The Mavroules Team - Atlantic Coast Homes



Posted by The Mavroules Team on 11/16/2018

The process of buying a home is anything but cut and dry. There will undoubtedly be some twists and turns along the way. First, you need to be pre-approved for a mortgage. Then, youíll need to find a home that fits both your needs and your budget. Finally, youíll put in an offer on a place and hope for the best throughout the rest of the process.


There are plenty of things that you can do as a buyer to make buying a home both easier and more streamlined. Below, youíll find some of the best tips that are specifically for those seeking to buy a home. 


Give Them An Offer They Canít Refuse


When there is a low quantity of homes and a high number of buyers, competition can get fierce. When the market is like this, youíre not guaranteed to get a property that you put an offer on. It may take making several offers on homes in order for you to finally get the keys to your dream house. 


You never want your offer to be too low. A low offer could be insulting to sellers and instead of being countered, could just be outright refused. Make an offer too high and you still have a problem. A high offer may be accepted, however, itís not going to be approved by your mortgage company for you to borrow that much for the purchase. If an offer is accepted and a home appraises for less, you may be left with thousands of dollars that you need to pay on the spot in order to secure the home. 


The best way to present an attractive offer is to work with an expert realtor who can do the appropriate research and let you know what a good offer on the home would be.           


Know Your Contingencies


After an offer on a home has been accepted, you need to get to work on the contingencies that youíre going to want on the home. Your realtor will also be a huge advocate in this area. Contingencies will include things like the right to do a home inspection, the appraisal contingency, and the contingency that youíll only be able to move forward with buying the home if you have appropriate financing. These protect you as a buyer so that if something falls through, youíll be able to back out of the deal without a penalty.


Donít Go Credit Happy


Once your offer is accepted and your financing is in place, donít head out to buy tons of new furniture and appliances for your new home. Your credit matters until you get the keys to the house. Opening new credit cards or adding significant debt can affect your credit score negatively, possibly putting a damper on your home purchase. Hold off on making purchases until after you move into the house.    





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Posted by The Mavroules Team on 11/9/2018

Newly Renovated First floor apartment in an OWNER OCCUPANT 3 family home. This apartment features 5 spacious rooms including 2 BEDROOMS with plenty of closet space, eat in kitchen featuring GRANITE countertops plus bonus PANTRY with lots of cabinet space, updated bath, plus an OVERSIZED living room and dining room; lots of windows with plenty of sunlight! Additional features include New STAINLESS steel appliances - gas stove & refrigerator, BUILT IN HUTCH, updated fixtures, ceiling fans, HARDWOOD floors throughout & PARKING! Steps to Salem State University, Restaurants, Shopping & all Salem has to offer!

More Info on this Property | New Listing Alerts




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Posted by The Mavroules Team on 11/9/2018

Seize this rare opportunity to own an amazing 2 bedroom home in the highly desirable RIVERSIDE neighborhood. This SUN-SPLASHED move-in-ready ranch with EXPANSION POSSIBILITIES in the lower level is conveniently located near shopping, restaurants and the COMMUTER RAIL. Highlights include GLEAMING HARDWOOD FLOORS, newer roof, new windows, living room with working fireplace, plus a detached garage. Set on a gorgeous lot with plenty of CURB APPEAL, this home features a great fenced in backyard, perfect for enjoying your morning coffee while overlooking your professionally landscaped yard. Pride of ownership shows in this lovingly cared for home, just waiting for a new family to make it their own. Don't let this one get away!

More Info on this Property | New Listing Alerts





Posted by The Mavroules Team on 11/9/2018

The Massachusetts Homestead Law is a very useful law that was put into place as a protection of homeownersí property. The law may protect your home against the claims of creditors. The act applies to your home if: 

  • You live in the home or plan to live in it
  • You use the home or plan to use the home as your primary residence 

Things To Know About The Law


It does protect manufactured and mobile home

Homestead protection does not stop your home from being foreclosed on in the event that you donít pay your mortgage


Declaration Of Homestead


You must declare that your property is a homestead property in the state of Massachusetts. This declaration will protect the equity value of your home from creditors. The equity of your home is what the ďfair market valueĒ of the home is. To calculate this value, find out what the value of your home is, then subtract all home equity loans, liens, and mortgages that you have against the house. The number thatís left is what the equity value of your home is.


