ALL CAPITAL REALTY, LLC
22 South St, Westborough, MA 01581
508-366-4888 | [email protected]



Posted by All Capital Realty Team on 1/16/2021

This Single-Family in Worcester, MA recently sold for $295,000. This Ranch,Other style home was sold by All Capital Realty Team - ALL CAPITAL REALTY, LLC.


5 TURNER AVENUE, Worcester, MA 01606

Single-Family

$289,900
Price
$295,000
Sale Price

5
Rooms
3
Beds
2
Baths
** ALL OFFERS DUE MONDAY 16TH FROM 5 PM ** CHARMING RANCH-STYLE HOUSE LOCATED ON A QUIET DEAD-END STREET WITH WONDERFUL CITY VIEWS. THIS WONDERFUL HOME OFFERS 2 KITCHENS / DINING AREAS WITH 3 BEDROOMS, 2 FULL BATHS. 1-CAR GARAGE WITH OFF STREET PARKING. SITUATED ON 0.18 ACRES LOT WITH A NICE YARD FOR COOKOUTS AND SUMMER FUN FOR KIDS & PETS WITH VIEWS OF INDIAN LAKE. ESTABLISHED DEAD END NEIGHBORHOOD, CONVENIENTLY LOCATED TO HIGHWAYS & AMENITIES. READY FOR YOU TO MOVE IN. SHOWINGS SUBJECT TO STATE'S COVID-19 RECOMMENDATIONS, CDC AND LOCAL HEALTH MANDATES REGARDING LISTING SHOWINGS BUYERS AND BUYERS' AGENTS WILL BE ASKED TO WEAR MASKS DURING SHOWINGS. SHOWING START AT OPEN HOUSE ON SATURDAY.

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Categories: Sold Homes  


Posted by All Capital Realty Team on 1/16/2021

Image by mohamed Hassan from Pixabay

A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis.

Understanding the Differences 

A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage scenario with a bank, the seller becomes the lender. The buyer and seller agree on a price for the home then negotiate terms and a payment schedule. 

In many cases, these repayment terms follow a schedule of monthly payments much like a mortgage. However, a balloon payment for the remaining balance is often due within three to five years. At that time, you would then obtain a traditional mortgage to fund the remainder that's due. 

Land Contract Risks

While it can seem like a land contract would be an ideal way to secure a home, it does involve risks you need to know about. A land contract can be a way for you to close on a home if you aren't able to qualify for a mortgage that covers the full cost right away. The three to five years that a typical land contract lasts can give you time to improve your credit and increase your financial soundness. 

Before you agree to a land contract, though, be aware that the property is not yours until you make the final (balloon) payment. This means that if you make any improvements to the property during that time, you could potentially be out of your investment. You are also not building up any equity in the home during the time that the land contract is in effect. 

At any point during the land contract, your position as the buyer could be compromised. For example, the seller is the legal owner of the property until the contract has been fully paid. If they experience financial problems and lose the property, you would have no claim to it and would forfeit your payments. 

As the buyer, you are obligated to meet your payment agreement. If you don't do so at any time during a land contract, the deal ends. The property stays with the seller and you are out the money you've invested. 

Advantages of a Mortgage

With a mortgage, you must pay property taxes and honor your obligations to the lender. As long as you do so -- and avoid liens -- you have legal recognition as the property owner. 

A land contract can seem like an attractive alternative if you don't think you qualify for a traditional mortgage. Before agreeing to one, though, be sure you understand the pitfalls that could be involved. 




Tags: Mortgage   loans   Financing  
Categories: Mortgage  


Posted by All Capital Realty Team on 1/12/2021

This Single-Family in Worcester, MA recently sold for $295,000. This Colonial,Contemporary style home was sold by All Capital Realty Team - ALL CAPITAL REALTY, LLC.


83 OLEAN STREET, Worcester, MA 01602

Tatnuck

Single-Family

$295,000
Price
$295,000
Sale Price

7
Rooms
3
Beds
1
Baths
THIS WELL MAINTAINED CONVENTIONAL HOME HAS BEEN FAMILY OWNED FOR APPROXIMATELY 60-PLUS YEARS, AS THE CYCLE OF LIFE PROGRESSES; IT'S TIME FOR A NEW FAMILY TO CREATE AND SHARE WONDERFUL MEMORIES HERE TOGETHER. THIS HOME IS SITUATED IN THE DESIRABLE TATNUCK 01602 AREA, ON 0.23 ACRES LEVEL LOT. THE HOME OFFERS A LARGE KITCHEN SPACE, A FORMAL DINING AREA, A LARGE LIVING ROOM WITH AN OFFICE / DEN ON THE MAIN LEVEL. ON 2ND LEVEL ALL 3-BEDROOMS ON THE SAME FLOOR & A FULL BATH. TILES IN KITCHEN & BATH WITH HARDWOODS THROUGHOUT THE LIVING / DINING ROOM (UNDER THE RUGS). ALL HARDWOODS IN ALL THE BEDROOMS. PLENTY OF STORAGE SPACE IN THE WALK-UP ATTIC. PERFECT FOR A GROWING FAMILY. RECENT GAS BOILER SYSTEM & WATER HEATER. VINYL SIDING & WINDOWS. A 2 CAR DETACHED GARAGE WITH A NICE, BIG & LEVEL FENCED IN BACK FOR SUMMER FUN & COOKOUTS WITH FAMILY, FRIENDS, & PETS! DON'T WAIT, CALL FOR A SHOWING TODAY. SHOWINGS SUBJECT TO THE STATE'S COVID-19 ORDERS.

