíre planning on taking out a mortgage to purchase the home, a financing contingency protects you in case you arenít able to secure the mortgage in time. In other words, youíre not on the hook for a home you canít pay for.

In some special situations, buyers might decide to waive the financing contingency, signaling to the sellers that there wonít be any hang-ups or delays from the buyer regarding financing the home.

Waiving this contingency comes with risks (namely, being responsible for coming up with the money to pay for the home). However, there are ways to safely waive a contingency.

The most common approach is to get a fully pre-approved letter from a lender. The important distinction here is that your mortgage needs to be pre-approved and underwritten (not just pre-qualified), otherwise you again risk getting denied the mortgage in the last moments before buying your home.

Crafting a personal letter

Sometimes all it takes to win a bidding war is to be the sellerís favorite candidate. Take the time to write them a personalized letter. Explain what you love about their home and why itís perfect for your family.

Avoid talking about big changes youíll make. Remember that they probably put a lot of time and money into the home, making it exactly the way they want it, and wonít appreciate you making huge plans to undo their work as soon as theyíre out the door.


Using one, or a combination of, these three techniques, youíll be able to give yourself an edge over the competition and increase your chances of getting your offer accepted.





Posted by James Conforti and Domingo Medina on 5/18/2018

This Single-Family in Quincy, MA recently sold for $540,168. This Cape style home was sold by James Conforti and Domingo Medina - Coldwell Banker Residential Brokerage.


116 Oxenbridge Rd, Quincy, MA 02170

Single-Family

$479,000
Price
$540,168
Sale Price

8
Rooms
3
Beds
1
Baths
Beautifully renovated, sun drenched 3 bedroom home with a great floor plan for entertaining while maintaining that charming feel of your soon to be home.  This move in ready home features an enclosed porch, a large kitchen with stainless steal appliances, granite counter tops and plenty of storage, gleaming hardwood floors throughout, a beautiful fully renovated bathroom with double sinks and mirrors, plus custom radiator covers throughout. Play and entertain in the backyard with a large deck off the rear of the house. This 7 room home, which doesn't include the large basement space, is located within an easy walk to Wollaston T station, Boston Harbor beaches and views of the Boston skyline, easy access to the Bill Hill Reservations and convenient to major routes. Off street parking for 3 cars along with space in the detached garage. Don't miss this great opportunity.

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Categories: Sold Homes  


Posted by James Conforti and Domingo Medina on 5/17/2018

If your home has hardwood floors, youíre going to want to put carpets in and around the home. This helps to warm the space up both visually and physically. How do you know what size area rug to choose or what colors to choose? Itís quite simple. There are a few rules of thumb that you should know in order to help you choose the right rug for each room of the home. 


First, youíll need to measure the seating area. Youíll select the rug thatís the closest size up from those measurements. Choose the next size up from that so all of your furniture can rest on the rug. Alternatively, you can set the room up so that no furniture rests on the rugs and the carpet simply sits in front of the furniture. This is all a matter of taste.  


Fill The Room With A Rug


You can fill an entire room with a rug as well. Just measure the room and subtract a 2-foot perimeter around the room for floor space. 


Layer Your Rugs For A Great Visual Effect


You can create more definition in your room by layering rugs. You can put a smaller rug on top of a larger rug for something a bit visually interesting in the room. Smaller rugs help to define a seating area, so you would layer those rugs on top of a larger rug.


Furniture Movers


Placing movers or sliders under furniture is more than just for rearranging a room. These little disks help to protect both your hardwood floors and your carpets. Youíll have floors free from scratches, tears, and scuffs. If you think that furniture canít ruin carpets, think again!  


Dining And Kitchen        


For rugs in your dining area, the carpet should surround your table. The rug needs to extend out a bit beyond the focal point of the room. Measure about two feet beyond your table as a good rule of thumb. 


In the kitchen, make sure that your rugs are slip resistant. Put rugs near the places that you tend to stand the most like the sink and oven. You could put several area rugs in the kitchen to create a warmer feel in the room without making it hard to clean. 


Bedroom


In your bedroom, one of the most important purposes for a rug is having a soft, warm place for your feet in the morning. An area rug should extend out at least two feet beyond the bed itself, which is the focal point of the room. If youíre using smaller rugs, place them strategically so that your feet are warm yet the bed is still the main visual focus in the room. 


Color Choice


Remember that your rug should be an accent to a room. Your walls are the dominant color and your rug will only add to the beauty. Pick a color that blends well with the rest of the scheme of the room.




Categories: furniture   Decorating  


Posted by James Conforti and Domingo Medina on 5/10/2018


426 Main St, Stoneham, MA 02180

Condo

$339,000
Price

5
Rooms
1
Beds
1
Baths
Pristine, updated one bedroom condo featuring carefree living. Conveniently located to Rt.93 and 128 with direct access to public transportation (Boston within 40 minutes) Walking distance to restaurants, theater and much more. This unit offers an open concept living space, Crown molding throughout, gleaming hardwood floors, high ceilings, laundry in the unit, large master bedroom with ample closet space and a bonus room for an office, craft room or when company stops by. Updated kitchen with stainless steel appliances and granite counter tops . The unit comes with a parking space and access to the private deck.
Open House
Saturday
May 12 at 11:00 AM to 1:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 426 Main St, Stoneham, MA 02180    Get Directions

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Tags: Real Estate   condo   Open House   Stoneham   02180  
Categories: Open House  


Posted by James Conforti and Domingo Medina on 5/10/2018


426 Main St, Stoneham, MA 02180

Condo

$339,000
Price

5
Rooms
1
Beds
1
Baths
Pristine, updated one bedroom condo featuring carefree living. Conveniently located to Rt.93 and 128 with direct access to public transportation (Boston within 40 minutes) Walking distance to restaurants, theater and much more. This unit offers an open concept living space, Crown molding throughout, gleaming hardwood floors, high ceilings, laundry in the unit, large master bedroom with ample closet space and a bonus room for an office, craft room or when company stops by. Updated kitchen with stainless steel appliances and granite counter tops . The unit comes with a parking space and access to the private deck.
Open House
Saturday
May 12 at 11:00 AM to 1:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 426 Main St, Stoneham, MA 02180    Get Directions

Similar Properties





Tags: Real Estate   condo   Open House   Stoneham   02180  
Categories: Open House  




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