John Colby
Colby Realty | 978-249-5871 | [email protected]


Posted by John Colby on 6/10/2020


510 Baldwinville Rd, Templeton, MA 01468

Single-Family

$269,900
Price

6
Rooms
4
Beds
2
Baths
Great Commuter Location just 1 mile t Rt 2 ! This well cared for low maintenace raised ranch has Stainless Kitchen Appliances, New Flooring and has a Freshly Painted Interior ! The backyard is private and level fenced in with a cute storage shed. The 2 bay garage is extra deep leaving room for storage and work area. Cathedral ceilings in the living room make for a bright and open concept space. This home is energy efficient and is equipped with a European style soapstone woodstove that provides even heat and lower energy costs ! Available Immediately!
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by John Colby on 5/17/2020

If you’re planning on buying a home in the near future and are confused about many of the terms associated with mortgages, you’re not alone. Real estate is its own industry with its own set of processes, terms, and acronyms. If you’re new to the home buying process, there can be somewhat of a learning curve to understand what each of these terms means.

Since buying a home is such a huge investment and life decision, there’s a lot of pressure on home buyers to make sure they get everything right. This makes for a stressful situation for buyers who don’t feel like they understand the terminology of things like mortgages, appraisals, credit reports, and other factors that contribute to the home buying process.

To alleviate some of those concerns and to make the home buying process run more smoothly, we’ve compiled a list of the most common, and most commonly confused, real estate words, terms, and acronyms. That way, when you’re talking things over with your real estate agent or your mortgage lender, you’ll be confident that you understand exactly what’s being considered.


Read on for our real estate terminology glossary.

  • Adjustable rate mortgage (ARM) - This is one type of home loan. Mortgage rates with this type of loan fluctuate throughout the repayment term of the loan. The fluctuation is based on a market indicator.

  • Fixed rate mortgage (FRM) - Another type of home loan, a fixed rate mortgage has a rate which does not fluctuate, remaining constant for the life of the term, most commonly 15 or 30 years.

  • Appraisal - An appraisal is the determination of the value of a property. Appraisals are used when purchasing and selling a home, as well as when refinancing a home loan. Appraisers are required to be licensed or certified in each state and are usually paid for by the lender.

  • Appreciation - An increase in a property’s value, most commonly due to market inflation, or the general increase in home prices over time.

  • Depreciation - A decrease in a property’s value, due to either market deflation (uncommon) or the wear and tear on a home that comes with age.

  • Closing costs - The costs and fees that a buyer is responsible for when purchasing a home or taking out a mortgage. These include underwriting fees, inspections, appraisals, transfer taxes, and more. Closing costs typically range from 2% to 5% of the total loan amount.

  • Contingency - Home purchases have contracts to protect the interest of the buyer, seller, and lender. Contingencies are provisions designed to protect the buyer or lender should something occur in the time leading up to closing on (or purchasing) the home. One common contingency is the buyer’s right to have a final inspection of the home before closing to ensure no new issues with the home have occurred.

  • Private mortgage insurance (PMI) - Buyers who cannot afford a down payment of %20 typically are required to take out a private mortgage insurance policy. This policy protects the lender should the borrower default (fail to repay or meet the conditions of their loan).






Categories: Uncategorized  


Posted by John Colby on 5/13/2020

This Single-Family in Templeton, MA recently sold for $359,900. This Colonial style home was sold by John Colby - Colby Realty.


24 Victoria Lane, Templeton, MA 01468

Templeton

Single-Family

$359,900
Price
$359,900
Sale Price

7
Rooms
3
Beds
2/1
Full/Half Baths
Location, Location !!...Just over a mile to the New Templeton Elementary School this well cared for home sits proudly on 1 acre with a Southern Exposure in "Cook Pond Estates" ! Built in 2006 with many upgrades This Oversized Colonial has 3 bedrooms, 2.5 baths and is designed w/ full Energy Efficiency Pkg. incl Fantastic Hydro Air Heating & Central Air Conditioning for your 4 Season comfort ! More floor space means you get a Formal Dining Room ! Great Natural lighting & Hardwood floors throughout the 1st floor . Ceramic tiled Open Concept Kitchen w breakfast bar ! Rear Sliders lead to the Exterior deck & above ground pool ! ..Enjoy the Vaulted Ceilings in the Spacious 1st floor Media room (Could be a 4th bedroom).Quality Thermal Windows are Tilt in for EZ Cleaning. Master Bedroom has Walk in closet & Full Jacuzzi Bath ! Large Level yard , Unfinished full basement,Underground utilities ,Town Water & Sewer ! Larger 2 car garage/work area New Commuter Rail Stop @ nearby Wachusett

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Categories: Sold Homes  


Posted by John Colby on 4/23/2020


10 South Royalston Rd, Royalston, MA 01368

Single-Family

$319,900
Price

8
Rooms
3
Beds
1/1
Full/Half Baths
Country Living at it's Best. Royalston is a Village to LOVE !...This 1850 Farmhouse at the sought after Royalston Common Village has undergone a 2 year update. Home has been gutted, rewired & reinsulated. and carefully restored ! All windows have been replaced to make this home Energy Efficient. Save more with the 7 zone Viessmann Heating system .Stay Cozy w/4 Fireplaces and Hardwood floors throughout. Updated Country Kitchen with new Stainless Appliances! Enjoy the Private 3 season room overlooking the gorgeous 1 acre yard. Drilled well so you can have Gardens and great water ! New Elementary K-6 and the Royalston Village School ! 2 bay garage can hold 4 cars ! Just 15 minutes to Rt 2 at Exit 19. Enjoy kayaking, hiking @ Tully Lake, Doanes Falls & Conservation Areas ! North Quabbin Commons Shopping is just 14 minutes away ! 35 minutes to Keene NH.
Open House
No scheduled Open Houses






Categories: New Homes  


Posted by John Colby on 3/21/2020

This Single-Family in Orange, MA recently sold for $305,000. This Contemporary style home was sold by John Colby - Colby Realty.


366 Mayo Road, Orange, MA 01364

Single-Family

$342,000
Price
$305,000
Sale Price

8
Rooms
3
Beds
2/1
Full/Half Baths
Contractors home built in 2008. Illness has forced the sale of exquisite water front home. Add your own finishing touches to complete this once in a life time opportunity. 3 or more bedrooms. Master Bedroom with balcony overlooking the water. The glassed living room and family room afford breath taking year round views. First floor has radiant heat for cold month comfort. The concrete is poured so you can add an oversized 2 garage garage. Home will require moldings around doors/ windows and around baseboards. Also, flooring on second floor and stairs needs completion. Basement area has family room and a fireplace. Basement is also rough plumbed for another bathroom. Add a few light fixtures and some landscaping and presto!!

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Categories: Sold Homes  




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