Lorraine Herbert, CRB, CRS, GRI, ABR, ABRM, CLHMS, CDPE, CIAS, HAFA certified, LMS.


Image by 3D Animation Production Company from Pixabay

Whenever someone is looking to purchase a home, there is always an inherent risk. It is common for buyers and sellers of homes to look for the best deal possible; however, it is also possible that issues might arise after a home has already closed. When looking to buy or sell a home, it is critical to be familiar with some of the common legal issues that arise. Understanding these issues ahead of time may help someone avoid devastating legal consequences after the fact. 

False Advertisements May Arise

One of the most common allegations made is related to false advertisements. Sometimes, someone purchases and house and feels that they didn't receive exactly what was advertised. These ads might take place in a booklet, leaflet or on the Internet. There is a certain code of ethics that comes with any real estate advertisement. While everyone wants to get the best deal possible, it is also important to make sure that all information advertised is truthful.

Equal Opportunity with Real Estate

This is, perhaps, the most important law that everyone needs to keep in mind when it comes to real estate. In the past, it used to be common that people wouldn't sell apartments, homes or condos to people of certain backgrounds including ethnicity, religion and sexual orientation. Now, the government has clauses that protect everyone from discrimination when it comes to real estate. It is critical for anyone selling a home to make sure they provide everyone with an equal opportunity to buy that home. At the same time, those looking for a home should never feel like they are being blocked from buying a home on the basis of their gender, ethnicity, orientation or other demographic factors.

Disclose All Accurate Information Accurately

When someone is looking at various homes, they are counting on the buyer to disclose all relevant information related to the condition of that home. Nobody wants to buy a home only to realize that, immediately after purchasing the home, it is in need of substantial repairs. Sometimes, sellers will try to conceal information from the buyer in an effort to pass on the repairs to someone else; however, this is illegal. If the purchaser finds out that information related to potential repairs in the home were concealed, they can go to court and file a lawsuit to recover the costs of the repairs. Some of the most common issues that arise in this area of real estate law include boundary issues, the presence of pests, problems with the structure and roofing issues. It is important for buyers to make sure they ask for a home inspection to uncover these issues ahead of time.
 



10 School St, Sturbridge, MA 01518

Multi-Family

$279,900
Price

2
Units
2,392
Approx. GLA
Next showings, Sunday Sept 27 by appintment 3-4. Masks and Gloves, Agent to accompany Buyers. Great Sturbridge find-large two family in central, but private location! Vinyl siding, insulated windows, new roof, FHW/oil heat with 2 newer hot water heaters and town services. Wall and attic insulation done, interior bsmt pointed and electrical upgrades done. First floor 3 BR apartment has oversized eat-in Kitchen, DR or play room, LR and dedicated Laundry Rm. 2nd foor 2 BR apartment also has oversized eat-in kitchen with pantry and laundry hookups, LR, Huge Master BR and 2nd BR plus nice entry deck. One side has completely fenced yard and other side has grassed play yard. Lots of off street parking and space for extra tenant storage in walk-in Basement.
Open House
Sunday
September 27 at 3:00 PM to 4:00 PM
Group showing by appointment. Mask and gloves required, agent must attend. Call to book now.
Cannot make the Open Houses?
Location: 10 School St, Sturbridge, MA 01518    Get Directions





