Selling Boston & the Burbs by Jeffrey Chubb

In this episode we discuss what you need to know when it comes to breaking a lease and buying a house. Is it possible? Is there an easy out? Can you buy your way out? These are just some of the things that we will be talking about. About this video: If you are thinking about buying a new home and are currently renting a home, then you should properly prepare. If you do not map out how you will get out of your lease from the beginning of the process, then it could end up costing you thousands of dollars! Thinking about making a move? Contact Jeff at 617-480-2600 or by email at Jeff@Boston2.com. #breakingalease #Buyingahome #RealEstate Connect with me 👇 Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | https://www.Boston2.com | Brokered by eXp Realty

Welcome to the Title Town Duel! In this episode we have East Boston going up against South Boston. About this video: In this video, we will look at 7 categories to determine what is the winning neighborhood. Is it South Boston or East Boston? The 7 categories are: Crime, Commuting Access, Affordability, Education, Culture & Environment, Green Space and Amenities. Thinking about making a move? Contact Jeff at 617-480-2600 or by email at Jeff@Boston2.com. All East Boston Homes for Sale: https://www.boston2.com/idx/results/?searchtype=2&searchid=102 All South Boston Homes for Sale: https://www.boston2.com/idx/results/?searchtype=2&searchid=9 Title Town Duel | South Boston vs. East Boston Video Timestamps A Quick Recap of the game: 0:00 The Grading Categories: :26 Crime Comparison: 1:23 Commuting Access Comparison– 2:28 Education Comparison - 4:28 Affordability Comparison - 5:29 Green Space Comparison - 6:16 Culture Environment Comparison - 10:10 Amenities Comparison - 11:40 Conclusion – 13:42 #Buyingahouse #Buyingahome #firsttimehomebuyer #Moveupbuyer #Homebuying #Homebuyer #Howtobuyahouse #Boston #BostonNeighborhoods #RelocatingtoBoston Connect with me 👇 Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | https://www.Boston2.com | Brokered by eXp Realty

In this episode we discuss when to start the home buying process. The recommended timeframe of when to start the home buying process changes based off of market conditions. About this video: If you are thinking about buying a new home, it's important to give yourself enough time throughout the home buying process. If you don't give yourself enough time, then you will feel rushed, unprepared and it can lead to an awful experience. Thinking about making a move? Contact Jeff at 617-480-2600 or by email at Jeff@Boston2.com. #Whentostarthomebuyingprocess #Buyingahome #RealEstate Connect with me 👇 Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | https://www.Boston2.com | Brokered by eXp Realty

In this episode we discuss the homeowners insurance that you will need when buying a house or a condo. We talk about some must knows when considering insurance as we well as some information that will help you save a lot of $money! At some point your lender will require you to provide proof of insurance... It's always good to be prepared so you don't feel rushed. About this video: If you are in the process of buying a home or looking to know more about the home buying process, then you need to know about insurance. Not only is it wise to protect what is most likely your largest asset... But if you are financing then the bank will require it! 👇 Connect with Garrick Garrick Towle | Deland & Gibson | 617-306-6000 | email: gtowle@delandgibsonins.com Thinking about making a move? Contact Jeff at 617-480-2600 or by email at Jeff@Boston2.com. 👇 Connect with me Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | https://www.Boston2.com | Brokered by eXp Realty

In this episode we discuss the Final Walk Through. We talk about what the final walk through is. Why the final walk through is important and when the final walk through is done. The final walk through is one of the most important steps in the home buying process and must be done correctly. About this video: If you are in the process of buying a home or looking to know more about the home buying process, then you must know about the Final Walk Through and why it is so important. If the final walk through is not done right, then a buyer could lose a lot of money. Thinking about making a move? Contact Jeff at 617-480-2600 or by email at Jeff@Boston2.com. #FinalWalkThrough #Buyingahome #RealEstate Connect with me 👇 Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | https://www.Boston2.com | Brokered by eXp Realty

