Blog :: 2014

Do Not Do IT!

What NOT to Do after you have made an offer and your loan is in Process!

Yauvan Kumar, Senior Loan Officer, at Mortgage Master recently shared some valuable tips for Buyers to make their loan process hassle free. Here are his tips for "what NOT TO DO" while your loan is in process. Any of these activities may delay or change the terms of your financing or even prevent qualification:

  1. Do not apply for new Credit
  2. Do Not change jobs during the process
  3. Do not make large deposits without creating a paper trail
  4. Do not wait too long before you liquidate funds from Stock or retirement accounts
  5. For Sellers... Do not start any home improvement projects that require a building permit before the appraiser has inspected the home.
  6. Do not be afraid to ask questions

For more detailed information and a full explanation of the above contact our office at 781.395.2121 or Or call Yauvan Kumar at 917.318.4096 or

Open House Tips

An open house is a crucial component of the home selling process. In fact, 45% of buyers have said that they purchased a home after going to the open house. When hosting an open house, it's important to avoid errors that can make the presentation of the home less effective. Don't make these common mistakes.

1. Don't stay: According to, it's important, as the home seller, that you don't hang around the open house. This includes children and pets as well, which can cause a disruption. Buyers are less likely to say how they feel if the seller is present, and it may make them uncomfortable. Let your licensed real estate agent handle the open house, they know best.

2. Remove all personal items: Fox News suggests before the open house begins, remove pictures and other personal items so that potential buyers can envision themselves living in your home.

3. Cleanliness: Make sure your home is at its cleanest and neatest during your open house, says Fox Business. Buyers are likely to want to see areas that you may forget to make presentable like cabinets, your "junk drawer" and the closet where you stashed, well, everything.

4. Don't play music: Some home sellers choose to play music in the background to make buyers more comfortable and create a livelier atmosphere, but this can actually work against you, according to USA Today. Music is very subjective and people may not like the music you play. Music could also be distracting.

5. Manage temperature and smells: Take the Goldilocks approach, and try to find a temperature that is just right. Your home should not be too cold or too warm - you want your guests to be comfortable. advises to not overpower your home with air fresheners or cleaning products. It makes sense to stick to smells that are simple and clean.

Open houses are an essential part of the home selling process. Make your potential buyers feel right at home.

Submitting an Offer to Purchase a Home

I want to submit an offer on a home---how long do I give the seller to respond?

When submitting an offer to purchase a home, its customary to give the seller some time to respond.  In a regular transaction, 24 hours should be sufficient.  If submitting an offer on a bank-owned property or on a short-sale property, more time may be needed (usually the listing agent will make a note in the listing stating that extended response time is needed).

The seller may respond any time within that 24-hour period.  They can do one of three things:

  • Accept your offer!
  • Flat-out refuse your offer
  • Counter your offer

If they accept your offer as submitted, please make sure you receive the signed offer back from the seller as soon as possible.

Or if they counter your offer, the time frame of 24 hours is no longer in effectthe seller has refused your initial offer but is countering back to you .could be price or terms or both.  Any other offers coming in may be entertained by the seller during your negotiations with each otheryou could lose the home When you receive the sellers counter, you may accept or counter backat that time putting a time frame again on the offer. And rememberthe seller has every right to accept another offer during these negotiationscant stress that strongly enough!

The bottom line: a home is not considered "pending" or "under agreement" until final agreed upon offer is signed by both the buyer and seller.

by Jeannie McClean


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      WHERE?    You need to decide what city or town you would like to live in.  A good idea is to go online,  collect pertinent data about the areas youre interested inmaybe visit a few open houses.  This will help you decide whether you like the location and also you can check out the different style of homes. You can check out homes by town here.

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