Melissa Barth - Freetown, MA Real Estate, Lakeville, MA Real Estate, Berkley, MA Real Estate


If you’re buying your first home, there are plenty of things that you’ll need to know. Being informed will allow you to avoid some of the most common mistakes that first-time homebuyers make. These errors and their remedies can be found below. Don't join the crowd and make an error, know before you buy. 


They Don’t Have Enough Funds


Every homebuyer plans for mortgage payments. Not every buyer plans for all of the other costs that go along with buying a home. Just because you can afford mortgage payments doesn't;t necessarily mean that you can afford the house. 


There’s so much financially that goes into owning a home. You’ll need to plan for things like home maintenance, insurance, taxes, closing costs, and more. All of this will need to be saved ahead of time in order to buy and maintain a house. Things like property tax and insurance can go up yearly, and these costs can be very unexpected. 


Not Securing A Loan


If you don’t secure a loan first and find the home of your dreams, you could be in for trouble. If you haven’t been pre-approved for a mortgage, finding a home and putting an offer in is a bit riskier. Many buyers don’t realize that they can’t qualify for the amount of loan that they think they can. Getting pre-qualified allows buyers to understand just how much house they can afford. 


Avoiding Real Estate Agents


If buyers go it alone, they are taking a risk. The seller pays the real estate agent fees in a home transaction. You really have nothing to lose getting a professional to help you. From there, your agent can recommend all sorts of professionals to assist you in your home search including lawyers, mortgage companies, home inspectors, and others. It’s essential for a smooth home transaction to work with people who are experienced and know what they’re doing.    



Depleting Your Savings


When you buy your first home, you’re going to need a reserve of cash beyond what you have saved for a downpayment. This cash includes an emergency fund, money for repairs, furniture, new appliances, and other unexpected expenses. If you use all of your savings on a downpayment, you’ll be in a dangerous financial situation. Just make sure you have saved enough extra for a rainy day fund.


Opening New Accounts


Before your loan is closed, you should be frozen- financially frozen that is! Don’t open any new accounts. It can be tempting to head out and buy a new car that will look good in your new driveway or to fill your house with all sorts of brand new furniture, but you should wait. Once you get the keys to your new home, you’re in the clear to spend again and open new accounts. You don’t want to overextend your budget of course. Just be sensible!      



This Single-Family in Rochester, MA recently sold for $395,000. This Raised Ranch style home was sold by Melissa Barth - Safe Harbor Realty.


Rochester, MA 02770

Single-Family

$399,000
Price
$395,000
Sale Price

9
Rooms
4
Beds
2/1
Full/Half Baths
ROCHESTER MA~ RARE FIND! 4 BR, 2.5 BA Home in the wonderful neighborhood of Old Orchard Estates! These owners have remodeled and upgraded virtually every part of this home; from windows, doors, sliders, hardwoods, roof (40 yr shingles), to all new 4 bedroom septic system!The kitchen has quartz countertops,cork flooring, expanded spice drawer and a convenient counter for multitasking. It overlooks the eclectic sunroom, which has a woodstove, and surrounding full windows for inside/outside living. Fabulous views of the slate patio, organic garden, circular fire pit and gathering space! Bring on the s'mores! This is truly what Rochester is about! Neighborhood trails take you to the gorgeous waterworks and bogs. Local equine paradise with year-round barns, riding lessons, outdoor concerts, and trails! Ranked school systems with highly competitive athletics and arts, close commute for Boston, Providence and Cape Cod. Getaway nature expansive feel while being central to everything!The best!

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This Single-Family in New Bedford, MA recently sold for $275,000. This Cape style home was sold by Melissa Barth - Safe Harbor Realty.


New Bedford, MA 02745

Single-Family

$269,900
Price
$275,000
Sale Price

5
Rooms
2
Beds
1
Baths
OPEN HOUSE CANCELLED FOR SUNDAY 4/28/19, Offer Accepted! Welcome home to this charming cape situated on a corner lot in the north end. This home is currently a 2 bedroom with expansion possibilities to add another 1-2 bedrooms and bathroom on the second floor. Kitchen was gutted and completely remodeled in 2018. Hardwood floors throughout the living room, hallway and bedrooms. The family room offers a beautiful stone fireplace with gas insert and sliders out to a covered porch overlooking the fenced in back yard. The one car garage also has storage above. Many upgrades have been done which include: Hardwood floors (2014), Hot water tank (2015), Family room remodeled (2017), Bathroom remodeled (2017) and New electrical panel (2018).

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21 Church St, Taunton, MA 02780

Rental

$1,400
Price

5
Rooms
3
Beds
1
Baths
This beautiful first floor unit has been completely remodeled down to the studs. Some of the many features include; new kitchen with tile backsplash and gorgeous designer cabinets, New Tiled Shower with Tub, Laminate Wood Floors throughout and generous size living room with front window bump out. Tenant responsible for paying gas, electric and cable. 1 car off-street parking spot. Owner requires good credit standing, verification of income, copies of most recent pay stubs, a $40 non-refundable credit check fee, and prospective tenant application required. NO SMOKING, NO PETS, NO EXCEPTIONS. FIRST, LAST, AND SECURITY AND ONE-YEAR LEASE REQUIRED. Group Showings Will Be Sunday June 23rd from 10-11am & Tuesday June 25th from 5-6pm.
Open House
Sunday
June 23 at 10:00 AM to 11:00 AM
Cannot make the Open Houses?
Location: 21 Church St, Taunton, MA 02780    Get Directions

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1 Bloomfield Ave, Middleboro, MA 02346

Single-Family

$379,000
Price

6
Rooms
3
Beds
2
Baths
Welcome Home To This Craftsman Style One Level Cape Home With 2 Car Detached Garage. Located Within Minutes Of Routes 44, 495 and Commuter Rail. This Home Boasts Gleaming Hardwood Floors Throughout, Dental Crown Moldings, Plenty Of Storage And Custom Built In's. Wood Burning Fireplace In Living Room, Formal Dining Room With Custom Butler's Swinging Door, Cozy Breakfast Nook In Kitchen Area, Custom Solid Wood Cabinets, Stainless Steel Appliances, First Floor Laundry, Partially Finished Room In Basement And Walk Up Attic For Either Extra Storage or Finish This Section for Added Living Space. Recent Updates Include: Stamped Concrete Patio, New Electrical, New Gas Heating System, Freshly Painted, Upgraded Kitchen Counters And Backsplash. Must See In Person To Appreciate All The Details This Beautiful Home Has To Offer.
Open House
Sunday
June 23 at 12:00 PM to 1:30 PM
First Showings At Open House
Cannot make the Open Houses?
Location: 1 Bloomfield Ave, Middleboro, MA 02346    Get Directions

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