You saved all your money for a down payment on a house and calculated
the costs of the mortgage but wait just a minute…owning a home also
comes with several hidden costs. Those costs can add up. So before you
buy your home, here are additional home-related expenses you’ll want to
include in your budgeting:
Real Estate Taxes – Often your real estate taxes are
included in your monthly mortgage payment but in some instances you may
pay them directly. The amount of taxes you pay varies depending on the
value of your home’s and the tax rate in your community.
Private Mortgage Insurance – Your monthly mortgage payment
may also include PMI (private mortgage insurance). Lenders typically
charge a PMI if your loan exceeds 80 percent of the sales price.
Homeowners Insurance – Most banks require that you hold
homeowners insurance. Homeowner’s insurance protects from damage to the
home from things like fire, theft or weather. Just because you have
insurance doesn’t mean there are no costs to you remember to set aside
your deductible.
While owning a home does have hidden costs the gain of homeownership is always more than the cost. Contact your Coldwell Banker Upton-Massamont Agent today for a detailed look at homeownership.
Wednesday, January 8, 2014
Thursday, November 15, 2012
Market Watch for Franklin & Hampshire Counties
The table below is a quick look at single family sales in Franklin
& Hampshire Counties for October 14th-November 14th. This is a good
example of the activity we have seen for the past several months. With
415 single family homes on the market in Franklin County and 667 homes
in Hampshire County, supply appears to be holding steady. Interest
rates continue to remain low and with that in mind, this may be the
right time for you to consider your next move. Call one of our Coldwell Banker Upton-Massamont REALTORS to see how we can help you fulfill your home ownership goals.
To see Single-Family Homes in Hampshire County, MA click HERE.
Wednesday, June 27, 2012
Tuesday, June 12, 2012
In the Market for a VACATION HOME?
A summer home away from home can be a relaxing way to escape from the daily grind and enjoy quality time with friends and family. A vacation home is a large investment and some individuals may be on the fence about buying a home strictly for summer or winter seasons. However, there can be several pros to making a purchase, and taking several financial and personal factors into consideration may help consumers make the right decision for them. . . . . Read more.
Check out these Lake Properties
6 Lake Drive Goshen, Massachusetts |
116 Taylor Brook Road Heath, Massachusetts |
178 Buckland Road Ashfield, Massachusetts |
23 Pelham Drive Rowe, Massachusetts |
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