Carol Snider & Laura Snider Cooperman, Coldwell Banker Residential Brokerage | Metrowest Real Estate


Are you planning on buying a home by a certain date? It’s unfortunate that life can’t go as we plan it all the time! With a bit of planning finding the right home at the right time is possible. Many times, families are looking to buy a home before the end of the summer. This allows them to get settled in and get the kids started in a new school before the start of the year in September. Just because there are more popular times throughout the year to move doesn’t mean that the inventory of homes changes much as to what’s on the market. Whatever the reason for the short supply of homes, you’ll need to be informed and creative in order to land a house in a high demand market when it’s crunch time. Below, you’ll find some tips to help you on your search.


Research Your Location Ahead Of Time 


Every housing market has a bit of a down time. You want to pinpoint that period. Does your location have a time of year where people flee the area for vacations? The holiday season can also be a great time to look. There may still be low supply, but there also will be less competition. Do a bit of research in order to find pricing trends. When the prices dip, you’ll know that’s a time where competition for homes is lower.


Always Have Your Finances In Order


When you’re buying a home, no matter what time of year it is, you need to have your lender on call. Make sure that you have been preapproved and that your downpayment money is at your disposal. Sellers like serious buyers who are ready to pass paperwork.  


Know What You’re Willing To Compromise On


When you’re buying a home on a timeline, you may not have the luxury of searching around endlessly to meet your wishlist. You should have a few musts, but there may be many things that you’ll need to work with or compromise on in finding the right property. You may be able to find a home in the right neighborhood, but it might not have the granite countertops that you’re looking for. When time is of the essence, your home search priorities need to be set straight.  


Don’t Look For Bargains


When you’re in a time crunch to land a home, you don’t want to fool around with price. In order to land a home that you love, you might have to offer a bit more than the asking price. There’s no space for a bidding war, a low offer, or an extended search when you need to buy a home fast.          

  


While they have become ubiquitous with the emergence of suburban neighborhoods and townhouses, homeowners associations (HOA, for short) are a relatively new phenomenon.

In modern America, there are many ways to live: apartments, condominiums, houses, townhouses, and now even “tiny houses” are gaining traction. But it wasn’t until the late 1900s that property owners began to experiment with alternative ways of living that revolved around share, “common spaces.”

What constitutes a common area?

Whether you live in an apartment, a house, or in your RV you likely experience common areas every day that are owned by the government. Roads, bridges, and parks are all common areas in that they are used by multiple people and their upkeep is paid for with taxes.

If you take that analogy and apply it to the greenways and lobbies of a condominium, or the streets and sidewalks of a gated community, there are few differences.

What is a homeowners association?

When a developer plans a new community they will often create a homeowners association that will be managed by the people who move into the houses or condominiums. Once a certain number of people have moved into the development and joined the HOA the developer will typically hand over ownership to the HOA and relinquish their legal rights and responsibilities of the land. From there, the HOA typically has complete control over management. Though it should be noted that states have their own HOA related laws with varying levels of oversight.

What does an HOA do?

The most common thing we associate with HOAs is fees and rules. People who move into a community governed by a homeowners association are typically required to join the HOA and are therefore obligated to pay fees and adhere to the guidelines set down by the HOA board.

The fees you pay will go towards maintenance and development of the common areas of your community. That usually amounts to landscaping, maintaining pools and fitness complexes. Fees can range from anywhere between $200 and $450 per month depending on where you live.

HOAs also enforce regulations that homeowners must follow. These vary depending on the community but often include building restrictions for things like fences and additions, as well as other ways that homeowners can customize their homes such as paint and vinyl color. Some homeowners associations go so far as to regulate whether or not a homeowner may fly the flag on their favorite sports team over their door.

Advantages and disadvantages

So what are the advantages and disadvantages you can expect when you belong to a homeowners association? Let’s start with the clear disadvantages. If you are a tinkerer or someone who relishes the freedom to do what they want with their property, living in an HOA-run community might not be right for you. If your salary isn’t quite what you’d like it to be, the cost of living in an HOA neighborhood, along with the monthly fees, might be a bit more than you’re comfortable with.

What about the advantages? First, you can expect that the neighborhood will be well-maintained. This brings about another advantage in that you can expect your property value to grow or at least remain stable thanks to the quality of the neighborhood being carefully managed.


This Single-Family in Framingham, MA recently sold for $675,018. This Colonial,Contemporary style home was sold by Carol Snider and Laura Snider Cooperman - Coldwell Banker Residential Brokerage.


