Peter Beauchemin - LAER Realty Partners/Beauchemin & Assoc.



Posted by Peter Beauchemin on 4/23/2017

You may see homes listed as in a search for a home that are denoted as a “Homepath property.” You may wonder what this means and if you’re even eligible to buy the property. It is a specialized program, so you’ll want to be informed on what it means to use it and what the process is. 


Fannie Mae Programs


What was formerly known as a Homepath property is now known as The Home Ready Mortgage by Fannie Mae. With the Homepath program, people are able to find and purchase homes with a bit more ease and less financial risk. If you’re buying your first home, this could be the perfect way to get it. This program offers a list of foreclosed properties with really good deals on them. Repeat buyers can also find some great deals through this program, so it has something for everyone. It has so many benefits for anyone who is looking to buy a home.     



How To Get A Homepath Property


Fanie Mae does require that you place a bid through a realtor. The program is designed for buyers to better understand the risks with buying foreclosed homes, while giving them a better opportunity to purchase a foreclosed home. Since foreclosed homes are sold as-is, there’s a risk that the home actually has some serious damage that needs to be repaired at a high cost. This is where a realtor comes in, as they can help buyers to understand ho much work a property may need and the exact risks involved.  


Low Down Payment


  Even if a home through the Homepath program requires extensive repairs, it’s not an opportunity that you should should shoot down right away. Unlike traditional mortgages where you’ll typically need 20% down to purchase, Fannie Mae only requires that buyers place as little as 3% down. This means that with the low cost of the available homes and the small down payment required, buyers can save thousands of dollars in total. Of course, this savings can help buyers to make the required repairs to the home. 


Eligibility Requirements


There’s not many stringent requirements to be eligible to buy a Homepath property. Most people actually can be found to be eligible for these purchases. The biggest requirement is that before buyers reach the closing table, they’ll need to take an education course. This allows buyers to get assistance with the closing costs.  


Learn More About Homepath


If you’re looking to buy a home at a low cost, you should definitely talk to your realtor about the Homepath program. They can also explain more about specific eligibility requirements. It’s easy to make use of this program, so start saving right now and search for a Homepath property.




Categories: Uncategorized  


Posted by Peter Beauchemin on 4/16/2017

Growing your own vegetables is a wonderful thing. You get to choose which seeds to sow, spend time outside, put in some hard work and then reap the rewards all summer and fall. In spite of this, many new gardeners find themselves planting too much or too little of different vegetables. There's much appeal to going to the store to pick out seeds. It almost seems like magic: these little seed packets will turn into baskets full of food, all for just a few dollars. Follow these tips to learn how to grow what you want the first time around so you won't find yourself begging neighbors to take all those extra zucchinis off your hands. What do you like to eat? Experimenting with new recipes is great. And so is the temptation when you see seed packets for an exotic vegetable you've never tried before. But before you dedicate a whole row of your garden to hybrid turnips, think about whether or not you'll really eat all of that. Instead, plant the veggies you and your family love to eat consistently. Before you start planting, think carefully about the amount of space you have in your garden (I usually draw a diagram and label the rows). This is going to involve some necessary research on your part. If you love summer squash, you may think you need a whole row. Squash plants, however, tend to creep outwards vigorously, producing a ton of fruit and also encroaching on other rows if you're not careful. Similarly, you may find that you simply don't have enough room for some vegetables. We all love the first sweet corn of the season, but most of us don't have enough room in our backyard gardens to feasibly grow corn. Plan for next year Once you've tilled the soil, planted the seeds, and taken care of your plants all spring, you may think the only thing left to do is harvest the vegetables. This is a crucial time, however, to think about next year. What did you have too much of? Too little? Did you find that some vegetables simply wouldn't grow in your garden? (I tried twice, with little luck, to plant pole beans but found that they just didn't like my soil.) Take note of these findings for next year. If one part of your garden receives more sunlight, try rotating crops to see if you get different results. Don't worry if your garden isn't perfect the first time around. In fact, it's best to just let go of that image of the perfect garden. Tending a garden isn't another chore to cause stress in your life, it's a simple and relaxing way to get outside more.  





