February 2018
Courtesy of
Janine Elkhoury
Real Estate Consultant
781-223-8338 (Mobile)
781-938-7677 (Office)


What does the 3-day home loan rule mean?
Everyone getting a home loan now gets three days to review mortgage closing documents before they have to sign on the dotted line. This new rule, dubbed “Know Before You Owe,” is part of what the mortgage industry calls TRID – or the new TILA RESPA Integrated Disclosures.

It means that if you are buying or refinancing a home, you’ll receive your new, easier-to-use closing document – called the Closing Disclosure – three business days before closing. It’s designed to give you more time to understand mortgage terms and costs so that you “know before you owe.”

According to the U.S. Consumer Financial Protection Bureau, by requiring your lender to provide Closing Disclosure before you sign, surprises should be eliminated from the closing table. Also, if you want to talk to your lawyer or someone else for advice, you will have time to ask all the questions you might have about the terms of your mortgage.

The CFPB publishes a comprehensive website about all the new “Know Before You Owe” rules at http://www.consumerfinance.gov/know-before-you-owe/.
What’s the biggest mistake a first-time home seller makes?
If you’ve never sold a home before, it can be a daunting process. On weeknights and weekend, you’ll most likely find yourself anywhere but your own home, allowing potential buyers to see your place in person. That can be quite a time commitment. It takes an average of 40 to 60 days to sell a home, says the National Association of Realtors.  

To make it worth the journey, you need to avoid making the biggest mistake that many first-time home sellers make: Mispricing their homes. If you price too low, you are leaving “money on the table.” If you price too high, you’ll likely miss a faster sale and have to lower your price anyway. 

Get professional help. This is what real estate agents do every day: Help buyers understand what is happening with the market, what homes are selling for, and why they sold. Ultimately, the seller sets the price, but getting expert counsel helps you avoid making mistakes.
For Rent
28 Charles St 1, Woburn, MA 01801
2 Bedrooms  |  2 Bathrooms  |  1,060 Square Feet  |  Listing ID 72279001
For RENT! This Bright apartment, with a large spacious kitchen, living room and dining room, a master bedroom with an oversized walk-in closet and one small bedroom. A private backyard for you to entertain your guests. It also has off street parking for 2 cars, a large basement for storage and washer/dryer hookups. Water included. Tenant to pay heat, hot water, internet, phone and cable.3 minutes walk from bus stop 134. 7 minutes walk to Restaurants. Close to 93 and 128. NO PETS POLICY.

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Winter prep for a summer sale
If you’re thinking about selling your home after school is over and summer begins, you can save time by starting prep during the winter. Here are a few easy ideas that can help make a great first impression:

Focus on the front door: Fresh paint for the front porch and even a new door can brighten your entry. For a finishing touch, add a brand-new welcome mat and change out your door hardware for something shiny and unscratched.

Kitchen and bath refreshes: Change out the drawer knobs and handles, and get organizers for the drawers. New toilet seats are crucial.

New entryway lights: Designers say that proper lighting can help put buyers in a good mood. The entry is where their first impressions begin, so that’s the perfect place to start.
Janine Elkhoury
Real Estate Consultant

RE/MAX Andrew Realty Services
335 Main St, Stoneham, MA 02180
Each office independently owned and operated.
©2018 Imprev, Inc. Pub 2/18