Month: August 2014

22 Lenox Under Agreement in 5 Days!


So happy 22 Lenox is Under Agreement.  That’s what happens when Developers build what people want to buy and build with integrity.  Inspection tomorrow — hopefully closing on September 22nd.  Outstanding Renovation done by Brian DiBlasi and Remi Aftandilian from Credere Ventures.

Chic and Stylish Total Renovation

Chic and Stylish Total Renovation

With Interest Rates and Home Prices on the Rise, Do You Know the True Cost of Waiting?


Newton, MA.  Margaret Szerlip Sotheby’s Realty

With Interest Rates and Home Prices on the rise, do you know the true Cost of Waiting?

Posted: 19 Aug 2014 04:00 AM PDT From The KCM Crew

With Interest Rates and Home Prices on the rise, do you know the true Cost of Waiting? | Keeping Current Matters

Today we are excited to have Morgan Tranquist as our guest blogger. Morgan is the Marketing & Graphics Director for The KCM Crew and provides insight into what the Millennial Generation needs to hear from their agents. – The KCM Crew

At Keeping Current Matters, we have often broken down the opportunity that exists now for Millennials who are willing and able to purchase a home NOW… Here are a couple other ways to look at the cost of waiting.

Let’s say you’re 30 and your dream house costs $250,000 today, at 4.12% your monthly Mortgage Payment with Interest would be $1,210.90.

(that price point does not exist in Greater Boston)

But you’re busy, you like your apartment, moving is such a hassle…You decide to wait till the end of next year to buy and all of a sudden, you’re 31, that same house is $270,000, at 5.3%. Your new payment per month is $1,499.32.

The difference in payment is $288.42 PER MONTH!

That’s basically like taking a $10 bill and tossing it out the window EVERY DAY!

Or you could look at it this way:

  • That’s your morning coffee everyday on the way to work (average $2) with $11 left for lunch!
  • There goes Friday Sushi Night! ($72 x 4)
  • Stressed Out? How about 3 deep tissue massages with tip!
  • Need a new car? You could get a brand new $20,000 car for $288.00 per month.

Let’s look at that number annually! Over the course of your new mortgage at 5.3%, your annual additional cost would be $3,461.04!

Had your eye on a vacation in the Caribbean? How about a 2-week trip through Europe? Or maybe your new house could really use a deck for entertaining.  We could come up with 100’s of ways to spend $3,461, and we’re sure you could too!

Over the course of your 30 year loan, now at age 61, hopefully you are ready to retire soon, you would have spent an additional $103,831, all because when you were 30 you thought moving in 2014 was such a hassle or loved your apartment too much to leave yet.

Or maybe there wasn’t an agent out there who educated you on the true cost of waiting a year. Maybe they thought you wouldn’t be ready, but if they showed you that you could save $103,831, you’d at least listen to what they had to say.

They say hindsight is 20/20, we’d like to think that 30 years from now when you are 60, looking back, you would say to buy now…

Open House 22 Lenox Street — West Newton Hill Sunday from 12-2


Chic and Stylish Total Renovation

Chic and Stylish Total Renovation

 

 

22 Lenox St, West Newton, MA 02465

Chic and Stylish Victorian

5Bd/3.5Ba Single Family House

$2,349,000

Description

Victorian home meets 2014 with a complete down to the studs renovation at the top of West Newton Hill! The new version is stylish, and chic and fits perfectly with today’s lifestyle. Open concept first floor with outstanding kitchen and adjoining family room with fireplace and open staircase to the finished LL. Kitchen has custom cabinetry, honed Calcutta counters and professional grade Thermador appliances. Beautiful Master suite boasts a walk in closet and the most serene bathroom. 2 generous bedrooms, another top quality bath and laundry room complete the 2nd floor. The 3rd floor has high ceilings, abundant sunlight, 2 bedrooms, plus a loft area for office or play and another bath. Wonderful large renovated basement with bath and bar area. New roof, wood floors, electric, plumbing, HVAC, siding, kitchen, baths, walls, ceilings, spray foam insulation..everything.

