Kandi Pitrus | Medfield MA Real Estate Real Estate, Walpole MA Real Estate Real Estate


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Whatever your priorities are, before you take on the purchase of a home, answer these questions for yourself:

  • Why do you want to purchase a house? Is it for financial reasons? Is it less expensive than paying rent? Until you’re certain about your reasons for buying, take it slow and make a plan. It’s your money, your time and your effort that goes into maintaining a home. Buying for the wrong reasons leads to buyers’ remorse and dissatisfaction.
  • Where do you want to own a home? Is extra land important to you? Or, do you want to be near other family members? Farther away? Can your lifestyle support the commute? Buying a house that requires an extensive commute changes your life in ways you may not foresee. Moving away from friends, entertainment and shopping areas you enjoy can tarnish the pleasure of a new home. Pick your location based on what you want most, even if it means a smaller house or less land.
  • What type of home do you want? Do you prefer a maintenance-free condominium with a view? A single-family home in an HOA-controlled neighborhood? A townhouse with an attached garage and street-level entry? Be clear about what living style suits you. If hearing the neighbor’s alarm clock raises your stress level, a flat-style condominium or attached townhome might not be the best option for you. A duplex with only adjoined garages could fit the bill nicely though. Let your agent know which things are deal-breakers and which are merely preferences.

Once you decide, with absolute certainty, what you want, you can set about finding just the right home in the best location at the correct time and for the optimal price. When it’s right, you’ll know it. Start by finding the right agent. Reach out today for a consultation.


This Single-Family in Medfield, MA recently sold for $1,350,000. This Colonial,Contemporary style home was sold by Kandi Pitrus - Berkshire Hathaway HomeServices Commonwealth Real Estate.


29 Minuteman Rd, Medfield, MA 02052

Single-Family

$1,499,900
Price
$1,350,000
Sale Price

12
Rooms
5
Beds
4/3
Full/Half Baths
Voted top fives homes in Norfolk County on the market. Available for immediate occupancy. Exquisite custom Scott Colwell home in desirable Wood Cliff Estates. Property is in cul de sac on four acres and abuts conservation land. Home features many high end upgrades and custom details. Bright and large gourmet kitchen with granite counter tops, custom cabinets, professional stainless appliances, pantry and morning room. Kitchen opens to family room, private screened-in porch and deck. Master retreat with built-ins, walk-in dressing room and spa-like bath. Spacious bedrooms with ample closets. Office with custom woodwork. Family room with vaulted ceiling, wet bar, stone fireplace and built-ins. Hardwood flooring with mahogany inlay. Triple crown moldings and glass transoms throughout. Front and back staircases. Fabulous media room, workout room and full bath on lower level. Finished 3rd floor bonus room with half bathroom. Desirable mudroom. Decorative stone foundation. Just Beautiful.

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This Single-Family in Medfield, MA recently sold for $590,000. This Colonial style home was sold by Kandi Pitrus - Berkshire Hathaway HomeServices Commonwealth Real Estate.


322 South St, Medfield, MA 02052

Single-Family

$599,900
Price
$590,000
Sale Price

9
Rooms
3
Beds
2
Baths
Move right into this charming New York Colonial home on the south side of Medfield, in close proximity to the commuter rail. The home has hardwood flooring throughout, many new windows on the back of the home, and features a new and cheerful eat-in kitchen - with custom cabinets, granite countertops, and stainless appliances. The room opens to both a family room and to the formal dining room, thus creating a great layout for entertaining. There is also a spacious livingroom featuring a vaulted ceiling, built-ins, wood stove and a "wall of windows" that overlooks the private yard and gardens. Also on the first floor is a desirable screen porch. Upstairs there are three spacious bedrooms, an office or nursery and large hallway bathroom. The basement is finished, offering loads of storage, the laundry room, a full bath, a wood stove and a play or work room. This home is situated on a private and level .7 acre lot with flowering gardens, trees and a fabulous two-story barn. Just beautiful.

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Image by Mimzy from Pixabay

As you start your journey to home ownership, one of the terms you may hear from your mortgage lender is debt to income ratio. Many people have never heard this term before, but it is an important aspect of obtaining a mortgage. Your mortgage lender wants to make sure you are not going to default on your mortgage payments. While your current credit history plays a role in this determination, your debt to income ratio also is considered.

Your debt to income ratio is the percentage of your gross income against the amount you are obligated to pay monthly. This means your credit card bills, car loans, life, health, and other insurance premiums may be considered, along with your anticipated mortgage payment and taxes. Generally, a lender will want your debt to income ratio to be at or lower than 43 percent of your income.

Calculate Your Ratio Early in the Process

Potential homebuyers can easily determine what their debt to income ratio is based on current mortgage interest rates and the amount they are seeking to borrow to purchase a home. To calculate the ratio, you will need the following information:

  • Total annual salary — since a lender will review your taxes for the past three years, the best method is to use your most recent tax return and get your gross annual income before taxes. Once you have this number, divide it by 12 for calculating your gross monthly income.
  • Monthly debt ratio — you will want to determine what debts you are obligated to pay monthly. This should include student loans, car payments, and any other debt which you expect to pay for at least five years including personal loans. Using a mortgage calculator, determine what you anticipate your mortgage payment will be including property taxes and insurance. Make sure you include all costs associated with your mortgage when using a mortgage calculator. The totals you get here will generate the total amount of your monthly debts.
  • Final calculation — the final calculation will be determining your debt to income ratio. This is your total monthly debt divided by your gross monthly income is equal to your debt to income ratio.

High debt to income ratios can impact your ability to secure a mortgage. However, an important thing to remember is that some lenders do have some flexibility when using debt to income ratios. There are lenders who are exempt from the “ability to repay” rules for qualified mortgages. Talk to your mortgage lender about your debt to income ratio if the numbers are problematic. They can provide you with the available mortgage options based on your ratio.



48 Pleasant St, Medfield, MA 02052

Condo

$839,900
Price

9
Rooms
3
Beds
3/1
Full/Half Baths
Come inside and explore this fabulous, like new, Cape located on a professionally landscaped, level lot within walking distance to Medfield's thriving downtown. The hardwood floors, decorative millwork, plantation shutters and custom blinds are showcased throughout. The 1st floor features a gourmet eat-in kitchen with custom cabinetry and island, granite counters, professional stainless appliances, double oven, gas countertop range and dining area. Adjacent is the front-to-back living room with an inviting fireplace and sliding door access to the composite deck, blue stone patio and large fenced-in yard. Also, on the 1st floor there is a private office and a desirable mud room. Upstairs the spacious master suite has a en suite bath with a granite double vanity, a large tiled shower, and walk-in closet. Additionally, there are two more bedrooms, a hall bath with granite and a laundry room with custom cabinetry. The finished basement offers a full bath, a large family room & a bonus room
Open House
Sunday
September 20 at 11:30 AM to 1:00 PM
New listing. This home is absolutely beautiful. Located in a walk one block to in town location. High end construction. Beautiful yard. This is a home you do not want to miss.
Cannot make the Open Houses?
Location: 48 Pleasant St, Medfield, MA 02052    Get Directions

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