Mary Foley Real Estate Inc.
Mary Foley Real Estate Inc.


Posted by Mary Foley Real Estate Inc. on 4/7/2020

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In a perfect world, every HOA would find an amazing property management company, and the union of the two organizations would last forever. Unfortunately, this world can be imperfect sometimes, and there are many reasons why the agreements between property management companies and HOAs may need to be dissolved from time to time. If your HOA is switching property management companies, you might be facing a lot of unknowns. If there's a change of property management companies looming in your not-too-distant future, here are some things you should keep in mind:

1. Print All of Your Financial Records

Maybe you've paid ahead a little, perhaps you're behind a smidge, or conceivably, you're all paid up and in good standing with a zero balance. No matter the case, you don't want any confusion to take place regarding your account. Print or save copies of your ledger balance on the last day in which it's accessible to you; it's a good idea to print copies a few days before the expected termination date, too, in case you unexpectedly lose access to your account.

2. Obtain Contact Information of the New Company Immediately

You don't need to wait until someone gives you the new company's contact information. As a homeowner, it's your right to have the contact information of the new property managers. If you've been given the name, you should easily be able to find contact information online. If you've not been given the name of your new property management firm, talk to your board of directors to clear up any confusion and ensure transparency within the community.

3. Continue Making Payments

Just because you haven't received an invoice, it doesn't mean you're not on the hook for your HOA fees. Just as you'd have to pay your car payment or cell phone bill even if you didn't receive a statement, your community expects you to make timely payments whether you're receiving a bill or not. The tricky part when new companies take over management of properties usually boils down to timing: which company is responsible for taking your money and cashing your checks at the time you send it in? If you're unsure, reach out to your board or the most recent property management company for direction. Again, be sure to keep record of all payments you make in case there's a discrepancy when management changes hands.

Don't let the fear of the unknown keep you from protecting your property. There are a lot of moving parts when HOAs switch property management companies, but once you've done your homework and have a better understanding of what the process looks like, you'll be better prepared to put your real estate investment in the best position possible.





Posted by Mary Foley Real Estate Inc. on 4/4/2020


347 Hill Street, Leominster, MA 01453

Single-Family

$360,000
Price

6
Rooms
3
Beds
2
Baths
***NEW PRICE*** SOUGHT AFTER LOCATION!! THREE BEDROOM COLONIAL WITH TWO FULL BATHS BUILT IN 1995. HOME OFFERS THREE BEDROOMS UPSTAIRS WITH WALK-IN CLOSET IN MASTER. FIRST FLOOR HAS A SPACIOUS KITCHEN WITH BREAKFAST BAR, SEPARATE DINING ROOM, LARGE LIVING ROOM WITH FIREPLACE THAT LEADS OUT TO A PRIVATE DECK. FULL BASEMENT COULD EASILY BE FINISHED. HOME IS SITED ON .52 ACRES IS EQUIPPED WITH A SECURITY SYSTEM AND HAS A TWO CAR ATTACHED GARAGE. NEW ROOF IN PROCESS!
Open House
No scheduled Open Houses

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Categories: Price Change  


Posted by Mary Foley Real Estate Inc. on 3/31/2020

A home inspection is a key part of the property buying process. If you fail to allocate the necessary time and resources to conduct an in-depth inspection, you may struggle to identify various home problems before you finalize your property purchase. And if you cannot identify such issues, you risk buying a home that may require costly, time-intensive upgrades in the foreseeable future.

Ultimately, there are many things that you can do to ensure that a home inspection provides you with the insights you need to determine whether to proceed with a home purchase. These include:

1. Hire an Expert Home Inspector

A home likely is one of the biggest purchases you'll make in your lifetime. As such, there is no need to leave anything to chance, especially when it comes to conducting a house inspection. But if you hire an expert home inspector, you can get the support you need to conduct a comprehensive property inspection.

Look for a home inspector who possesses extensive experience. Also, you may want to ask a home inspector for client referrals before you make your final hiring decision. If you get in touch with a home inspector's past clients, you can find out what it's like to work with this professional and proceed accordingly.

2. Attend Your Home Inspection

You are under no obligation to attend your home inspection. But in most instances, it is beneficial to attend an inspection.

A home inspection usually requires just a few hours to complete, but the benefits of attending an inspection may last a lifetime.

For example, during an inspection, a home inspector may be able to provide you with property repair insights that otherwise won't be included in your inspection report. Meanwhile, attending a home inspection allows you to ask questions and gain the insights you need to make an informed decision about a home purchase.

3. Analyze Your Home Inspection Results

Spend some time reviewing a home inspection report you'll be happy you did. If you assess a home inspection report closely, you can use all of the information at your disposal to decide whether to continue with a house purchase.

Furthermore, if you have questions about a home inspection report, don't hesitate to reach out to the inspector who conducted the evaluation. This inspector can respond to any report questions that you may have and provide you with information that could prove to be exceedingly valuable as you make your final decision about a house.

As you get ready to buy a home, it certainly helps to have a best-in-class real estate agent at your side too. This housing market professional can offer recommendations and suggestions about what to do following a home inspection. Plus, he or she can provide plenty of guidance at each stage of the property buying journey.

Take the guesswork out of a home inspection use the aforementioned tips, and you can boost the likelihood of completing a successful property inspection before you finalize a home purchase.




Categories: Uncategorized  


Posted by Mary Foley Real Estate Inc. on 3/24/2020


347 Hill Street, Leominster, MA 01453

Single-Family

$389,900
Price

6
Rooms
3
Beds
1/1
Full/Half Baths
SOUGHT AFTER LOCATION!! THREE BEDROOM COLONIAL SITED ON .52 ACRES BUILT IN 1995. HOME OFFERS THREE BEDROOMS UPSTAIRS WITH WALK-IN CLOSET IN MASTER. FIRST FLOOR HAS A SPACIOUS KITCHEN WITH BREAKFAST BAR, SEPARATE DINING ROOM, LARGE LIVING ROOM WITH FIREPLACE THAT LEADS OUT TO A PRIVATE DECK. FULL BASEMENT COULD EASILY BE FINISHED. HOME IS EQUIPPED WITH A SECURITY SYSTEM AND HAS A TWO CAR ATTACHED GARAGE.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Mary Foley Real Estate Inc. on 3/24/2020


347 Hill Street, Leominster, MA 01453

Single-Family

$375,000
Price

6
Rooms
3
Beds
2
Baths
***NEW PRICE*** SOUGHT AFTER LOCATION!! THREE BEDROOM COLONIAL WITH TWO FULL BATHS BUILT IN 1995. HOME OFFERS THREE BEDROOMS UPSTAIRS WITH WALK-IN CLOSET IN MASTER. FIRST FLOOR HAS A SPACIOUS KITCHEN WITH BREAKFAST BAR, SEPARATE DINING ROOM, LARGE LIVING ROOM WITH FIREPLACE THAT LEADS OUT TO A PRIVATE DECK. FULL BASEMENT COULD EASILY BE FINISHED. HOME IS SITED ON .52 ACRES IS EQUIPPED WITH A SECURITY SYSTEM AND HAS A TWO CAR ATTACHED GARAGE. MAIN ROOF AND PORCH ROOF NEW IN 2012!
Open House
No scheduled Open Houses

Similar Properties





Categories: Price Change