Why the Holiday Season Might Be the Best Time to Buy a Home

Ah, the holiday season. A time for twinkling lights, cozy sweaters, and the faint sound of Mariah Carey’s voice echoing through every store. But what if, amidst all the eggnog and gift wrapping, you decided to embark on the ultimate holiday adventure—buying a new home? It may sound unconventional, but hear us out. The holiday season just might be the perfect time to find your dream abode. Here’s why:

1. Less Competition Means More Cookies (and Homes) for You

While others are busy decking the halls, you can be busy locking in deals. The holiday season typically sees fewer buyers in the market, which means less competition for you. It’s like showing up to the cookie swap and realizing no one else brought snickerdoodles. More for you!

2. Sellers Are Extra Motivated

Many sellers during the holiday season are in the market for a reason—relocation, end-of-year tax breaks, or simply wanting to start fresh in the New Year. Motivated sellers might be more willing to negotiate, which could mean a lower purchase price or some extra perks thrown in. Free snowblower, anyone?

3. Interest Rates May Be More Cheerful

Mortgage rates can fluctuate throughout the year, but the holiday season often brings a little cheer in the form of competitive interest rates. Lower rates mean you’ll have extra room in your budget for important things, like an inflatable snowman for the front yard.

4. You’ll See the Home at Its Coziest

Shopping for a home in winter means you’ll get to see how the property handles the cold. Is the heating system up to snuff? Do the windows let in drafts? Plus, if it’s decorated for the holidays, you’ll get a sneak peek at just how festive your future looks. (And if the neighbors go too heavy on the inflatable reindeer, you’ll know what you’re in for.)

5. End-of-Year Tax Benefits

Closing on a home before December 31st could qualify you for some sweet tax deductions. Property taxes, mortgage interest, and loan points might all be deductible, which could make your accountant as jolly as Santa himself.

6. Real Estate Agents Have More Time

The holiday season can be quieter for real estate agents, which means they’ll have more time to focus on finding you the perfect home. Think of it as having your own personal elf dedicated to your housing wish list.

7. Holiday Sales Aren’t Just for TVs

Moving into a new home means you’ll likely need furniture, appliances, or maybe even that fancy coffee maker you’ve been eyeing. Holiday sales can help you furnish your new digs without breaking the bank. Black Friday isn’t just for gadgets, folks.

8. It’s a Great Excuse to Avoid Awkward Family Questions

“So, when are you buying a house?” This perennial holiday dinner question can finally be answered with: “Actually, we’re closing next week!” Watch their jaws drop as you casually pass the cranberry sauce.

Wrapping It Up Like a Holiday Gift

Buying a home during the holiday season might seem a little unorthodox, but it’s packed with perks that could make your decision to move merry and bright. So, if you’re ready to trade in your sleigh for a new set of house keys, grab a cup of cocoa, call me, your jolly real estate agent, and start dreaming of a home for the holidays—your very own.

 

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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The Cozy Tradition of Giving Thanks in the Fall

As the leaves turn golden, the air gets crisp, and the scent of spiced drinks fills the atmosphere, there’s a special warmth that spreads beyond our cozy sweaters. It’s the warmth of gratitude. Fall has long been a season tied to giving thanks, a tradition that has deep roots and a beautiful purpose. But how did this custom come about, and why does it feel so right during this time of year?

The Origins of Fall Gratitude: From Harvests to Thanksgiving

The idea of giving thanks during the fall dates back centuries, all the way to ancient harvest festivals. Many cultures throughout history have celebrated the bounty of their crops with feasts, music, and thankfulness. After all, it was a time to gather what had grown, secure food for the winter, and take a moment to appreciate the abundance after a season of hard work.

Fast forward to the more modern tradition of Thanksgiving, particularly in North America. In the U.S., Thanksgiving traces its origins to 1621, when the Pilgrims and Native Americans shared a feast to celebrate the Pilgrims’ first successful harvest. This day of gratitude eventually became a national holiday (thanks, Abraham Lincoln!), and now, millions of families gather in November to express thanks for everything from health and happiness to pecan pie.

