Gary Vrotsos Team
Gary J. Vrotsos: 617-901-7117 | [email protected]
Gary S. Vrotsos: 781-838-1445 | [email protected]


Posted by Gary Vrotsos Team on 7/3/2019

Have you tried getting a mortgage from your bank and instead been given an endless series of hurdles with no approval in sight? Then perhaps itís time you moved your search for home finance online. Here you will find a host of companies willing to fund your home ownership dreams, even if you have a bad credit score. 

Some will give you the funds themselves while others are brokers who will lead you to the lenders. In the long run, what a homebuyer truly wants is a reasonable interest rate, quick approval, transparent communication, and top-notch customer service. Here are a few companies that fit those criteria.

Quicken Loans

Quicken Loans started as a brick-and-mortar shop in 1985 before going online at the turn of the millennium. It holds the position of one of the country's most popular lenders, and with good reason. First-time homebuyers are drawn to this mortgage company because of the wealth of guidance they get. Quicken Loansí range of products includes Freddie Mac and Fannie Mac loans that ask for a down payment of as little as 3% of the property purchase price.

Lenda 

Besides offering applicants quick and stress-free pre-qualifications, Lenda has made a name for its concierge service that guides you through the application process. Their platform makes it easy for you to keep track of the documents you need to submit each step of the way. It even sends alerts to remind you which documents you still have pending. 

Rocket Mortgage

Within a few minutes, you will know how much you qualify to borrow from Rocket Mortgage. This company takes its service a step higher by offering you support from a mortgage expert online. Their digital platform works effortlessly on mobile devices allowing you to monitor your application on the go. 

Guaranteed Rate

This company makes life easier for would-be homeowners by allowing them to complete the entire application process online on a user-friendly platform. Documents can be uploaded there so that human interaction can be avoided through the whole process. First-time homebuyers are attracted to Guaranteed Rate because of the relatively low down payment required. 

Sun Trust

Households that fall in the middle-to-low income bracket will appreciate the affordability of Sun Trust home loans. With them, you can get fixed and adjustable rate loans backed by the Federal Housing Association or the Veteransí Association. 

Visit an online resource you know for more detailed reviews of various top-rated lenders. Or talk to your real estate professional for local lenders they recommend.




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Posted by Gary Vrotsos Team on 4/24/2019

House flipping is a lucrative real estate investment venture that requires a lot of skills, planning, and sometimes luck to pull off. Any wrong decision when flipping a house can lead to disaster. When done right, it could also bring in a lot of money. If you can make smart decisions to buy the home at a great price, and keep renovation costs down to the minimum while maximizing the reach, then you can sell the house at a much higher rate than you paid for it. 

If you are looking to flip a house, you are looking to make a profit, so you need to make sure you are aware of the steps to take when investing in house flipping:

1. Invest in the house flip with cash

House flipping is a risky venture, and you do not want to add more debt to increase your financial risk. Flippers that borrow money with interest to finance a house flip often end up having to pay several months of interest which adds to the effective selling price of the house, making the project tighter than it already is. Using cash only to fund a house flip also means that you can wait out a slow market until you find the right buyer for the house at the best price for it.

2. Know the neighborhood market

It is normal to get excited during a house flip, but you must be sure that you never lose sight of the figures behind the investment. Know the neighborhood well so that you can buy houses that are around 80% of the average market value or less. Have the vision to know how the finished house will compete with homes already on the market and how best to price the house for a quick sale.

3. Have a strict budget for your house flip

Speak with your contractor to work out a good idea of how much the renovations will cost. It is good to have an estimate even before buying the house so that you do not overspend and become desperate with the house. Identify all structural, electrical and other issues the house may have before starting the project so that you can know if you can afford the house flip, even if unknown expenses crop up.

4. Plan for smart renovations

Aim for renovations that are low on cost and high on value. Instead of shiny floors and custom cabinets, you can refinish the existing cabinets, add granite countertops and replace all appliances to new stainless-steel ones. Things like painting and thorough cleaning can help increase the house value.

Your real estate agent will guide you on how to finish and renovate your house to meet local expectations and have a quick sale.





Posted by Gary Vrotsos Team on 4/3/2019

When searching for your new home, itís easy to get caught up looking for a house with all your ideal features. While you should try to find something with the number of rooms, lot size, garage, and basement space you desire, donít let yourself forget how important your homeís location is. After you move in and experience daily life in your new house, the pros and cons of your location become very important to the ongoing ease and enjoyment of your life. Do yourself a favor and bring your homeís location front and center when you start your home search. 

