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Financial Future and Family: A Veteran's Success Hits Extra Close to Home

Eric Lindsey • March 21, 2024

A Family Affiar

Lindsey & Associates is pleased to announce the successful transition of a U.S. Coast Guard Veteran and Watertown Firefighter from renter to homeowner in our competitive market. Initially hesitant about the feasibility of purchasing a home, Angel was guided by Laura Guzman, one of our esteemed agents—also his mother and a vital member of our team—towards exploring homeownership options through a Veteran loan. This strategic move capitalized on the benefits of the Veteran loan program, which requires no down payment and is exempt from private mortgage insurance (PMI).


Sometimes the layers of information available make it difficult to even know that certain tools exist, or the impact those tools may have on each individual’s lives. As Laura consulted her son about finding a rental in Boston, same as in a consultation with a client she’d just met, they connected that his ability to qualify for a Veteran loan would provide a financial opportunity to trade a rent payment for a slightly higher monthly home payment. Without tapping into that tool, this opportunity may not have been available to him. Without pointing out the similarities in both mortgage payment & down payment/closing costs, to monthly rent & move-in costs, perhaps he rents for a few years thinking a rental is a logical stepping stone and misses out on a chance to enter the market as we watch prices rise again.


Angel chose a 2 bedroom, 1 bathroom condominium in Dorchester at a reasonable price. A staple of the Dorchester neighborhood, the condo provided a direct alternative to a rental for the cost, as well as many future options. For example, should his life advance and require a larger home or a relocation, the equity he builds with his monthly payment can eventually be applied to a future, larger down payment. If the property appreciates in the future, he could leverage a higher value for a loan to make renovations, purchase another property, etc. He also may decide to keep it as a future investment property, as rents are climbing and its in a great location. 


Armed with his high powered agent, he was prepared for every step of the process far in advance. Of course there’s an extra level of trust when your own mother represents you, and the ease of the entire transaction process proved that every step of the way. Connecting him to Vanessa Kane with Movement Mortgage and Kaveh Khalaj with SKM Title led to the same level of care and a perfectly uneventful journey. 


In the end, we all need places to live. That’s what drives our team’s passion for our profession. When we’re passing along education and advice on how to leverage your home, something so necessary & dear to us, into a strategic wealth building play, we truly believe in treating our clients as family. The same advice we give our children, siblings, parents, and friends, we give to all of the clients we’re blessed to represent. Watching so many clients over the years create generational wealth, often cycle-breaking achievements in their family trees, makes it hard for us to not be loud about what a great real estate agent can do for one’s financial future. For as many stories out there in the media as failure, we have as many tales of success and throwback to the American Dream.


Thanks to:


