Price Reduced Retail Space

RENTED

Price Reduced Retail Space. Price reduction for first floor retail space in North Andover Massachusetts 01845

NEW PRICE $2500 per month.

Great retail space currently used as a salon but other uses welcome. Located at Stonewall Plaza on RT 114 (Turnpike Street) in North Andover. This space is approximately 1400 square feet with front to back windows. Very bright. Central heat and air. The space was set up with five hairstylist stations, two wash stations, Mani-Pedi area, make-up area, massage room and waiting area. Ample parking. This lease would be a gross lease with a three year minimum. Tenant would pay first and security and their separately metered utilities. MA Commercial space in Middleton.

 

Price Reduced Retail Space

 

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First Time Buyer Tips

First time buyer tips. Doing something for the first time is always a challenge. The same goes for buying your first home (or helping someone you know with their first home purchase). Today, that can be even more challenging, with competition from more buyers for fewer homes. Here’s how to succeed in making homeownership a reality.

Find out your credit score. Go to annualcreditreport.com, the only source for free credit reports authorized by federal law. You can now get one free report weekly from each of the three major credit bureaus. Lenders use this score to determine your viability as a borrower. Here’s more information if you need to improve your credit score.

Calculate your DTI. Your DTI (debt-to-income ratio) is also important when applying for a mortgage. It shows the percent of your income that’s used to pay your bills. Divide your monthly debts by your monthly income. For example, if you make $6,000 per month and have $2,700 in monthly debts, that’s a DTI of 45%.

Familiarize yourself with mortgage terminology. The mortgage lending process uses some special terms that will be unfamiliar to newcomers. Here are the definitions of the key mortgagefirst time buyer tips terms you may come across, provided by the federal government’s Consumer Financial Protection Bureau.

Learn about different loan options. We’re happy to talk to you about the various loan options available. You can get a head start on the conversation by looking at some background information. Here’s more on loan options from the Consumer Financial Protection Bureau.

Don’t forget closing costs. In addition to the cost of the home, there are charges involved with the buying process—items such as an appraisal, home inspection, credit reporting, title work, origination fees, and more. Closing costs are typically about 3% to 6% of the purchase price. You can either plan to pay these costs, or finance them as part of the mortgage.

First time buyer tips

Save what you need for a down payment. While a 20% down payment isn’t required to buy a home, if you put down less, you might have to pay for private mortgage insurance (PMI). Depending on your circumstances, you could qualify for a loan with lower down payment options like: a fixed-rate conventional loan; an FHA loan; a VA loan for active military and veterans; a USDA loan with programs for people who live in rural areas who meet certain income qualifications. A lender can help research these loans, as well as first-time homebuyer programs from Fannie Mae, Freddie Mac, and government resources. These can help with a down payment or give you additional low down payment options.

HOW FIRST-TIME HOMEBUYERS CAN SUCCEED

Tibbetts real estate buyer tips

Experienced representation

Think about how to make a competitive offer. You should absolutely show credit worthiness and your mortgage pre-approval with your offer. Additionally working with an experienced real estate broker or agent is key when forming your offer to purchase. An experienced broker can guide you through the paperwork, current market situation and the nuances of making an offer. When it comes time to bid on a property, you can include or remove items in your offer to purchase that strengthen your position as a buyer.

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Repair your credit

How to repair your credit and improve your FICO® Scores. You can improve your FICO Scores by first fixing errors in your credit history (if errors exist) and then following these guidelines to maintain a consistent and good credit history. Repairing bad credit or building credit for the first time takes patience and discipline. There is no quick way to fix a credit score. In fact, quick-fix efforts are the most likely to backfire, so beware of any advice that claims to improve your credit score fast. An improved credit score is paramount when looking to purchase real estate.

The best advice for rebuilding credit is to manage it responsibly over time. If you haven’t done that, then you’ll need to repair your credit history before you see your credit score improve. The following steps will help you with that.