Posted by Peter Beauchemin on 4/9/2017

For today’s architects and new homebuilders, the amazing advancements in technology and design offer an unprecedented wealth of amenities and efficiency options that can be included in new home construction. Some of the latest innovations are designed to be eco-friendly and save energy and resources, others are added for comfort and convenience, while some are just plain fun. Save time and money with enhancements installed during the building process rather than paying more to have them installed at a later date. The Modern Bathroom An eco-friendly toilet is a stylish compliment to the modern bathroom. Choose from sleekly designed models that feature motion activation seats and lids, deodorizing no-odor charcoal filters, multi-option bidets and heated air dryers. If you want all the “bells and whistles” add a built in foot warmer and moisture-proof speakers to play your favorite melodies or the morning news via a remote wireless mirror docking station. A heated tile bathroom floor offers welcome warmth during cold mid-western winters. Heat elements placed under the tile installation can be controlled by a wireless remote temperature control. Visit your electrical contractors showroom for inspiration and information on additional luxury options including lighted anti-fog mirrors, heated towel racks and digitally controlled aroma therapy essential oil diffusers for shower or tub. How about a flat screen TV for the bathroom that converts to a stylish mirror when not in use? Are you worried about the amount of your family’s water usage? Digital shower controls designed to help conserve water, exhibit a green blinking light when the user exceeds 2 minutes of water consumption and a red light then reminds you that you have used more than your fair share. Safety features include precisely set controls and temperature adjustments to prevent pressure fluctuations of scalding or freezing cold water. Feeling lazy? Draw your bath water with a click of an app on your cell phone or tablet. Electronic water flow meters control temperature and tub water volume. Feel more like a shower? Pamper yourself with multiple pressured massaging shower jets installed to fit your personal height and body frame. After a hard day at the office or a strenuous workout, nothing feels better than relaxing in your own private home sauna or steam room. Let your imagination run wild. If you can dream of a creature comfort that you would like in your personal space, it is likely your architect or building contractor can locate and install appliances, gadgets or gizmos to satisfy your most hedonistic desires. Consider adding a skylight to brighten bathroom space equipped with a solar charged exhaust fan that is automatically activated by humidity or temperature. Home Interior Temperature Controls Traditional thermostats waste energy, cooling and heating your home when no one is home. A wirelessly controlled digital thermostat system controls the home by zones, keeping bedrooms and unused rooms or storage space cooler, while family living space stay toasty warm. The latest technology reminds you to turn down the thermostat before you leave the house. If you forget, no problem, built in automatic features will do it for you based on a preset programmable time schedule. Should you decide to come home early from a business trip or vacation, an app on your cell phone can call ahead and turn on the heat or air conditioning systems. Air Quality Talk to your heating and air conditioning contractor for information about the many different electronic air filtration systems available if your family has problems with dust or seasonal allergies. If dry winter air is a problem, a system wide humidifier will let everyone in the family breathe easier. Laundry Room Amenities The latest technology to change the way we do laundry includes a waterless washing machine that uses recyclable polymer pellets to absorb the soil, grease and grime in the dirtiest of clothing. Because water usage is one of the highest consumptions of energy, eco-conscious homeowners are flocking to include a waterless washing machine in their laundry room installation plans.




Tags: Decor   Remodel  
Categories: Uncategorized  


Posted by Peter Beauchemin on 4/2/2017

Although your condo has served you well for many years, now may be a great time to look to move out of your condo and into a new home.

Ultimately, there are many reasons why you might want to sell your condo, including:

1. Your condo is too small.

Your condo was large and spacious when you initially moved into it a few years ago. However, as you have accumulated items and your family has grown, your condo now lacks the space you need.

If you find that your condo is too small for your family, there's no need to worry. In many instances, a condo offers a great starter home, and it is common for people to look to upgrade from a condo to a house.

