Jessica Jussif  (NH/MA) - Coco, Early & Associates ~ Bridge Division



Posted by Jessica Jussif (NH/MA) on 10/15/2018

Ready to sell your condo? Ultimately, listing a condo can be simple, particularly for condo sellers who plan ahead.

Now, let's take a look at three questions that condo owners need to consider before listing their properties.

1. What do I need to do to sell my condo?

Condo rules and regulations vary. As such, you should consult with your homeowners' association (HOA) to find out if there are any requirements related to selling your condo.

For example, an HOA may require a new property buyer to receive HOA board approval to purchase a condo in a particular community. Or, if you have outstanding condo fees, you probably will need to pay off these charges before you can sell your property.

2. How much is my condo worth?

Although your condo community likely hires landscapers to help keep your property looking great, it is important to understand that a condo's interior plays an important role in the property's value. Thus, you should allocate the necessary time and resources to upgrade your condo's interior. This will enable you to improve your condo's interior and help it stand out to property buyers, thereby increasing the likelihood of a quick condo sale.

In addition, completing a property appraisal usually is an excellent idea. A property appraiser will inspect your condo and evaluate various housing market data to help you pinpoint the value of your residence. Then, you can obtain a property valuation that can help you establish a competitive price for your condo.

3. Do I need to hire a real estate agent?

When it comes to selling a condo, it often pays to hire a real estate agent. However, it is important to note that no two real estate agents are identical, and you should try to find a real estate agent who possesses extensive condo selling expertise.

Let's face it – a condo is very different from a house. A condo owner does not have to worry about property exterior maintenance in the same way that a homeowner does. Conversely, a condo owner must follow HOA requirements; otherwise, this property owner may face steep penalties.

A real estate agent with condo selling expertise understands the pros and cons of owning a condo. Therefore, this housing market professional knows how to work with condo sellers and ensure these individuals can achieve their desired results.

Typically, a real estate agent will meet with a condo owner and learn about his or her property selling goals. After the meeting, a real estate agent will help a condo owner map out a successful condo selling journey.

Perhaps best of all, a real estate agent with condo selling expertise is ready to respond to a property seller's concerns and questions. This housing market professional also will go above and beyond the call of duty to exceed a condo seller's expectations.

Take the guesswork out of selling your condo – consider the aforementioned questions, and you can speed up the property selling process.





Posted by Jessica Jussif (NH/MA) on 10/11/2018

This Single-Family in Derry, NH recently sold for $236,000. This New Englander style home was sold by Jessica Jussif (NH/MA) - Coco, Early & Associates ~ Bridge Division.


31 Mt. Pleasant Street, Derry, NH 03038

Single-Family

$249,900
Price
$236,000
Sale Price

3
Bedrooms
7
Rooms
1
Baths
Welcome home to this charming New Englander in Derry, NH! As you enter into the home you will notice the light and bright living room and spacious dining room with hardwood floors and wood stove. Down the hall you will walk into the large updated kitchen with loads of cabinetry and newer flooring. Off the kitchen is the family room with lots of windows, gas fireplace and newer wood floors. A first floor laundry and full bath complete the first floor. Upstairs you will find 3 bedrooms with plenty of closest space. Outside you will enjoy sitting on the back deck overlooking the beautiful gardens & fenced in backyard. A newer roof, furnace, driveway and generator hookup complete this home! Easy access to downtown Derry shopping, schools, restaurants, rail trail and minutes to I93! Make this home yours today!






Tags: Derry   Real Estate   03038   Single-Family  
Categories: Sold Homes  


Posted by Jessica Jussif (NH/MA) on 10/11/2018

This Single-Family in Derry, NH recently sold for $236,000. This Other style home was sold by Jessica Jussif (NH/MA) - Coco, Early & Associates ~ Bridge Division.


31 Mt. Pleasant, Derry, NH 03038

Single-Family

$249,900
Price
$236,000
Sale Price

7
Rooms
3
Beds
1
Baths
Welcome home to this charming New Englander in Derry, NH! As you enter into the home you will notice the light and bright living room and spacious dining room with hardwood floors and wood stove. Down the hall you will walk into the large updated kitchen with loads of cabinetry and newer flooring. Off the kitchen is the family room with lots of windows, gas fireplace and newer wood floors. A first floor laundry and full bath complete the first floor. Upstairs you will find 3 bedrooms with plenty of closest space. Outside you will enjoy sitting on the back deck overlooking the beautiful gardens & fenced in backyard. A newer roof, furnace, driveway and generator hookup complete this home! Close to all of downtown Derry shopping, schools, restaurants, rail trail and minutes to I93! Make this home yours today!

Similar Properties





Tags: Derry   Real Estate   03038   Single-Family  
Categories: Sold Homes  


Posted by Jessica Jussif (NH/MA) on 10/8/2018

When you’re ready to buy a home, there’s an anxious excitement that’s within you, making you feel like a small child on Christmas night. One question that is probably burned in your mind throughout the home search process is, “How long is this going to take?” 


