Real Estate


Pay Off Your Mortgage?

Becoming debt free is as much a part of the American Dream as owning a home but there certainly can be conflicting circumstances that make the decision to pay off your mortgage early unclear. The advantages of paying off debt early is increased cash flow, less interest paid and a […]


Two Negotiations

There are two negotiation periods in some home sales. The primary negotiation takes place when the contract is agreed upon that includes the price, closing and possession. Buyers and sellers alike feel relieved once this first round has resulted in an agreement but there may be more negotiations to come […]


Ready for Retirement?

It’s surprising to realize that most people spend more time planning their next vacation or cell phone purchase than they do on their own retirement. Let’s look at a hypothetical situation where you have $35,000 to invest for your retirement in 15 years. Have you compared where you might have […]


Avoid Wasting Time

“If you waste my time, don’t expect me to hang out with you very long.” This could have been said by a buyer or seller or a real estate agent. Time is valuable and no one wants to waste their time. Most people can’t put their lives on-hold while they’re […]


Home Inventory

How old is your bedroom furniture and what did you pay for it? Don’t know? That’s okay, let’s try an easier question. When did you buy the TV in your family room and is it LCD or LED? Whether you are the victim of a natural disaster or a robbery, […]

Photo by Harlow Heslop

Photo by GotCredit

The Cost of Co-Signing

It seems fairly innocuous – a friend or family member wants you to co-sign on a loan because they don’t qualify. They assure that they’ll make the payments, they’re convincing and very appreciative. You want to be a nice person and help them out. The more you think about it, […]


How Accurate is Zillow?

Zillow is the first to admit that their Zestimates aren’t that accurate (and I appreciate their honesty!). An algorithm can’t differentiate between all of the different variables that go into the determining the value of a house. There are times when an AVM (Automated Valuation Model) will be much higher or significantly lower than the actual value of a house. A few times in my career, I’ve been surprised and the AVM and I agree on the price of the house.

I decided to do an experiment. The short video below shows the value that 4 different pricing models came up with for a house I had for sale in Medford and then I reveal the price that we actually sold for.

Featured Photo

Listing Inventory and Sales Performance

There are a lot of factors to consider when choosing an agent to work with to sell your home.  A recent study called How Many Listings are too Many? Agent Listing Inventory and Sales Performance  by the University of Central Florida and Longwood University analyzed 10 years of real estate sales to determine if the amount of listings an agent is working with has any affect on the likelihood of the property selling and its sales price.  As you can see in the video above, it does make a difference.  Just like in the story of Goldilocks, sellers who choose to work with an agent who has too few listings (1) or too many (15 or more homes for sale), end up taking longer to sell and sell for less money.  To help maximize the amount of money you get for your house and to sell in the least amount of time, choose an agent who has a medium level of inventory.  Goldilocks found a bed that was not too soft and not too hard and you can find an agent who handles enough sales to have the experience that you need without going to a mega-agent and being lost among all of the homes they are selling.

Inventory

Medford Mass Map

Who Moves to Medford?

Have you ever wondered where people moving to Medford come from? I’ve just found this interesting information from spokeo.com compiling the most common out of state cell phone numbers found for people living in Medford. I’ve been helping people sell their homes in Medford for over 20 years and I […]


Mortgage Rates Projected to Rise

We can all agree that mortgage rates have been phenomenally low for a long time.  The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. Historically, 4% is still an amazing interest […]


MLS Change

Soon properties will no longer be allowed to remain “Active” for sale but “flagged” as having an offer accepted. Having houses that are not for sale show as still active has been confusing for buyers and has messed up statistics in the area for the last few years. “ I’m […]