Why Fall Feels Like the Perfect Time for Gratitude

Have you ever noticed how autumn just feels like the right time to slow down and reflect? There’s something about the cooling weather, the cozy evenings, and the natural beauty of falling leaves that nudges us to pause and appreciate what we have. The world seems to soften, and in this peaceful in-between season, it’s natural to think about what we’re grateful for.

The fall also marks the start of many family traditions, from pumpkin picking to holiday dinners. These moments remind us of the connections we share with loved ones, both near and far. In many ways, fall is less about the big, flashy celebrations (hello, summer barbecues and winter festivities) and more about the quiet, meaningful ones. And it’s in that calm that gratitude tends to bloom.

Ways to Embrace the Fall Tradition of Gratitude

  1. Create Your Own “Thanks” List: Take a few minutes each day or week to jot down a few things you’re thankful for. They don’t have to be big — sometimes, it’s the little things like a warm cup of tea or a soft blanket that make all the difference.

  2. Host a “Friendsgiving”: Can’t make it home for Thanksgiving? No problem! Gather your closest friends, cook up a potluck dinner, and enjoy the spirit of the season with your chosen family.

  3. Share the Love: One of the best ways to show gratitude is to give back. Whether it’s volunteering at a local food bank or donating to a cause close to your heart, fall is a perfect time to spread kindness.

  4. Savor the Season: Sometimes, giving thanks means simply enjoying the moment. Go for a walk through crunchy leaves, try a new fall recipe, or cozy up with a good book. Let yourself embrace the season’s simple pleasures.

A Season Worth Celebrating

As fall continues to unfold, it’s the ideal time to embrace the tradition of giving thanks. Whether it’s through large celebrations or quiet moments of reflection, this season reminds us that gratitude is at the heart of it all. So, let’s savor the pumpkin pies, appreciate the company of loved ones, and give thanks for all the good that surrounds us.

Because, after all, autumn isn’t just a season — it’s a feeling. And that feeling is best enjoyed with a heart full of gratitude. 🍂

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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Top Fall Decorating Ideas to Boost Your Curb Appeal When Selling Your Home

Ah, fall! The crisp air, the warm hues, and that cozy feeling you get just by stepping outside—it’s no wonder this season is a favorite for many. But did you know that autumn’s natural charm can also help you sell your home? Fall is a prime time for real estate, and with the right decorations, you can transform your home’s curb appeal, drawing potential buyers in from the moment they set eyes on it. Here are some top fall decorating ideas to make your home stand out and sell faster.

1. Create a Welcoming Entrance

First impressions matter, especially when selling a home. To instantly grab attention, start with your front door. A festive fall wreath can make a big impact. Whether it’s filled with orange leaves, dried wheat, or even mini pumpkins, a wreath can make your entrance feel warm and inviting.

Pair that with a stylish doormat that says “Hello, Fall” or features a classic autumn design. The goal is to make visitors (and potential buyers) feel like they’re stepping into a cozy, well-maintained home.

2. Pumpkin Power

Nothing says “fall” quite like pumpkins. They’re versatile, inexpensive, and come in all shapes and sizes. Line your porch or walkway with a mix of large and small pumpkins in a variety of colors—classic orange, muted white, or even soft green gourds.

Just be sure not to overdo it. You want your display to feel tasteful and balanced, not like you’re running a pumpkin patch from your front lawn!

3. Embrace Fall Florals

Flowers might not immediately scream “fall,” but certain varieties like chrysanthemums (mums), marigolds, and pansies are perfect for the season. These flowers bloom in vibrant autumn hues and can last well into the cooler months.

Place potted arrangements on your porch or along your steps, adding pops of red, yellow, and orange to complement the natural colors of fall. Don’t forget to swap out any lingering summer flowers for these fall-appropriate blooms. A fresh, seasonally appropriate garden tells buyers that you care about every detail.

4. Rustic Elements Add Charm

Rustic touches, like wooden crates, barrels, or galvanized metal buckets, can instantly give your home that charming, farmhouse feel that’s so popular right now. You can fill these with fall florals, pumpkins, or even firewood for a touch of rustic elegance.

Strategically place these items near your porch, garage, or front yard to give your home a warm, lived-in feel without looking too cluttered.

