Westford Real Estate | Westford Real MA Estate, Chelmsford Real MA Estate, Groton MA Real Estate


Photo by Vincent Rivaud from Pexels

When you buy a luxury home, you have several options when it comes to paying for the home. While some luxury buyers invest fully in the home and purchase outright, most find that opting for a mortgage of some type keeps options open and reserves capital for other things. Mortgages can be used for high end homes, but not all products are available -- or useful -- for this luxury space. Whether you are buying or selling, knowing what to expect when it comes to financing can help you strike the perfect deal. 

 Conventional Mortgages

Depending on where you live and the cost of the high end home, a conventional mortgage could be all you need. In parts of the country where a huge home in pristine condition still falls within the guidelines of a complying mortgage, this may be your best option. While it may not always work for you, exploring the conventional financing options is an ideal first step. 

Conventional loans are conforming loans – that fall within a specific set of guidelines. You can use a conventional loan for your own residence or for a vacation or investment home. Opting for this type of mortgage could result in lower costs to you (if you have at least 20% equity, you can avoid PMI). If the mortgage for your prospective home is under the limit of $453,100, then you can choose a conventional loan for your home.

That $453,100 limit is for mortgages in most areas, but a few select zip codes in the US allow for an even larger limit. In these high end locations, the limit for a conventional loan is much higher: $679,650. These limits are not the cost of the home itself, but the amount that you can borrow and still qualify for the conventional, conforming loan.

Jumbo Loans

When a conventional loan isn't quite right, or the loan amount for the home in question is over the stated conventional limits of $453 or $679K, then a jumbo loan will work best. These loans are designed for expensive, high end homes and properties and may have more stringent requirements when it comes to down payment amounts and the assets that need to remain on hand after the home purchase.

Aside from the differences in the amount of the loan, a jumbo loan works in a way that is very similar to a conventional loan. Expect to go through an underwriting process, to supply proof of income and to shop around for the best possible rates when you choose this option. 

No matter what product you choose, expect a luxury home mortgage to follow similar steps to a conventional one. Depending on the amount borrowed and the buyer's financial health, the process could take less time than a conventional one. 


This Condo in Westford, MA recently sold for $457,900. This Detached style home was sold by Office Westford - Westford Real Estate.


3 Grodno Way, Westford, MA 01886

Graniteville

Condo

$457,900
Price
$457,900
Sale Price

5
Rooms
2
Beds
2/1
Full/Half Baths
NEW CONSTRUCTION UNDER $500,000. One of four freestanding condo units in the Graniteville section of Westford. This new neighborhood is close to town park with baseball diamond, tennis courts and walking trails perfect for nature walks. This home offers gourmet kitchen with eating area, pantry closet. broom closet and leads to spacious living room. There is also a half bath with laundry on the first floor. The second floor features master bedroom with walk in closet, private bath with shower, linen closet & vanity with double sinks. A second bedroom offers a walk in closet. There is a full bath with tub/shower and an additional room suitable for an in home office. There is a full basement which could potentially be finished for additional living space and a one car garage with opener. Condo fee will be $325 per month.





288 Littleton Rd, Westford, MA 01886

Commercial

$750
Price

2
Buildings
Office
Type of Comm.
2nd floor office space in the front Gateway Building available for lease. Currently configured with 2 offices, an open reception area and a private bathroom. Tenant to pay all utilities in addition to rent. Unit has fresh pain and new flooring.
Open House
No scheduled Open Houses




Photo by La Belle Galerie via Pixabay

When your home is on the market, you can’t always anticipate when you’ll get a call from your real estate agent that a buyer wants to see it. Trying to keep your home in perfect condition can add stress to an already complex time, but if you practice these tips, your sparkling bathroom is sure to win them over.

Daily Habits

Keep a cloth beside the sink so that you can wipe it out after each use. Then, before you leave the house, just grab the cloth and put it in the laundry. Another option is to keep a pack or canister of wet wipes handy. Just before you head out, wipe down the fixtures, drawer pulls, switch plates, and doorknobs. Don’t forget the toilet lever. And keep the seat lid down.
If your shower has glass panels or doors, buy an inexpensive squeegee. Keep it in the shower and teach everyone to give the glass a once-over as before they step out of the stall. Doing so keeps water spots from forming on the glass. And speaking of glass, keep a microfiber cloth handy to buff the vanity mirror and keep the toothpaste spatter at bay.

Weekly Habits

Freshen the towels at least once or twice a week. Use a cleaner in the toilet and wipe down the outside with an antiseptic wipe. Wipe down the sides of the shower or tub while you’re in the shower to simplify the process. Damp-mop the floors too.

Monthly Habits

Launder the shower curtain and liner to keep mold away. While you’re at it throw the bathmat in too. Attach a microfiber cloth to a broom with a rubber band and catch all the dust on the ceiling, corners and light fixtures.

Unclutter

Take a weekend morning to remove all the extra stuff from your bathroom cabinets, drawers, and vanity top. Keep only the items that you use regularly. Store them in baskets or tubs that you can quickly slip under the sink or into the linen closet before homebuyers arrive. Keep a set of towels aside specifically for staging and whip them out when you know someone is on their way.
Add one of these routines into to your daily, weekly, and monthly habits and see your stress levels drop when you get that call from your agent. While you’re doing that, talk to your agent about other ways to stage your home without completely disrupting family life.


6 Hildreth Street, Westford, MA 01886

Single-Family

$600,000
Price

7
Rooms
3
Beds
1
Baths
Welcome home to this lovingly cared for ranch style home, with picturesque stone walls, which proudly sits on a large, level, spacious lot. From this location it is an short walk to church, muffin shop, town common featuring a seasonal farmers market, library, town hall, town museum, walking trails & local parades. This home offers a spacious kitchen which opens to a dining area with HW floors & bay window. There is a carpeted family room with bay window & built in bookcases that could be used for a home office. The formal living room features a masonry fireplace, picture window & HW flooring. There are three large bedrooms with HW flooring & a full bath with tile floor, corian countertops & tiled tub. The basement offers potential for future finished liv. space. A 12' x 16' Reeds Ferry shed in the yard is perfect for storing all recreational or yard maintenance equipment. Minutes from Routes 495, 3 & 2 offers an easy commute to work or shopping. Westford offers award winning schools!!
Open House
No scheduled Open Houses

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