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Posted by All Capital Realty Team on 1/9/2021

Photo by Skitterphoto from Pexels

House flipping has been made particularly trendy in recent years, in part due to the popularity of shows like Flip or Flop and Property Brothers. If the trend has caught your eye as well, here’s an overview of the steps you’ll need to take to get the job done right.

1. Know Your Market

Start looking for a home in your area that’s ripe for flipping. This is where the phrase location, location, location applies. A run-down or out-of-style home in a nice neighborhood is what you’re after. 

To find this, however, you’ll want to work with a real estate agent who has their finger on the pulse of your community. They’ll be able to help you find a home that fits your desired description.

2. Start Small

For your first house flip, invest in a home that has a solid foundation and roof, needs little to no construction or remodeling and basically only requires some style updates and TLC. Avoid homes that have mechanical or structural problems as these can be costly with littler return. 

Later on, down the line, you may be interested in investing in a more ambitious fixer-upper. For now, stick with something manageable. 

3. Create a Plan Based on Your Budget

Set a budget for the house flip. Naturally, you’ll first need to factor in the actual purchase price, realtor fees, insurance and loan payments. After that, you can decide how much “flipping money” you’ll have to work with. 

This will help you decide what improvement projects will be possible and which you’ll have to pass on. If the home would look much better with an open floor plan in the family room but it also needs a new roof, you might have to forego the floor plan remodel as a new roof is more essential. 

Be sure to get a plan in writing before you begin work. You can always change things later on, but you’ll want a blueprint to start with.

4. Network With Contractors and Start Work

Interview contractors in your area to settle on who will do the brunt of the work in the home. If you plan on flipping many houses in the future, it’s a good idea to build a network of consistent contractors you can rely on. 

5. Stage the Home for Sale

Lastly, before putting your finished home on the market, invest in rental staging furniture and decor. Styling the home before you have it shown will help inspire potential buyers as to what each interior space could look like.

Flipping a home can be a wonderful experience for anyone with an ambitious attitude and enterprising spirit. Use these steps as a template to make your house flip a success.




Categories: Properties  


Posted by All Capital Realty Team on 1/8/2021

This Multi-Family in Worcester, MA recently sold for $360,000. This style home was sold by All Capital Realty Team - ALL CAPITAL REALTY, LLC.


106-108 WINFIELD STREET, Worcester, MA 01602

Multi-Family

$359,900
Price
$360,000
Sale Price

2
Units
1,704
Approx. GLA
Open house cancelled. Property under agreement. THIS WELL MAINTAINED 2 FAMILY INVESTMENT PROPERTY IS LOCATED IN THE DESIRABLE 01602 AREA WITH 4 BEDROOMS & 2-FULL BATHS. WALKING DISTANCE TO SUPERMARKET, NICE RESTAURANTS. NEARBY UNIVERSITIES: WORCESTER STATE, CLARK UNIVERSITY, WPI. FRESH PAINT & FLOORING IN BOTH UNITS. HVAC IN BOTH UNITS FOR OPTIMAL EFFICIENCY. HVAC ON 2ND FL. WAS UPGRADED ABOUT A YEAR AGO. NEW MAIN ELECTRICAL SERVICE & PANELS ALONG WITH MANY MORE UPDATES THROUGHOUT THE BUILDING. A BIG BASEMENT AREA FOR EXTRA STORAGE AND LAUNDRY. WASHERS AND DRYERS ARE INCLUDED. LARGE REAR DECK & FENCED IN BACK YARD FOR FAMILY FUN AND PETS. OFF-STREET PARKING. BOTH UNITS HAVE SPACIOUS SUNROOMS IN THE BACK THAT CAN BE USED AS MULTIPURPOSE ROOM. FIRST FLOOR IS MOVE IN READY. ALL SHOWINGS ARE SUBJECT TO STATE’S COVID-19 ORDERS, RECOMMENDATIONS, GUIDANCE, ALL CDC AND LOCAL HEALTH MANDATES REGARDING LISTING SHOWINGS BUYERS AND BUYERS’ AGENTS WILL BE ASKED TO WEAR MASKS DURING ANY SHOWINGS.

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