MA

Home Selling Tips Every Seller Should Know


Andy Fulton
Andy Fulton  Guest Blogging today.
September 25th, 2014

What home selling tips are the most important for sellers to know? We sought to answer this question when we surveyed 500 real estate agents about the importance of two dozen top home selling tips. Each tip was then ranked based on the survey responses and we used the first eight – those viewed as being “very important” by 80 percent of agents or more – to create this infographic, “Home Selling Tips Every Seller Should Know.”

Look below the infographic to find a complete list of the home seller tips included in the survey, and learn what agents thought about them. If you feel like this infographic is something your clients need to see, you can share it on your blog or website using the embed code found below it.

Did we miss an important tip? Share it in the comments!

The definitive list of home selling tips

Simplify Your next Move — Downsize, Upsize or Rightsize


Please join Amy Slotnick from Fairway Independent Mortgage and I to introduce Laurie Nordman from Next Stage AssociatesLaurie and her team offer the most comprehensive services I have encountered.  Next Stage can help with all aspects of  your move or your parents move.  Don’t let your stuff hold you back from moving on!

Amy Slotnick will speak about possible options to fund your move and I will speak briefly about the current local real estate market.

April 22 from 6:00 to 8:00

60 Wells Avenue Suite 101, Newton

easy parking

 

 

Publication2

EASY PARKING AND LIGHT DINNER

3 Financial Reasons to Buy a Home NOW!


Sotheby‘s Realty, Newton, MA.  Top Agents for Buyers and Sellers, Newton, MA.

 

 

Posted: 27 Mar 2013 04:00 AM PDT

 

This week, we are going to look at the three financial reasons to buy a home now instead of waiting: prices are rising, interest rates are increasing and rents are skyrocketing. – The KCM Crew

 Rents Are Skyrocketing

money evaporating houseWhether you own or rent, you will have a monthly housing expense. The question is how that expense will change in the future. When you purchase a home, for the most part, you lock-in that monthly housing expense for the length of the mortgage you take (15 or 30 years for example). When you rent a home, your housing expense is impacted by movements in the supply and demand for rental properties.

Historically, residential rental rates increase by 3.2% on an annual basis. However, in the current housing environment, there is an increasing demand for residential rental properties. This increase in demand has dramatically impacted rates. Zillow, in their most recent report, revealed that rental rates in the U.S. increased by 4.5% over the last twelve months. Other studies have projected rental rate increases of 4-5% over the next few years.

The only way to have control of your housing expense is to buy.

But Isn’t Buying Much More Expensive Than Renting?

Not right now! As a matter of fact, with prices down and mortgage rates at historic lows, it is LESS EXPENSIVE to buy than rent in most areas. In a recent reportTrulia revealed it is cheaper to buy than rent in ALL of America’s largest regions.

According to Jed Kolko, Trulia’s Chief Economist:

“People who didn’t buy a home last year may have missed the bottom of the market, but they haven’t completely missed the boat. Buying remains cheaper than renting in all 100 large metros. Even buyers who can’t get today’s lowest mortgage rates will still find that buying makes more financial sense than renting in nearly all local markets.”

However, Kolko went on to say that this opportunity may soon disappear:

“Although buying a home is still cheaper than renting, the gap is closing. In 2013, home prices should rise faster than rents, and mortgage rates are likely to rise in the next year as the economy improves. By next year, buying could be more expensive than renting in some housing markets, even for people with the best credit.”

Again, the only way to lock-in your monthly housing expense is to take that decision out of the hands of a landlord by owning. With both prices and interest rates set to increase, the best time to buy is right now.

 

Top 10 Remodeling Projects


Sotheby’s Newton, MA, top buyer and seller agent in Newton, MA.

 

Top 10 Remodeling Projects [INFOGRAPHIC]

by THE KCM CREW on MARCH 22, 2013 · 0 COMMENTS

  • Top 10 Remodeling Projects

Original InfoGraphic by California Association of Realtors (CAR)

Is There a Window of Opportunity for Sellers Right Now?


Sothebys, Newton, MA.  Listing and Buying Agent, Newton, MA.  Top Agent Newton MA.

Is There a Window of Opportunity for Sellers Right Now? YES YES YES there is an opportunity here in Newton, MA!!!

by THE KCM CREW on FEBRUARY 25, 2013

  • 3081280_thumbnailOne of the most interesting revelations of the latest National Association of Realtors (NAR) Existing Home Sales Report is the shortage of housing inventory being reported throughout much of the country. At the same time, buyer demand is dramatically up over last year.  Here are some key points:
  • Total housing inventory at the end of January fell 4.9 percent to 1.74 million existing homes available for sale, which represents a 4.2-month supply at the current sales pace.
  • This represents the lowest housing supply since April 2005 when it was also 4.2 months.
  • Listed inventory is 25.3 percent below a year ago when there was a 6.2-month supply.
  • Raw unsold inventory is at the lowest level since December 1999 when there were 1.71 million homes on the market.

What Does This Mean if You Are Selling a Home?

The price of anything is determined by supply and demand. According to NAR’s report, inventory is at its lowest level since the real estate boom eight years ago. At the same time, demand is up. Lawrence Yun, NAR chief economist, reveals:

“Buyer traffic is continuing to pick up, while seller traffic is holding steady. In fact, buyer traffic is 40 percent above a year ago, so there is plenty of demand butinsufficient inventory to improve sales more strongly. We’ve transitioned into a seller’s market in much of the country.”

Does that mean you should sell your house now? Or should you wait to see if prices increase? Nobody knows for sure. However, some feel that there may be a pent-up inventory about to come to the market because, as prices increase, it will free up some sellers who have been locked in a negative equity situation (where the house is worth less than the remaining mortgage).

The Zillow Negative Equity Forecast predicts:

“The negative equity rate among all homeowners with a mortgage will fall to at least 25.5 percent by the fourth quarter of 2013, freeing more than 999,000 additional homeowners nationwide.”

If these homes come to market, the supply/demand ratio will begin to balance out and lessen the opportunity a seller now has.

Calculated Risk, a well respected blog which analyzes the economy:

“With the low level of inventory, both in absolute numbers and as a month-of-supply, and the recent price increases in some areas, it would seem likely more inventory would come on the market.”

Lawrence Yun agrees:

“We expect a seasonal rise of inventory this spring.”

Yet, Yun is quick to add:

“It may be insufficient to avoid more frequent incidences of multiple bidding and faster-than-normal price growth.”

Probably the most interesting comment on this comes from Calculated Risk:

“I need to think about this…This will be an interesting issue all year.”

This is an issue that is important to every seller. Make sure that you are working with a true professional that is dedicated to keeping current on what matters in the real estate market so he/she may provide you with the best advice possible as this situation becomes clearer.

 

 

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