5. Light the Way with Lanterns and Candles

As the days get shorter, lighting plays an even more crucial role in creating a cozy ambiance. Place lanterns with faux candles along your walkway, porch steps, or around your front door to guide guests and potential buyers in. The soft, flickering light will give your home a welcoming glow, even as the sun begins to set earlier.

For added curb appeal, mix different lantern sizes or use a variety of hanging string lights to add a magical, twinkling effect.

6. Don’t Forget the Mailbox

Your mailbox is one of the first things people see when they approach your home, so why not give it a fall makeover too? Wrap a garland of faux leaves or berries around the post, or add a mini pumpkin arrangement at its base. It’s a small touch that can have a big impact when trying to impress buyers.

7. Tidy Up the Lawn

While decorating is key, curb appeal starts with a clean, well-maintained exterior. Keep leaves raked, bushes trimmed, and your grass green for as long as possible. Fall can be a messy season, but a little extra attention to your lawn can make a world of difference.

8. Incorporate Hay Bales or Cornstalks

For a more dramatic fall display, consider adding a small hay bale or a few bundles of cornstalks. These can be placed by your front door, along the porch steps, or even near your mailbox for a full autumnal vibe. They add texture and height to your decor, helping your home stand out from the rest.

Final Thoughts

Fall is one of the most visually stunning times of the year, and with a little creativity, you can easily harness that beauty to boost your home’s curb appeal. From pumpkins and mums to cozy lighting and rustic touches, these simple decorations can make your home feel welcoming, warm, and ready for a new family to fall in love with. Plus, who doesn’t love a home that’s dressed up for the season?

So, break out your plaid scarves, light a cinnamon-scented candle, and get ready to wow those buyers this fall!

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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New Listing ~ 46 Pickman Drive

Enjoy the ease of living maintenance-free in the desirable Huckins Farm community.

This free-standing home boasts hardwood floors, an ideal floor plan, and a bright, open kitchen.

 

Whether entertaining or just relaxing, the formal living room provides the perfect atmosphere with its fireplace, skylights, and vaulted ceilings.

Set off down the hall from the living room are two bedrooms including the primary bedroom with vaulted ceilings, a walk-in closet and an en-suite.

A half bathroom, family room, and a formal dining room finish out the first floor.

Upstairs find a spacious third bedroom with a full bathroom. Outside, the beautiful views of the paddock can be enjoyed from the three-season porch or the patio.

 

Being part of the Huckins Farm community means access to horse paddocks, swimming pool, tennis courts, exercise room, and conservation trails.

If you would like to see or hear more, please reach out to me!

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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New Listing ~ 12 Arbella Road, Huckins Farm

Welcome to 12 Arbella Road, where every detail is an expression of timeless taste and style. Offering maintenance-free living in the desirable Huckins Farm neighborhood. 

Enter the home through a foyer leading to a spacious living room with a fireplace, vaulted ceilings, and skylights.

The stunning eat-in kitchen features beautiful cabinets, appliances, granite countertops, and a large kitchen island, making it the perfect place to entertain.

The family room connects to the kitchen, complete with a fireplace and outstanding built-ins for additional storage.

 

The first-floor primary bedroom stretches front to back and features vaulted ceiling, a walk-in closet, and an extraordinary en-suite.

A second bedroom, 3 season- porch, and a half bath finish out the first floor.

Upstairs find a third bedroom with an impressive upgraded full bathroom.

Downstairs, a fully finished basement provides additional entertaining space with ample amounts of storage.

If you are interested in hearing or seeing more, please reach out to me with any questions! 

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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10 Kitchen Remodeling Ideas to Increase Your Home’s Value

The kitchen is often considered the heart of the home, and for good reason. It’s where meals are prepared, family gatherings happen, and memories are made. If you’re looking to increase your home’s value, remodeling your kitchen is one of the most effective ways to do so. Whether you’re planning a full-scale renovation or just looking to make some strategic updates, here are ten kitchen remodeling ideas that can boost your home’s value.

1. Upgrade to Energy-Efficient Appliances

Investing in energy-efficient appliances not only reduces your utility bills but also appeals to environmentally conscious buyers. Look for Energy Star-rated refrigerators, dishwashers, and ovens, which use less energy and water. Modern, stainless steel appliances are particularly desirable, adding a sleek, contemporary look to any kitchen.

