Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 9/19/2017

This Single-Family in Dennis, MA recently sold for $167,000. This Ranch style home was sold by Thomas Murphy - Pine Shores Real Estate.


65 Siasconset Avenue , Dennis, MA 02639

Dennisport

Single-Family

$179,000
Price
$167,000
Sale Price

4
Total Rooms
2
Beds
1
Baths
Cheap-o price. In the beach area of Dennisport Could be brought back to its cute beach cottage style but will need some work. Buyer will be responsible for septic system. Being sold ''AS IS''. Prefer cash OFFERS. I am told it is not in Flood zone. Conner gentle sloping lot with woods across the street. You could be the one to make it happen!

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Categories: Sold Homes  


Posted by Thomas Murphy on 9/17/2017

Since home values are continually on the rise, it makes more sense for many Americans to tap into their home equity for financial security. The home equity line of credit is a great resource that has come back with many benefits. You can finance so many things from home improvement projects to the vacation you have always wanted with a reverse mortgage. There are consequences if you donít turn to home equity with careful thought. You could end up owing more than your home is even worth at a certain point. Thatís not giving you any value. 

Smart Financial Moves

Tapping into a home equity line of credit could be a smart financial move. If you use little to none of the money it can be wise to have extra cash on hand for emergencies, considering rates are so low for home loans. It can help you to be prepared for unexpected financial setbacks. The key is to not use the money unless itís absolutely necessary.

Good Ideas For Home Equity

  • Emergency fund
  • Home renovations
  • Education funds (if youíll be able to pay it back in a timely manner)

Bad Ideas For Home Equity

  • Vacations
  • Car purchase
  • Random spending


If youíre expecting an increase in income and need some extra cash on hand for a purpose, using a home equity line of credit can be a good resource. Also, if youíre selling your home soon, tapping into home equity for improvement projects can help to give you a better return on the sale. 


Home Equity Is Not An Unlimited Source Of Funds


Home values can change drastically with the market and the amount of demand. The amount of equity you may have can change as well, and your repayment amounts can vary drastically based on the state of the housing market. While tapping into home equity will most likely put you in the positive, you could end up in the negative if youíre not carefully prepared.


The Ways To Draw On Your Home Equity


There are 3 main ways to draw on your homeís equity. In any of these cases, you cannot borrow more than 80% of your homeís value from any lender. 


Cash-out Refinance

This loan is exactly as it sounds; you take a set mount of cash out from your home and refinance it at the same time. 

 

Home Equity Loan

This is a loan that is sometimes referred to a second mortgage. This usually has a fixed rate. 


Home Equity Line Of Credit

This loan is like using a credit card. Thereís a maximum that you can borrow, and you use money as you need it. After a certain amount of time, you can no longer draw on the money.  


Refinancing your home will extend the life of your mortgage. Youíll have higher costs but end up with lower rates most often.


Questions To Consider When Thinking Of A Home Equity Line Of Credit

  • Does your home need renovations?
  • Is the loan rate lower than other types of loans like car loans?
  • Do you need to consolidate your debt?
  • Are you facing large bills like medical bills or college tuition? 
  • Are you starting a business?

Used in smart ways, home equity can be a great financial resource for you. Consider your options and plan your finances wisely. Your home is in fact your biggest asset! 





Posted by Thomas Murphy on 9/10/2017

Whatís the optimal commute time for most people to get to and from work? According to many surveys and research studies, this amount of time is around 30 minutes at the most. The closer you live to your job, the happier youíll be (that is of course if you do like your job!) If you live further from work, you may think that the bigger house is worth it because of your paycheck. If your commute is miserable, however, you may want to rethink your journey. 


Youíll choose where you live based on a variety of factors including the neighborhood dynamics, the school system and the safety of the area. You may be willing to sacrifice one of these factors to gain another. 


Metropolitan Or The Suburbs? 


Generally speaking, the center of jobs tends to be in metropolitan areas. Yet, better schools and neighborhoods are often seen outside of the city. This makes for longer commute times. Depending upon which city youíre talking about, commute times can vary widely. New York and Los Angeles may beat smaller cities like Cleveland or Kansas City in the average number of minutes that people commute to work.


