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Margo Otey

New Requirements in Effect for Massachusetts Homes Heated by Oil

10-19-11
Margo Otey
Important information for Massachusetts Homeowners with Oil-fired Heating Systems!
Under a new Massachusetts state requirement that took effect on September 30, 2011, owners of 1-to-4 family homes heated with oil must have an oil safety valve or an oil supply line with a protective sleeve on their heating equipment. Estimated cost of installation $150-$350 (including labor, parts and local permit fees). Installation must be performed by a licensed oil burner technician. The law applies to all homeowners, regardless of whether or not the home is being sold.
www.mass.gov
This fact sheet contains important information for those who heat their homes with oil. By September 30, 2011, you must upgrade your home heating system equipment to prevent leaks from tanks and pipes that connect to your furnace. By making a relatively small expenditure now, you can prevent a much ...

Waterfront! Lake Chauncy-Westboro-01581 Reduced to $429,900!

06-12-11
Margo Otey

Waterfront home on Lake Chauncy in Westboro offers uninterrupted lake views from living room, kitchen & master bedroom! Simply irresistible at $429,900!deck

Open from the foyer through the kitchen & living room, the cathedral ceiling adds light and drama to the space. Casual dining in the tiled kitchen, warm hearth and wood floors in the living room with slider to the deck from which you can wave to your favorite boater!LR

Master bedroom features hardwood floors and a full (shower) bath! Located on the lake side of the house, it has a slider to a private deck.

MBR

On the lower level there is a walkout family room which features a wet bar, lavatory, & laundry room. The slider leads to a level, fenced back yard. Beautiful water views! Your boat dock awaits!

dock

There are few places where you can commute easily to work, and when you arrive home, enjoy a cruise around your lake! Come take a look at our open house Saturday, June 18th, from 1-3pm!

New Price! $449,900! 19 Chauncy Street Westboro 01581

05-18-11
Margo Otey

New Price! 19 Chauncy Street, Westboro, MA 01581 - now $449,900!

There aren't very many places in Metrowest where you can have this kind of a view! But this deck is where you can relax and enjoy the sunshine - if you live at 19 Chauncy Street!

deck

The lake offers 4 seasons of beauty and recreation. A floating dock for the owner's boat sits at the water's edge! Swim, boat, fish - without leaving home!

dock

The house is bright and sunny with decks from the living room and master bedroom. The lower level family room has a half bath and wet bar. There is a 2-car garage and fenced yard.

front of hosue

All this natural beauty and yet located close enough to highways for an easy commute to work!

Come take a look!

Beat the Clock for Buyers and Sellers - the implications of the Dodd/Frank Act

04-13-11
Margo Otey

bankerBuyers and Sellers! You have 12 months to beat the clock!

Buyers! If the Dodd-Frank Act goes into full effect next April, you will have to put 20% down in order to make a home purchase, unless you finance through FHA, or you can find a lender who will hold your mortgage in-house. Starting next April, you will hear the term "QRM"-Qualified Residential Mortgage. No loan will make the QRM standards unless the buyer puts 20% down and has a minimum credit rating of 740!

Sellers! Imagine if the only buyers who can purchase your home are those with 20% to put down and have perfect credit? Pretty major impact on the number of qualified buyers, wouldn't you agree? If you are sitting on the fence trying to decide if this is the right time to sell, the Dodd-Frank limitations on home mortgages ought to help you off your fence pretty fast!

The Dodd-Frank Act went into effect April 1, 2011. That's right, it's ALREADY in effect - but only partially. The balance of the requirements don't hit the market until next April.

So, if you are a buyer thinking of purchasing your first home the widest range of mortgage options are available to you right now. In 11 months it will be a totally different financial landscape, should all of the requirements go into full effect.

And if you are a seller, the widest pool of buyers is out there for your property right now. In another 11 months you will likely have to work a lot harder to sell your home.

Waterfront! Lake Chauncy-Westboro-01581

02-25-11
Margo Otey
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Description
Waterfront! This contemporary split level filled with sunshine sits on beautiful Lake Chauncy! Seasonal boat dock for private boating, private or public beaches! You can have it all - at home!


Features
Bedrooms: 3
Bathrooms: 2.5
Parking Spaces: 4
Year Built: 1992
Lot Size: 40,500
Garage Size: 2 car under
Square Footage: 1700
Agent Name: Margo Otey
Broker: REMAX EXECUTIVE REALTY
MLS #: 71186448
Waterfront: yes
Power Boating: yes

Location
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