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Posted by Costello Realty on 7/9/2020

Ready to purchase your dream home? Before you finalize a home purchase, it may be worthwhile to schedule a home appraisal.

With a home appraisal, a property expert will examine a residence both inside and out. The home appraiser then will offer a property valuation.

In some instances, a home offer may be appraisal-contingent. And if the home appraisal valuation falls below the amount of a buyer's offer, the buyer may request a renegotiated price.

A home appraisal may prove to be an important part of the homebuying process. As such, it is paramount for homebuyers to understand what an appraisal is all about and determine whether to conduct an appraisal.

To better understand home appraisals, let's take a look at three home appraisal facts that every homebuyer needs to consider.

1. An appraiser's valuation is his or her opinion of what a residence is worth.

Typically, a home appraiser will use a broad assortment of housing market data as part of a home assessment. The appraiser also will look closely at a residence as part of the home evaluation process.

Although a home appraisal is based on housing market data and a home assessment, it is essential to note that a home valuation is an appraiser's opinion. Therefore, two home appraisers may examine the same housing market data and the same house and come up with two different home valuations.

2. The homes in a neighborhood may affect the valuation of a residence.

Believe it or not, a home's value may be impacted by those around it. Thus, if you intend to buy a home, it often pays to evaluate the neighborhood to better understand whether a house's value will decline, stay the same or increase over time.

Furthermore, what you spend to improve a house is unlikely to raise a house's value proportionately. And if you spend $20,000 on home improvements, there are no guarantees that these home improvements will add $20,000 to a home's valuation.

3. A home appraisal and a home inspection are two very different things.

A home inspection often is considered a must-have during the homebuying process, and perhaps it is easy to understand why.

During a home inspection, a property expert will ensure there are no structural issues with a home and identify any problem areas. Then, a homebuyer can move forward with a home purchase, rescind a home offer or submit a counter proposal based on a home inspection report.

On the other hand, a home appraisal enables a property expert to evaluate the house in its current state. A home appraiser will compare and contrast a home in relation to others in the area and offer a valuation.

If you need help determining whether to conduct a home appraisal, a real estate agent is happy to assist you. With a real estate agent at your side, you can determine whether to set up a home appraisal prior to finalizing a home purchase.




Tags: Buying a home   appraisal  
Categories: Uncategorized  


Posted by Costello Realty on 7/8/2020


46 Park Street, Norfolk, MA 02056

Single-Family

$500,000
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
WELCOME HOME - LOVELY 4 Bedroom classic colonial tucked away on a beautiful wooded lot yet easy access to town center and commuter rail. Home offers many updated features - beautiful hardwood flooring in the living room, dining room, kitchen , master bedroom, front bedroom and second floor hall - Updated Carpet in 2 Bedrooms. Updated Sliders (2010) - Recessed Lights (2010) - Kitchen Renovation ( 2010 ) Cabinets, Counter tops, Fixtures - Appliances (2020)- Interior Painting (2020) - Master Bathroom Renovation (2020) Other home features included - Mature plantings, OVER SIZED Deck, Large yard, Well water for irrigation - two driveways for ample parking. Showings being immediately - Easy to show - quick closing possible. Offers Due Monday July 13, 5pm
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Costello Realty on 7/3/2020

This Single-Family in Bellingham, MA recently sold for $340,000. This Colonial style home was sold by - Costello Realty.


704 Pulaski Blvd, Bellingham, MA 02019

Single-Family

$349,000
Price
$340,000
Sale Price

9
Rooms
4
Beds
2
Baths
Welcome home to this spacious single family home, sitting on nearly an acre of land! The home features multi-level living which would be great for a possible in-law apartment or easily converted into a multi-family. The first floor features 1 bedroom, a large updated full bathroom, and a great dinning and living room space. The second floor contains 2 bedrooms, a large eat in kitchen, bathroom and access to the walk-up attic for the 4th bedroom. Exterior features a storage shed, parking for an RV, and a large fire pit. New Harvey replacement windows in 2011. Roof replaced in 2015. Conveniently located minutes from 495!

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Categories: Sold Homes  


Posted by Costello Realty on 7/2/2020

This Single-Family in Bellingham, MA recently sold for $355,000. This Cape style home was sold by - Costello Realty.


120 Farm Street, Bellingham, MA 02019

Single-Family

$350,000
Price
$355,000
Sale Price

8
Rooms
3
Beds
1/1
Full/Half Baths
First Showings at Open House Saturday May 16th 2-4pm. Charming Cape with quintessential New England stone wall is set on a scenic country road, yet so convenient to the highway, commuter rail station and varied shopping options. This neat and clean home features many updates including kitchen appliances and updated bathrooms. Front to back family room with wood burning fireplace, hardwood floors and recessed lighting. Built-in cubbies for coats and backpacks just inside the side door next to the wood burning stove. Perfectly level sprawling fenced back yard has a yard shed, patio and deck to overlook a soccer game at home in the yard! Finished lower level provides even more family space with a craft/exercise room and large playroom. Natural gas for heating, hot water, clothes dryer and cooking. Newer hot water heater, windows and roof. Seller will negotiate offers between $350,000 and $375,000.

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Categories: Sold Homes  


Posted by Costello Realty on 7/2/2020


50 Dilla St, Milford, MA 01757

Single-Family

$449,900
Price

9
Rooms
4
Beds
3
Baths
Welcome to this spacious 3300+ sf cape style home with updated kitchen and baths. Property is located on corner of cul-de-sac neighborhood close to shopping and 495 for easy highway access. Featuring hardwood floors, central air, beautiful master bedroom suite, lots of closet space, cabinet packed country kitchen with all appliances included and new heating system. Whole interior has just been painted, brand new master bedroom carpet, front entrance just replaced and shed rebuilt. Don't miss the opportunity to own this great house at an amazing price! 30 day closing possible! OH 7/5 230-4pm.
Open House
Sunday
July 05 at 2:30 PM to 4:00 PM
Covid 19 precautions required.Please wear a mask.
Cannot make the Open Houses?
Location: 50 Dilla St, Milford, MA 01757    Get Directions

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Categories: Open House  




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