Quincy Ma Realtor Madelene Semeria Earns Loss Mitigation Certification Designation

Madelene Semeria of CENTURY 21 Abigail Adams, Quincy, has successfully completed the Massachusetts Association of Realtors Loss Mitigation Certification Course (LMC) offered by the Plymouth and South Shore Association of Realtors. Madelene Semeria adjusts to increasing foreclosures, short sales and corporate owned properties in Massachusetts.

This comprehensive one-day course was developed to educate Realtors on the intricate issues and problems associated with transactions involving foreclosures, short sales, properties being sold by auction, and bank-owned (REO) real estate. The course is taught by national and local industry experts in loss mitigation and is designed to equip Realtors with the tools and knowledge needed to deal with short sales on both the buying and listing side; the process, ethics, laws, contracts and credit issues involved and how best to work with lenders.

Lastly, the course addresses the human element of these transactions as consumers face losing their homes. “These transactions can be hugely complicated with many players, let alone the emotional component,” said Semeria. “I feel better equipped to advocate and advise my clients with the knowledge gained from this course, I definitely have an advantage”.

Upon completion of the Loss Mitigation Certification Course, participants earn lifetime usage of the LMC designation and continuing education credits necessary for real estate license renewal.

Madelene Semeria is a full service real estate agent working out of Quincy MA. As a Century 21 Abigail Adams agent, Madelene has gained experience working with buyers and sellers in Quincy, Weymouth, Braintree, Milton and the entire South Shore Massachusetts. Through the LMC designation Madelene is equipped with the knowledge to handle foreclosure properties, and short sales in Massachusetts. Madelene has worked in the local real estate market for the past 5 years and also specializes in helping first time home buyers find their dream home as well as marketing and listings homes for sale. For more information check out Madelene Semeria’s website at http://wwwwww.ma-homesforsale.com/ or contact Madelene at (617) 894-1124.

How to spot a good buy when looking for a home

With talks for a declining real estate market many buyer are looking for the perfect house for a good buy

HOW TO SPOT A GOOD BUY...

One of the most attracting features of a home is the price. Finding a home that will retain its value in today’s market is vital. The real problem is figuring out whether that fixer-upper on one street is a better buy than the home in next-to-new condition two blocks away. That’s why knowing what to look for before you buy can save you time, energy and money down the line.

The first step is figuring out what kind of house you need. A good buy is only a good buy if it meets your current and future living requirements. Before shopping for a home, decide how much space you and your family require. How many bedrooms, bathrooms? Is a family room necessary? Do you need a layout that will accommodate a lot of entertaining? Do you prefer a spacious or compact work space in the kitchen? If you have small children, can the house easily be childproofed?

Next, determine how much work is required to make the house you are considering livable. Make an honest assessment of your fix-it abilities. How much work are you willing to do or pay someone else to do? Do you have basic decorating, carpentry and plumbing skills? If you plan to learn as you go, make sure you have accurately determined what you are getting into. Ask an experienced friend, family member or your real estate agent for their opinion, and be sure to consider how much remodeling inconvenience the rest of the family can handle.

Unless you are ready and able to tackle a major remodel, look for a house or condominium that needs only cosmetic improvements. These include painting, wallpapering and replacing items like flooring, window treatments, bathroom and kitchen fixtures, light fixtures, cabinet and interior door hardware and appliances. Remember that even these simple changes can be costly if you have to make many of them.

Beware of improvements that seem easy enough at first glance buy may turn into major headaches and require a lot of money once you’ve moved in. Remodeled kitchens and bathrooms, changes to the floor plan, room additions and redesigned landscaping are examples of seemingly minor changes that can easily eat away the money you thought you saved by selecting a so-called “bargain priced” home. Of course, you may be perfectly willing to spend whatever money is needed to customize the house to match your tastes and needs.

Make sure major systems in the house are in good working condition. The furnace, air-conditioning and plumbing should be up to date, since repairs can be costly. Your agent can arrange to have a professional inspector determine whether the electrical wiring and any room additions are to code. Local utilities often offer free or low-cost inspections to tell you if the house is energy-efficient.
Look for a house with universally popular selling points. If you’re impressed, the next buyer down the line is bound to be, too. For example, a roomy, modern east-to-clean kitchen is the best selling point a home can have. A house with only one bathroom is less desirable than a house with two or more. Many buyers expect at least three bedrooms, with a master bedroom that offers a feeling of privacy. Lots of storage space and closets, especially walk-in closets, will be a real selling point. Family rooms or “great rooms” also are desirable. On closer examination, a house that looks like a bargain may lack some of these key features.

Don’t forget the old adage: location, location, location. Unless you’re looking for a fixer-upper, the house should be in a condition that is comparable to other homes in the neighborhood. Avoid buying the biggest or fanciest home on the block. Consider the amount of traffic or noise. Homes located in a quiet area away from a busy street will command a higher price. Make sure the schools in your district have a reputation for quality education and safety. Nearby supermarkets, gas stations, restaurants and theaters also will make a location more desirable.

Good community facilities also add appeal; pools, athletic fields, community centers, libraries and hospitals all add to a neighborhood’s value and desirability. Transportation needs also should be considered. Is local public transit available? How long are typical commutes to places of current and potential employment? Are there several alternate route? How close is a major airport? All of these can affect a home’s pricing.

Consider the cost of living in a home. It’s important to consider not only purchase price but the monthly cost of living in a home. Estimate your utility and maintenance costs. For example, will the house need to be painted on a regular basis and will you need to spend money maintaining a swimming pool? Ask your agent about the property tax rate and whether increases are anticipated. Will you have to pay special assessments for a homeowner’s association? Consider the point in the life cycle of major household systems, such as the furnace, air conditioning, roof and kitchen appliances.

You can find a bargain! With the number of foreclosure homes and short sales rising, many homes are selling for lower than they have in years. My advice, “DO YOUR RESEARCH.” Your first step should be to seek out a knowledgeable real estate agent with experience in the market areas where you wish to purchase a home. Your agent can help you locate those properties that truly are “bargains” and help find the home that most closely matches your desires and needs.