TTC_11_30_16_Vol.13-No.05.p1-16

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Community Connections Conveniently Page www.TheTownCommon.com located directly off Business Spotlight November 30 - December 6, 2016 I-95 at Exit 55! (978) 3 Kent 255-1891 Way, Byfield, MA Conveniently off I-95 at Exit 55 3 Kent Way 978-255-1891 Byfield, MA 01922 www.ParkeRriverDental.net Robin Davies, D.M.D. Parker River Dental Office hours: Listen to Kathryn’s real estate radio program every Friday at 8:05 am Tuesday thru Friday 8A-5P on WNBP 1450 AM / 106.1 FM. Second Saturday of every month 8A-2P arc Maravalli, Publisher/Editor RE/MAX Partners il: editor@thetowncommon.com New patient’s always welcome Kathryn O’Brien, M.Ed. Newbury home office 978-465-1322 direct kathrynobrien@remax.net Call Kathryn NOW! Want to sell before the snow flies? For Sale Once the seller and buyer come to an agreement (always in writing!) the seller usually exhales and says something to the effect of “great, we are all set”. The assumption being that the house is “sold” and everything will come together. Usually that is exactly Proven results: Over 1,300 homes sold on the North Shore. Call Kathryn O’Brien Today: 978-465-1322 Real Estate • For Sale It’s All Good…Usually Sports • Sports • Sports By John McCarthy, Rowley Realty the case, however, not always. While Pets, seller’s don’t need Animals, to hold their breath Plus until closing, regrettably on occasion a deal will fall apart, here are just a few of the reasons. Buyer’s Remorse It happens. Buyers get cold feet. If the buyers get cold feet prior to the home inspection and decide to withdraw, a seller can try to enforce the contract as it is a legal document. However, the aggravation and legal costs wouldn’t make that your best option in my opinion. Putting back on the market and finding another buyer is typically your best choice. From the buyer’s perspective, you benefit from having a REALTOR® explain the process of buying a home. If you don’t know how the process works you run the risk of losing your initial deposit and quite possibly your second deposit as well. Home Inspection During the home inspection period buyers can cancel the contract with the reasoning they didn’t like the results of the home inspection. Once a home inspector points out problems in a home, some buyers tend to panic. Relax as all homes have problems, even new homes. Sometimes buyers will request that sellers replace or fix issues that were unseen during their initial visit. Some of these issues can include a faulty hot water heater, electrical issues, worn roof or leaking Health & Fitness pipes. These conditions and the subsequent costs to fix them once the buyers own the house can make them squeamish. If a seller doesn’t want to hire a professional to do the work prior to closing buyers can ask for a credit from the seller as compensation. If the seller refuses to do either of those options, then the buyers can withdraw from the sale and receive their deposit back. Some buyers will look at the home inspection process as a way to reduce the price on the home by making ridiculous requests on the threat that they will walk away. I had one buyer ask my seller for $15,000 for a new hot water heater and some other “minor items” they weren’t aware of prior the inspection. My seller said no, buyer bought the house anyway. Low Appraisal Ideally your buyer is paying cash for your home. In reality most home buyers will be taking out a mortgage. Once the home inspection is complete and both parties have signed a Purchase and Sale agreement the lender will require the buyer to pay for an appraisal. If the appraisal comes in less than the sale price the buyer can walk away assuming that is a contingency in the offer (in most forms it is). If the buyer still wants to buy the home there are a few options: Put down a larger deposit, request that the bank hire another appraiser, go to another lender or supply the current lender with comparable sales justifying the sales price (you will need the appraiser to agree and change the existing appraisals). You can also ask the seller to reduce the price to the number the appraiser came up with. If no solution is met the buyer can withdraw and as long as the contract allows for it (usually it does) and get their deposits returned from escrow. Mortgage Approval is Denied Its rare but it happens. A buyer may get a preapproval but upon further review the bank may find debt that didn’t show up in the initial search or a buyer may lose his or her job prior to