2. Install a Kitchen Island

A kitchen island provides additional counter space for meal preparation, storage, and can even double as a casual dining area. Islands with built-in sinks, wine coolers, or cooktops offer extra functionality. This addition makes the kitchen more versatile and can significantly increase the room’s utility and aesthetic appeal.

3. Quartz or Granite Countertops

Replacing old laminate countertops with quartz or granite can make your kitchen look more luxurious and is a strong selling point for potential buyers. These materials are not only beautiful but also durable and resistant to stains and scratches. They come in a wide range of colors and patterns, allowing you to choose a style that complements your kitchen design.

4. Incorporate Smart Technology

Smart kitchens are becoming increasingly popular. Consider adding features like touchless faucets, smart lighting, or a smart refrigerator. These high-tech additions enhance convenience and can be controlled via smartphone apps, adding a modern touch that appeals to tech-savvy buyers.

5. Refinish or Replace Cabinets

Old, outdated cabinets can make a kitchen feel drab and uninviting. If replacing cabinets is outside your budget, consider refinishing or repainting them to give them a fresh look. Updating cabinet hardware with modern knobs and pulls can also make a significant difference.

6. Open Up the Space

Open-concept kitchens are highly desirable in today’s real estate market. If your kitchen feels closed off, consider knocking down a wall to create a more open layout that flows into the dining or living room. This change can make your kitchen feel larger and more inviting, enhancing its overall appeal.

7. Add a Backsplash

A stylish backsplash can instantly update the look of your kitchen. Subway tiles, mosaic designs, or even a simple, elegant tile can add a splash of color and texture. Backsplashes not only protect your walls from spills and splashes but also serve as a focal point in the kitchen design.

8. Upgrade Your Lighting

Good lighting is essential in a kitchen. Consider installing recessed lighting, pendant lights over an island, or under-cabinet lighting to brighten up the space. Dimmable lights allow you to adjust the ambiance, making your kitchen versatile for cooking, entertaining, and dining.

9. Focus on Flooring

Replacing old, worn-out flooring can dramatically change the look of your kitchen. Hardwood floors are a popular choice, but if you’re looking for something more budget-friendly, luxury vinyl or tile options can mimic the appearance of wood or stone while being durable and easy to maintain.

10. Create a Pantry Space

A well-organized pantry is a highly sought-after feature. If you have the space, consider adding a walk-in pantry or at least a designated pantry area with built-in shelving. This addition provides ample storage for groceries and kitchen essentials, keeping your kitchen clutter-free and functional.

Remodeling your kitchen is one of the most effective ways to increase your home’s value. Whether you opt for a full renovation or just a few strategic updates, these ideas can make a significant impact. From upgrading appliances to installing a kitchen island, each change not only enhances your kitchen’s functionality but also adds aesthetic appeal that potential buyers will love.

 

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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12 Tips for an Easier Move

As exciting as it is to move into a new home, not many people look forward to the actual moving day. Whether you are moving across town or across the country, moving is stressful. Here are some helpful hints from expert movers to make the big day a little more bearable.

1. Schedule your move well ahead of time. Moving companies get booked up weeks in advance, so don’t wait until the last minute to schedule your move. Make sure they know ahead of time if you have any very large or heavy items to move. The last thing you want is for the movers to show up with a truck that isn’t big enough or without enough people to move your belongings safely.

2. Consider letting the moving company pack your items. If it’s within your budget to hire packers, it may be money well spent. Packers are usually very efficient and take time to wrap fragile items securely. Packers will usually pack you the day before your move, so you don’t have to pack items away that you may need up until the day of your move.

3. Schedule services. Don’t forget to have services transferred or started at your new home. These may include:
Power
Water
Trash service
Internet/TV/Phone
Gas
Lawn service
Pool service
Security system monitoring

4. Have your new home professionally cleaned. If your seller is not arranging for cleaning to be done prior to closing, arrange to have it done before you move in so that you won’t arrive to a dirty house.

