Judy Korzenowski - CENTURY 21 Commonwealth | Newton, MA Real Estate, Brookline, MA Real Estate


There is a lot that goes into the buying and selling of a home Not only are there many steps to take but it can feel like there is a report for everything. It’s easy to forget what they are or why they are necessary.

Three processes that seem similar to home buyers are the home inspection, comparative market analysis, and the appraisal.

Here’s what each them is and how they are different:

First, let’s look at the home inspection.

The home inspection

What it is:

This is probably the one you are most familiar with and have heard the most about. During a home inspection, an inspector is paid to come and test all of the appliances, outlets, plumbing as well as the heating and cooling system.

What this information is for:  

This information is for you the buyer, It is to help make a well-informed decision as to whether the investment you are making is worth the current state of the home. Whether there be repairs that will have to be made or replacements that will need to happen down the line.

The custom market analysis or CMA

What it is:

A sales report your real estate compiles using data they have exclusive access to. This data is compiled into a database used solely by other real estate agents.

What this information is for:

A CMA is used by you and your agent to determine if an asking/selling price is fair. You’ll be able to compare the pricing to other listings and conclude whether it is higher, lower or on par with other offers. This is incredibly useful no matter which end of the spectrum you plan on selling or buying.

An appraisal

What it is: A licensed appraiser comes to visit the home and inspect it solely for value. This is determined by the location, state of and surroundings of the home. Your potential home will be compared to other similar properties in the area to come to a conclusive value.

What this information is for:

The final approval of your mortgage terms by your lender. If the determined value is much lower than your offering price you can be declined a mortgage.

As you can see, each of these processes has varying impact on the final purchase of your home. The information obtained from a home inspection is up to solely your discretion. That gathered from the CMA helps you to determine where the asking price of a home is sitting in comparison to others on the market. And in turn, whether you’ve got a really great deal on your hands or an inflated price. And lastly, perhaps the most important is the appraisal. The information gathered from this process is what your lender uses to determined whether or not to lend you the requested amount.



17 Paul, Newton, MA 02459

Single-Family

$1,639,000
Price

11
Rooms
6
Beds
4
Baths
A most wonderful & rarely available Mansard Italianate located just steps away from Newton Centre. This 6 bed, 4 bath home was part of Newton's Historic Home Tour in 2016 and has been lovingly renovated into the home it is today. Perched on over 1/3 of an acre of land the house was built in 1861. Original details have been retained throughout, including the sweeping staircase, original LR/Parlor, & wide pine flooring. Thoughtful renovations done in the late 1990's include an open expansive kitchen, updated bathrooms, in ground pool, patio and deck. The addition of the double detached garage in 2013 offers further value w/an additional 450 Sq Ft of space above each bay that could be finished as a studio or gallery. The pool & patio are fenced in for privacy creating the perfect back yard oasis, an ideal venue for both Summer entertaining. Convenient to Bowen Elementary, Crystal Lake, shopping and the Green Line, this home is truly special.
Open House
No scheduled Open Houses

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30 Vineyard Rd, Newton, MA 02459

Single-Family

$1,349,000
Price

10
Rooms
4
Beds
2/1
Full/Half Baths
Very Pretty Center Entrance Colonial in a most sought after neighborhood close to Newton Centre, this warm and inviting home has been cherished by the same family since 1983. The main floor is rich w/original details including beautiful woodwork & trim, moldings, HW floors, and wood burning FP. French doors open into a sunny DR that overlooks a private back yard. There is a corner cupboard ideal for showcasing your favorite china or pottery. The DR leads directly to a modern eat in kitchen w/half bath. An addition in 1989 resulted in a large family rm & 2 new BRs on the 2nd floor. A room perfect for keeping an eye on kids or engaging w/guests, the FR is off the kitchen, has recessed lighting & leads to a small porch & the back yard. The 2nd floor has 4+ good sized BRs & 1 full bath. 1 BR has its own dressing room & each has good closet space. Basement is partially finished w/full bath. Another room in the basement could be used as a 5th BR. Great for a teen or an Au Pair.
Open House
Saturday
June 16 at 1:00 PM to 3:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 30 Vineyard Rd, Newton, MA 02459    Get Directions

Similar Properties




30 Vineyard Rd, Newton, MA 02459

Single-Family

$1,349,000
Price

10
Rooms
4
Beds
2/1
Full/Half Baths
Very Pretty Center Entrance Colonial in a most sought after neighborhood close to Newton Centre, this warm and inviting home has been cherished by the same family since 1983. The main floor is rich w/original details including beautiful woodwork & trim, moldings, HW floors, and wood burning FP. French doors open into a sunny DR that overlooks a private back yard. There is a corner cupboard ideal for showcasing your favorite china or pottery. The DR leads directly to a modern eat in kitchen w/half bath. An addition in 1989 resulted in a large family rm & 2 new BRs on the 2nd floor. A room perfect for keeping an eye on kids or engaging w/guests, the FR is off the kitchen, has recessed lighting & leads to a small porch & the back yard. The 2nd floor has 4+ good sized BRs & 1 full bath. 1 BR has its own dressing room & each has good closet space. Basement is partially finished w/full bath. Another room in the basement could be used as a 5th BR. Great for a teen or an Au Pair.
Open House
Saturday
June 16 at 1:00 PM to 3:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 30 Vineyard Rd, Newton, MA 02459    Get Directions

Similar Properties




30 Vineyard Rd, Newton, MA 02459

Single-Family

$1,349,000
Price

10
Rooms
4
Beds
2/1
Full/Half Baths
Very Pretty Center Entrance Colonial in a most sought after neighborhood close to Newton Centre, this warm and inviting home has been cherished by the same family since 1983. The main floor is rich w/original details including beautiful woodwork & trim, moldings, HW floors, and wood burning FP. French doors open into a sunny DR that overlooks a private back yard. There is a corner cupboard ideal for showcasing your favorite china or pottery. The DR leads directly to a modern eat in kitchen w/half bath. An addition in 1989 resulted in a large family rm & 2 new BRs on the 2nd floor. A room perfect for keeping an eye on kids or engaging w/guests, the FR is off the kitchen, has recessed lighting & leads to a small porch & the back yard. The 2nd floor has 4+ good sized BRs & 1 full bath. 1 BR has its own dressing room & each has good closet space. Basement is partially finished w/full bath. Another room in the basement could be used as a 5th BR. Great for a teen or an Au Pair.
Open House
Saturday
June 16 at 1:00 PM to 3:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 30 Vineyard Rd, Newton, MA 02459    Get Directions

Similar Properties





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