In this episode we discuss East Boston. We dig in and do a deep dive into the neighborhoods of East Boston while looking at all the other amenities that East Boston has to offer its residents. We also talk about the three different neighborhoods in East Boston. Jeffries Point, Orient Heights and Eagle Hill. About this video: This video does a deep dive on the East Boston Neighborhood. If you are interested in moving to Boston, but are confused about all the different neighborhoods then this is a great place to start. You will be able to find the best neighborhood for you, by learning all the differences between each Boston Neighborhood. Thinking about making a move? Contact Jeff at 617-480-2600 or by email at Jeff@Boston2.com. All East Boston New Construction for sale: https://www.boston2.com/east-boston-ma-new-construction/ East Boston Video Timestamps A Quick Recap of East Boston: 0:00 The Neighborhoods That Make Up East Boston: 1:06 East Boston Transportation Options: 1:14 Parks in East Boston – 1:36 East Boston Restaurants – 3:18 Housing Types in East Boston – 4:05 History of East Boston – 4:25 Jeffries Point Neighborhood – 4:51 Eagle Hill Neighborhood – 5:15 Orient Heights Neighborhood – 5:51 East Boston Schools – 6:32 East Boston Accessibility – 7:06 Common East Boston Misconception – 7:50 New Development in East Boston – 8:16 Conclusion – 9:22 Search All homes For Sale in East Boston: https://www.boston2.com/idx/results/?searchtype=2&searchid=102 #Buyingahouse #Buyingahome #firsttimehomebuyer #Moveupbuyer #Homebuying #Homebuyer #Howtobuyahouse #Boston #BostonNeighborhoods #RelocatingtoBoston Connect with me 👇 Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | https://www.Boston2.com | Brokered by eXp Realty

In this episode, we discuss the options a Divorcing couple has when they own a house. We do a deep dive into the the three options as well as talk about the 7 things a Divorcing Couple Must Know when going through a Divorce. About this video: If you are considering a divorce and needing advice on what your options are with the family house, then we break it all down here to help provide some clarity on some of the most common issues and questions we see. Are you looking for divorce advice on selling a house? Wondering who gets the house in a divorce? Do you have any other additional questions about selling a house during a divorce? We are here for you to discuss your specific situation in more detail. #Divorce #RealEstate Connect with me 👇 Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | https://www.Boston2.com | Brokered by eXp Realty

In this episode, we discuss South Boston. We do a deep dive into the different neighborhoods of Southie and look at their differences. This includes a drive of the different neighborhoods within Southie. About this video: You are interested in moving to Boston, but there are so many neighborhoods… You start the search by learning the differences of the different Boston Neighborhoods and find the Neighborhood that is the best fit for you. In this video we talk about South Boston and what Southie has to offer. Thinking about making a move? Contact Jeff at 617-480-2600 or by email at Jeff@Boston2.com. 📺 Watch if you want to learn about all the different Neighborhoods in Boston: South Boston Video Timestamps A Quick Recap of What Southie is About - :13 History of South Boston - 1:08 Breakdown of the Three Sections of Southie - 2:04 East Side - 3:32 West Side - 3:51 Listing All the Neighborhoods Within the Neighborhoods - 4:37 Andrew Square - 4:48 City Point - 5:40 Telegraph Hill - 6:13 Seaport District - 6:35 Fort Point - 7:11 Future Developments in South Boston - 8:15 Conclusion - 10:09 #Buyingahouse #Buyingahome #firsttimehomebuyer #Moveupbuyer #Homebuying #Homebuyer #Howtobuyahouse #Boston #BostonNeighborhoods #RelocatingtoBoston Search All Homes for Sale in Southie: https://www.boston2.com/south-boston-homes-for-sale/ 📺 Watch If you want to know what a 1st time home buyer should know: 📺 Watch If you want to know how long it takes to buy a house: 📺 If you want to learn more on ways that you can make your offer more competitive, then watch this playlist: 📺 If you want to learn more on Discovering Massachusetts – the different towns and neighborhoods within Massachusetts and things to do, then watch this playlist: Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