Steps to improve your FICO Score

 

  1. Check your credit report for errorsCarefully review your credit report from all three credit reporting agencies for any incorrect information. Dispute inaccurate or missing information by contacting the credit reporting agency and your lender. Read more about disputing errors on your credit report.  Remember: checking your own credit report or FICO Score has no impact on your credit score.
  2. Pay bills on time
    Making payments on time to your lenders and creditors is one of the biggest contributing factors to your credit scores—making up 35% of a FICO Score calculation. Past problems like missed or late payments are not easily fixed. repair your creditPay your bills on time: delinquent payments, even if only a few days late, and collections can have a significantly negative impact on your FICO Scores. Use payment reminders through your banks’ online portals if they offer the option. Consider enrolling in automatic payments through your credit card and loan providers to have payments automatically debited from your bank account.
  3. If you have missed payments, get current and stay current: poor credit performance won’t haunt you forever. The longer you pay your bills on time after being late, the more your FICO Scores should increase. The impact of past credit problems on your FICO Scores fades as time passes and as recent good payment patterns show up on your credit report.
  4. Be aware that paying off a collection account will not remove it from your credit report: it will stay on your report for seven years.If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor: this won’t rebuild your credit score immediately, but if you can begin to manage your credit and pay on time, your score should increase over time. Seeking assistance from a credit counseling service will not hurt your FICO Scores.
    tibbetts real estate group

    Repair your credit

    repair credit scores

  5. Reduce the amount of debt you owe
    Your credit utilization, or the balance of your debt to available credit, contributes 30% to a FICO Score’s calculation. It can be easier to clean up than payment history, but it requires financial discipline and understanding the tips below.
  6. Keep balances low on credit cards and other revolving credit: high outstanding debt can negatively affect a credit score.
  7. Pay off debt rather than moving it around: the most effective way to improve your credit scores in this area is by paying down your revolving (credit card) debt. In fact, owing the same amount but having fewer open accounts may lower your scores. Come up with a payment plan that puts most of your payment budget towards the highest interest cards first, while maintaining minimum payments on your other accounts.
  8. Don’t close unused credit cards as a short-term strategy to raise your scores. It will not help to repair your credit.
  9. Don’t open several new credit cards you don’t need to increase your available credit: this approach could backfire and actually lower your credit scores.
    real estate

More tips on how to fix your FICO Score & maintain good credit:

 

If you have been managing credit for a short time, don’t open a lot of new accounts too rapidly: new accounts will lower your average account age, which will have a larger impact on your scores if you don’t have a lot of other credit information. Also, rapid account buildup can look risky if you are a new credit user.

Do your rate shopping for a loan within a focused period of time: FICO Scores distinguish between a search for a single loan and a search for many new credit lines, in part by the length of time over which you make your inquiries.

Re-establish your credit history if you have had problems: opening new accounts responsibly to repair your credit and paying them off on time will raise your credit score in the long term.

Request and check your credit report: this won’t affect your score, as long as you order your credit report directly from the credit reporting agency or through an organization authorized to provide credit reports to consumers. An initial check of your credit score can be done at CreditKarma.

Apply for and open new credit accounts only as needed: don’t open accounts just to have a better credit mix—it probably won’t raise your credit score.

Have credit cards but manage them responsibly: in general, having credit cards and installment loans (and making your payments on time) will rebuild your credit scores. Someone with no credit cards, for example, tends to be higher risk than someone who has managed credit cards responsibly.

Note that closing an account doesn’t make it go away: a closed account will still show up on your credit report and may be considered when calculating your credit score.

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505 Sutton North Andover MA

The apartment project at 505 Sutton North Andover MA is nearing completion and apartments are available for lease. 505 is one of the newest destinations in North Andover. 505 Sutton is a pet friendly community offering studios, one bedroom, one bedroom plus den and two bedroom open-concept design. Apartments come with washer/dryers, fireplaces and oversized windows. The kitchen and baths are for upscale and modern living. Contact us to schedule a tour.

You can find additional apartments, condos and houses for rent in North Andover here.

505 Sutton North Andover MA

505 Sutton Amenities

The living experience amenities package is one of the best in North Andover. Incoming pack pickup with our 24/7 in-building package acceptance via our package rooms, located in each building. Explore all our amenities below.

Amenities: consist of a fitness center, clubhouse, dog wash station, EV charging, firepits, BBQ grills and 24/7 on site management.

FINE apartments in North Andover, MA

Rental rates are starting at:

Studios : $1,925.00
One beds: $2,225.00
One bed +: $2,475.00
Two beds: $2,900.00

505 sutton

 

 

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103 Farrwood North Andover MA for rent

Spacious top floor condominium at Heritage Green available for rent. 850 square feet of space consisting of two bedrooms and one bath. 103 Farrwood North Andover MA for rent Both bedrooms are a good size with closets. Rent includes heat, gas, water & sewer. Tenants pay for electricity only. Unit is located on quiet top floor (3rd floor) with huge balcony. Only two residents on each level (floor). Ample off street parking. Free access to swimming pool, fitness center, tennis court, basketball court, playground and club room. Common Laundry on 1st floor, large storage unit in the attic. One year lease. First and last month and security deposit.

