Bruce Linnehan | Worcester MA Real Estate Real Estate, Shrewsbury MA Real Estate Real Estate

Ready to submit a home loan application? Ultimately, there are many factors to consider before you finalize your submission, and these include:

1. Your Outstanding Debt

If you have outstanding student loan, car or other debt, you should try to pay it off as quickly as possible. By doing so, you can boost your chances of securing a home loan that matches or exceeds your expectations.

Take a look at your outstanding debt and make a plan to pay down your bills. With a plan in place, you may be able to reduce or eliminate outstanding debt before you complete your home loan application.

2. Your Credit Score

A strong credit score will help a homebuyer get a terrific home loan. Conversely, an inferior credit score is unlikely to do you any favors after you submit a home loan application.

Learn about your credit score before you finalize your home loan application. Then, you can allocate the necessary time and resources to boost your credit score or correct any errors on your credit report.

You are eligible for one free copy of your credit report from each of the three major credit reporting bureaus (Equifax, Experian and TransUnion). Request a copy of your credit report, and you can understand where your credit score currently stands.

Also, if you find any errors on your credit report, contact the credit reporting bureau that provided the report immediately. This will allow you to correct any credit report mistakes and reduce the risk that these errors could impact your ability to secure a home loan.

3. Your Savings

It never hurts to save money, especially if you'd like to purchase a home in the near future. If you start saving today, you may be better equipped than other homebuyers to have the necessary finances in place for a down payment on a house.

In most instances, lenders will require you to have at least a small portion of the purchase price of a home available for a down payment. If you have thousands of dollars available for a down payment, you may be able to boost your chances of getting a "Yes" from a lender after you submit your home loan application.

Getting a home loan may seem like a long, arduous process. Fortunately, many lenders are available to help you secure a great home loan.

Meet with several lenders as you explore all of your home loan options. That way, you can learn about a broad array of home loan options and choose a home loan that matches your finances perfectly.

After you secure a home loan, you'll be able to move one step closer to securing your dream residence. Of course, if you need assistance during the homebuying journey, it never hurts to reach out to a real estate agent as well.

A real estate agent will do everything possible to help you acquire a top-notch residence at an affordable price. Thus, if you employ a real estate agent, you may be able to enjoy a fast, seamless homebuying experience.

Photo by Andrea Piacquadio from Pexels

Investing in real estate can be quite lucrative, but only with one caveat. In order to make your real estate investments successful, you must keep location in mind. Yes, it may sound cliche, but the location is still a critical consideration when purchasing real estate because it has a direct impact on how well the property does as an investment. Here's how to use location to your advantage when buying investments.

Consider Your Target Demographic

First, consider the target tenant for your investment. Then, consider what that person needs in a home. For instance, if you're buying an investment that's going to appeal to millennials, consider what they want. These adults are typically in their careers and have children or are planning to have them soon, so they likely want to live close to employers and schools. Sometimes access to public transportation is important for this demographic too.

Understand That Schools Are Key

Next, consider where the good schools are located in your area. Schools may not appeal to all of your potential tenants, but they are important in the overall value of the home. Being in a top-rated school district or near top-rated schools makes a home more valuable in general. Don't forget to consider plans for future schools or school upgrades, because investments should be long-term in nature.

Check Out Local Amenities

Is the home near shopping and dining options? Will the residents have easy access to a grocery store? Does it have parks or recreational opportunities nearby? Most of the time, tenants or buyers want these important amenities within a five or ten-minute drive of their house. If you can find an investment conveniently located near local amenities, it will be more valuable than one far from them, particularly if you're going to use it as a rental.

Dig into Neighborhood Safety

While your real estate agent is ethically bound not to talk to you about the safety of the neighborhood, you have many tools you can use to investigate the area. If you notice that an area is high in criminal activity, it's probably not the right one for your consideration as an investment. People want to live and work in safe communities, so researching this aspect will help you choose a solid investment.

