Evelyn Doane - William Raveis Real Estate - Cape Cod



Posted by Evelyn Doane on 11/11/2018

Itís always a goal in life to be happier in our jobs and make more money. When it comes to buying a home, your job status can have a big effect on whether or not youíll be able to buy a home or not. You will be able to buy a home using a new source of income. Even refinancing can be a breeze when you have a new job and the right knowledge. 


Many people believe that changing jobs or having gaps in between employment is a certain type of black hole when it comes to getting a mortgage. However, if you approach all of the changes in the correct way, you should be able to land the mortgage deal and secure a home.


Average Income


One of the most important numbers that your lender will calculate when youíre buying a home is that of your average income. This will be based on the pay that you had earned in the past 24 monthsĎ time. If you have had the same job and pay, this wonít be much of a big deal, However, if any of these things have changed (or will soon change) your lender may have some questions. This doesnít mean that your mortgage application will be struck down completely. 


Information Thatís Needed In The Event Of A Job Change


If you have recently changed jobs in the process of trying to refinance or buy a new home, your lender will need a few pieces of information from you. These items include:


  • An offer letter for the job
  • A role or title change letter (if applicable)
  • Compensation package change confirmation
  • Verification of employment
  • Most recent pay stub


Hourly Employees


If youíre an hourly employee, unfortunately, youíre under the tightest type of scrutiny when it comes to applying for a mortgage. Your income will be averaged for as long as you have been an hourly employee. If you work full-time, this wonít be too much of a problem. If your hours fluctuate from week-to-week, this can make things a bit more complicated.


If your hourly rates have recently gone up, youíll need a bit of info from your employer to help you get the income verification that your lender needs. These items include:


  • An offer letter
  • Recent pay stubs
  • The new compensation structure or offer

If you have any sort of extenuating circumstances like a relocation or a new position, this information can help to bridge the gap in any information that just doesnít add up as far as your employment history goes. 


Salaried Employees


If youíre a salaried employee, things are a bit simpler. Your lender will have a much easier time calculating your average income. The only issue that you may encounter is if you have had a gap in employment. For this, your lender will require a written explanation of what occurred during that time period.  

 

Lenders want to protect themselves, but in a way, they also want to protect you from getting in over your head with how much you can afford for a home. With some proof and a little explanation, you should be able to get a house you can afford if you have all of the information that you need to back up your financial history and employment history.




Categories: Buying a Home   mortgage   self employed  


Posted by Evelyn Doane on 11/10/2018


141 Cotchpinicut Road , Chatham, MA 02650

North Chatham

Single-Family

$4,500,000
Price

10
Total Rooms
8
Beds
7/1
Full/Half Baths
If you are looking for spectacular views you will not want to miss this exceptional estate that sits high on a hill overlooking Pleasant Bay on coveted Cotchpinicut Road. With plenty of room for guests, you will be charmed by the ambiance of this circa 1740 home with all of the updates required for today's stylish living. It features eight bedrooms including an opulent master suite and seven baths , wide pine floor boards, original paneling in the older sections, a large chef's kitchen, gas fireplaces in the den and kitchen, three wood burning fireplaces, a finished basement for the kids, separate apartment, office and man cave by the garage. With a heated inground pool, beach, two decks for entertaining, there is plenty of privacy but also great gathering places for all.
Open House
Saturday
November 10 at 11:00 AM to 1:00 PM
Cannot make the Open Houses?
Location: 141 Cotchpinicut Road , Chatham, MA 02650    Get Directions

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Categories: Open House  


Posted by Evelyn Doane on 11/4/2018

Curb appeal is paramount for a home seller. Because if you allocate time and resources to enhance your house's curb appeal, you may be better equipped than ever before to enjoy a successful home selling experience.

There are many reasons for a home seller to improve his or her house's curb appeal, and these are:

1. You can differentiate your house from the competition.

The real estate market is fierce, and as a home seller, it is important to look for any competitive advantage. Fortunately, upgrading your house's curb appeal may help you differentiate your residence from the competition.

Remember, a home with a beautiful front lawn, flawless siding and other dazzling exterior features is more likely than other houses to make a positive first impression on buyers. If you improve your house's curb appeal, you can make your residence an attractive choice to homebuyers. And as a result, homebuyers may be drawn to your residence as soon as it becomes available.

2. You can boost the likelihood of maximizing your home sale earnings.

Optimizing the value of your home sometimes can be difficult, particularly for a seller who is unsure about how to list a residence and promote it to potential buyers. If you enhance your house's curb appeal, however, you may be able to maximize your home sale earnings.

A home with great curb appeal is likely to stand out to potential buyers, and as such, lead to many home showings. Meanwhile, if buyers like what they see, there could be lots of competition to acquire this residence. And if a seller receives multiple offers to purchase his or her home, this individual could reap the benefits of a profitable home selling experience.

3. You can speed up the house selling process.

The home selling process may be long and challenging, especially if a seller enters the real estate market without a strategy in place. Thankfully, a seller who improves his or her house's curb appeal can speed up the home selling cycle.

