The Varano Realty Group - Needham MA Real Estate


Posted by Adriano Varano on 8/21/2017

Americans spend a little more than 25 minutes a day commuting to work. Add in the time that it takes to get home and Americans are spending nearly an hour a day getting to and from work. To improve your commute, you could join city transportation committees and push for roadway upgrades and public transportation expansion. But, it takes time to see the results of those efforts.

Measurable big city residence savings

Moving into a house in a big city is a quicker path to a shorter work commute. Time and auto maintenance savings aren't the only ways that you can save money if you move to a big city. Other money savings that you could enjoy after you take up residence in a big city are:

  • Auto expenses - It's not just auto maintenance costs that you can save if you rent or buy a house in a big city. You can forego a car in many big cities. Instead of paying monthly auto payments and auto insurance, you can pocket that money. You can also use the money to build your savings.
  • College tuition - Respected colleges and universities are located in major towns. As a big city dweller, you can save on college tuition, because you'll qualify for the lower in-state tuition rates.
  • Thrift shops and consignment stores - Forget shopping at upscale stores, designer shops and malls. Take advantage of lower prices at thrift shops and consignment stores.
  • Roommates - Split the cost of renting an apartment or renting a house in a big city. Take in a reliable and a safe roommate. College students living in a big cities regularly take advantage of this housing savings.
  • Exterior house costs - Yards are often smaller in big cities. Save on yard equipment if you take up residence in a big city. For example, you can save on fertilizer, snow blowers and hedge cutters.
  • Higher paying jobs - Fortune 500 companies are often headquartered in big cities. You could earn thousands more a year if you work in a big city.
  • Work from home - Open a home business. Reserve space at a temporary office to conduct meetings with potential clients. Attend networking and social events in the city to find new clients. There are plenty of opportunities to network with financially successful prospects in big cities.

Don't rule out moving to a big city during your house search. Ask colleagues, friends and relatives to recommend realtors that charge reasonable commissions. You could also try out big city living by closing on a rent-to-own home. Try to get it written into your rent-to-own contract that you'll be refunded a certain portion of your rent should you decide not to buy the house. Also, put the price you agree to pay for the house, should you decide to buy, into the written contract.

Continue to save for a down payment while you rent. Another thing to do if you rent,instead of buy a house, in a big city is to take actions that strengthen your credit. Do this and not only can you save by living in a big city, you'll position yourself for greater savings when you do buy a house.




Tags: big city living   moving  
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Posted by Adriano Varano on 8/14/2017

Once you have signed the purchase and sales agreement, the property will be appraised by a licensed appraiser. The home appraisal is an estimate of what the property is valued at. The appraisal takes into account a number of factors such as the location of the home, the condition of the house, and recent sales of like homes in the area. The value that is determined by the appraiser is the maximum amount that can be loaned out by a mortgage company.   


If youíre buying a $300,000 home, but the appraisal comes back at $297,000, youíll need to pay the remaining $3,000 out of pocket in addition to the down payment and the closing costs that are paid up front at the time of purchase.


If the appraisal comes in too low, you might not have the necessary funds in your bank account to actually make the purchase of the home. Since you have already signed the purchase and sales agreement, you have signed a legally binding contract that states that you will in fact buy the home from the seller. If you break the agreement, youíll lose your deposit, which could be a significant sum of money.  



The Appraisal Contingency


Most purchase agreements contain something called an appraisal contingency. This is an out for the buyer in the case of a low appraisal. If the appraisal is less than the agreed upon price, thereís a way for you as a buyer to get out of the contract without it taking a hit on your finances. You need this contingency to protect you.  


Is Waiving The Appraisal Contingency Is A Good Idea? 


You could be in a situation where you might consider waiving the appraisal contingency. This would be a case where you agree to pay the entire amount of the contact price, even in the event of a low appraisal. This gives the seller a clear message that you want the home no matter what. The only way that you should even really consider doing this is if there is a lot of competition for the home that you want to purchase. If an appraisal comes back much lower than expected, youíll be expected to make up the difference in price. In most cases, itís a good idea to keep the appraisal contingency in the agreement to protect yourself as a buyer.


How To Know For Sure


This is why itís so important to hire a real estate agent. In many states, agents are able to give you advice on the best course of action for buying a home. You can also hire your own attorney to help you through the legal portions of the home buying process. In other states, attorneys are required for the sale of a home. These lawyers will be able to advise you as a buyer whatís in your best interest. Your attorney is there to protect you!





