Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 9/24/2017

New England is known for its beautiful homes, food and history. Men and women who played a role in the early development of the United States are celebrated by residents and visitors to New England. Some led the way to social, political, academic, business,arts or literary advancements.

However, the regions early founders are not the only women and men who made an impact on Americaís history whether that history be made during the countryís formative or more recently. Check out this list of famous people who were either born or lived in New England.

New England Homeowners and Residents Make Huge Advancements for America

As one of Americaís founders, Benjamin Franklin was born in Boston, Massachusetts on January 17, 1706. Throughout his career,he served in various capacities including as President of Philadelphia and postmaster general. He may be more widely known for his scientific discoveries with meteorology and electricity.

Born in Framingham, Massachusetts in 1723, Crispus Attucks is widely recognized as the first American casualty of the American Revolution,also referred to the as the Boston Massacre. Discussions that center on the American Revolution often lead to Crispus Attucks and the role that he played in America's early history.

Calvin Coolidge served as the 30th President of the United States. Prior to becoming President, this Vermont native worked as an attorney. He attended Amherst College and spent his early adult years in Northampton, Massachusetts. New England remains an area that has a significant impact on America's political landscape, particularly when it comes to presidential elections.

Emily Dickinsonís writings were discovered nearly by accident. A graduate of Amherst College, Emily Dickinson preferred to keep to herself. She wrote well over 1,600 poems, but only published a few of them on her own. It was her sister who took the steps to get Emilyís many poems in print. Today, you'd be hard pressed to find a serious American poet who hasn't heard of Emily Dickinson.

Similar to Emily Dickinson, Sylvia Plath is a poet who hails from New England. Birthplace for Sylvia Plath is Boston,Massachusetts. She grew up in the same area that the St. Thomas Aquinas Church is located in. In addition to influencing poetry, Sylvia Plath has served as a voice for people struggling to fit in the world.

Frederick Douglass was born in February 1818. He is among Americaís most impactful abolitionist. Although Frederick Douglass was born in Maryland, he spent a portion of his adult years in New Bedford, Massachusetts. He taught himself to read and write and was a key to the success of the Underground Railroad.

George W.Bush, Barbara Walters, Adam Sandler, Donna Summer, Katharine Hepburn, Ralph Nader and Stephen King are among New Englandís modern day residents. Their influence spans across media, comedy, politics and the arts.

People from New England have left an indelible mark on Americaís landscape. Many of them lived in the area at a time when historic Georgian, Cape Cod and Victorian homes were in vogue. Some homes like the Sarah Orne Jewett House and the Quincy House are national treasures, reflecting interior and exterior home designs that continue to inspire great appreciation.





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!




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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 8/27/2017

Family members and friends are loved ones who play important roles in your life. However, when it comes to sharing the news that you've decided to sell your home, it sometimes can be difficult to prevent these loved from sabotaging your home sale.

Lucky for you, there are many simple ways to reduce the risk that loved ones can hinder your ability to sell your residence.

Now, let's take a look at three tips to keep family members and friends involved in the home selling process.

1. Meet with Family Members and Friends

Don't wait to inform family members and friends about your decision to sell your house. Instead, meet with loved ones so you can discuss your home selling plans with them.

Face-to-face meetings with family members and friends are ideal. These meetings will allow you to explain why you decided to sell your home, where you plan to move and much more.

In addition, meeting with family members and friends shows loved ones that you care about their thoughts and feelings. It also sets the stage to involve your loved ones in the home selling process Ė something that may help you get the best results possible.

2. Respond to Loved Ones' Home Selling Questions

In all likelihood, family members and friends will have lots of questions about your decision to sell your home. If you plan ahead for potential questions, you should have no trouble responding to loved ones' queries accordingly.

It may be tough to move further away from loved ones. But if you prepare before you meet with family members and friends, you can improve your chances of remaining calm, cool and collected as you share your home selling news.

Furthermore, it is important to remember that loved ones might not always agree with your home selling decision.

On the other hand, family members and friends should be ready to stick with you and support your decision, regardless of whether they agree with it. By doing so, your loved ones can provide you with the assistance you need to streamline the home selling process.

3. Discuss Your Options with a Real Estate Agent

For those who want to get their loved ones involved the home selling cycle, meeting with a real estate agent may prove to be a great first step.

A real estate agent can provide recommendations and suggestions about how to share your home selling news with family members and friends. Plus, this housing market professional can respond to your home selling concerns and queries at any time.

Perhaps best of all, a real estate agent will serve as a great guide throughout the home selling process. He or she will help you add your residence to the real estate market, promote your house to potential property buyers and negotiate with homebuyers on your behalf.

Don't worry about telling family members and friends about your decision to sell your house. Conversely, use these tips, and you can prevent your loved ones from sabotaging your home sale.




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