Whatís your biggest need?

Not every buyer will have the same needs and desires when it comes to location. Consider these aspects of life in your new home to find the best place for you.

  • Neighborhood safety. Are you moving to a neighborhood that will be safe and comfortable for your family? If youíre moving to a new part of townóor a new city entirelyótake the crime ratings and types into consideration. While you may want to increase your living space, donít forego safety for the additional living room or basement den. Make sure you will feel comfortable letting your children play out front or leaving your home empty for a long weekend. While every neighborhood has something to be wary of, it is worth doing your diligence and taking into consideration what aspects of an area and community make you feel safe. Is there a neighborhood watch? Are the streets well-lit? Is there a tight community of neighbors that look out for one another?
  • Commute to work. Your daily commute may not seem as relevant when youíre looking at the size or acreage of your new home, but your ability to enjoy your new living space is affected by the amount of time you get to spend in it. Is your commute so long that you have to leave too early to take your kids to school? Will you get home so late that itís already dark and youíre so tired you never watch the sunset from the gazebo you were so excited about when you purchased the home? Will you miss out on neighborhood activities that happen while youíre driving home? Consider what you want to get out of your new home and how your new commute will affect your ability to get it.
  • Can your children continue at the same school? If moving to a new school, is the caliber of education better than where your kids attend now? Children experience more adjustment pains when moving to a new home than adults do. Minimize difficult transitions by finding a house close enough for your children to continue attending the same school. If your child wants to change schools, or if you must transition your child to a new school, is it a positive change or negative one? Does the school have good activities for your childís participation? Will they have a long commute for baseball games or debate club? As they progress through school will the higher-level schools have opportunities for college and career advancement?
  • Neighborhood and community activities. Will your new community provide the recreation you want? If you enjoy urban activities like walking around downtown, catching a show, or going to the city park, moving to a rural community to have a larger home may adversely affect your daily life enjoyment. On the other hand, if you currently live in town or a suburban neighborhood but genuinely love the outdoors, moving out of the city to a more substantial property near hiking trails or a nearby lake might be the right choice for you. Do you long to live in a close-knit neighborhood with lots of homes and neighbors to plan activities with for holidays and community events, or do you prefer a smaller area with larger properties allowing for more privacy? Donít forget to take your preferred lifestyle into account when looking for your new home. 

Think about what you want from your home's location and speak with your local real estate professional to learn which communities might be right for you.




Categories: Uncategorized  


Posted by Gary Vrotsos Team on 1/23/2019

Finding someplace to live can come with a long list of must-haves for each person contributing to the decision. The types of bathroom space can be a deal breaker for otherwise wonderful properties. The number of people utilizing those bathrooms and each personís daily schedule necessitates the requirement of the bathroom space. 

What is out there

Searching and checking off all the must-haves takes time and a lot of communication. Most places have at least one full bath that has a tub and shower or a combination of both. Older homes may not have a dedicated master bathroom, but instead, have what is called an en-suite bathroom. This arrangement means there are at least two entry points one from the master and the other from a hallway. The layout can separate the tub and shower from the rest of the space so more than one person can utilize the facilities at one time. This plan may not be quite as convenient to a household that tends to have similar schedules. Or messy people that leave things lying around in the bathroom, which makes for a combative living arrangement. In those cases, a dedicated master bathroom might be your answer.

Master bath

Having a separate bathroom off a bedroom can feel like an oasis from the pressures of your day. Often, they boast extra amenities like a full-size soaking tub or a walk-in tile shower or both. A master bathroom can give you efficiency during the morning and evening routines since you don't have to share the space with the entire household. Options can include double sinks, a water closet (toilet in a separate room with a door), connecting to a walk-in closet and radiant flooring to keep your toes warm on cold mornings. Master bathrooms don't have to be super luxe to feel like a separate private space. They are a good idea if you need to get away without leaving home.

Jack and Jill

Another bathroom layout that not often seen in newer homes is the Jack and Jill bath. This design consists of a full bath between two bedrooms. This layout may have a door separating the shower/tub from the rest of the bathroom, too, allowing more than one person to use the bathroom at the same time similar to the en-suite layout. All the above-mentioned bathroom layouts need consideration when you are looking for a new living space.

Contact your realtor for more information on the options for bathroom layouts in your area.




Tags: bathroom   design   homebuyers  
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