22 LENOX STREET WEST NEWTON — OUTSTANDING RENOVATION!


22 LENOX STREET SOTHEBY’S,
NEWTON, MA.  TOP REALTOR NEWTON, MA.

A perfect example of preserving the past and building for the future!  I have attended quite a few Historic Commission meetings and special permit meetings at City Hall this summer and it is obvious that the “people in charge” are sick of tear downs not to mention the neighbors.  I wish I had the before shot to show you!

Chic and Stylish Total Renovation

Chic and Stylish Total Renovation

Victorian home meets 2014 with a complete down to the studs renovation at the top of West Newton Hill! The new version is stylish, and chic and fits perfectly with today’s lifestyle. Open concept first floor with outstanding kitchen and adjoining family room with fireplace and open staircase to the finished LL. Kitchen has custom cabinetry, honed Calcutta counters and professional grade Thermador appliances. Beautiful Master suite boasts a walk in closet and the most serene bathroom. 2 generous bedrooms, another top quality bath and laundry room complete the 2nd floor. The 3rd floor has high ceilings, abundant sunlight, 2 bedrooms, plus a loft area for office or play and another bath. Wonderful large renovated basement with bath and bar area. New roof, wood floors, electric, plumbing, HVAC, siding, kitchen, baths, walls, ceilings, spray foam insulation..everything.
OPEN HOUSE — SUNDAY AUGUST 17th  12-2PM
22Lenox_Int_01-3450008416-O

Foyer

22Lenox_Int_02-3450008521-O

Living/Dining

22Lenox_Int_04-3450008717-O

View from Living to Foyer and Family Room

22Lenox_Int_08-3450009059-O

View from Family Room to Kitchen and Lower Level

22Lenox_Int_41-3451293398-O

Kitchen with French Doors to outside

22Lenox_Int_27-3450010665-O

Staircase

22Lenox_Int_19-3450009770-O

Master Bath

22Lenox_Int_18-3450009867-O

Master Bath

22Lenox_Int_31-3450010938-O

Third Floor Bedroom

22Lenox_Int_34-3450010997-O

Third Floor Loft Area

22Lenox_Int_38-3450011511-O

Lower Level Beverage Center

22Lenox_Int_43-3451293549-O

Lower Level

22Lenox_Ext_05-3451293422-O

Street view of beautiful Lenox Street

22Lenox_Ext_08-3450008145-O

Yard

22Lenox_Ext_09-3450008299-O

Yard

Home Prices Since the Peak — Top 20 Cities


Newton,. MA.  Top Realtors, Sotheby’s Newton, MA.

 

We are lucky here in Boston

Home Prices Since Peak | Keeping Current Matters

Bigger Ads Don’t Make Dumber Buyers


Top Newton, MA. Realtors, Sotheby’s Newton, MA. OMG I love this post!  KCM Crew you took the words right out of my mouth!

Bigger Ads Don’t Make Dumber Buyers Posted: 05 Aug 2014 04:00 AM PDTbyKCM Crew

Bigger Ads Don't Make Dumber Buyers | Keeping Current Matters Being ‘in and around’ the real estate business for over 30 years, we are still confused about the importance both sellers and real estate agents put on advertising.  Decades ago, advertising a home was important to attract a buyer because there was no other way for an individual real estate office to announce to the world that a house was now on the market. But times have changed.  With the development of the Multiple Listing Systems (MLS), as soon as a listing is taken the entire agent population of that area or region is informed. Instantly! Every agent working every buyer is put on notice that a new opportunity to sell a home is here. In many cases, through new technologies, the buyers are directly informed of the new listing before the agent can even reach out to them. Buyers already in the market will know the home is up for sale immediately. No ad is required to do this. You may ask – what about the buyer who is not yet actively engaging an agent in search of a home? Those future buyers are searching the internet months before they are ready to commit. In most areas, once a home is placed on the MLS system, the listing populates a plethora of real estate internet sites where a buyer can easily find it. Why are no buyers looking at the house? I will argue that it is probably not because they are unaware of the listing. In 99% of the cases, it is about pricing. They know of it and, for some reason, have decided it is not worth seeing. The value was not there for them.

