Ari Koufos
REALTY EXECUTIVES | 617-799-8948 | ari@arikoufos.com


Posted by Ari Koufos on 3/24/2020

Image by Free-Photos from Pixabay

As the home buying process nears the closing, both buyers and sellers need to prepare for the appraisal. This often the last step the lender requires before approving financing for the buyer, so it’s an important part of the home sale process.

What is an Appraisal?

An appraisal is an unbiased, professional evaluation of the value of a home or other piece of real estate. It takes a look at the property, its physical characteristics and the local market conditions to determine the fair market value of a property.

How Is an Appraisal Different from an Inspection?

The appraisal is similar to an inspection, but it is a separate step. In an inspection, the inspector is looking at details about the home and its condition that make it safe or unsafe to live in. The inspector is also comparing the home to current building codes to make sure the home is up to current safety standards.

An appraiser is simply looking at the home’s market value. The appraiser has rigorous training to learn how to evaluate property values and puts that to work to evaluate yours.

How Does the Home’s Appraisal Impact the Home’s Sale?

Lenders want to know that they’re lending no more than the home’s actual value, because they don’t want to have a borrower upside down in a home loan at any point. If the home does not appraise for what the buyer is offering, the loan amount will not be approved. This either means the buyer can walk away or the buyer and seller can renegotiate the terms to match the appraised value.

How to Improve the Appraisal Value on a Home

Sellers who are worried that a home may appraise too low can take some steps to improve the appraisal value. Repairing cracks in the plaster or stains on the wall, for instance, before the appraisal can help improve its value. Odors and staining on the carpeting should also be addressed before the appraiser comes. Improving curb appeal and showing details about improvements and repairs that are high in value are also helpful in boosting the home’s potential value.

The home appraisal is a critical step, and often one of the last hurdles between initial offer and closing. Both sellers and buyers need to understand this step, so they can avoid unhappy surprises when the appraisal report comes back. If a home is competitively priced and well taken care of, the appraisal shouldn’t be a problem in the overall sale of the home.




Tags: appraisal   buyer   home sale  
Categories: buying  


Posted by Ari Koufos on 3/18/2020


30-32 Clyde Rd, Watertown, MA 02472

Multi-Family

$1,195,000
Price

3
Units
3,585
Approx. GLA
Family owned and occupied 3 family home located in one of Watertown's finest neighborhoods near the Oakley Country Club. This home consists of over 3500sq ft of living! First floor offers a nice living room with fireplace. Formal dining room with built-in hutch. Nice kitchen with separate pantry. 2 good sized bedrooms with bonus heated sunroom. Second floor consists of 6 rooms 2 bedrooms 1 bath. Living room w/fireplace, formal dining room with built-n hutch, updated kitchen, 2 bedrooms plus heated sunroom. Top floor unit has vaulted ceilings, 2 bedrooms, 2 bathrooms, galley kitchen, great views. Wall controlled heating & cooling unit on third level. Roof, windows, electric has been updated in past years. Plenty of off street parking included. Perfect opportunity for a long-term investor or Owner occupied home.
Open House
Saturday
March 21 at 12:30 PM to 2:30 PM
More Open Houses
Cannot make the Open Houses?
Location: 30-32 Clyde Rd, Watertown, MA 02472    Get Directions






Categories: New Homes  


Posted by Ari Koufos on 3/18/2020


30-32 Clyde Rd, Watertown, MA 02472

Multi-Family

$1,195,000
Price

3
Units
3,585
Approx. GLA
Family owned and occupied 3 family home located in one of Watertown's finest neighborhoods near the Oakley Country Club. This home consists of over 3500sq ft of living! First floor offers a nice living room with fireplace. Formal dining room with built-in hutch. Nice kitchen with separate pantry. 2 good sized bedrooms with bonus heated sunroom. Second floor consists of 6 rooms 2 bedrooms 1 bath. Living room w/fireplace, formal dining room with built-n hutch, updated kitchen, 2 bedrooms plus heated sunroom. Top floor unit has vaulted ceilings, 2 bedrooms, 2 bathrooms, galley kitchen, great views. Wall controlled heating & cooling unit on third level. Roof, windows, electric has been updated in past years. Plenty of off street parking included. Perfect opportunity for a long-term investor or Owner occupied home.
Open House
Saturday
March 21 at 12:30 PM to 2:30 PM
More Open Houses
Cannot make the Open Houses?
Location: 30-32 Clyde Rd, Watertown, MA 02472    Get Directions






