The Varano Realty Group - Needham MA Real Estate


Posted by Adriano Varano on 6/12/2017

Once you move in with a partner, you know you have reached an important milestone in your relationship. For the first time, you could be talking about money with your partner. Whether you’re moving into an apartment or buying a home together, it’s important to break down how you’ll merge your finances together. 


While it’s one of the least romantic conversations that you’ll probably have as a couple, sharing your financial situation is one of the most vital. Below you’ll find some tips on starting that conversation and making it a smooth one.


Be Honest


In any relationship, honesty and communication are key. This is especially true when it comes to finances. There’s a lot that goes into your own financial picture, and it’s important that you share that with your partner. This is important for everything that will happen in the future including purchasing a home. Some things that your partner should know:


  • How much loan debt you have
  • A rough idea of your credit score and history
  • Your income
  • Your spending habits
  • Your saving habits

It’s important to know how another person’s habits will affect you as a whole when you’re thinking of making an investment together like a piece of property. Everyone handles money differently, and you should know how someone’s spending habits meshes with yours. Do they live paycheck to paycheck? Do they save money regularly? Are they financially strained? All of these questions help you to understand where you are similar and where you are different when it comes to money.



Have A Plan For How You’ll Divide Expenses


It may seem like a 50/50 split on expenses makes the most sense. For many couples it does. In other situations, if one person makes more money, they may need to pay a bit more of the costs. Some couples have one person pay the rent while the other takes the utilities on as an expense. Take amounts and percentages that you feel comfortable with and do what wrks best for the both of you. 


Remember that chores count too when it comes to dividing up the “expenses.” This is just an extra tip that will help you to build a stronger relationship in the long term and help to save arguments.


Use A Joint Account For Expenses


You should still keep your own bank accounts when you move in with a significant other.  All of your money shouldn’t be funneled into one singular account. Create a separate bank account for your expenses like rent or mortgage and utilities. All of your personal expenses should come out of your own respective accounts. 


Make Contracts


No matter how much you feel that you can trust a person, it’s always good to put everything in writing. This way, if there are any disputes in the future, you’ll always have a contract that you can refer back to. It’s also important to have these documents for things like security deposits or down payments. If the relationship ends at any point, it’s important for the person who paid for certain things to get their money back.     


Planning and tracking your finances when you move in with a significant other is important. It will certainly make your life easier if you have these conversations beforehand.





Posted by Adriano Varano on 5/1/2017

Ready to acquire your dream home? Although you might have already located your ideal residence, you may need to negotiate with a home seller. By doing so, both you and a home seller will be satisfied with the final results of a property transaction.

However, a homebuying negotiation sometimes can be tricky. And if you fail to keep your cool throughout a negotiation, you may miss out on the opportunity to purchase your dream residence.

What does it take to remain calm during a homebuying negotiation? Here are three tips to help you do just that.

1. Take Your Emotions Out of the Equation

Don't take it personally if a home seller wants to negotiate. Instead, view it as an opportunity to ensure all parties involved in a home sale get the best results possible.

In many instances, it's easy for homebuyers to let their emotions get the best of them. But if you feel overwhelmed by stress and frustration, it is essential to take a step back and assess the situation. That way, you can avoid making any rash decisions that could put your chance to purchase a top-notch house in danger.

Try to maintain a positive outlook throughout a homebuying negotiation. Also, don't hesitate to reach out to family members and friends for support, as these loved ones likely can help you analyze any homebuying hurdles and find ways to overcome them.

2. Know Your Options

You may invest many hours in a homebuying negotiation, and you might even make various concessions along the way. But despite your best efforts, there are no guarantees that your homebuying negotiation will be successful.

For homebuyers, it is important to remember that there are plenty of houses available in cities and towns nationwide. Therefore, if a homebuying negotiation goes sour, you can walk away and start a new search for a terrific home.

3. Consult with Your Real Estate Agent

When it comes to negotiating a home purchase, a real estate agent can make it easy to streamline the process of acquiring your dream residence. This housing market professional can serve as a liaison between you and a home seller. As such, he or she will do everything possible to deliver exceptional results for all parties involved in a homebuying negotiation.

Your real estate agent can take the guesswork out of a homebuying negotiation. This real estate expert can respond to any concerns or questions you may have throughout a negotiation. In addition, he or she will provide honest, unbiased recommendations to help you make informed homebuying decisions.

Perhaps best of all, your real estate agent can help you alleviate stress during a homebuying negotiation. He or she will provide you with world-class guidance, enabling you to stay calm, cool and collected as you search for your ideal residence.

Don't let your emotions overwhelm you during a homebuying negotiation. Conversely, use the aforementioned tips, and you can maintain your composure throughout a homebuying negotiation and boost your chances to acquire a first-rate house.





Posted by Adriano Varano on 4/17/2017

Spring represents a lovely time to buy a house. As such, many homebuyers enter the spring real estate market with a common goal – to find the best house at the best price.

What can you do to separate yourself from the homebuying competition? Here are three spring homebuying tips that you need to know:

1. Plan Ahead

The housing market moves quickly, and homebuyers who lack the necessary real estate skills and know-how may fall behind the competition. On the other hand, homebuyers who prepare for the spring real estate market should have no trouble discovering the perfect house.

Evaluate the real estate market closely. Consider your finances and the size of the house that you would like to purchase. Also, examine the prices of houses in your area and how long these homes have been available.

Ultimately, a diligent homebuyer will plan ahead as much as possible. By doing so, this individual will be ready to browse properties and submit offers on residences as soon as springtime arrives.