When a Declaration Of Homestead is in place, youíre protected from creditors who would otherwise force you to use your equity so that you you can repay the debts that are owed. Without this protection, creditors can foreclose on your home. The only creditors that a Homestead does not protect you from are home loan companies, the IRS and legal child support obligations. 


When the loan for your home is in good standing and a Homestead is in place in Massachusetts, the following applies:


A creditor cannot auction your home if you, other owners of your home, any family members, or any family members who move into your home at a future date live there. This means that even in the event of your death, these people will all be protected from creditors taking value from the property while they are living on the property. 


Key Points


Any family members who have debts and are living in the house are also protected under the Homestead Act in Massachusetts. 


$125,000 is automatically protected. 

A Homestead Declaration needs to be filed for up to $500,000 of protection to be initiated.  


How A Declaration Of Homestead Is Filed


Youíll need to go to the Registry Of Deeds in the county where the property is located in Massachusetts to file a Declaration Of Homestead. The document will need to be notarized and there is a fee associated with filing. You may be asked if youíd like to file the Homestead Protection during the purchase agreement signing for your Massachusetts home. Note that if a lien was put on your property before the Homestead Declaration is filed, you are not protected.


Talk to your real estate attorney and realtor for more details and information on how to file a Homestead Declaration when you purchase your Massachusetts home.




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Posted by The Mavroules Team on 11/2/2018

Pressure washing your home can be an excellent way to increase curb appeal on a budget. A good pressure washer can be used to clean vinyl siding, windows, driveways, decks and sidewalks.

You can buy, rent, or hire a pressure washer. And, there are a number of different types of machines available. So, in this post, Iím going to give you some tips on pressure washing your home to increase curb appeal and discuss which option might be the best for you.

Buying a pressure washer

If your next move is to a new home with vinyl siding and you plan on living there for several years. You may find that buying a pressure washer is the best option for you.

Many pressure washers pay for themselves after 3-5 uses. However, high end washers can be much more expensive.

The first thing to consider when buying a pressure washer is to determine what youíll need it for and how often youíll use it.

If you have a deck, sidewalk, or driveway that sit underneath pine trees, you can bet that theyíre going to get dirty frequently.

If you find yourself wanting a washer more than once a year, itís likely a safe investment.

Gas vs electric

Consumer pressure washers come in two main types: gas and electric. Gas-powered washers tend to be stronger (and therefore more dangerous). Theyíre also noisy and will require maintenance and tune-ups on occasion.

Electric, on the other hand, are better for less heavy duty cleaning. They tend to be cheaper, at around $100 - $250 each (vs $250 - $500 for a gas-powered washer), but you do sacrifice some power at the expense of cost and convenience.

Regardless of which option you choose, itís important to understand that pressure washers can be dangerous machines if not used correctly. Be sure to fully follow the instructions on your washer and to never point it at yourself, including shoes, or clothing.

Renting a pressure washer

If you donít want to deal with storage or maintenance, renting is a great option for a one-time job. Perhaps your next home will be a condo or townhouse where you donít have to worry about exterior maintenance. In these situations, a one-time rental can be a good option.

Power washers can be rented from many hardware stores, including The Home Depot. But, a quick Google search for your area should bring up multiple places to rent nearby.

Hiring a professional pressure washer

Pressure washing your home, driveway, or deck is a lot easier than scrubbing them with a brush. But, it still takes a good deal of time to go out and pick up the rental, return home, figure out how to set up the washer and then clean your entire home.

To avoid the headache (and the potential safety risks), many homeowners hire a local pressure washing company to do the job.

Hiring a company has its advantages; namely, when you hire a professional (one with good reviews on Yelp and Google), youíre going to get the best results.




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