127 Mcgilpin Rd, Sturbridge, MA 01566

Single-Family

$434,900
Price

7
Rooms
3
Beds
2/1
Full/Half Baths
Don't miss this gorgeous one owner 3 BR 2 BA Cape on 2.3 Acres in the sought after McGilpin Road area! Beautifully decorated with attention to great detailing including gleaming hardwood flooring throughout the first floor. Large, bright eat-in Cook's Kitchen with slider to private Sun Deck, cherry cabinets, granite countertops and stainless steel appliances, warm open layout Living Room with cozy corner gas fireplace, Family Room and formal Dining Room with crown molding. Plus there is a convenient first floor tiled Laundry and Guest Bath. Full dormered second floor features Master Bedroom with walk-in Closet and awesome tiled full Bath with corner whirlpool tub and double vanity, two additional good sized Bedrooms, new carpeting and 2nd tiled full Bath. Lots of storage space in the Basement, oversized two car Garage and paved drive with space for extra parking. This lovely home must be seen. More photos coming soon!
Open House
Saturday
September 26 at 12:00 PM to 2:00 PM
Don't miss this gorgeous one owner 3 BR 2 BA Cape on 2.3 Acres in the sought after McGilpin Road area! Beautifully decorated with attention to great detailing including gleaming hardwood flooring throughout the first floor. Large, bright eat-in Cook's Kitchen with slider to private Sun Deck, cherry cabinets, granite countertops and stainless steel appliances, warm open layout Living Room with cozy corner gas fireplace, Family Room and formal Dining Room with crown molding.
Cannot make the Open Houses?
Location: 127 Mcgilpin Rd, Sturbridge, MA 01566    Get Directions





127 Mcgilpin Rd, Sturbridge, MA 01566

Single-Family

$434,900
Price

7
Rooms
3
Beds
2/1
Full/Half Baths
Don't miss this gorgeous one owner 3 BR 2 BA Cape on 2.3 Acres in the sought after McGilpin Road area! Beautifully decorated with attention to great detailing including gleaming hardwood floors throughout the first floor. Large, bright eat-in Cook's Kitchen with slider to private Sun Deck, cherry cabinets, granite countertops and ss appliances. warm open layout Living Room with cozy corner gas fireplace, formal Dining Room with crown molding detail and and Family Room or Den. Plus convenient first floor tiled Laundry and Guest Bath. Full dormered second floor features Master Bedroom with walk-in Closet and awesome tiled full Bath with corner whirlpool tub and double vanity, two additional good sized Bedrooms, new carpeting and 2nd tiled full Bath. Lots of storage space in unfinished Basement, oversized two car Garage and paved drive with lots of parking space. This lovely home must be seen. More photos coming soon!
Open House
No scheduled Open Houses




Obtaining a home loan is a must for most homebuyers. However, there is a lot to think about to ensure a homebuyer can secure a loan that matches or exceeds his or her expectations.

Some of the key questions to consider about a home loan include:

1. What is a home loan's interest rate?

It is paramount to understand a home loan's interest rate, along with any associated loan fees. That way, a homebuyer will know exactly how much he or she will be paying over the life of a home loan.

If a homebuyer chooses a fixed-rate mortgage, he or she can lock in an interest rate for the duration of a home loan. This means a homebuyer will pay the same amount each month. And in many instances, a fixed-rate mortgage can be paid off early without penalty.

On the other hand, a homebuyer may prefer an adjustable-rate mortgage. With this type of mortgage, a homebuyer may receive a lower interest rate initially that rises after a set period of time.

Compare and contrast the different home loan options and their associated interest rates. By doing so, a homebuyer can make an informed home loan decision, one that serves him or her well both now and in the future.

2. Does a home loan require a minimum down payment?

Ask a lender about whether there is a minimum down payment required as part of a home loan agreement. Typically, a homebuyer will need to pay at least a small portion of a home's price to secure a home loan, and it certainly helps to have this information available before you start evaluating available residences.

In addition, it may be worthwhile to save as much money as possible prior to starting a home search. With money at your disposal, you may be better equipped than ever before to make a large down payment, thereby reducing the amount that you'll need for a home loan. Plus, you may even be able to boost your chances of getting a favorable home loan interest rate.

3. Will I need to provide legal documents to obtain a home loan?

Lenders will require you to provide proof of your income and assets, W-2 statements and other legal documents to finalize a home loan agreement. If you stay organized and have these documents readily available, you should have no trouble providing them to a lender as needed.

Overall, the home loan application process may vary from several weeks to many months. The time it takes to secure a home loan can be stressful, and if you need extra help along the way, it never hurts to reach out to a real estate agent.

With a real estate agent at your side, you can streamline the process of buying your dream home. This housing market professional can offer expert tips throughout the homebuying journey and ensure you can discover a great house at an affordable price.

Take the guesswork out of securing a home loan – consider the aforementioned questions, and you can move one step closer to getting the financing you need to obtain your ideal residence.




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