What is your New Year’s resolution? Are you going to commit to working out more often? Spend more quality time with your family? Start saving money for retirement? Read one book per week?
If your 2018 goals include buying your first home, re-sizing, or refinancing, these should be your resolutions:
1. Find out your credit score and history;
2. Establish and maintain good credit practices (ie. pay your bills on time, monitor your credit report for fraud, close unused lines of credit);
3. Save a reasonable down payment for the house that you want to buy;
4. Find the right home buying team for you. Identify a realtor, lender, and attorney that work together often.* If the team know one another and work well together, the process will be so much easier and less stressful for you;
5. Get organized: gather pay stubs, federal and state tax documents, current photo identification, bank statements, as well as any divorce, bankruptcy, and investment property documents, if applicable;
6. Obtain a mortgage pre-approval; and
7. Be smart: do not make any large purchases or big changes to your finances.
What Do Charlie Sheen and Ninja Turtle Kush Have in Common?
What do you think of when you read the following phrases?
Ninja Turtle Kush.
Are you confused or laughing right now? If you are confused, you probably know these terms:
As we approach the one year anniversary of marijuana legalization in Massachusetts, here are a couple of quick updates to laws within the Commonwealth:
Chapter 55 of the Acts of 2017 created the Cannabis Advisory Board and Cannabis Control Commission. The board is making recommendations regarding regulations and taxation of marijuana. Cities and towns may establish zoning by-laws and ordinances which allow commercial growing and cultivation. Cities and town may also impose a local sales tax of up to 3% upon the sale of marijuana and marijuana products (in addition to the 17% percent state sales tax);
Chapter 94I has specified that a person cannot be arrested or prosecuted for being in the presence of medical use and that insurance companies are not obligated to reimburse patients for the use of medical marijuana.
As always, please let us know if you have questions regarding this or anything else.
Doesn’t it seem like everyone moves during the spring and summer? Yes, more homes tend to sell during those seasons; however, there is no wrong time to buy and, in fact, fall and winter are excellent times to consider falling into a new home!
* You can celebrate the winter holidays in your new home;
* There is still more than enough selection of homes available;
* Sellers are more motivated to sell, especially if their house has been on the market for a while (which isn’t usually because there is something “wrong” with the house);
* You can take advantage of homeowner tax breaks for property tax and mortgage interest;
* There won’t be as much competition, so you aren’t as likely to get into a bidding war or to overpay for your new home;
* Moving companies tend to charge less in fall and winter, because they aren’t as busy;
* Your realtor will likely be less busy and can dedicate even more time to personalized service; and
* You will see your property at its worst, which is a hidden gem of information. It’s easy to make the house look pretty in the spring as flowers bloom, but wouldn’t you rather know that the heating systems, roof, and gutters are performing as they should?
As always, please feel free to reach out to us with any questions or concerns by email at firstname.lastname@example.org or (508)319-1529.
Laws are always evolving and changing. Some changes are fairly significant, like the child support guidelines taking effect next month, but others are slight clarifications of existing laws, like the one that we recently posted on Facebook regarding easements in condominiums; however, some just don’t make sense, like these real estate ones:
Disclaimer: The material contained in this website does not constitute legal advice or a legal opinion as to any particular matter. Nor is it intended to create an attorney-client, business or professional relationship. You should not rely on the information contained in this website without first speaking with an attorney. No claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this website are made. This material may be considered advertising under the rules of the Supreme Judicial Court of Massachusetts.