Annemarie Torcivia - RE/MAX  Trinity



Posted by Annemarie Torcivia on 11/16/2017

This Business Opportunity in Malden, MA recently sold for $80,000. This style home was sold by Annemarie Torcivia - RE/MAX Trinity.


00000 Salem Street, Malden, MA 02148

Business Opportunity

$80,000
Price
$80,000
Sale Price

0
Parking Spaces
Location Location Location !!!! High grossing and extremely busy pizza / sub shop in highly visible location. Low overhead. Doing business as a pizza store for 45 years . Additional Italian cuisine, salads, calzones and more. Fully equipped kitchen and extensive inventory . See attached for detailed list. High foot traffic area . Delivery service to Malden, Revere, Everett and Saugus as well as clean eat in seating area. Some seller financing available. Owner will supervise for 1 month. Turnkey Don't miss out on this excellent opportunity to become a successful business owner.

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Categories: Sold Homes  


Posted by Annemarie Torcivia on 11/13/2017

For some home buyers, a home older than a certain date is automatically off the table. But for others the more history a home has the more interested they become in placing a bid. If you are in the latter camp, this article is for you. Owning a historic home isn’t for everyone and there are a few things you should know before beginning your search.  

One disappointment for potential homebuyers can be the limitations historic districts or easements put in place. They can limit what you can and cannot do aesthetically to your home such as paint colors and architectural changes, especially to the front of the house. If you find yourself dreaming of new siding colors, tearing down walls or building additions to make the house “just right”, you may find yourself disappointed. These are common changes that don’t go beyond the drawing board due to limitations in place and can even bring down the value of your home.   

On the plus side, because of these rules in place, the area probably has an active neighborhood association. You can expect well taken care of homes on your street that stay authentic to the historical charm you so love. You’ll have a community to turn to when you’re looking to gain knowledge on renovating and repairing your home. Chances are pretty high they have had to make similar repairs and know the best contractors in the area or where to source materials you’ll need.

And this is great because you’ll want to be prepared for repairs throughout the years to maintain your home. When renovating it’s important that you use the right materials as not doing so could damage your home in the long run if they don’t play well with your home’s existing infrastructure. For this reason, you’ll want to hire historic home specialists and preservationists when it comes time to make repairs.

In historic homes, repair bills can add up especially if you’ve taken on a “project” home. Take your current and projected income into consideration and if you’ll have the ability to keep up with costs. No one wants to live in a permanent construction zone and this can very well be the case if you run out of funds. You may want to consider an FHA 203k loan, aka a rehab mortgage, to help cover these costs especially any large ones you’ll need in the beginning. Some states also offer grants and tax deductions for repairs and maintenance on historic homes.

For each home you consider, hire an inspector that specializes in historical houses and therefore well versed on what to look out for and what the common (and uncommon) warning signs are. Be on the alert for asbestos, mold and lead paint especially if you have or plan to have small children. And know when to walk away, homes with structural issues are usually not worth their while and the issues you’re sure to have with time.

Purchasing a historical home is more than just a buying a house. It’s buying a piece of history with memories imprinted into its floors and walls. It is for this reason you also want to ensure those memories are not toxic or unsafe for your family. This house buying, perhaps more than any other, is one best-given plenty of time to find “The One” that’s perfect for you.  





Posted by Annemarie Torcivia on 11/6/2017

Securing a mortgage can take years of planning and saving. Depending on credit score and financial history, it can be difficult for some people to secure a mortgage with a reasonable interest rate and down payment.

As a result, the U.S. government--at both the federal and state level--has created several programs to make the goal of homeownership more achievable for more Americans. 

These programs are designed to help a number of people, including first-time homebuyers, low-income families, people living in rural areas, Native Americans, and veterans and servicemembers of the United States military.

In today’s article, we’re going to be talking about “VA loans,” or loans guaranteed by the United States Department f Veterans Affairs.

What is a VA Loan?

When a bank chooses to approve someone for a mortgage, they have weighed the risks of that person’s ability to pay back the loan. The less certain a bank is that they will see a return on their investment with a borrower, the higher the down payment and interest rate they will require.

One incentive that the U.S. Department of Veteran Affairs offers its service members and veterans is the ability to receive a loan that is, in part, guaranteed by U.S. Government. That means that lenders can safely approve you for lower interest rates and down payments knowing that the money they are lending you is insured.

Who is eligible for a loan?

Loans guaranteed by Veterans Affairs aren’t strictly for veterans. Active duty service members, including National Guard and Reserve Members may also be eligible. In addition to service members, people who are or were spouses of veterans or service members might also be eligible for a VA loan.