Posted by Adriano Varano on 8/11/2017

Medfield, MA:

This Single-Family in Medfield, MA recently sold for $1,081,000.
This is a Colonial style home and features 12 total rooms, 5 full baths, 1 half bath, 5 bedrooms, 0.46 acres, and was sold by
Adriano Varano - Keller Williams Realty




Categories: Uncategorized  


Posted by Adriano Varano on 8/7/2017

Radon has no smell, taste, or color. It is a transparent, radioactive gas. Radon is released when the uranium that is contained in the soil and rocks decays over time. The reason that radon is an issue in a home is because it is released through cracks or openings that exist in the foundation. If too much radon is present in the home, the radioactive particles can attach themselves to dust particles, causing people in the home to breathe the harmful substance in.  


What Is A Radon Test?


The radon test is conducted over the course of two days. A testing machine or canisters are placed on the lowest habitable level of a home being tested. This would be either on the first floor or in the finished basement level of the home. The cost of a radon test isnít very much, ranging anywhere from $65 to $125. The radon test is typically part of the home inspection, but sometimes other circumstances warrant a test or re-test. The canisters take a bit more time to produce results than the testing machines do, so confer with your inspector before the test is done.   


The Basics


One thing you should know is that radon is always present. The level of radon fluctuates constantly. The test is conducted over a two day period to get the average level of radon in the home. The Environmental Protection Agency considers levels of radon at or above 4 pCi/L to be unsafe. If this is found to be true, there is a solution, however, as systems that lessen the amount of radon in the home can be installed. These can come with a hefty price tag, costing anywhere from $1,000 and up.   


Radon Levels


Radon levels will vary on a daily basis. They can also vary by season, with weather conditions and with the amount of available ventilation. Structural changes that have been made to the home can also have an effect on the levels of radon in the home. If you are getting ready to sell your home and already have a radon mitigation system installed, you may want to test the levels before you even put your home on the market to know what youíre working with. The system may not be working properly, or the levels may have faced a sharp increase, making it hard for the removal system to keep up. 


 With the proper installation of a radon removal system, the air in your home will be safe to breathe. If you put an offer in on a home and the home inspection finds that there are unsafe levels of radon present, at least youíll know what youíre dealing with. If you decide that the home is not the place for you and your family, even with a removal system, youíll walk away from the deal informed. If youíre a seller, beware that the level of radon in your home could affect the sale. Although radon sounds like a scary thing, itís manageable. Radon tests and removal systems help to keep the levels safe.




Tags: radon   testing for radon  
Categories: Uncategorized  


Posted by Adriano Varano on 7/31/2017

House title search fees, mortgage application fees, mortgage insurance, homeowners insurance, property taxes and homeowners association fees are only a part of the cost of owning a house. There is also the mortgage principal, home appraisal fee, closing costs, home inspection fees and mortgage interest to pay after you buy a house. Facing all of these and other costs takes thought.

Three simple steps to home ownership and lower mortgage payments

By preparing to buy and maintain a house, you could save big over the short and the long term. Get creative and you will see that there are many ways to save for your home. Three simple ways that you can save for your home are to:

  • Open a home savings account. Do this at least two years before you buy a house. Set up an automatic deposit so that money goes into the account each time you receive your payroll check.
  • Use money from your bonus check or tax return to invest in your house down payment. Start doing this early, as soon as you graduate from high school, and you could save several thousand if not tens of thousands of dollars.
  • Work a second job or freelance. Invest all of the earnings from this work into your home savings account. You could sharpen your talents by using these abilities to generate income. For example, if you have design skills, you could start your own web design or marketing design company and use earnings from sales to build a down payment on a house.

Splitting the down payment with another adult you buy a house with is another way to make smart house buys. Hold yourself and other adults who will be living in the house responsible for making their portion of the monthly mortgage. Split house maintenance costs as well.

Get serious about saving money to buy your first house

As soon as you decide to buy a house, start taking steps to save for your home. For example, if you know that you want to buy a house two years after you graduate from college, start saving for a down payment while you're still in college or as soon as you graduate.

Learn how to build and manage a budget. Depending on how disciplined you are, you might benefit from working with a line item budget. If you live at home, slowly work your way up to saving enough each month to cover the mortgage on the type of house you want to buy.

Do this for two years and you could save a healthy down payment on a house. Focus on what it takes to get your monthly mortgage payments down to where they only require 25% or less of your total net income and you be financially comfortable throughout the home buy and maintenance process.

You might even have enough money to add one or more rooms onto your house, increasing the total value of your property. This single step could position you to yield a profit should you decide to sell your house.




Tags: home   homeowner  
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