Maurice F. Reidy & Co. Since 1909, Worcester’s Oldest Continuously Operating Real Estate Brokerage


Believe it or not, your credit score can make a world of difference as you get ready to search for your ideal house. If you have an excellent credit score, you likely will have no trouble obtaining home financing. On the other hand, if you have a bad credit score, you may struggle to get the financing you need to make your homeownership dream come true.

Ultimately, there are many reasons why you should try to boost your credit score before you purchase a home, and these include:

1. You can simplify the homebuying process.

Purchasing a home can be challenging, particularly for property buyers who fail to get pre-approved for financing. Luckily, if you request copies of your credit reports, you can find out your credit score and identify ways to improve it. Perhaps most important, you can explore ways to bolster your credit score before you submit a mortgage application and increase the likelihood that you can receive pre-approval for a mortgage.

It usually is a good idea to review your credit reports before you enter the housing market. You are entitled to a free copy of your credit report annually from each of the three reporting bureaus (Equifax, Experian and TransUnion). If you request a copy of your credit report from the three reporting bureaus, you can learn your credit score and plan accordingly.

2. You may qualify for a low interest rate on a mortgage.

An excellent credit score may help you get a low interest rate on a mortgage. Thus, if you have an excellent credit score, you may wind up reducing your monthly mortgage payments.

Of course, a low interest rate on a mortgage may allow you to invest in your home as well. If you use the money that you save on your mortgage to complete home improvements, you could upgrade your residence and increase its value over time.

3. You can select the right mortgage option based on your individual needs.

With an outstanding credit score, there likely will be no shortage of lenders that are willing to work with you. As such, you can review a broad range of mortgage options and choose one that matches your expectations.

If you need to improve your credit score, there's no need to worry. Typically, paying off outstanding debt will help you boost your credit score prior to buying a house.

Furthermore, if you receive a credit report and identify errors on it, contact the bureau that provided the report. This will enable you to make any corrections right away.

And if you need help as you get ready to pursue your dream house, don't hesitate to reach out to a real estate agent too. A real estate agent can put you in touch with the top lenders in your area and make it easy to obtain home financing. Plus, this housing market professional will enable you to evaluate residences in your preferred cities and towns and find one that you can enjoy for an extended period of time.


Maurice F. Reidy & Co., is Worcester's oldest real estate brokerage founded in 1909 and is in its 110th year of continuous operation.  


 

If you intend to sell your house, you may need to put various personal belongings into a storage unit. By doing so, you can eliminate clutter from your residence, thereby increasing the likelihood of a quick, profitable home sale.

However, packing a storage unit sometimes can be difficult. Lucky for you, we're here to help you make the most of the storage unit space at your disposal.

Let's take a look at three tips to help you optimize the available space in a storage unit.

1. Plan Ahead

Think about the storage unit space that is available and consider the items that you'll be keeping in the unit itself. Then, you can plan accordingly.

When in doubt, it often helps to rent a storage unit that provides more than enough space. And if you're unsure about how much space that you'll need, you can always reach out to a storage unit provider for extra support.

Typically, a storage unit provider can offer expert recommendations about the size of the unit that you'll need based on your belongings. Consider these recommendations closely, and you can select the right-size storage unit to accommodate all of your belongings.

2. Ensure Your Boxes Are Easily Accessible

It may be tempting to stack all of your boxes together in a storage unit. But for those who want to maximize the storage unit space that is available, it usually helps to stack boxes in a way that guarantees they are easily accessible.

Creating aisles of boxes in a storage unit will make it simple for you to access a box without having to move other items out of the way.

Furthermore, place boxes with items that you may need most frequently at the front of a storage unit. This will ensure that you can enjoy fast, seamless access to these boxes.

3. Dismantle Furniture

Couches, chairs and other furniture can take up lots of space in a storage unit. Conversely, if you remove the legs from furniture, you may be able to free up space in your storage unit.

If you decide to remove the legs from furniture, you may want to tape the legs to the furniture itself. Also, don't forget to place related furniture bolts and screws in a plastic bag, attach the bag to the furniture and label the bag.

Renting a storage unit is a major decision, one that should not be taken lightly. Fortunately, if you work with a real estate agent, you can choose the right storage unit provider.

A real estate agent is happy to help you sell your house, as well as put you in touch with the best storage unit providers in your area. That way, you can secure your belongings in a first-rate storage unit until your house sells.

Get the most out of a storage unit – use the aforementioned tips, and you should have no trouble keeping a wide range of items in any storage unit, at any time.

Maurice F. Reidy & Co., is Worcester's oldest real estate brokerage founded in 1909 and is in its 110th year of continuous operation. 



 
 

NEW LEASE, WORCESTER OFFICE SPACE


Joe Reidy, Broker/Owner of Maurice F. Reidy & Co., announces a new lease and welcomes The Victim Rights Law Center of Boston, MA to their new location at 19 Cedar Street in Worcester, MA also known as the Thomas Eaton House.  VRLC will operate their Worcester branch office this location.

Maurice F. Reidy & Co., is Worcester's oldest real estate brokerage founded in 1909 and is in its 110th year of continuous operation.  Joe Reidy represented the landlord and the tenant in the transaction.


As a homebuyer, entering the real estate market with insights into what it takes to find the perfect house is essential.

Becoming an expert homebuyer, however, may seem impossible at times. Lucky for you, we're here to help you gain the knowledge and skills you need to make your homeownership dreams come true.

What does it take to become an expert homebuyer? Here are three tips to help you do just that.

1. Look at Real Estate Market Trends

The housing market ebbs and flows. Therefore, a seller's market today may transform into a buyer's market tomorrow.

Ultimately, the real estate market fluctuates constantly, and you'll want to learn as much as possible about the housing sector to ensure you can map out your homebuying journey accordingly.

In a buyer's market, there are usually more home sellers than buyers. This means homebuyers may be better equipped than ever before to secure a top-notch house at a budget-friendly price.

On the other hand, a seller's market features an abundance of homebuyers and a shortage of sellers. For homebuyers who operate in a seller's market, they may be forced to submit competitive offers on homes quickly, or risk missing out on a dream residence to a rival.

When you study the housing market, don't forget to check out the prices of residences that recently sold. By doing so, you can gain a better understanding of how much you'll likely need to pay to acquire a first-rate house based on the current state of the housing market.

2. Learn How a Mortgage Works

What differentiates a fixed-rate mortgage from an adjustable-rate option? An expert homebuyer will know the ins and outs of assorted mortgage options and select one that corresponds to his or her finances.

To learn about mortgages and how they work, you'll want to meet with credit unions and banks. These lenders can describe the different types of mortgages and the pros and cons associated with them.

Also, an expert homebuyer will get pre-approved for a mortgage. With a mortgage in hand, this homebuyer will be able to stick to a price range as he or she searches for the ideal home.

3. Collaborate with a Real Estate Agent

Let's face it – no homebuyer can afford to make mistakes. Fortunately, you can work with a real estate agent to receive expert guidance as you navigate the homebuying journey.

A real estate agent boasts the skills and know-how needed to streamline the homebuying process. He or she may have many years of housing market experience and is happy to teach you about the opportunities and challenges associated with buying a house.

Furthermore, a real estate agent will help you accelerate the homebuying cycle. He or she can set up home showings, negotiate with home sellers on your behalf and much more. That way, you can focus on what's important – finding a terrific house at an affordable price.

Take advantage of the aforementioned tips, and you can become an expert homebuyer.




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