Specific eligibility requirements can be somewhat complicated, so it’s a good idea to visit the eligibility page or contact your local Veterans Affairs office.

What are the perks of a VA Loan?

If you’ve spent a significant portion of your time serving in the military, there’s a good chance that saving for a home has been placed on the back burner. Shopping around for a loan with an affordable down payment can be daunting or impossible for many.

Fortunately, with a VA loan eligible recipients are able to receive a loan with a low down payment or even no down payment.

In a time when down payments can average 20% of the mortgage, that can mean a lot of money you won’t have to spend up from. For example, a home that costs $275,000 would have a 20% down payment of $55,000.

What are the fees?

This great deal does come with one catch. As with many loan assistance programs, there is a fee charged for the services. On top of the funding fee charged by the VA, there are other costs associated with buying a home.

These may include appraisals, inspections, credit reports, and more. Additionally, lenders may charge a 1% flat fee for those using a VA loan.




Categories: Uncategorized  


Posted by Annemarie Torcivia on 10/30/2017

Visually attractive design isn't enough to make your house a front runner in the real estate market. Mobility is important and not only for senior adults. In addition to age, physical limitations, body structure and intellectual disabilities create need for your home to make it easier for you and your guests to be more mobile. Specifically, your guests and you benefit from a more mobile friendly home because a mobile friendly home provides greater security.

Why you need a mobile friendly home

There are even more reasons to go mobile at home. For example, you need a mobile friendly home because:

  • Mobile friendly home enhancements can help to reduce or eliminate accidents like slips and falls
  • Muscle strains created when children and short adults press their bodies to reach canned food on top cabinet shelves can be avoided
  • Wheelchair falls that occur when people topple over as they lean too far forward or to the side as they attempt to go from the second to the first floor or go up or down stairs
  • Ability to contact someone in the event of an emergency

Getting to a more mobile friendly home requires vision and an openness to innovation. It also requires care for your house guests. Plainly, you need to care about the people who visit or live at your home to see it important enough to redesign your home to accommodate people who may have physical or intellectual disabilities.

Designing a mobile friendly home

Specific actions that you take to design a mobile friendly home depend on the current layout of your house. In general, to achieve a mobile friendly home, you could:

  • Lower kitchen cabinets so that every adult who lives at or visits your house can reach top shelves without having to strain while standing atop a foot stool
  • Place a footstool within easy reach of house residents and guests. This could be as simple as putting a footstool in your kitchen pantry
  • Install handrails at indoor stairwells that have four or more steps
  • Build handrails at all outdoor stairwells regardless of the number of steps
  • Put throw rugs in front of doors to catch excess water on rainy days to keep guess and family members from slipping and falling
  • Add wheelchair ramps to the exterior of your home. Add wheelchair ramps at the start of your back and front walkways
  • Open walls to lower the times that people have to enter or exit doorways or walk around walls to get inside another room
  • Include emergency monitors in the bathroom, kitchen, bedroom and other rooms of your home that people with mobility challenges frequent

Many actions that you could take to design a more mobile friendly home don't require construction. It's possible to perform a lot of the actions on your own and within minutes. A visit to a home goods store will resolve many of the items.

For example, you can get a step stool and throw rugs from a home goods or department store. Getting an emergency alert system could be as simple as adding the service to your home security system. It also helps to ask family members and guests what changes could be made at your home to make your home more mobile friendly.





Posted by Annemarie Torcivia on 10/27/2017

This Single-Family in Salem, MA recently sold for $365,000. This Cape style home was sold by Annemarie Torcivia - RE/MAX Trinity.


26 Irving Street, Salem, MA 01970

Single-Family

$349,900
Price
$365,000
Sale Price

5
Rooms
3
Beds
1
Baths
Welcome Home to this well maintained Cape in a wonderful neighborhood of North Salem. This cape flaunts an open concept dining area/updated granite kitchen w/stainless steel appliances, a spacious living room, an updated bath, freshly painted first floor; 1st floor bedroom or office; new gas furnace; two spacious 2nd floor bedrooms with large closets and bulit ins. Added bonuses are its wonderful fenced in yard, two car off street parking, a basement ready for your extra items to be stored along with being fully insulated through MassSave. Its close in proximity to the commuter train, commuter routes and all downtown Salem has to offer. Showings begin at Open House Saturday Sept. 9th 11 am - 1 pm. Offers are due Monday Sept. 11th at 5:00 pm. please allow a 24 hr. response time.

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Tags: Real Estate   Single-Family   Salem   01970  
Categories: Sold Homes