103 Farrwood North Andover MA for rent (RENTED)

North Andover MA apartments

North Andover for rent

Additional North Andover property for rent

 

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Keep your home pest free

Bugs – ants –  rodents!

What’s bugging you? Ants in the kitchen? Fleas from your pets? A mouse in the garage? The list of household pests includes those critters, plus termites, earwigs, millipedes, silverfish, voles, paper wasps, snakes, cockroaches, and many more. If these pests are causing a big problem, you need to talk to the pest control professional who handles your situation. But there are some things you can do to keep your home pest free so that you may never need to call in the professionals. Here are four effective pest management techniques. keep home pest free

Maintain your yard. The problem is pests inside the home, but the solution often begins outside. Keep up with yard maintenance. Rake leaves in the fall so animals won’t take up residence in them. Weed flower beds and gardens to discourage pests. Place bird feeders away from the house. Spilled bird seed attracts small animals who may decide to head inside your home for warmth and safety. Find homes for sale in Essex County.

Keep your home pest free

Seal up any spaces that give access to your home. While you’re outside, look around the base of your home’s structure. Look for places where small animals or bugs can crawl in. Insects and critters don’t need much space to make their way in, so look carefully. Shine a flashlight from the outside, with another family member or friend on the inside to identify openings. You may not close off all routes, but if you make it difficult enough, pests may simply move on.

Keep it clean

Keep your home clean. A clean home discourages insects and critters from taking up residence. If your home has an attic, basement, or garage, keep those spaces clean too. To keep out tiny pests such as ants, clean your kitchen on a regular basis. The idea is simple. Remove their food sources, and the pests won’t come in.

Pest Control

Use repellents. Chemical bug killers and repellents are effective, but you might want to opt for natural products, especially if you have pets at home and in your yard. You can keep ants and fleas under control with borax powder and diatomaceous earth. Other natural pest repellents are cinnamon, basil, and catnip. There’s plenty of information on non-toxic pest control solutions online. You could start here for insect control and here for natural approaches to insect and rodent control.

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National market update March 2023

National market update March 2023. The Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed home prices fell 0.8% from November to December but they were 5.8% higher when compared to December 2021.

Pending Home Sales Rose for Second Straight Month

Pending Home Sales rose 8.1% from December to January, which was much stronger than expectations and follows the 1.1% gain in December.

NATIONAL MARKET UPDATE

National market update March 2023. The Pending Home Sales index of signed contracts on existing homes rose in January for the second straight month, up 8.1%, though still down from a year ago. Gains were nationwide and foretell higher sales in February and March. Search homes here.

In January, spending on residential construction came in at a decent $847.4 billion annual rate, just a tick below December’s figure. This indicates more new homes will become available later this year.

Best of all, ShowingTime’s index of home showings posted its largest monthly increase ever. Their VP of sales and industry noted, “a larger increase than any January before, after last year’s rapid cooldown, is significant.”

National market update March 2023

FEDERAL RESERVE WATCH

Forecasting Federal Reserve policy changes in coming months. Fed watchers still feel we’ll get a series of quarter percent rate hikes at the next three FOMC meetings. Note: In the lower chart a 100% probability of change is a 100% probability the rate will rise. Current rate is 4.50%-4.75%. National market update March 2023

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17 Mass Ave North Andover Sold

,

SOLD

This property located at 17 Mass Ave North Andover  sold for $950,000 and closed on March 2nd 2023. 17 Mass Ave in North Andover MA is considered a Special Purpose Property. Randy Tibbetts of Tibbetts Real Estate Group represented the seller in the transaction. Contact Randy Tibbetts regarding this property.

The listing description for 17 Mass Ave North Andover is below.

Highly visible commercial real estate located adjacent to interstate 495 in North Andover. This commercial property is zoned General Business by the Town of North Andover and as such this property has many potential uses. There is one building on site that is approximately 1845 square feet consisting of office space, restrooms and two vehicle repair bays with 14 foot ceilings. Previously this property has been used as a car dealership and filling station.

 

Special Purpose

Special purpose properties play a large role in our everyday life. A special purpose property typically is appropriate for one use or limited use. It may have a unique physical design, special construction materials, or a layout. It is a building that cannot be converted to another use without a large capital investment although there is a growing trend to transform some special purpose properties into new types of businesses such as turning a gas station into a burger joint or a church into condominiums but generally speaking a special purpose property can only be used for certain things.

