Afonso Real Estate



Posted by Afonso Real Estate on 4/3/2020


49 Bancroft Park, Hopedale, MA 01747

Condo

$249,900
Price

7
Rooms
4
Beds
1/1
Full/Half Baths
Move right into this spacious half duplex! This home features double staircases in front and back of the home for access to second floor. First floor features hardwood flooring throughout, 1/2 bath and eat in kitchen. Second floor has 3 bedrooms and full bath. 3rd level features master bedroom with walk-in closet.
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Tags: Real Estate   Condo   Hopedale   01747  
Categories: Price Change  


Posted by Afonso Real Estate on 4/1/2020

Photo by Mohamed Hassan via Pixabay

Buying and selling real estate is a complicated process that takes time. Because you are making a life decision and dealing with strangers, you should always have a valid purchase contract. Real estate agents use a standard contract, but the buyer and/or seller may make changes to that contract. In making changes, be careful not to make the contract invalid.

A Valid Contract

Four elements make up a valid contract:

  • You must have an offer. In real estate, this is the party purchasing the real property.

  • You must have consideration. This is something of value, usually cash. In real estate contracts, this is called good faith money or earnest money and is usually 1 to 3 percent of the purchase price. The good faith money is typically non-refundable should the buyer back out of the contract. The consideration shows that the contract is not a gift.

  • The other party must accept the offer in the contract. If the seller signs the contract, they accepted your offer. However, if the seller does not accept your offer, they do not sign the contract. If the seller wants to counter, this may be verbal until the two parties agree upon a number. The real estate agent drafts a new contract that both parties sign.

  • Finally, the contract must contain mutuality or what attorneys often call “a meeting of the minds.” By signing the contract, the parties agree that they understand and agree to the terms of the contract.

Components of a Real Estate Contract

A real estate contract must contain:

  • The buyers’ full names.

  • The sellers’ full names.

  • The address and legal description of the property.

  • The purchase price and how the buyer will pay it, whether cash, cash subject to a new mortgage, cash subject to an existing mortgage, cash with the assumption of the existing mortgage or sale by land contract.

  • The amount of earnest money.

  • How the buyers and sellers will handle real estate taxes, assessments and adjustments.

  • How the sellers will transfer title and that the title is free and clear.

  • Date and time of possession of the property or closing date. In most cases, this is the closing date since most people do not have the cash to buy the property without a mortgage. It generally takes 30 to 60 days for a mortgage to be approved.

  • A list of improvements and fixtures that the seller will include in the purchase price.

  • Any other general or special conditions for the sale and/or purchase of the property.

Exceptions

Most real estate contracts also have exceptions. If these terms cannot be met, the buyers’ non-refundable deposit becomes refundable. Common exceptions include an inspection meeting the buyers’ expectations and the ability of the buyer to procure financing. The parties may further negotiate the price of the real estate based on the inspection. The parties may also add any other agreed-upon exceptions.




Categories: Uncategorized  


Posted by Afonso Real Estate on 3/31/2020

This Single-Family in Milford, MA recently sold for $430,000. This Saltbox style home was sold by - Afonso Real Estate.


46 Silver Hill Rd, Milford, MA 01757

Single-Family

$424,900
Price
$430,000
Sale Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Hard to find colonial saltbox in one of North Milford's highly desirable areas. Close to 495 and Mass Pike this home is situated on over 3/4 acre with oversized deck overlooking private wooded backyard. Kitchen remodeled 3 yrs ago with stainless steel stove, microwave ,granite countertops and hardwood floors and TWO pantry closets. Furnace and water heater approx. 8 and 6yrs old - newer garage doors - Mass Save insulation recently done -new front steps and sealcoated driveway months old. Beautifully kept and in move in condition Living room and family room separated by French doors make it ideal for entertaining. Larger master bedroom (11x20) and master bath and walk in closet makes this home extra desirable! - First showing Open House on Sunday Feb 16 1-3

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Categories: Sold Homes  


Posted by Afonso Real Estate on 3/30/2020

This Single-Family in Milford, MA recently sold for $215,000. This Bungalow style home was sold by - Afonso Real Estate.


106 Hayward St, Milford, MA 01757

Single-Family

$219,900
Price
$215,000
Sale Price

5
Rooms
2
Beds
1
Baths
2 bedroom, 1 bath home being sold as is. Driveway entry is currently shared. Property being used as income property. First floor all original hardwood. Home being sold as is, price reflects work needed. Walk up attic. Motivated seller!!

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Categories: Sold Homes  


Posted by Afonso Real Estate on 3/26/2020


16 Highland, Milford, MA 01757

Rental

$1,550
Price

5
Rooms
1
Beds
1
Baths
Looking for a 1st Floor Unit with a large master bedroom with hardwood flooring and a flex room that can be used as an office, living room, country kitchen, bathroom, laundry hook up in unit. It has a patio area along with a large backyard for your entertainment. This unit includes heat, water/sewer, trash/recycle, cable ready, snow removal and lawn maintenance. Call to make your appointment today.
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Tags: Real Estate   Milford   01757   Rental  
Categories: Price Change  




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