In this episode, we discuss all the steps when it comes to buying a home. Wondering how to buy a house? Well, we have counted and there are 18 steps! Some bigger and more important than others, but all important to know when buying a new home. Whether you are a first time home buyer or a seasoned veteran, this video will give you a rundown on how to buy a home step by step. This is most likely your biggest investment… It can be exciting, but also scary… This video is to help alleviate some of that fear! About this video: You have decided that you want to buy a new home so what is next? In this video we discuss how to buy a home and walk you through a step-by-step process on what happens and when. We go through it all from the beginning all the way to the end when you are handed the keys to your dream home! #Buyingahouse #Buyingahome #firsttimehomebuyer #Moveupbuyer #Homebuying #Homebuyer #Howtobuyahouse Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

In this episode, we discuss the first step when it comes to buying a home. Often times people rush into the process which in most cases results in a lot of frustration down the road. Sometimes it makes sense to slow down in order to speed up. And that is what the first step of the process is all about. Building the foundation in understanding the home buying process. About this video: You have decided that you want to buy a new home. That is exciting! It’s most likely a great decision for a multitude of reasons! The question often is “Where do I start?”. And this is where most people go wrong. They start with looking at homes first before they have even learned about the process or done a deep dive into what their needs and wants are. #Buyingahouse #Buyingahome #firsttimehomebuyer #Moveupbuyer Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

What is the difference between Fixed and Adjustable Rate Mortgages? What is a Fixed Rate? What is an Adjustable Rate? What does a 2/28 or 7/1, etc mean? What does an ARM mean? Is there a risk to adjustable rate mortgages? Is there a rate difference between fixed vs. adjustable rates? Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

Seaside by Scituate is a 55 + Active Adult Community located approximately 1 mile from Egypt Beach and 30 Miles from Boston. The neighborhood consists of two different sections, the Estate and Carriage Collection. The Estate Collection consists of 10 Single family homes nestled on large lots with homes that sport 4 bedrooms and 2 to 5 baths from 3,200 to 4,800 sq ft. The Carriage Collection consists of 142 townhomes that are 2 Bedrooms and span 2,100 to 3,000 sq ft. All units cone with a two car garage & have first floor Master Suites. The Community was built by Toll Brothers starting in 2019 and is located on a 70 Acre Development. There is a community Club House with Lounge, Fitness Center, Heated outdoor Pool, Boccie courts, Pickle Ball Court, Formal lawn area with fire Pit And Walking Trails. This community offers Care free living as the association takes care of all exterior Maintenance, Landscaping, Snow Removal and Common area Maintenance. The properties were all built with high end materials on the interior and exterior. Inside you will find custom cabinetry, Quartz and Marble Counters, high end tile hardwood floors and immaculate detailed custom woodwork. On the exterior you will find composite materials helping keep Maintenance costs down throughout the ownership of the homes. Go to https://www.boston2.com/seaside/ for current availability. Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

The Real Estate Market is HOT! Right? Is the market starting to pump its brakes a little bit? Inventory throughout the state of Massachusetts has started to surge... In just a quick 2 weeks the makeup of the market has started to change. Each local market throughout Massachusetts is different. https://www.boston2.com/blog/inventory-is-surging-is-the-market-pumping-its-brakes/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

Many perspective home buyers have said they are waiting on the sidelines for home prices to go down or for the market to calm down... But are home prices going to go down in 2021 or even 2022? Home prices aren't going down as the housing shortage is not ending anytime soon. We also must factor in inflation which is showing now signs of slowing down. https://www.boston2.com/blog/are-housing-prices-going-down-in-2021/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

Don't Get Pre-Approved by These Banks The bank that you get pre-approved with matters. The reputation of the bank is paramount in being able to get your offer accepted in a hot market. Using a bank with a bad reputation in the industry can drastically affect your ability in getting your offer accepted. Once your offer is accepted, actually using a bank with a good reputation and that is known to get a borrower to the closing table will help save you a lot of hassle and aggravation throughout the process. Reach out to Jeff@Boston2.com for the list of companies to stay away with during the pre-approval process. https://www.boston2.com/blog/dont-get-pre-approved-by-these-companies/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

Real estate vs Stock Market investment. Which one performed better from the time period of 2000 to 2019? What are the two returns after 20 years off a $50,000 investment made in 2000? Will Real Estate win or will the stock market win? Will the two even be close? What happens when you factor in rent vs. owning and paying interest on a mortgage? https://www.boston2.com/blog/you-are-an-idiot-if-you-dont-buy-a-house/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