5 Lyman Way Extension, Framingham, MA 01701

Single-Family

$674,999
Price
$675,018
Sale Price

9
Rooms
4
Beds
2/1
Full/Half Baths
Totally renovated, gorgeous, 9 rm, 4 bdrm, 2.5 bth colonial in desirable N. Fram neighborhood on cul de sac. Many updates! Open floor plan - newer kitchen, island, granite counter tops, pantry, skylight and stainless appliances - ideal for entertaining! Composite deck leads to fenced in, level backyard. Stylish first floor powder rm w/marble flooring, vanity and granite. Bright dining rm w/bay window. Cozy living rm w/ gas fireplace. Custom maple flooring, recess lighting and neutral décor throughout. 4 large bdrms w/ hardwood flooring and custom closets. Sun-filled master bdrm w/huge walk in closet. Master bath with dble sinks, granite, jetted tub, shower, and cathedral ceiling. Beautiful second full bth w/dbl sinks, granite, tub/shower. Finished, newly carpeted basement - amazing space for family and friends! Dual Mitsubishi heating/cooling units and additional unfinished storage space. Beautifully landscaped, tranquil setting. Walk to schools, shops, and rail trail.





575 Union Ave, Framingham, MA 01702

Condo

$184,690
Price

3
Rooms
1
Beds
1
Baths
Renovated One-bedroom Prescott Gardens townhouse with oak hardwood floors on the first level. The Kitchen, renovated in 2013, boasts a dark-stained wood countertop which contrasts nicely with the white bead-board cabinetry, with decorative glass door-fronts and white elongated subway tile backsplash. Under-cabinet lighting and a ceiling light brighten the space. The full bathroom was beautifully renovated (2013) with walls of tile accented with a mosaic stripe, complemented by antiqued bronze hardware. The tiled tub has built-in niche for soaps. Large Master Bedroom with two windows, recent berber wall-to-wall carpet (~2013), ceiling light and extra-deep double-closet. Unfinished Lower level for laundry and storage. Windows replaced (~2011). Conveniently located near Bowditch Field, Metrowest Medical Center, library, Commuter Rail with easy access to Routes 9, 30, 126, 135. One assigned off-street parking spot + guest parking. Refrig, Washer/Dryer, 2 window a/c units incl
Open House
Sunday
July 08 at 2:00 PM to 4:00 PM
First OPEN HOUSE! Visit this new to market townhouse condo in lovely Prescott Gardens. Most convenient location! Walking distance to Framingham State University, Framingham Centre Common, shops, Rt 9 and Bowditch field. Close to train! This updated unit features wood floors on first level, recent w/w on second level. Stunning remodeled tiled bathroom in 2013 and renovated white bead boarded kitchen with white subway tile backsplash and decorative glass door fronts. Laundry! Built ins in liv room
Cannot make the Open Houses?
Location: 575 Union Ave, Framingham, MA 01702    Get Directions





575 Union Ave, Framingham, MA 01702

Condo

$184,690
Price

3
Rooms
1
Beds
1
Baths
Renovated One-bedroom Prescott Gardens townhouse with oak hardwood floors on the first level. The Kitchen, renovated in 2013, boasts a dark-stained wood countertop which contrasts nicely with the white bead-board cabinetry, with decorative glass door-fronts and white elongated subway tile backsplash. Under-cabinet lighting and a ceiling light brighten the space. The full bathroom was beautifully renovated (2013) with walls of tile accented with a mosaic stripe, complemented by antiqued bronze hardware. The tiled tub has built-in niche for soaps. Large Master Bedroom with two windows, recent berber wall-to-wall carpet (~2013), ceiling light and extra-deep double-closet. Unfinished Lower level for laundry and storage. Windows replaced (~2011). Conveniently located near Bowditch Field, Metrowest Medical Center, library, Commuter Rail with easy access to Routes 9, 30, 126, 135. One assigned off-street parking spot + guest parking. Refrig, Washer/Dryer, 2 window a/c units incl
Open House
Sunday
July 08 at 2:00 PM to 4:00 PM
First OPEN HOUSE! Visit this new to market townhouse condo in lovely Prescott Gardens. Most convenient location! Walking distance to Framingham State University, Framingham Centre Common, shops, Rt 9 and Bowditch field. Close to train! This updated unit features wood floors on first level, recent w/w on second level. Stunning remodeled tiled bathroom in 2013 and renovated white bead boarded kitchen with white subway tile backsplash and decorative glass door fronts. Laundry! Built ins in liv room
Cannot make the Open Houses?
Location: 575 Union Ave, Framingham, MA 01702    Get Directions






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