Types of special purpose property

Examples of a special purpose commercial property are a church, theater, school, self-storage, car washes, gas station, theme parks, bowling alleys, marinas, campgrounds, theaters, funeral homes, community centers, nursing homes or public utility.

Special Purpose Property Availability

Inventory of special purpose property changes frequently. We represent clients looking to lease and or purchase industrial real estate property. Fill out our inquiry form to the right and we will provide you with the current inventory of industrial space in the area you are looking for.

We also consider the following as a limited or special purpose property: amusement parks, bowling alleys, car wash properties, cemeteries, clubhouses, cold storage facilities (where more than 50% of total square footage is equipped for refrigeration), dormitories, farms (including dairy facilities), funeral homes with crematoriums, gas stations, golf courses, hospitals, surgery centers, urgent care centers, other health or medical facilities, hotels and motels, marinas, mines, museums, nursing homes, including assisted living facilities, oil wells, quarries, including gravel pits, railroads, sanitary landfills, service centers (e.g., oil and lube, brake or transmission centers) with pits and in ground lifts, sports arenas, swimming pools, tennis clubs, theaters and wineries.

Commercial Leases

There are three basic types of industrial space commercial real estate leases. These leases are organized around two rent calculation methods: “net” and gross.” The gross lease typically means a tenant pays one lump sum for rent, from which the landlord pays his expenses. The net lease has a smaller base rent, with other expenses paid for by the tenant. The modified gross lease is a happy marriage between the two. While terms vary widely building by building, this basic overview will help businesses shop for the best deal possible.

 

17 Mass Ave North Andover sold

 

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This weekend Andover MA open houses

Tour and find your new home by attending an Andover MA open house.

 

 

What is an Andover MA open house?

An open house is an event during which potential buyers can tour a home that’s on the market. It’s usually hosted by the seller’s listing agent, or by the seller themselves, in case of a for-sale-by-owner (FSBO) listing. Open houses usually take place on weekends, during a set range of hours — typically midday.

Open house benefits for buyers

No scheduling required: Unlike a private showing, you don’t need to set up a specific appointment to see a home. Simply show up during the open house hours and view the home at your own pace.

Scope out the competition: If you’re interested in a home, attending the open house can help you gauge interest from other buyers. This can be helpful when determining how quickly you need to submit an offer and how much you should offer.

All Andover MA homes for sale.

Understand current home values: Seeing what homes are selling for in your area and what you can buy at a particular price point can be helpful if you’re just starting your search.

Redefine your nonnegotiable home features: Checking out homes in person can help you redefine your list of must-haves: Do you really need that extra bedroom? What does a backyard of this size really look like?

How do open Andover MA open house work?

Not every seller or listing agent will hold one, but here’s the typical process for sellers setting up an open house:

The seller and their agent determine a day and time for the open house.
The agent lists the open house on the local MLS.
The agent advertises the open house on social media, online and with print ads or flyers.
The agent prepares for the open house — purchasing refreshments, printing flyers, setting up signs and adding little touches to make the home feel welcoming to buyers. (Yes, as a shopper, you can eat the cookies.)
The agent hosts the event, greeting buyers and answering questions about the property and community.
Buyers remove their shoes, tour the home, take pictures and video (if allowed) and jot down important notes.
Any buyer who liked the house will contact their own agent. They’ll then set up a private showing to see the home again or they’ll submit an offer right away — the latter is common in fast-moving real estate markets.

All Andover MA condominiums for sale

Who hosts an open house?

The person hosting an open house could be any one of the following:

Listing agent: As the person hired to sell the home, the listing agent should be an expert Andover MA open house agent of the property.
Listing agent’s team member or associate: A busy listing agent may also send another agent in their place — either someone on their team or another agent in their office. They should be experts in the local market, but may not be as familiar with the individual home.

Andover MA homes for sale

Find the latest Andover MA open houses in 01810 Single family homes and condominiums for saleAndover homes for sale. For sale on great streets like Balmoral, Overlook, Maple, Francis Drive, Andover Country Club, Spring Valley, Powder Mill Square, Ivana Drive.  Search homes for sale in quaint Andover neighborhoods of Ballardvale, Shawsheen Village, South Andover MA and West Andover MA.

For additional Andover MA real estate for sale or rent click Andover MA luxury homes for sale, Andover MA condominiums for sale, Andover MA Multi-family, Andover MA real estate for rent and Andover MA commercial real estate.

All Andover MA Open House for sale listings come directly from the Massachusetts MLS and list condominiums for sale that are currently active and on the market to view. Contact Randy Tibbetts.

 

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Listing your home for sale MA

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