If you’re a first-time home buyer, you’ll likely be using some programs through the Federal Housing Administration, also known as the FHA. With any kind of home loan, there’s many variables that can affect how long the process will take. This can be due to many factors including the seller’s circumstances and the nature of your loan. 


When you’re securing a home loan backed by the FHA, you may wonder how long it’s going to take for the entire process to finish from beginning to end. 


Variables That Affect The Loan Process


Underwriting

This is one of the variables that can fluctuate the most in the home loan process. Once you have found the home that you love, the lending process can take a few weeks beyond the point where you sign a contract. This part could entail many different steps that may become hurdles for you as a borrower. Your loan officer can also have an impact on the length of the process. Some loan people are just faster than others! 


Keep in mind that you can’t close on an FHA loan until you get through the underwriting process. In the underwriting process for an FHA loan, it will be assured that you meet all of the criteria necessary for securing the loan, such as the standards that have been established by the HUD (Department Of Housing and Urban Development).      


Closing On An FHA Loan


While it’s difficult to say the exact amount of time that it will take for a loan to process, there’s some things you can do ahead of time to prepare. If you apply for an FHA loan before you have even found a home, you’ll expedite the process a bit. If you have been pre-approved prior to making an offer on a home, you’ll likely be in a better position than if you haven’t yet met with a lender. This will also make the underwriting process move a bit faster for you, provided there aren’t any major red flags on your paperwork.  


FHA Appraisals


FHA appraisals do differ a bit from appraisals for a home with a more conventional loan. With an FHA appraisal, the appraiser must look for things in two main areas including any health and safety issues and determine the market value of the property as well. This process will most likely only take a few days. Part of the appraisal process may include the appraiser looking at similar properties in the area in order to get a bit of a comparison on the value of the property. 


Can You Speed It Up?

If you have everything in order before you even decide that you’re ready to go on the house hunt, you’ll discover that the process of securing an FHA loan will be a bit smoother. Talk to a lender before you start the process so you can familiarize yourself with the requirements. Once you can present the lender with the right documents, they’ll be able to do their job with little intervention on your part.




Tags: loans   FHA loans  
Categories: Uncategorized  


Posted by Jessica Jussif (NH/MA) on 10/1/2018

Preparing to buy a home is a long and stressful process for many. You’ve spent months, or even years, saving for a down payment, planning your future, and building your credit to ensure you get the best possible interest rate on your loan.

Then you find out, when getting preapproved for a mortgage, that your credit score dropped by a few points. So, what gives?

There’s a lot to understand about how credit scores affect mortgages and vice versa. In today’s post, I’m going to attempt to cover everything you need to know about how applying for a mortgage can affect your credit score so you’ll be prepared when it comes time to buy a home.

Prequalification, preapproval, and credit checks

There are a lot of misconceptions about what it means to be preapproved or prequalified for a loan. Some of it is due to the jargon that is used in real estate transactions, and some of it is just a marketing technique on the part of lenders.

So, what does it mean to be prequalified and preapproved?

The short version is that getting prequalified is a quick and easy process to determine whether you’re eligible to lend to and how much you’re likely to receive. It involves a quick review of your finances, and often includes either a self-reported or soft credit inquiry.

A “soft inquiry” is the type of credit check that employers typically use for a background check. It doesn’t affect your credit score, as you are not applying to open a new line of credit. In fact, many lenders’ process for prequalification is a simple online form that doesn’t even require a credit check. We’ll talk more about the difference between soft inquiries and hard inquiries later.

The simplicity of prequalification makes it a simple and easy way to get started. But, it isn’t always accurate in how well it predicts the type of mortgage and loan amount you can receive. That’s where preapproval comes in.

When you get preapproved for a loan you fill out an official application (you often have to pay for these). This will request documentation for your finances and assets, and will ask your approval to run a detailed credit report.


These credit reports are considered “hard inquiries” and are a vital step in getting approved or preapproved for a mortgage. However, they also, at least temporarily, lower your credit score.

Why hard inquiries lower your credit score

When any creditor, be it a bank or credit card company, is determining whether to lend to you, they want to know that you are a safe investment. To determine this, they want to know how frequently you pay your bills on time, how much you owe to other creditors, and how financially stable you are right now.

When you make multiple inquiries in a short period of time, it’s a red flag to lenders that you might be in trouble financially. Thus, hard inquiries will lower your credit score for 1 to 2 months.

Applying to multiple lenders: the silver lining

When borrowers apply for a mortgage, they often shop around and apply to multiple lenders. While it may seem that all of these hard inquiries will add up and drastically lower their credit score, this isn’t the case.

Credit bureaus take into account the source of the inquiries. If they realize that you are applying for mortgages, they will typically recognize this as rate shopping and group these applications together on your credit report, counting them only as a single inquiry. This means your score shouldn’t drop multiple times for multiple mortgage preapprovals that were made within a small time frame.

Now that you know more about how mortgage applications affect your credit score, you can confidently shop around for the best mortgage for you and your family.




Tags: Mortgage   credit score  
Categories: Uncategorized  




Tags