closing. Buyers may even make a large purchase prior to closing. I was in a home inspection recently on a Saturday and asked the buyers what they had planned for the weekend after the inspection. They told me they were going to go buy a car. I told them that they really should put that on hold until after they close on the house as any large purchases can be throw your debt to credit ratios off and raise red flags at the bank or mortgage company. If you are not able to get a loan prior to the loan contingency date in your offer than your will need to write a letter to the seller saying the loan was denied. Once the seller receives that letter they will be obligated to release the deposits in escrow back to the buyer. Contingent on Home Sale The offer a buyer makes can be subject to the sale of their home. If the buyer’s home sale falls apart the home you are selling falls apart as well. Call it the domino effect. If the seller has made their purchase subject to the sale of their home the domino effect is in full force and the worst case scenario has been realized. Imagine moving all your stuff out and having it in a truck with no place to put it other than back at your “old” home. Not good. Once an offer to purchase is signed sellers often ask; “are we all set?”, “what can go wrong now?” or “please tell me we will sell this house on x date!” I typically congratulate them but for the reasons I mentioned above, tell them we aren’t out of the woods just yet. When everyone one signs at the closing we will all be able to exhale. If you have any questions about this article, real estate in general or are looking to buy or sell a home please contact me, John McCarthy at Rowley Realty, 165 Main St., Rowley, MA 01969, Phone: 978 948-2758, Cell 978 835-2573 or via email at john@ rowleyrealestate.com
November 30 - December 6, 2016 www.TheTownCommon.com Page Continued from page 7 Merchants lay on refreshments. Santa gets a makeover. Roasted chestnuts, Music. Refreshments and activities in many stores. Downtown Ipswich.. LIVE HOLIDAY MUSIC “We need a little Christmas” musical performance Saturday, December 3, at 2 p.m. Join us at the Rowley Public Library on Saturday, December 3 at 2 p.m. for some live music as vocalist Will McMillan and pianist Joe Reid return to perform beloved holiday songs. Many of our favorites were written or co-written by Jewish songwriters. We’ll hear hits like “Silver Bells,” “White Christmas,” and “Winter Wonderland” and hear a few stories behind the music. Pianist Joe Reid enjoys a busy music career, performing with a wide range of jazz and classical musicians. Will McMillan has performed as a featured vocalist at venues such as Scullers Jazz Club, Sanders Theatre, and the John F. Kennedy Library and has released four CDs. The Rowley Public Library is located at 141 Main Street and is fully accessible. Come early- seating is limited! For more information, call the library at 978-948-2850. SUNDAY, DECEMBER 4th BIRDING THE MAINE COAST The beautiful coast of southern Maine contains a variety of habitat types including barrier beaches, salt marshes, rocky headlands, and sheltered coves. Join us as we explore these habitats looking for wintering land birds and seabirds. We will visit very productive birding sites including Portland Harbor, Cape Elizabeth, Prouts Neck, Biddeford Pool, Marginal $599,900! R O W L E Y : B e a u t i f u l Colonial on a cul de sac in fantastic neighborhood. Open concept home with lots of hardwood flooring on a terrific lot. Formal living room, dining room and huge family room along with granite and stainless kitchen highlight the first floor. Grand entry invites you inside to all sorts of upgrades. Master bedroom has a loft, terrific for home office or gym. Master bath has separate tile shower with rainwater shower head and Jacuzzi tub. Full finished basement with three rooms to be used however you see fit. Fenced in yard with vinyl fencing and huge dog run. Two car garage with storage, big deck, sprinkler and systems, shed, and an above ground pool on flat lot. There is room for everyone here. Contact John at 978-835-2573 or john@rowleyrealestate. com for more information or a private showing. ROWLEY REALTY Way (Ogunquit), and Cape Neddick. Target species include black guillemot, long-tailed duck, king eider, Barrow’s goldeneye, Iceland and glaucous gulls, snowy owl, and many more. Sun, Dec 04, 2016 8:00 am - 5:00 pm, Meet at Joppa Flats Education Center, One Plum Island Turnpike, Newburyport. Fee: $65. Preregistration required. For more information, call 