Offering 10% or more above asking price can be a huge competitive advantage when bidding on a house. I know this can seem extreme, but it really depends on the situation and how many offers the seller has received. If there is only one offer on a house, then you most likely do not need to go 10% or more over the asking price. When we see sales prices go 10% or more above asking price is generally when there are 7 to 12 offers on a property. It is a simple supply and demand equation. The supply is one house. The more demand on the house, then the more it will go over asking price. How much over asking will a house go for? It’s a million-dollar question that no agent really knows. All we can do is our best and hope the chips come our way. We can use these ranges to help position our offers better to increase our chances of winning the bid. https://www.boston2.com/blog/how-can-i-make-my-offer-more-competitive-the-buying-power-checklist/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

A Non-Refundable deposit is a way to make an offer more competitive. A non-refundable deposit is when a deposit on a house would be agreed to be released to seller should the buyer not be able to perform by the contract. This can be very attractive to a seller when choosing an offer. As an example, let’s say you agreed to a non-refundable deposit without a mortgage contingency. You do an inspection for informational purposes only and find issues and decide to walk away from the agreement. The initial deposit would automatically revert back to the seller. Or as an example let’s say you were denied the loan after the Purchase & Sale Agreement was signed, then the entire deposit would revert automatically back to a seller. You can see how this can be risky. But a buyer can also negotiate a certain portion or maybe only the first deposit. You can get creative with what you are offering a seller. There is a lot of risk here. So proceed with caution.

A Personal Letter from a Buyer to a Seller can be a big competitive advantage in getting an offer accepted on a house. It is important to know that not all sellers are willing to look at a personal letter. But if they do, it can allow for the seller to personally connect with the buyer. An offer is rigid. It doesn’t allow for a buyer to connect with a seller in any particular way. A letter to the seller allows for a connection. In your letter you want to relay to a seller who you are (say the good things!) and why you love the house. Talk about what you envision for the home (without talking about improvements like a rehab or an addition… Because that is saying you don’t love the home as it is). Maybe you envision having a game of catch in the backyard with your kids! As you are walking through the house, be sure to look at obvious connections. Don’t get creepy looking, but maybe you notice a college degree or a picture with a fish prized fish. This might be an area that you could get a personal connection if you graduated from the same college or love fishing too. Take the time to write a good letter. It can make a huge difference. https://www.boston2.com/blog/how-can-i-make-my-offer-more-competitive-the-buying-power-checklist/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

A High Home Inspection Contingency Threshold is a way to make your offer more competitive and at the same time protect a buyer from major issues. Waiving a home inspection can be very risky. Having a High Home Inspection Threshold allows a buyer (and seller) to have the best of both worlds. Most standard offers in Massachusetts are written so that you can walk away for any issue that you find. Even the small ones. Believe it or not, a cracked light switch plate would be enough to allow a buyer to walk away. Putting a threshold in there says to a seller that you are a serious buyer and not looking to nit pick the sellers on any and all little issues. If you are trying to make your offer more competitive in a competitive market and are not willing to waive the home inspection, then put a high threshold amount on the offer. How it works is if you agree to a threshold of $5,000 then you as a buyer are not able to negotiate with the seller or walk away without putting your deposit in jeopardy for any issues that cumulatively reach $5,000. The threshold can be for any amount. A buyer starts to see some competitive advantage with $2,500 to $5,000 thresholds. We have seen threshold amounts of $10,000 which will make an offer a lot more competitive. Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