5. Pack a moving supply box. Your moving supply box should contain items you may need while you are unpacking and getting settled in your new home, such as:
Toilet paper
Paper towels
Sponge
All-purpose cleaner and glass cleaner
Shelf liner paper
Scissors
Furniture moving pads
Tape measure
Cordless screwdriver
Hammer
Picture hanging kit
Bottled water, snacks, pet food
Paper plates, cups, and disposable utensils
Dish Soap and Hand Soap

6. Make Your Bed. As soon as your bed frames and mattresses come off the truck, put them together or have the movers put them together, and make them up. Pack your sheets, blankets, and pillows together in well-marked boxes so you can find them easily. When you are ready to collapse at the end of moving day, you’ll be thankful the beds are made up and ready to fall into.

7. Ditto for your towels and bath soap. Pack bath towels and soap with your bed sheets so you can jump in the shower before retiring without having to search for towels.

8. Make Plans for Your pets. The last thing you need on moving day is a stressed-out pup or kitty, or worse, one that escapes in an unfamiliar neighborhood. Make plans for your pets to spend the day with family or friends, a pet sitter, or boarding facility until you are ready to introduce them to their new home.

9. Say Yes to Helpers. Sometimes it’s hard to accept extra help from family or friends if you aren’t sure what they can help with. Here are some tasks you can delegate:
Lay shelf liner in the kitchen and bathroom cabinets and drawers
Unpack and put away your kitchen items (you can rearrange later!)
Babysit or keep your children occupied
Make up your beds, place towels in the bathrooms
Wipe down cabinets and counters
Break down packing boxes
Hang clothes in closets
Organize tools and equipment in the garage
Pick up lunch or dinner

10. Hire a Sitter. If you have little ones, they will be very excited about their new home, new rooms, and yard. They will want to be with you, but they will not be interested in unpacking boxes! Make plans for someone to be available just for them, so you can concentrate. A family member, friend or hired sitter can help them explore their new surroundings, build a box fort, or organize their toys in their new rooms without you worrying about where they are.

11. Hire someone to hang your art. Unless you love to hang things yourself, you might consider having a handyman scheduled to come in and hand your wall art and window treatments for you. This can save you a great deal of time getting settled. If you need help deciding where to hang art or portraits, a decorator may be a better choice than a handyman. They can help you decide on placement and hang items themselves or direct a handyman where to hang items.

12. Check out of the old house. Prior to closing, you should have submitted a change of address form with the post office. You’ll also need to remember to leave all keys and garage door or gate openers, and make sure the movers don’t pack up things like ceiling fan remote controls or other loose items that stay with the house. Don’t forget to clean out spaces like the attic, backyard sheds, crawl spaces, or any other hideaway spaces you might have stored items. It’s always nice to have the home professionally cleaned for the new owners, and, if you feel inclined, leave a list of recommended local vendors for household services.

 

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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Upsize or Downsize: What’s Your Best Move?

Deciding if it is time for your family to upsize or downsize is not always a clear choice. There are factors to consider that might push you to take the leap or stay put for a while longer. Whether you are thinking about upsizing so your family can spread out or purging possessions so you can downsize, here are some questions to ponder.

1. How are you using your current space?
Do your family members feel like they don’t have adequate privacy or space to do their own thing?  Are you tired of working at the dining table and really need an office or workshop? Is having the kids share bedrooms just not working out? Maybe an upsize is warranted. On the other hand, do you have rooms that aren’t being used, or are you tired of paying property taxes on more house than you need? Check for the downsize column!

2. Have you considered the maintenance costs?
If upsizing is on your mind, consider the added costs for maintaining a larger home and property, whether in money or time. Will you be able to keep up with cleaning, lawn care, and general maintenance issues that come with owning a home? If you are ready to cross maintenance off your to-do list, perhaps you are ready to downsize to a more manageable property or one where the HOA handles part of the job.

3. What are your outdoor space needs?
Are you ready to give up having a yard or garden to downsize to a maintenance-free space? Do you have pets that need outdoor space? Do you need more outdoor space for your children to play or your dog to run around in? The size of the house is one thing, but the property is important also.