Lucky for you, interest in condos is rampant across the United States. This means you should have no trouble stirring up interest in your condo if you ever decide to sell it.

2. You want to capitalize on a seller's market.

The housing market fluctuates constantly. As such, when a seller's market arrives, it may prove to be the best possible time to maximize the value of your condo.

In a seller's market, there is a shortage of quality properties available and an abundance of homebuyers who are searching for their dream residences. Meanwhile, if you own a top-notch condo, you may be able to add it to the real estate market and receive a hefty sum for your property.

To learn more about how a seller's market works, consult with a real estate agent. This real estate professional will be able to educate you about the ins and outs of a seller's market. And if you decide to list your condo, your real estate agent will be able to help you price it competitively from the get-go.

3. You want greater flexibility to complete home improvement projects.

Let's face it – your homeowners association (HOA) does an excellent job to maintain your home's exterior, but it would be great to have the flexibility to complete a home exterior project without the HOA's approval.

Condo living involves trade-offs. Typically, condo owners will pay HOA fees that guarantee walkways are shoveled in winter, lawns are cut in spring and summer and other day-to-day home maintenance tasks are performed regularly. On the other hand, if you want to repaint your home's exterior, you'll likely need the HOA's approval to do so. And if you decide to add a fresh coat of paint to your home's exterior on your own, you will probably receive HOA fines and penalties.

As a homeowner, you'll never have to worry about asking an HOA's permission to update your house's exterior. Instead, you can paint your home any color you'd like, plant a garden in your front yard, install a swimming pool in your backyard and much more any time you choose.

Ready to add your condo to the real estate market? Employ a real estate agent, and you can boost your chances of optimizing the value of your condo.




Tags: Condo   condo fees   condo rules  
Categories: Uncategorized  


Posted by Peter Beauchemin on 3/26/2017

Whether you call it a "rainy day fund" or a "financial cushion", having some money set aside for emergencies or unexpected expenses can help keep life on an even keel.

Although health insurance and a homeowners' policy can provide a measure of protection, insurance deductibles can take a large bite out of your bank account.

In addition to all the predictable expenses that accompany home ownership, mechanical systems like furnaces, hot water heaters, and air conditioning units have a way of breaking down at the most inopportune times. Another crisis that many people aren't prepared for is the potential loss of a job. When families don't have money set aside to weather the storm of an unplanned income loss, then there's no "safety net" to cushion the fall.

Strategies For Saving Money

The good news is that there are plenty of ways to build up financial reserves, but it often requires self discipline, a new set of habits, and the intention to make it happen. One of the first steps to putting some money aside for a rainy day is to open up a separate bank account. If you put extra money in your regular account -- or (even worse) keep it around the house -- chances are it will get spent pretty quickly. However, if it's deposited into a separate account that's designated for emergencies, unexpected household expenses, or even a college fund, then it'll stand a greater chance of being left alone until it's needed. Putting money aside does take some doing, but it can contribute to your family's financial security and ability to do things that are important to you.

If you have a tight budget, you're probably wondering where this extra money is going to come from! Sometimes, the very act of developing a written budget can provide you with clues and ideas for reducing your expenses. You'd also be amazed at how much the savings can add up when you comparison shop, buy in bulk, use coupons, negotiate lower interest charges on your credit cards, quit smoking, car pool to work, cut back on restaurant food, and make up your mind to live just a little more frugally.

Depending on how committed you are to creating a financial cushion, you could also make the fund grow faster by depositing a percentage of Christmas bonuses, tax refunds, manufacturer rebates, salary increases (raises), and other sources of extra income. Additional ways to beef up your financial safety net could include getting a part-time job, doing freelance work, holding a garage sale, or selling unwanted items through ads or flyers. When you pay off credit cards, car loans, or other debts, you could also redirect some or all of those monthly payments into your "future needs fund."

Whatever you decide to call it, it's nice to know that there's some extra money on hand for unexpected expenses, emergencies, potential job losses, college tuition, weddings, family vacations, home renovations, nursing home costs, or even retirement.