2. Get Pre-Approved for a Mortgage

Homebuyers who receive pre-approval for a mortgage can set realistic expectations for the spring housing market. These homebuyers will know exactly what they can afford, and as such, can narrow their home search.

Getting pre-approved for a mortgage will require you to meet with a bank or credit union and consider all of the financing options at your disposal. Each lender will be able to explain the differences between adjustable- and fixed-rate mortgages and respond to your mortgage concerns and questions as well.

With pre-approval for a mortgage, a homebuyer may stand out from the competition. This individual will be able to streamline the process of submitting an offer on a home. Plus, this homebuyer may be able to boost his or her chances of receiving a "Yes" from a home seller.

3. Hire an Experienced Real Estate Agent

An experienced real estate agent won't take shortcuts, and as a result, will go above and beyond the call of duty to help you find the perfect home in spring.

Hiring an experienced real estate agent may seem difficult due to the sheer volume of real estate professionals that are available. However, homebuyers who consider a real estate agent's reputation and credentials may be able to work with a great real estate professional who can guide them along the homebuying journey.

How do past homebuyers rate a real estate agent? Does a real estate agent possess many years of experience? And how will a real estate agent handle tough negotiations with a home seller? These are just some of the questions for a homebuyer to consider when he or she evaluates a real estate agent.

In addition, homebuyers will want to hire an experienced real estate agent who is available to answer their homebuying queries. This real estate professional will allocate the necessary time and resources to support a homebuyer and ensure that this individual can make informed decisions.

Employ an experienced real estate agent to help you find a home in spring. With this real estate agent at your side, you can move closer to purchasing your dream residence.




Categories: Uncategorized  


Posted by Adriano Varano on 4/10/2017

When you decide that you want to buy a home, you probably hope it will all happen overnight for you. There’s some bad news though. It can take between 6 weeks and 6 months to buy a home! It could take even longer if you face a few roadblocks or inventory happens to be low in your area. There’s so many variables when it comes to getting a place to live that everyone has a different experience during their home buying process. 


A Long Road


Even if you decide to buy a home today, and find a home you love tomorrow, there’s a bit of a “grace” period before you actually get to own the home. There’s many different steps that you’ll need to complete in order to successfully secure a home.  


Pre-Approval


The first step that you need to complete when you want to buy a home is that of getting pre-approved. The lender will look at your debts, income, and credit history in order to get a complete financial snapshot of you. With this information, the lender will be able to tell you just how much house you can afford. This will be given to you in the form of a maximum loan amount. If your loan amount is $300,000, you can’t be shopping for $400,000 homes. The pre-approval process generally only takes a few days, but everyone’s circumstances are different.


Get An Agent


Before you even start on the house search, you’ll need to find a real estate agent who can help you on your home search and knows how to secure the home transaction. Do a little research on agents in your area. You can also ask around amongst your family and fiends to see if they have recommendations. Who you pick for your agent can have an impact on how smooth your home search process and transaction will be. 


Start Searching For A Home


Start your home search online. With today’s technology, online home searches save those shopping for a home a lot of time. By simply looking at details and listing descriptions, you can narrow down the number of homes you‘d like to see in person. The online home search is a way to screen homes and eliminate the ones that you have no interest in. 


It never hurts if you are driving around and see a “for sale” sign. You can take down the address and look it up later. If you’re interested, you can always set up an in-person showing with your realtor.               


How Much Time Should You Expect To Spend? 


When it comes to how long you’ll be searching for a home, you’ll need to be realistic. If you’re only doing casual weekend searches, it could take a bit more time than if you have a bit more flexibility in your schedule. Then, you have the final steps to look forward to which include:


  • Negotiations
  • Mortgage underwriting
  • Escrow
  • Closing


All of these final steps can take varying amounts of time from a few weeks to a few months to complete. Patience and diligence are indeed requirements when it comes to buying a home.





Posted by Adriano Varano on 3/13/2017

Moving is a big adjustment for any of us, yet it can be hardest on the children in our lives. Moving can mean a new school for your kids and a whole lot of unfamiliar faces. There are a few ways that you can help kids adjust to the change of moving to a new place and help them to feel at home faster. 


Let Them Be Involved With The New House


As a child, it can seem like moving into a new house is all about adults. Kids may feel that they’re merely along for the ride. You can let the kids pick out some things in the house. What color should their room be? Can the kids give some input on a new piece of furniture? Make moving a family affair and allow everyone in the family to feel included to make the transition smoother. 


Get Enrolled In Local Activities


See what types of local activities are available for the kids (and you) to be enrolled in. From tennis lessons to summer camp to after school activities, there’s plenty of things in a community that you and your family can get involved in. If you can find an activity to participate in with your kids, it will only make it easier for them to feel comfortable meeting other kids. You can also get acquainted with other adults to get some more information and insight about your new community. Making new friends and doing something they love will help your kids to feel right at home. The kids will feel more comfortable i their new school as well if they get involved.  



Help Kids Stay In Touch With Old Friends


Moving isn’t all about making new friends. Kids can still keep in touch with their old friends. If you didn’t move very far away, schedule dates for your kids to meet up with their old friends. If you have moved across states, encourage your kids to keep in touch with old friends through phone calls and video chat meetings. They’ll know that someday, they’ll see each other in person again. These actions can help in the transition of moving as well, since kids will see that their old lives have not been completely lost and forgotten about.


Stroll Around The Neighborhood As A Family


One great way to get adjusted to a new neighborhood is to explore it by foot. Make it a point to take an evening stroll as a family. The kids can learn a bit more about the area and begin to feel more comfortable in their surroundings with your help. You’ll also make discoveries about your new surroundings as a family.




Tags: Buying a home   kids   moving tips  
Categories: Uncategorized