Check Public Transportation

If your city has a good public transit system, consider investments with easy access to this. Not all cities do, but this can be a major perk if yours is equipped with one. People who can use public transit can leave their cars at home, and this can help them save money. For some, this is a feature that they look for when choosing a home to rent or buy.

Investing in real estate requires the right strategic planning. To make sure you are ready, research location well. Finding a great property in a great location will help you find investment success.

This Condo in Leominster, MA recently sold for $156,000. This Townhouse style home was sold by Bruce Linnehan - Coldwell Banker Residential Brokerage.

50 Sycamore Dr, Leominster, MA 01453


Sale Price

Full/Half Baths
PRICE REDUCED! Move-in ready unit at Wildwood Condominiums offers the best of privacy and convenience. The entire complex recently renovated the siding, roofs, windows and sliders, decks, and balconies. Three levels of living allow a versatile floor plan for any situation. Two bedrooms upstairs and an extra bonus room in the basement with recessed lighting that could be an office, 3rd bedroom, playroom or family room. Separate utility space, storage, laundry and a wet bar also in basement. The heating/hot water system is less than 2 years old. Located just minutes from Rt. 190 and Rt. 2, and plenty of shopping, restaurants and other amenities. Seller will make reasonable repairs if possible. Come and see all this unit has to offer!

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As a home seller, it is crucial to do everything possible to prepare for a house showing. Yet determining the best ways to prep for a showing sometimes can be difficult. Fortunately, we're here to help you get ready for any showing, at any time.

Now, let's take a look at three tips to help you plan for a house showing.

1. Upgrade Your House's Curb Appeal

Although a property buyer likely has seen pictures of your house or walked or driven past your residence, there may be no time like the present to upgrade your home's curb appeal. Because if a buyer sees your home's beautiful front lawn and other stunning exterior features on the day of a showing, he or she may instantly fall in love with your residence.

Completing assorted home exterior improvements is crucial to enhance your residence's curb appeal prior to a showing. In fact, performing home exterior tasks like mowing the lawn and repairing damaged siding will help your residence make a positive first impression on potential buyers. Home exterior improvements ultimately may help you accelerate the property selling journey too.

2. Remove Clutter from Inside Your Home

Clutter is a major problem because it may make your house appear small and messy. If you allocate time and resources to remove clutter prior to a home showing, however, you can highlight the true beauty of your living space to potential buyers.

If you own items you no longer need, you can always sell these items online or at a yard sale. You also can donate unwanted items to charity or give them to family members or friends.

In addition, you can always put various items you want to keep in storage. If you rent a storage unit, you can keep assorted belongings safe until your residence sells.

3. Consult with a Real Estate Agent

With a real estate agent at your side, you can receive comprehensive support leading up to a house showing. A real estate agent will offer recommendations and suggestions to ensure you know what to expect from a showing. Plus, he or she will respond to any of your home showing concerns or questions.

Furthermore, a real estate agent will help you navigate the home selling cycle. He or she first will meet with you, find out why you want to sell your residence and help you craft a property selling strategy. Next, a real estate agent will promote your residence to dozens of prospective buyers. And if you receive an offer to purchase your home, a real estate agent will help you analyze this property buying proposal. A real estate agent will even negotiate with a buyer's agent on your behalf to help you optimize your home sale earnings.

When it comes to hosting a home showing, there is no need to worry. Thanks to the aforementioned tips, you can plan for a home showing. And as a result, you can take the necessary steps to ensure a home showing is an instant success.

42 Maple Ave, Rutland, MA 01543



Beautiful "Conventional" style home on 1.62 acres near the heart of Rutland. Updated kitchen with ceramic tile floors, updated counter tops, dining room and living room with hardwood floors in very good condition. 3 bedrooms and a full bath upstairs with plenty of unique closet space. Brand new rear deck and stairway. Large backyard with garden areas, fruit trees and a walking trail into the woods. 3+ spaces for parking in the driveway and the potential to build a nice garage if you'd like. Enclosed front porch, perfect for watching all the holiday parades and very convenient to downtown and Rutland State Park.
Open House
July 26 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 42 Maple Ave, Rutland, MA 01543    Get Directions

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