Waypoint Realty Group LLC



Posted by Waypoint Realty Group LLC on 10/5/2017

Housing prices are rising, so too are mortgage interest rates. If you're selling your house while home prices are steadily climbing, you could turn an attractive profit. Then, you will have to buy a new home. Before you know it, you could have entered a cycle that finds you right where you started financially when you bought your very first home or, worse, you could find yourself struggling to recover from the burst of another housing bubble.

Keep yourself safe from the burst of another housing bubble

As painful as the 2007 mortgage crisis was, it wasn't the first time a housing bubble burst in the United States. During the 1980s, homeowners and lenders experienced the end of a housing bubble. Rising interest rates played a major role in both the 2007 and the 1980s decline.

  • Sit down and create a line item budget. Do this before you start house shopping. Add up how much you're currently spending on rent, entertainment, clothes, student loans, credit cards, travel, utilities, daycare,insurance, autos and food. Don't guess. Be very clear about these totals.
  • Identify how much you can afford to pay for a monthly mortgage. Factor in closing costs, interest rates, homeowners association fees,the cost of furniture and appliances. Consider adding in another $2,000 to $4,000 a year to cover house maintenance costs.
  • Think about how much mortgage you could afford should you or your spouse lose their job and be out of work for six months.
  • Work with a reputable real estate agent. Let the agent do the house hunting leg work for you. Look for a real estate agent who has her clients' best interest as a priority. A good real estate agent will encourage you not to take on too much debt.
  • Focus on the neighborhood. By buying a house in a neighborhood that you value, you'll gain more than a great house. You'll gain friendly neighbors, access to top schools and low crime.
  • Pay attention to mortgage interest rates. Buy when interest rates are low. Fixed interest rates may start out higher than adjustable interest rates. But, let the market shift or another recession strike and adjustable interest rates might rise, sending your monthly mortgage payments up by $200 or more.
  • Instead of focusing on easy access to financing,work with lenders who check credit scores and conduct thorough financial background reviews on loan seekers. This type of lender may have the resources to keep the bulk of their lenders from going into foreclosure should housing demand drop well below supply.

Besides the stock market, few financial instruments produce a yield like selling a house does. But, the housing market doesn't move anywhere near as fast as the stock market. As the housing market strengthens and housing prices rise, make smart decisions. Unless you're a professional house flipper, avoid buying and selling houses solely to turn a profit.

Buy a house because you want to build equity, start or grow a family and stop giving a landlord rent and invest in a home of your own. Buy a house because you want to create rewarding memories and leave real estate for your children or grandchildren. Most of all, buy a house that you can afford, now and in the future.




Categories: Uncategorized  


Posted by Waypoint Realty Group LLC on 6/19/2017

This Single-Family in Weymouth, MA recently sold for $235,000. This Bungalow style home was sold by - Waypoint Realty Group LLC.


11 Massasoit Rd, Weymouth, MA 02191

Single-Family

$225,000
Price
$235,000
Sale Price

4
Rooms
2
Beds
1
Baths
Low maintenance living by the water with no condo fee or flood insurance!!! Here is your opportunity to move just steps from the beach and enjoy the water views from the comfort of your own home. Perfect for someone who may be looking for a condo or townhome without the rules, fees, and risks of assessments. Perhaps you are looking for some low maintenance rental property? This home has a new furnace and brand new rugs. The shower was updated within the last few years. Great Hill Park is right around the corner with plenty of public parking. Don't let this one pass you by. Call today to set up a showing.

Similar Properties





Categories: Sold Homes  


Posted by Waypoint Realty Group LLC on 6/3/2017


10 Hopewell Lane , Barnstable, MA 02630

Barnstable (village)

Single-Family

$343,900
Price

6
Total Rooms
3
Beds
2
Baths
Newly renovated spacious home convenient to many amenities. New kitchen cabinets, granite countertops, new appliances. New hardwood floors, updated bathroom,new high efficiency heating system, new carpeting this is a must to see.
Open House
Sunday
June 04 at 1:30 PM to 3:30 PM
Open house a must see!
Cannot make the Open Houses?
Location: 10 Hopewell Lane , Barnstable, MA 02630    Get Directions

Similar Properties





Categories: Open House  


Posted by Waypoint Realty Group LLC on 6/2/2017


10 Hopewell Lane , Barnstable, MA 02630

Barnstable (village)

Single-Family

$343,900
Price

6
Total Rooms
3
Beds
2
Baths
Newly renovated spacious home convenient to many amenities. New kitchen cabinets, granite countertops, new appliances. New hardwood floors, updated bathroom,new high efficiency heating system, new carpeting this is a must to see.
Open House
Sunday
June 04 at 1:30 AM to 3:30 PM
Open house a must see!
Cannot make the Open Houses?
Location: 10 Hopewell Lane , Barnstable, MA 02630    Get Directions

Similar Properties





Categories: Open House  


Posted by Waypoint Realty Group LLC on 5/31/2017


10 Hopewell Lane , Barnstable, MA 02630

Barnstable (village)

Single-Family

$343,900
Price

6
Total Rooms
3
Beds
2
Baths
Newly renovated specious home convenient to many amenities. New kitchen cabinets, granite countertops, new appliances. New hardwood floors, updated bathroom, new carpeting this is a must to see.
Open House
No scheduled Open Houses

Similar Properties





Categories: New Homes  




Tags