What Happens if Appraisal Comes in Low? Is the deal completely dead if the value of an appraisal comes in below the agreed upon price? No, it’s not dead. There are still some options and ways to keep the deal alive. The first option is for the seller to agree to reduce the price of the agreement to the appraised price. This is the simplest avenue, but not all sellers are agreeable. We see sellers become even less agreeable in hot seller markets. The second option is for the buyer to make up the appraisal difference. A buyer could make up the difference by bringing additional funds to closing, but can sometimes also be able to adjust the percentage the buyer is putting down without requiring them to bring additional funds to closing. The third option is a mix between the two where the seller agrees to reduce the sales price and the buyer brings additional funds to closing. As an example, if there was a $20,000 difference between the agreed upon value and the appraisal then the seller would agree to reduce the price by $10,000 while the buyer brought an additional $10,000 to closing. The fourth option is terminating the deal and all parties moving on. If this is the case and the buyer had a mortgage contingency and all dates were met in the mortgage contingency then the buyer would (most likely) get their deposit back. https://www.boston2.com/blog/what-happens-if-appraisal-comes-in-low/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

So what happens when an appraisal comes in higher? Essentially nothing. It's a good thing in essentially the buyer has already created equity in the property, but it doesn't really impact the deal. It doesn't effect the financing because a bank will take the lower of the appraised upon value or the agreed upon price. Questions people sometimes ask and that we answer: With the higher appraisal, do I get extra money or can I finance more? Does the seller find out about the higher appraisal? Can the seller charge me more? https://www.boston2.com/blog/what-happens-if-appraisal-comes-in-high/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

An Appraisal is an independent 3rd party professional that certifies the value of a property. An appraiser does this valuation to ensure that the market value and the agreed upon purchase price match. The lender orders the appraisal; however, they do not do it. It is an independent party that is not tied to the buyer, seller or lender. The bank will pay for the appraisal up front; however, they will collect this fee from the buyer eventually. The point of the appraisal is to make sure that the deal is above board and that the buyer is not over paying for the property. These appraisals can create issues; however, they are in the best interest of not only the bank, but the buyer as well. The appraisal is a way to qualify the real property if you will. The bank secures the mortgage against the asset (the house). The bank needs to know that should a buyer not be able to pay back the loan, that the asset will be able to cover the loss. An appraisal will look at comparable houses within a one-to-two-mile radius. They specifically look for recent sales within the last 6 months. There are exceptions that can be made in more rural areas where there are no recent sales. The appraisal happens once the Purchase & Sale Agreement has been signed. There can be appraisal delays based on how busy the marketplace is. Generally, this should not be an issue that holds up closing, but can hold up the mortgage commitment. https://www.boston2.com/blog/what-is-an-appraisal/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

Haven’t saved for a down payment to buy a house? Or need a little more in order to make your dream of buying a home possible? You may still have options. Don’t be sidelined from the real estate market continuing to stash small amounts away in the form of savings for a down payment. You have options of receiving a Gift or borrowing against your 401k. A buyer can receive a gift from a person that the buyer has a strong relationship with (this is for most programs). Gifts are not acceptable for all programs so this is something that you would want to reach out to a mortgage banker to discuss more with. A gift of cash (actual dollar bills!) can difficult the gift process. This is an example where the funds would need to be seasoned. In most cases a buyer can pull from their 401k. This is something where the buyer will want to check with their provider or HR department to see what the plan offers. A lot of times this is an interest free loan that is in most cases have no tax implications. Saving 20% for a down payment is near impossible for a lot of first-time home buyers… Especially those located in expensive markets! It’s important to know that you always have options! https://www.boston2.com/blog/buying-a-house-with-no-down-payment/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

A Seller's market is where there is more demand for houses then supply. This creates an imbalance where a seller has pricing power. This imbalance is making it where many houses are going far above a seller's initial asking price. If a house is marketed at $500,000 but really sells for $575,000 then the true market value of that house is $575,000. So the biggest mistake a buyer is making is looking at houses that initially seem to be at the top of their price range when in reality they are not really in their price range. The issue with looking at a house that is above your price range is that you become attached to areas or finishes of the more expensive houses. It's natural for a buyer to compare one house to another house. If a buyer is constantly looking at houses that are out of their price range then this will create a level of disappointment for the buyer. In this market, a buyer doesn't necessarily want to look at the brand new listings at the high end of their price range. They should wait until after the weekend to view the property to ensure that it hasn't received multiple offers with the bid price going above the seller's initial marketing price. https://www.boston2.com/blog/biggest-mistake-buyers-make-in-a-hot-market/ Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty