Mike DelRose Team
Displaying blog entries 1-10 of 436
I wanted to take a moment and share with you one of my favorite local eateries as Greater Boston is not short on awesome restaurants. I'm not much of a critic, I'm very easy to please, but this restuarant is up there on my frequent flyer destinations.
Edamame Steak House & Fine Asian Cuisine has a little something for everyone. The venue is conveniently located right outside Newtonville at 171 Watertown Street, Watertown, MA 02472 in the same plaza as Stop & Shop, Watertown Savings Bank, CVS, and Papa Gino's so there is plenty of parking is which always a plus.
I originally tried Edamame for the Hibachi Experience. If you have never been, it is a live-action cooking show that's both entertaining as well as delcious. You eat as the next portion of the meal is being cooked and the Chefs are as much of a performer as they are a cook.
Alternatively, Edamame is great for Sushi. It's fresh, made to order, and just as good. Whether you are looking for a night out with friends or a quick fix, make sure you stop in.
(Above: Hibachi Menu at Edamame. Below: A Sample From The Shushi Menu)
As the market swings from a buyer's market to a seller's, you may find yourself facing competitive bids for the home you want. Do not let this situation throw you off the track. Winning a bidding war may not be as difficult as you think. A little bit of knowledge and preparation on your part can minimize your frustration.
When you meet with your real estate agent, be completely honest about your resources and your willingness to negotiate. As your representative, your agent can advise you about creating an attractive offer. He will also help you find creative ways to sweeten the deal and make winning a bidding war a reality.
According to the National Association of Realtors®, home sales in March rose 3.4 percent to break a nine-month streak of stagnant activity. Although still 7.9 percent below the March 2013 figures, it continued to grow in April. The Midwest and Northeast gained momentum sufficient to outweigh declining activity in the West and South. The U.S. pending home sales increase in March is an indicator of slow, but positive growth in the real estate market.
Economists predict that existing-home sales will continue to increase throughout 2014 to about 4.9 million in 2014, slightly below the 5.1 million recorded in 2013, but expect continued growth to about 5.3 million next year. Continued inventory shortages will drive existing-home prices up an expected six to seven percent in 2014.
The Pending Home Sales Index is based on sales of existing homes for which the contracts have been signed, but the sales have not closed. It is based on a national sample representing about 20 percent of the total number of transactions nationwide. It has proven to be a reasonably accurate indicator of the level of closed existing-home sales over the next two months.
NAR economist Lawrence Yun predicts a gradual increase in home sales as inventory levels give buyers more choices and mortgage interest rates have experienced a slight decline. He further states that this is not a trend, projecting an increase in mortgage interest rates to 5.5 percent in 2015. According to Yun, '€œAnnual home sales, however, due to a sluggish first quarter, will likely be lower than last year.'€? The impact of the current increase on housing sales will largely depend upon whether income grows within the labor market. Possible changes to mortgage underwriting conditions could further impact sales.
Housing inventory increased in April by 16.8 percent. This means that 2.29 million existing homes are available for sale which translates to a 5.9-month supply. Existing home sales account for more than 90 percent of total home sales. The U.S. pending home sales increase in March continuing into April is good news for home sellers as the market gradually turns to their benefit.
The National Association of Realtors® is the largest trade association in the country with over a million members. The newsletter provides current market statistics for the benefit of realtors and their clients.
Going green is a laudable goal in today's world. That being said however, going green can be an expensive proposition that saves money in the long run, but requires a significant investment prior to that payoff. To expedite those long-term energy savings, new homeowners can apply for an Energy-Efficient Mortgages(EEM) to help cover the cost of these green initiatives.
Sometimes referred to as green mortgages, an EEM mortgage allows homeowners to finance energy efficient upgrades by rolling the cost of the upgrades into their new mortgage. Rather than shopping after more than one loan, the new homebuyer can affect their energy upgrades with just one loan package all rolled up into one deal. An EEM package allows lenders to give qualified homebuyers an opportunity to take out a loan larger than the asking price on the property.
Upfront costs on an EEM mortgage are higher than a traditional loan due to the cost associated with making the improvements that will lead to a smaller carbon footprint for the home. While the initial costs are high, the energy savings that the homeowners realize from the energy efficiency steps will pay back dividends in savings that are designed to be cheaper in the long run.
There are three types of EEM loans that are typically extended to homebuyers including conventional EEMs, Federal Housing Administration (FHA) loans, and Veteran's Administration (VA) loans.
Going green is good for the planet and good for the wallet, so prospective homebuyers should look into the advantages that a green mortgage can have on the cost of the monthly utilities.
Buying a home is just the start of the expenses that a homeowner is going to have to fork out upon moving in to their new home. In addition to the cost of the mortgage, moving, insurance, and refurnishing, the new homeowner is also on the hook to pay for the maintenance regimen, which is designed to keep those home price values high. Whether it's putting on a new roof, or the house needs a serious coat of paint, these maintenance costs can become overwhelming unless the homeowner takes steps to minimize maintenance costs. Towards that end, here some outstanding ideas for reducing the costs associated with maintaining your property.
Theses lightly flexible cement mixed shingles are made with an eye towards keeping them from rotting, warping, or cupping after they have been installed, and has an estimated life of 30-years. The pieces are normally factory painted before being nailed to the side of the house one by one, which gives it a natural and authentic look. The tiles will need to be repainted on average every seven to ten years, which compares favorably with having to repaint traditional wood siding every five to seven years.
Utilizing the plastic pipes that are used for plumbing drains, PVC piping made with air added during the molten process results in natural looking trim that displays wood-like density. Contractors are able to cut, shape, form, and install each piece like any board of lumber. Whereas normal pine trim can expect to be around and looking good for ten to fifteen years, the PVC piping will virtually last forever requiring only the occasional touch up of paint.
While once upon a time, granite was the rock star when it came to installing kitchen and bathroom counters, but a new act is threatening to supplant granite's reputation: Quartz countertops. Quartz is available in just about every color imaginable and is readily available at any local stone yard or online. Unlike the costs associated with caring for granite, for instance granite needs to sealed annually, whereas quartz simply requires a standard sponge cleaning without the heroic measures needed to care for granite, marble, or limestone requires to keep countertops looking their very best. Made from natural stone, one can expect that their quartz countertops will outlast every other feature, appliance, or appointment that can be found in a kitchen.
Having nice things is easy when they do not take an army of maintenance personnel keeping them looking their best. Remodel your home with maintenance free items and you will save countless hours and expense.
As the nation attempts to extradite itself from the grips of the Great Recession, existing homes sales indicate that 2013 may have been the strongest year for new housing sales in seven years. According the National Association of Realtors, the sale of previously occupied housing rose by a single percentage point over 2013 as pent up consumer demand pushed sales past 4.87 million units last year.
Home resale rates have taken a hit since spring due to a sharp rise in mortgage interest rates. These ongoing price increases have shut many house hunters out of the market now. Early estimates by economists pointed to previously owned home sales to reach 4.94 million units rather than the 4.87 million units that actually changed hands. Still, even with the last quarter slump, economists were pleased with the performance.
'For the year as a whole, it is a good recovery, but we lost some momentum towards the end of 2013,' admits National Association of Realtor economist, Lawrence Yun.
Lawrence points to two opposing forces that are having their impact on the vitality of today' s housing market, which includes fast rising prices that are coupled to weak income growth as the job market continues to trail behind other strong economic growth indicators.
Coupled to the strong housing market displayed last year, other recent indicators suggest that the sector is headed towards a period of vitality. Chiefly, economists point to a steady rise in household formations that have been lacking in recent years as college graduates delay making that first housing purchase in preference to moving back in with their parent' s house until the economy is more vibrant.
Additionally, as noted above, rising mortgage rates have had a cooling trend on the market causing many to put their house buying aspirations on the shelf for now until the market gets friendlier. While the percentage of housing units on the market continues to shrink, median housing prices are on the march to rise by nearly ten percent as prices stood at $198,000 at the end of last December.
Also promising is the growth in demand for builders to undertake new development projects during the same time period that has surpassed decade long lows. Also, prices have remained inflated owing to a shortage of properties on the market as home sellers have removed their listings I n anticipation of an improving market.
With the passing of winter' s snow and sleet comes the onslaught of spring' s rain and runoff. The brief respite between the two affords the homeowner a unique opportunity to perform needed maintenance to repair the damage caused by the former, and gird against the ravages of the latter. Since Mother Nature can prove to be a strict scheduler however, it is best to prioritize your property maintenance with these ten home maintenance tips for spring.
Begin your inspection with the main structural components of the building. Starting with the roof, scan your property for any signs of damage or defects:
Water breaks rock, paper and scissors, so be sure that you have taken steps against the onslaught of spring' s rain and runoff:
Make sure that your lawn care tools of summer are ready to fire up to begin cutting, edging, and pruning your yard:
These ten home maintenance tips for spring will get your home prepared for summer!