Morgan Home Realty

03/29/2024

Escape to Martha's Vineyard this summer and relax at this exquisite rental property nestled in the heart of the island. This charming retreat offers four bedrooms, two full baths with spacious living areas, and great amenities.

Whether you're lounging on the front porch, exploring the island's pristine beaches, or savoring fresh seafood at nearby eateries, this vacation rental is your perfect home away from home. Book now for an unforgettable summer getaway!

Book DHANM, a beautiful Martha's Vineyard vacation rental in Oak Bluffs. View availability, photos, and features - inquire today!

05/14/2019

Affordable Housing Lottery
Two-bedroom Townhome for $254,584
17 Murphy Road
Needham, MA 02492

An affordable condominium townhouse is being resold to a qualifying buyer for $254,584. The unit includes living/dining area with open kitchen, 2 very good size bedrooms and 1½ baths.

Interested buyers must meet income limits as follows: $62,450 (1 person), $71,400 (2 persons), $80,300 (3 persons) and $89,200 (4 persons). Households cannot have more than $75,000 in assets.

All interested purchasers must submit an application no later than 4:00 PM on Friday, June 14, 2019 to:
Needham Housing Authority (NHA)
28 Captain Robert Cook Drive
Needham, MA 02494

Applications are available at the NHA office and Needham’s Planning and Community Development Dept. at 500 Dedham Avenue. Applications are also available through the broker, Anthony Morgan, at [email protected] or (339) 225-9595 who should be contacted with questions and to view the unit. Questions can also be directed to Needham’s Community Housing Specialist at 781-455-7550 ext. 220.

04/25/2019

Cambridge has edged out perennial front-runner Brookline so far in 2016, thanks mostly to a severe lack of homes for sale and intense competition.

03/31/2019

A battle is brewing on Beacon Hill over a longstanding contentious issue in housing: rent control.

Supporters say a cap on what landlords can charge could help alleviate the state’s housing crisis.

12/28/2018

Are you an AirBNB host...if yes, there are new laws taxing and regulating the short-term rental market in Massachusetts.

A comprehensive trade association and professional organization for REALTORS and Massachusetts Real Estate

12/25/2018

Learn how to prevent pipes from freezing, even if they've already started to freeze. Get helpful tips to prevent your pipes from freezing at HouseLogic.

02/27/2018

The Different Types of Home Inspections Explained

Home inspections are a common source of confusion for first-time home buyers, because there are several different types of inspections that can take place. Here is an overview of the most common types of inspections you could encounter during the buying process.

Primary Home Inspection

When you hear people talk about a "home inspection," they are generally referring to the primary inspection that is conducted by a licensed home inspector. It's always a good idea to have a property professionally inspected before buying it.

The inspector will examine the home's foundation, roof, electrical system, installed appliances, heating and cooling systems, and overall condition. When he's finished, he will give you a detailed inspection report that explains his findings.

Keep in mind that when you buy a house, you are generally buying it in "as-is" condition (unless specific provisions are added to the contract saying otherwise). For this reason, you want to make sure you know what is, and is not, working in the home. You'll also want to know what repairs might be needed, and how much they might cost. For all of these reasons, the primary home inspection is essential.

Termite Inspections

Home inspectors typically don't look for termites or other wood-destroying insects. So this is usually a separate inspection. This inspection is done on behalf of the buyer and the mortgage company. You might even have to provide a copy of the inspection for your mortgage lender. This is especially true if you live in an area where termites are common. You might be able to skip this process if termites are not commonly found in your area. Termite damage can be extensive and expensive. So these inspections are usually worth the cost.

Well Water Inspections

Depending on where the home is located, you may also need a well water test to make sure the water is potable (safe to drink).

Home Appraisal / Appraiser's Inspection

If you are using a mortgage loan to buy a house, your bank or lender will send a licensed home appraiser out to evaluate the property. The appraiser is primarily concerned with the market value of the home. He will also examine the overall condition of the property, as it relates to the value.

Final Walk-Through Inspection

Home buyers typically perform one last inspection near the end of the real estate transaction, just to make sure the house is in the same condition it was in when they agreed to buy it. During this final "walk-through," as it is known, you'll want to ensure that everything is in working order, and that the house has not been damaged in any way since you first signed the contract.

As each inspection takes place, keep in mind that no home is perfect. You'll need to weigh the pros and cons of every house in order to make the right purchasing decision.

You can expect a number of inspections to take place during your home buying process. Most of these inspections are for your benefit, as the home buyer, so you need to take each inspection seriously and consider the outcome carefully

01/31/2018

Here's what you can do today to get ready to buy a home in 2018! http://ow.ly/Gbef30i3STk

01/06/2018

New Rules for Mortgage Interest Deductions in 2018

In December, Donald Trump signed the much-debated (and highly controversial) Tax Cuts and Jobs Act. This bill, drafted by Republicans in the House and Senate, will affect many Americans up and down the income scale. It will also have an impact on homeowners with mortgage loans, particularly those in high-priced markets with expensive homes.

There's also a lot of confusion surrounding this new legislation, mainly because there have been multiple versions of it.

Here's a summary of the bill's key provisions:
The mortgage interest deduction cap is being lowered to $750,000.
State and local property, sales and income tax deductions have been capped at $10,000.
The so-called "standard deduction" for taxpayers has been roughly doubled.

Mortgage Interest Deductions Capped at $750,000

The newly enacted tax-code legislation hits homeowners by lowering the mount of mortgage interest they are allowed to deduct from their taxes. These changes could impact many homeowners across the country, particularly those who purchase homes in the more expensive housing markets.

In less expensive areas, where the typical home price falls below $750,000, buyers purchasing a house in 2018 will be largely unaffected by this change. That's because the new limit or cap will still be higher than their mortgage amount. So they'll be able to deduct the interest paid on the full mortgage balance -- generally speaking.

There's also some good news for people with existing loans that were taken out prior to this change. Those folks will be unaffected by the lower deduction limit. The old limits will be "grandfathered" for those homeowners. The reduction will only apply to newly purchased homes, from January 2018 on.

Goodbye, Equity Loan Deductions

There's another big change that will affect many homeowners across the country. Going forward, the interest paid on home equity loans will no longer be tax deductible. This is another important part of the Tax Cuts and Jobs Act, because it has the potential to impact many Americans nationwide.

And unlike the mortgage interest deduction changes mentioned above, this one will not be grandfathered. For homeowners with equity loans, 2017 was the last year they could write off the interest.

According to a December 22 Marketplace article by Jana Kasperkevic:

"In the past, homeowners who took out home equity loans were able to deduct the loan's interest up to $100,000 from their taxes. Under the new tax bill, this deduction is a thing of past. The change takes effect in 2018, meaning this is the last year that homeowners can write off the interest paid."

In addition to the mortgage deduction changes mentioned above, the new law chips away at some other tax benefits. It limits the amount of property taxes, and state and local income tax, that a person can deduct. There wasn't really a hard limit before. But going forward, such deductions will be limited to $10,000.

01/01/2018

New Year...5 Resolutions for Your Home

Every year when January rolls around you vow to lose weight, save money or spend more time with family and friends. But what goals do you set for your home?