Laura Guzman - Buyer Agent - laura.guzman@kw.com


Vanessa Kane - Lender - vanessa.kane@movement.com


Kaveh Khalaj - Attorney - kkhalaj@weclosetheloan.com

By Eric Lindsey October 8, 2024
We’re excited to invite you to a special day of community, celebration, and connection at the Edward L. Cooper Harvest Festival! Mark your calendar for Saturday, October 12, 2024, from 12:00 PM to 4:00 PM at 32-34 Linwood Street, Roxbury, MA 02119. What to Expect: The Harvest Festival offers something for everyone. Enjoy delicious food, family-friendly activities, and informative sessions that highlight our community’s commitment to growth and sustainability. Take a garden tour and discover the beauty of our community spaces, including the Teddy Pomare Rose Garden and the Alan Crite Garden. This event celebrates our mission to uplift the community through environmental education and empowerment. We’ll be honoring the legacy of those who paved the way and sowing seeds of hope for the future. Thanks to a generous grant from GrowBoston, we’re ready to make this event unforgettable! Why You Should Attend: At the Edward L. Cooper Community Gardening & Education Center, we aim to be a sanctuary for environmental learning and community development. This festival is an opportunity to connect with others who share a passion for environmental sustainability and community growth. You’ll have the chance to learn more about our programs, tour the gardens, and see firsthand how we’re making a difference in Roxbury. Whether you’re a longtime community member or a newcomer, we welcome you to join us as we celebrate the season and our shared vision for a vibrant, sustainable community. Get Involved: For more information, visit our website at www.edcoopergardening.com or contact us at coopergardening@gmail.com . Follow us on Instagram @edcoopergardening for updates. We hope to see you there to help us harvest hope and nurture our community! 🌱
By Eric Lindsey October 8, 2024
Navigating today’s real estate market can be tricky, especially for first-time buyers. Recently, we worked with our client, Ricky, who not only secured their dream 1st purchase, but also gained over $47,000 in value by closing day, thanks to our strategic approach and experience. Here’s a behind-the-scenes look at how we made it happen.  The Challenge: A Competitive Market and Multiple Offers Our buyer fell in love with a 3-bedroom, 1-bath home in Stoughton, listed at $539,900. Right now, this price range in Stoughton is on fire. As rates have dropped, we have seen the buyer pool grow. With several offers on the table, we knew we had to act fast and strategically. In competitive situations, it’s essential to know when and how to go above asking to make the winning offer, while also retaining as much negotiating power as possible. Some situations have more leverage than others. Navigating Inspection & Negotiations After we secured the home, the inspection revealed several issues that needed to be addressed. This is often a critical moment: in a competitive market, negotiating after the inspection can sometimes mean risking the deal altogether. When other interest is out there, a request to adjust the contract can leave the door open to the sellers moving on. However, with a deep understanding of market context and how repairs impact negotiations, we were confident we could turn this into an advantage. We discussed options with our buyer and decided that a reduction in the sale price, along with a credit back to cover closing costs, would provide the best path forward. By negotiating a $16k+ credit for closing costs, we effectively reduced our buyer’s immediate expenses and made sure they felt confident moving forward with the purchase. Surpassing Expectations with the Appraisal It’s common for buyers to worry they’re overpaying, especially in a market where bidding wars drive up prices. But as we always say, a home is ultimately worth what a buyer is willing to pay for it. And this time, the market was in our favor. Before closing, the appraisal came in, and it was another indicator that our confidence in the overall value of the home was correct. The home was valued $31k+ above the final negotiated sale price, which meant our buyer’s investment was already showing equity returns. Between the credit and the appraisal, they gained overf $47k in value the day they closed. Why Representation Matters More Than Ever Recent rule changes mean that buyer agents are now required to sign exclusive contracts, which raises the stakes for agents to demonstrate their value. Our role isn’t just about finding homes, but also about ensuring our clients make sound investments that will serve them in the long run. In this transaction, we provided almost 5x the value compared to the fee charged, a return that shows the importance of having an experienced and skilled buyer’s agent on your side. In a market where expertise and negotiation skills can make all the difference, it’s essential to have someone in your corner who understands how to maximize value. That’s what we do at Lindsey & Associates, and it’s what we’re proud to deliver to each of our clients. Thinking About Buying? If you’re considering purchasing a home, now is a great time to have a conversation about what you’re looking for and how we can make it happen. Whether you’re a first-time buyer or a seasoned investor, our team is here to ensure you’re not only getting the home you want but also the value you deserve. Rates have changed and you may be surprised what impact that has had. Feel free to reach out to us at 617-288-1042 to discuss your goals. We look forward to helping you make the most of your real estate journey. Thank you for being part of our community, and as always, we’re here to help you every step of the way. Warm regards, Lindsey & Associates Realty
By Eric Lindsey September 12, 2024
Financial markets are closely scrutinizing each economic release for clues about the Federal Reserve's potential rate cut in September. With inflation seemingly on track towards the 2% target, the Fed's attention has shifted primarily to the labor market. This morning's August payroll report came in slightly below expectations, with July's figures also revised downward. However, wage growth and hours worked in August exceeded forecasts. While the labor market is showing signs of cooling, it’s not declining as sharply as some had feared. The key questions now are whether the Fed will cut rates by 25 or 50 basis points in September and what rate they consider to be neutral. Despite recent data not fully supporting it, the bond market still assigns a 37.5%* probability to a 50 basis point cut. *per Bloomberg’s World Interest Rate Probability calculations Get ready and get Preapproved today! Recent rate cuts have attracted buyers back into the market, beat the spring rush! Sources: Freddie Mac Mortgage Market Survey Federal Reserve Meeting Calendar Recent Inflation Data - Bureau of Labor Statistics Need Help? Contact Vanessa Kane for refinancing or buying a new home! ☎️ Vanessa Kane | Senior Loan Officer Movement Mortgage Phone | 339.236.5162 Email | Vanessa.Kane@movement.com Website NMLS 287711 Disclaimer: Consult a tax professional. This is not financial advice.
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