4. Have you looked to the future?
What do you expect your needs to be in the next five, ten, or twenty years? Do you want a large home where your children and grandchildren will come for vacations and holidays, or will you be spending those times at their homes? Will you want to entertain groups of friends, or do you foresee going out for your entertainment? What will happen if your spouse passes; will you want to stay in the home on your own?

5. Do the financial implications add up in your favor?
Can you handle the higher costs involved with a larger home, or are you ready to cut costs with a downsize? Consider where you stand on your current mortgage. Are you alright with starting a new mortgage at this point in your life, or are you in a position to purchase in cash? What are the tax implications for your move?

6. Is it the right market to upsize or downsize?
A seller’s market is hot for those looking to sell a larger home and downsize. Upsizing may be riskier in a big seller’s market, but if your family would be happier in a larger home, it might be worth the leap.
Whatever questions you have about purchasing your next home, I’d be honored to assist you. So let’s work together to make sure your next move is the right one.

 

 

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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8 Reasons Why Real Estate is the Best Investment

Real estate has long been considered a solid investment for many reasons. It is a relatively safe and easy way for people to build wealth beginning with a small amount of money. If you are interested in investing in real estate, I’d be happy to help you find the right properties.
Here are some of the ways investing in property can help you build an investment portfolio.

1. Real estate investments can provide you with a reliable and steady cash flow. Investing in rental properties is relatively easy as expenses are predictable and if your properties remain occupied you know what to expect in terms of profit margin.
2. Real estate appreciates in value. Real estate consistently appreciates, even during economic downturns, making it one of the more reliable investments. On average, real estate in the US appreciates between 3-5% annually.
3. Real estate investments help you retire. If you have been paying on your mortgage throughout your working years, you will experience greater cash flow as you near the end of your mortgage term and the principal is paid off.
4. Real estate sales are taxed at a lower rate than other income. When you sell your property, you are taxed short- or long-term capital gains which are usually lower than income tax brackets.
5. Real estate equity can be leveraged. One of the most attractive reasons for investing in real estate is the ability to leverage your money. When you take out a mortgage to purchase property you reduce the amount of capital required. As you build up equity in the property, you borrow against the equity or refinance the original loan, freeing up cash to buy another property.
6. You have control to improve upon your asset. Unlike an investment in stock, where you have no control over how it performs, you can improve upon your real estate investment. Updating or upgrading systems, finishes, appliances, and landscaping helps build value in your investment.
7. Real estate gains taxes can be deferred. Under the 1031 exchange tax code, you can invest the gains from the sale in one property to the purchase of another property without paying taxes on the gains.
8. Real estate investments are depreciable. This is confusing, but you can legally claim a depreciation expense on an investment property even though the value of your investment property is actually appreciating. The depreciation deduction allows investors to generate a higher cash flow while reporting a lower income for tax purposes.

 

 

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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Your best friend in real estate? It’s your credit

Your best friend in real estate?
It’s your credit
I always have my buyers get familiar with the 4 C’s of building credit so they’re prepared to receive the best loan terms possible.

Credit: This is a reflection of your financial past. Do you consistently make payments on time? If yes, lenders perceive you as less of a risk and more likely to approve your loan application.

Capacity: This is your ability to repay a loan based on your income and employment history. It’s not just about having the funds but also about a track record of financial stability.

Capital: Assets or cash reserves can be used to repay your loan if your income isn’t enough. It’s like a safety net that lenders look for when deciding whether to approve your loan.

Collateral: This is something of value that you can pledge as security against the loan. In case of default, it can be seized by the lender. In the context of real estate, the home itself often serves as collateral.

Good credit is essential because it directly impacts your mortgage approval prospects, competitive interest rates, and down payment requirements.
On the other hand, a subpar credit score can make securing the best terms challenging, but don’t be discouraged if your credit isn’t perfect right now.
Building a strong credit takes time and dedication. Small steps can lead to significant improvements.
If you have questions about how credit affects real estate financing or need guidance on improving your credit score, reach out to me and I can send over some resources!

 

 

DEBBIE SPENCER GROUP
REALTOR®, CRS, SRES
m: 617-285-7300
t: 781-860-7300
e: debbie@thedebbiespencergroup.com
1 Militia Drive, Suite 204, Lexington, MA 02421

www.thedebbiespencergroup.com

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