978-462-9998 for information about additional programs and events, or visit the website at www.massaudubon.org/ joppaflatsprograms. FUNDRAISING/DINNER EVENT The Armenian Apostolic Church at Hye Pointe - Haverhill, MA Sunday, December 4, 2016 at 1-5 PM - Building the Legacy - Please join us for a Fundraising/Dinner Event with his Eminence Archbishop Khajag Barsamian, followed by a site visit (weather permitting) of the construction of the new Armenian Apostolic Church at Hye Point in Bradford, MA. The delicious Mediterranean Buffet will be held at the Phoenician Restaurant/ Michael’s Function Hall 12 Alpha Street, Haverhill. Music provided by Mal Barsamian. Tickets are $40 per person/$15 children under 10 years old, Limited Space – RSVP to Stephanie Naroian (978) 835-1636 All proceeds benefit the Building Fund. Checks payable to Hye Pointe Building Fund, PO Box 8069, Bradford, MA 01835. (Rev. Fr. Vart Gyozalyan pictured above) Any information about the new church can be seen at the church’s website or by calling (978) 372-9227. KIDS’ CONSERVATION CINEMA On certain Sunday afternoons through March, the refuge will be 165 Main St., P.O. Box 101, Rowley, MA 01969 Phone 978-948-2758 • Fax 978-948-2454 www.rowleyrealestate.com screening FREE, child and familyfriendly films that generally feature a wildlife and/or environmental theme. All films will be projected on the big screen in the refuge visitor center’s awesome auditorium. No preregistration; simply show up! All movies begin at 1:30 pm. Here is what we have scheduled for the month of December: Yogi Bear, Sunday, December 4th @ 1:30 pm - Jellystone Park is celebrating its 100th anniversary, however it may be for the last time, because attendance is down and Mayor Brown wants to close the park and sell the land. If the park is closed, Yogi Bear and Boo Boo will lose their home. They join forces with Ranger Smith to save Jellystone from closing forever. Yogi must really prove in this endeavor that he is “smarter than the average bear.” (2010; Rated PG; Run Time: 1 hr, 20 mins.) Continued on page 12 Sold Single Family Homes Address, Town Description DOM List Price Sold For Orig Price 28 Greenwood, Amesbury 7 room, 3 bed, 1f 1h bath Colonial 20 $325,000 $321,000 $325,000 201 Center, Groveland 6 room, 3 bed, 1f 0h bath Antique 17 $339,000 $343,750 $339,000 31 Tenney St, Georgetown 4 room, 1 bed, 2f 0h bath Contemporary 111 $309,900 $305,000 $344,900 37 Johnson, Newburyport 6 room, 3 bed, 1f 0h bath Ranch 31 $349,900 $335,052 $349,900 7 Pine Bluff Ave, Merrimac 7 room, 4 bed, 3f 0h bath Colonial 26 $389,900 $379,000 $389,900 10 Spindletree Rd, Amesbury 8 room, 4 bed, 2f 1h bath Colonial 155 $415,000 $415,000 $425,000 4 Colgan Rd, Merrimac 6 room, 3 bed, 2f 1h bath Colonial 8 $449,900 $449,900 $449,900 223 Main St, West Newbury 8 room, 3 bed, 2f 1h bath Greek Revival 38 $475,000 $467,000 $475,000 2 Pillsbury Ln, Georgetown 7 room, 4 bed, 2f 1h bath Colonial 29 $475,000 $470,000 $499,900 19 Hodgkins Dr, Ipswich 8 room, 4 bed, 2f 0h bath Colonial 24 $499,900 $499,900 $499,900 2 Riverside Dr, Ipswich 6 room, 3 bed, 1f 1h bath Multi-Level 340 $495,000 $495,000 $575,000 63 Moseley Ave, Newburyport 7 room, 3 bed, 2f 1h bath Colonial 109 $664,000 $659,000 $669,000 138 Indian Hill St, West Newbury 9 room, 4 bed, 2f 1h bath Cape 103 $699,900 $675,000 $699,900 45 Batchelder Rd, Boxford 10 room, 4 bed, 2f 1h bath Cape 36 $699,900 $685,000 $699,900 28 Juniper St, Wenham 9 room, 4 bed, 2f 1h bath Colonial 97 $585,000 $570,000 $699,900 24 Eddel Ave, Wenham 8 room, 3 bed, 4f 0h bath Colonial 25 $734,900 $725,000 $734,900 503 North End Blvd, Salisbury 6 room, 3 bed, 2f 1h bath Contemporary 1256 $675,000 $640,000 $775,000 17 Moseley Ave, Newburyport 8 room, 3 bed, 2f 1h bath Colonial 26 $785,000 $765,000 $785,000 94 Country Club Way, Ipswich 10 room, 3 bed, 4f 1h bath Contemporary 121 $779,000 $730,000 $829,000 137 Larch Row, Wenham 7 room, 3 bed, 2f 1h bath Ranch 210 $799,000 $762,000 $850,000 249 B. Middleton Rd, Boxford 13 room, 5 bed, 3f 1h bath Colonial 448 $949,900 $918,000 $985,000 2 Southpoint Ln, Ipswich 11 room, 4 bed, 4f 1h bath Contemporary 25 $1,211,000 $1,100,000 $1,211,000 35 Miles River Rd, Hamilton 11 room, 4 bed, 4f 2h bath Cape 403 $2,585,000 $2,585,000 $2,850,000 Single Family Listings: 23 Avg. Liv.Area SqFt: 2,802.52 Avg. List$: $682,222 Avg. List$/SqFt: $245 Avg. DOM: 159.04 Avg. DTO: 98.22 Avg. Sale$: $664,983 Avg. Sale$/SqFt: $240 2016 MLS Property Information Network, Inc.
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