A house that makes a memorable first impression on buyers may prove to be a popular choice, regardless of the current real estate market's conditions. If a seller enhances a home's curb appeal, this individual can make it simple for buyers to fall in love with his or her house right away.

If you need assistance as you get ready to list your home, you may want to collaborate with a real estate agent as well. This housing market professional can offer tips to help you improve your residence's curb appeal. Plus, as you proceed along the home selling cycle, a real estate agent will help you determine the best course of action.

Prioritize your home's curb appeal Ė you'll be glad you did. If you dedicate time and resources to improve your house's curb appeal today, you could bolster your home's appearance and make your residence a top choice in a competitive real estate market.





Posted by Evelyn Doane on 10/28/2018

Especially if youíre starting in a room from scratch, it can be hard to figure out where you should place everything in a room. Your bedroom can be one of the most challenging rooms of the house to decorate. If you break down the room into small pieces, you can create a bedroom thatís right for you. Bedrooms need to hold more than just a bed. In todayís world, a bedroom can become a very multipurpose room.  


Think Of The Components Of The Room


Bedrooms tend to be more of a multi-functional in a home due to the shifting nature of families. You do everything in there from sleep to watch television to get dressed in the mornings and evenings. This means that youíll need some or all of the following in your bedroom:


  • Storage for clothing
  • A comfy bed
  • A media Center  
  • A chair
  • Home office supplies
  • Bookshelf
  • Television stand

Whatever purpose that your bedroom has to serve is what youíll need in the room. This all depends upon the size of your home. Youíll have to arrange the room accordingly after these parameters are set. Your bedroom should feel personal; a place of self expression and comfort. Your bedroom is the place where you can display little pieces of your life. These should include personal photos, antiques, and all of your favorite things. This helps to make your bedroom your own. It will become a peaceful sanctuary that you love.  

  

Focus On Function


If your bedroom is well-lit and well arranged, the room undoubtedly will be more comfortable. The easier it is for you to find things and use the room the way it needs to be, the more comfortable youíll be. While your bedroom should look nice, itís yours to use. Your bedroom is the room of the house that should provide the most comfort for you. 


Get Creative


When it comes to the way that you arrange your bedroom, you can get as creative as you want. If youíre short on space, donít hesitate to push the bed against a window. If youíre tired of the same old same in the bedroom, shuffle the furniture around. If you ensure that you have adequate lighting and seating in the room, you can do anything with it!


Donít Multipurpose The Room If You Donít Have To


Although itís nice to have access to everything in one room, bedrooms work best when they are singularly purposed. Youíll sleep better and get more rest if you keep things like computers and televisions out of the bedroom. You can easily arrange a bedroom when you keep your own desires at the heart of the design.





Posted by Evelyn Doane on 10/21/2018

A home inspection may make or break the property buying journey. If you attend a home inspection and find no major issues with a residence, you may choose to move forward with your house purchase. However, if a home inspection reveals significant problems, you may decide to rework a home purchase agreement or walk away from this agreement altogether.

If you plan to purchase a home, it generally is a good idea to include a home inspection in your property buying strategy. And if you know how to plan for a house inspection, you can use this evaluation to gain the insights you need to make a data-driven decision about a home purchase.

Now, let's take a look at three tips to help you prepare for a home inspection.

1. Hire an Expert Home Inspector

With an expert home inspector at your side, you can gain comprehensive insights into a house's overall condition. Then, you can obtain an in-depth inspection report to help you weigh the pros and cons of purchasing a residence.

It is important to conduct an extensive search for the best home inspectors in your area. Search for home inspectors who boast many years of industry experience and come highly recommended from past clients. By doing so, you can find a home inspector who will meet your expectations.

2. Craft a Home Inspection Checklist

It often helps to enter a home inspection with a checklist. If you have a checklist in hand, you should have no trouble conducting a full home evaluation.

You should include all areas of a residence's interior and exterior in your home inspection checklist. Furthermore, you should include a home's heating and cooling system, roof and other key parts of a house in your checklist.

3. Consult with a Real Estate Agent

Preparing for a home inspection may prove to be stressful. Thankfully, a real estate agent can help you get ready for a home inspection and ensure you can make the best-possible decision regarding a house purchase.

A real estate agent is a homebuying expert who is happy to help you at all stages of the property buying journey. In the days leading up to a home inspection, a real estate agent can respond to any of your concerns or questions so you can prepare for the evaluation. Next, on the day of the inspection, a real estate agent will attend the evaluation with you. And after the inspection is complete, you and your real estate agent can discuss the assessment results and determine how to proceed.

Ultimately, a real estate agent can help you streamline the home inspection process. He or she may even be able to put you in touch with the top house inspectors in your area, thereby increasing the likelihood that you can identify any major property issues before you finalize a home purchase.

Ready to conduct a home inspection? Use the aforementioned tips, and you can enter a home inspection as an informed property buyer.