Look at the Price

You may think there are just no buyers in the market for your type of home at the present time. Well, let’s take a step back and ask a question. Would someone buy it at $1? How about $100?  $1,000?  $10,000?  $100,000? Of course!! But, that proves our point. There is a price that buyers will pay for each and every home that is for sale today. You must decide if you are willing to take what the current value of your property is. That is entirely your decision. But, let’s not believe the house hasn’t sold because it wasn’t advertised more aggressively. You could put it on the front page of your large, regional paper for the next 365 straight days. If it is not priced right, a buyer will not buy it. Does that mean that you don’t need an agent to sell your home? Actually, we are saying the exact opposite. You need a well-informed real estate professional who knows the proper price for your house and has the courage to tell you the truth. It was great to see that a recent survey by the National Association of Realtors revealed that the number one benefit a seller wants from their agent is assistance in setting a competitive price. That truly is the most important thing an agent can deliver to a seller in this market.

Bottom Line

Get a great agent. Price your home appropriately. And don’t believe that running more ads will create a group of buyers that don’t understand value!!

Bigger Ads Don’t Make Dumber Buyers


Top Newton, MA. Realtors, Sotheby’s Newton, MA. OMG I love this post!  KCM Crew you took the words right out of my mouth!

Bigger Ads Don’t Make Dumber Buyers Posted: 05 Aug 2014 04:00 AM PDT byKCM Crew

Bigger Ads Don't Make Dumber Buyers | Keeping Current Matters Being ‘in and around’ the real estate business for over 30 years, we are still confused about the importance both sellers and real estate agents put on advertising.  Decades ago, advertising a home was important to attract a buyer because there was no other way for an individual real estate office to announce to the world that a house was now on the market. But times have changed.  With the development of the Multiple Listing Systems (MLS), as soon as a listing is taken the entire agent population of that area or region is informed. Instantly! Every agent working every buyer is put on notice that a new opportunity to sell a home is here. In many cases, through new technologies, the buyers are directly informed of the new listing before the agent can even reach out to them. Buyers already in the market will know the home is up for sale immediately. No ad is required to do this. You may ask – what about the buyer who is not yet actively engaging an agent in search of a home? Those future buyers are searching the internet months before they are ready to commit. In most areas, once a home is placed on the MLS system, the listing populates a plethora of real estate internet sites where a buyer can easily find it. Why are no buyers looking at the house? I will argue that it is probably not because they are unaware of the listing. In 99% of the cases, it is about pricing. They know of it and, for some reason, have decided it is not worth seeing. The value was not there for them.

Look at the Price

You may think there are just no buyers in the market for your type of home at the present time. Well, let’s take a step back and ask a question. Would someone buy it at $1? How about $100?  $1,000?  $10,000?  $100,000? Of course!! But, that proves our point. There is a price that buyers will pay for each and every home that is for sale today. You must decide if you are willing to take what the current value of your property is. That is entirely your decision. But, let’s not believe the house hasn’t sold because it wasn’t advertised more aggressively. You could put it on the front page of your large, regional paper for the next 365 straight days. If it is not priced right, a buyer will not buy it. Does that mean that you don’t need an agent to sell your home? Actually, we are saying the exact opposite. You need a well-informed real estate professional who knows the proper price for your house and has the courage to tell you the truth. It was great to see that a recent survey by the National Association of Realtors revealed that the number one benefit a seller wants from their agent is assistance in setting a competitive price. That truly is the most important thing an agent can deliver to a seller in this market.

Bottom Line

Get a great agent. Price your home appropriately. And don’t believe that running more ads will create a group of buyers that don’t understand value!!