Bethania Camilo - Coco,Early & Associates Star Division LLC

Posted by Bethania Camilo on 3/18/2018

Many people think of their first home as a “starter home.” This refers to a home that is fairly small and typically is for young people who are just starting out in a new phase of life. These types of homes are generally not thought of as “forever homes.” Many times, as families expand, they will move on from their starter homes to bigger and better homes. This includes living in desirable neighborhoods and adding extra comforts that the first home may not have had. Other times, people expand on their starter home in order to make more room for children and the needs of a growing family. These homes truly are jumping off points. Studies show that the idea of starter homes is disappearing. It could be that the requirements of first-time homebuyers are changing and therefore the types of homes that are being sought after are few and far between. The expectations of buyers have increased greatly. Buyers would like adequate space and hope that their first home is not only in a great location, but ready for them to move in without much work as well. Really, buyers are looking for everything anyone would want in their forever home in their starter homes. So, is it a smart idea to search for a starter home, only to move a few years later? The answer is multi-faceted. Starter homes are typically the homes that you can afford at the present time in your life. If you decide that you can save up longer and go for the house you really want, that may be a smarter financial decision for you. There’s always an option to wait for more homes to go on the market while you rent a place. If you do decide to go for a starter home, here’s some tips for you: Don’t Try To Get Everything You Want For A Low Price Buyers tend to have wish lists of the things they desire in a house. While that’s a great idea, don’t expect to get everything you want in your starter home. Manage your expectations along with the cost of the home. See Where You Can Expand Many homes have great potential, but buyers have what they see set in their minds and fail to see what can be done in the future. Look at homes with open eyes and picture the possibilities. Know There Will Be Work Involved Purchasing a starter home means that you’ll usually need to participate in home improvement projects. Don’t go for a home that needs major work done if you’re not up for the challenge. Typically, you’ll need to be able to get your hands dirty by doing things like changing out wallpaper, painting walls, or sanding cabinets. These are the little projects that make your house your own.

Posted by Bethania Camilo on 3/11/2018

Large 4 family in the heart of Lawrence with great income potential. Units are below market rent. Parking. Yard. Call today!

More Info on this Property | New Listing Alerts

Posted by Bethania Camilo on 3/11/2018

Great price in today's market. Less than rent! Great starter home convenient to downtown Lawrence and major highways. Large yard for Summer entertainment. Parking. Garage.

More Info on this Property | New Listing Alerts

Posted by Bethania Camilo on 3/11/2018

When a house is sold, it’s generally expected that the seller will take all of their personal belongings along with them. This includes furniture, pictures, cleaning supplies, and appliances that weren’t included on the deal. This is all in the expectation that the buyer will have a clean property to move into. 

If a seller does leave personal property behind, what are the rights of the buyer? Buyers may wonder if they can move in and actually take possession of the home if belongings have been left behind. There are a few reasons that buyers may leave property behind including:

  • The item is actually a fixture and not considered personal property
  • The item could belong to a tenant (or former tenant)

In these circumstances, each state determines different rights and procedures that must happen in order for the property to be secured without hassle by the buying party.

What If There’s So Much Stuff It Impedes On Moving In?

In the case that a seller has left so many things that a buyer cannot even comfortably move into the property, the contract may be refused. If there’s an inordinate amount of furniture, trash, and personal belongings, you certainly have a good argument to not sign the final contract for the property. Your rights as a buyer do, however, depend on what exactly was written into the purchase contract for the home you’re buying. 

Hidden Items

If an item has been deemed hidden or buried, the buyers have a different circumstance on their hands. Many times, a buyer is obligated to hang onto these items for the seller. The items were not technically abandoned by the seller to the buyer. The buyer becomes what is called a “bailor,” or a keeper of the property, who needs to be an agent in the change of possession of the items.  

Possession Unknown

If the ownership of an item is unknown, the terms of the contract are held up. Standard contracts generally state that any items left behind by the seller have been forfeited to the buyer. If the contract says nothing about personal property, the buyer generally takes on the role of “bailor” again in this instance.

If The Property Owner Has Died Or The Property Has Been Abandoned

If a property has been abandoned due to foreclosure or bankruptcy, or the property owner has died, any personal property that is left behind is a bit more of a risk for both parties. These circumstances generally state that a buyer will be taking on a property “as is” and essentially anything left is the buyer’s problem. 

If a property owner has died, the executors generally take on the responsibility of removing items from the property to be distributed to the rightful beneficiaries. Occasionally, this process doesn’t work out due to family quarrels. In this case, personal property of the seller goes into the category of forfeiture. 

Personal property is just one reason why you need to understand your legal rights when you’re buying a home.

Posted by Bethania Camilo on 3/10/2018

This Condo in Lowell, MA recently sold for $229,000. This Garden style home was sold by Bethania Camilo - Coco,Early & Associates Star Division LLC.

35 Riverwalk Way, Lowell, MA 01854


Sale Price

Renaissance on the River! A beautiful sunny true Loft Style garden condo near the heart of the city where you want to be! This condo has beautiful wood exposed beams with 13 foot high ceilings, freshly painted walls and polished concrete floors. Awesome open floor plan with a separate bedroom, multiple large closets and a washer/dryer closet - front loading washer and dryer included. Large kitchen with stainless steel appliances, a custom island and track lighting. This loft is located right on the Riverwalk convenient to UMASS with a great view of LeLacheur Park-Spinners Baseball, walking distance to the Tsongas Arena, restaurants, shops, art studios in downtown and Lowell National State Park. Other amenities include onsite storage unit, bicycle storage room, an exercise room, multiple function rooms and great open common areas. Condo fee includes heat and A/C, snow removal, trash removal, one parking spot plus visitor parking. Conveniently located to train , Rt 3 and Rt 495

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Tags: Real Estate   Condo   Lowell   01854  
Categories: Sold Homes