Donít Worry, Be Happy 


Your happiness factor is very important when it comes to your living situation and your commute time. Whatever is most important to you should go on the top of your property search list. If you donít mind spending an hour in the car each way to get to and from work, then you can live a bit farther away without much issue. Youíll also need to add in factors like public transportation, if thatís important to you.   


If you do prefer to take public transportation to get where you need to go, you may need to weigh a few factors. Youíll need to look in areas where trains and buses are more accessible. Living closer to public transportation can often come at a bit of a higher price tag. However, youíll be able to save some money on the cost of keeping a vehicle. All of these factors need to be kept in mind when youíre beginning your house search and making your wishlist.   


Remember that the area of the country that you choose to live in has an effect on your commute. While some cities have more traffic than others, jobs my be more plentiful in a wider area, making it easier and more affordable to live closer to work. New York City has a much different dynamic than Tulsa, letís say. 


Working From Home


In the most ideal of situations, maybe your commute is only to your home office! In this case, youíll only need to be mindful of how far it is to get to the places you need to visit most often. Youíll also want to find a home that has a good space for you to have your office in. 


We all need to work in order to pay for the beautiful homes that we own. Why not make it much easier to get to and from work, and be mindful of commute times in your home search? With todayís technology, itís a whole lot easier to get this information, so do your research! Happy house hunting!




Tags: commute   home commute  
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Posted by Thomas Murphy on 9/3/2017

As a first-time homebuyer, it is easy to feel plenty of optimism as you search for your dream residence. And if you find your ideal house, it may seem likely that a home seller will accept your offer on the residence right away.

However, it is important to remember that a home seller might reject a first-time homebuyer's proposal, regardless of whether this homebuyer submits a competitive offer. In this scenario, a homebuyer needs to know how to move forward and continue to pursue his or her perfect residence.

What should a first-time homebuyer do if a home seller rejects an offer on a home? Here are three tips that every first-time homebuyer needs to know.

1. Learn from the Experience

If a home seller rejects an offer on a house, there is no need to worry. In fact, a first-time homebuyer may be able to resubmit an offer and find out why a home seller rejected his or her initial offer.

For example, a first-time homebuyer may lack financing at the time that he or she submits an offer on a house. But if a homebuyer gets approved for a mortgage and returns with a new offer, he or she may be more likely than before to gain a home seller's approval.

On the other hand, a homebuyer should be ready to move forward with a home search if necessary. Thus, if a home offer is rejected, try not to get too emotional. Instead, a homebuyer should be prepared to reenter the housing market and start his or her search for the perfect home from stage one.

2. Don't Dwell on the Past

For a first-time homebuyer, it can be frustrating and annoying to conduct a home search, find the ideal home and receive a rejection after a proposal to buy the house is submitted. But there is no reason to dwell on the past for too long, as doing so may force a homebuyer to miss out on opportunities to pursue other residences.

Remember, the housing market often features dozens of outstanding houses to match all homebuyers' price ranges. This means if you receive a rejection on one home proposal, you can always restart a home search. And ultimately, a diligent homebuyer should have no trouble discovering a terrific residence, even if his or her initial offer on a residence is rejected.

3. Consult with a Real Estate Agent

A real estate agent is a housing market expert who understands what it takes to submit a competitive offer on a house. Therefore, he or she will help you prepare a fair offer on a home before you submit it.

If a home offer is rejected, a real estate agent can help you alleviate stress. This housing market professional may be able to explain why the offer was rejected and help you plan your next steps in the homebuying journey.

Don't worry if your first offer on a house is rejected Ė conversely, use these tips, and you can move one step closer to acquiring a stellar residence that matches or exceeds your expectations.




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Posted by Thomas Murphy on 8/28/2017

This Single-Family in Yarmouth, MA recently sold for $270,000. This Cape style home was sold by Thomas Murphy - Pine Shores Real Estate.


20 Bulter Avenue , Yarmouth, MA

West Yarmouth

Single-Family

$255,000
Price
$270,000
Sale Price

7
Total Rooms
4
Beds
2/1
Full/Half Baths
This is a large home, over 4,000 Sq. Ft. that will need work. Located across the street form a town maintained Park with open space, basketball court, and swings. Also, just around the corner, .2tenths of a mile, form private deeded association beach on Big Sandy Pond!!! Well under the price of other homes on the street that are for sale. Be bold, be confident and bring your ideas. There is so many possibilities Being Sold ''AS IS''

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Categories: Sold Homes