Categories: Open House  


Posted by Ari Koufos on 3/18/2020


30-32 Clyde Rd, Watertown, MA 02472

Multi-Family

$1,195,000
Price

3
Units
3,585
Approx. GLA
Family owned and occupied 3 family home located in one of Watertown's finest neighborhoods near the Oakley Country Club. This home consists of over 3500sq ft of living! First floor offers a nice living room with fireplace. Formal dining room with built-in hutch. Nice kitchen with separate pantry. 2 good sized bedrooms with bonus heated sunroom. Second floor consists of 6 rooms 2 bedrooms 1 bath. Living room w/fireplace, formal dining room with built-n hutch, updated kitchen, 2 bedrooms plus heated sunroom. Top floor unit has vaulted ceilings, 2 bedrooms, 2 bathrooms, galley kitchen, great views. Wall controlled heating & cooling unit on third level. Roof, windows, electric has been updated in past years. Plenty of off street parking included. Perfect opportunity for a long-term investor or Owner occupied home.
Open House
Saturday
March 21 at 12:30 PM to 2:30 PM
More Open Houses
Cannot make the Open Houses?
Location: 30-32 Clyde Rd, Watertown, MA 02472    Get Directions






Categories: Open House  


Posted by Ari Koufos on 3/17/2020

In today's real estate market, hardwood floors are a highly desired feature in a house. Potential buyers are often turned off by homes with carpeted floors because it's almost impossible to keep them clean. Time is not on your side when it comes to maintaining nice-looking carpeted floors!

No matter how careful you are, sooner or later someone's going to knock over a glass of grape juice or wine -- and that's only the short list of accidents waiting to happen! While dogs and cats can be a wonderful addition to any family, they are not a friend of floors -- either carpeted or hardwood.

In theory, hardwood floors are easier to clean than carpeting because of the absorbency factor. If your carpeting hasn't been treated with a stain-resistant chemical, it will quickly absorb stains, spills, and pet accidents faster than you can clean them up! Although the latest carpeting materials are much more stain resistant than earlier versions, spills that are not noticed and cleaned up quickly may cause permanent damage.

Spills, water, and pet urine can also wreak havoc on hardwood floors, so a quick response is essential to preventing damage. Here are a few other tips for keeping your floors looking clean and beautiful.

  • Door mats can be helpful in minimizing the amount of dirt and grit that gets tracked into your home. What homeowners and even housekeepers sometimes forget is that door mats need to be shaken out on a regular basis. If they're not, dirt, soil, and other debris will accumulate on the mats, causing them to create more of a problem than a solution! Door mats need to be replaced periodically, too, when they become too worn down or wet to be of any use.
  • Shoe removal: This is a difficult policy to enforce, but it will make house cleaning and floor maintenance easier and more effective. Whether you're talking about carpeting or hardwood floors, shoes are invariably going to track in dirt, grime, water, mud, and other miscellaneous contaminants!
  • The right cleaning methods: Although it's always a good idea to follow manufacturer recommendations when cleaning any type of flooring, hardwood floors often need to be treated with more care than their carpeted counterparts. Since there are a lot of ways to scratch, dent, or gouge hardwood floor surfaces, it's crucial to avoid trying to scrub away spills or stains with any abrasive material. To remove potentially damaging grit, floors should be regularly cleaned with a soft dust mop or broom with soft bristles. Ideally, your vacuum cleaner should also be padded on the bottom to avoid scratching the finish of your wood floors.
While any kind of flooring can be subject to wear and tear over time, the good news is that you can take preventative steps to protect your floors and keep them looking great for many years to come!