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.
As a homeowners, you can raise the basis or cost of your home by spending money on capital improvements. If you find yourself in a capital gain situation when you sell your home, raising you basis can help save you money on capital gain taxes. Sometimes people are confused about what constitutes a capital improvement. […]
Unless you live under a rock, you’ve heard that the real estate market is strong with a shortage of houses and condos for sale and prices have been increasing. This is great news if you are a seller. Many homeowners in Medford and the surrounding cities are no longer underwater. Sellers in places that have […]
When you are selling your house and it first goes on the market, it’s very exciting. Potential buyers will “drive by” your house to check out how it looks from outside and to see if the neighborhood feels right to them. (Yes, this is a time when a “drive by” is a good thing!) Buyers […]
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 still found the info to […]
The latest statistics for condos in Somerville MA. The market continues to be strong.
Releasing things that are no longer useful to you is just like a breath of fresh spring air!
For the 2nd year in a row, Medford has been named on the Best Place to Start by Boston Magazine. The exciting news for 2014 is this year Medford is the winner in this category!
Medford home values are on the rise and inventory is low making it a competitive market.
I am so very thankful for receiving this award from my clients. I am very lucky to get to work with such wonderful people!!
There’s snow on the ground and the temperature is hovering around zero. There’s no way around it – winter is here. Regular maintenance on your home can help make sure you get through the winter feeling warm and snug. Make sure you check that: Weather strips around doors and windows should be checked for possible […]
85% of all deaths by fire occur in the home. Since most of these deaths are from inhalation of smoke or toxic gas, it’s very important to make sure you have the proper smoke detectors and carbon monoxide detectors and that they are functioning properly. Fire Safety Tips Use a photoelectric smoke detector within 20 […]
Being someone’s agent is an important role. It creates a fiduciary relationship where the agent must work in the best interests of their principal. Often a homeowner refers to the person they bought their insurance from as their agent. It sounds reasonable but it’s not accurate. That person is the agent of the insurance company. […]
Unfortunately the government shut down has affected my client, Kerry, with the purchase of her new home. Listen to this interview from NPR. The positive side is her sale (that I’m handling) is going smoothly.
Important things not to do when buying a home
There are many factors that influence the real estate market here in Medford. Interest rates are higher than they were a few months ago. Today you can get a 30 year fixed rate mortgage for 4.625% if you have good credit. Another important factor is the number of homes for sale. Just like you learned […]
The housing market is coming back nicely, especially here in Greater Boston. What, if anything, could slow down the current momentum? We believe it may be sellers’ over exuberance when it comes to pricing. House prices have appreciated over the last twelve months, however, with both the inventory of homes for sale and interest rates […]
Bidding wars are back again if a property is priced right. This video from NECN specifically mentions Somerville, Arlington and Medford but I’ve had multiple offers on properties for sale in Cambridge, Stoneham and Woburn as well.
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 rate! When I first started […]
Refinancing (especially at today’s low rates) can be fabulous just make sure to keep an eye on the cost to refinance. Many people tend to ignore the refinancing costs because these expenses are rolled back into the new mortgage. Many people figure that if the new payment is lower than what they’re currently paying and […]
Some people who bought at the height of the real estate market decided rather than sell their home at a loss, kept the property and rented it out – choosing to wait until the market recovered. It’s a valid strategy but there are time restrictions that could have serious tax implications for some homeowners. […]
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 very pleased to see our […]
Boston Magazine has just announced their 2013 Best Places to Live. It’s always fun to see which cities and towns make it on this annual list. Medford was named a Best Place to Live in the Starting Out category. Woo-hoo!!
The quality of the photos and video that are used to market your home for sale can make a big difference in the amount of showings for your house, how long you’ll be on the market and can even effect the amount of money you get for the house. I recommend that part of your […]
Whether your children are looking to go to college or a trade school, saving for this extra expense (while making sure you have enough money for retirement) can be difficult. You might want to consider purchasing an investment property. A good rental home will easily rent, generate positive cash flow and pay for itself. One […]
Most people change the locks as soon as they move into a new home and never touch them again. Other times when it’s wise to change the locks is when keys are lost, stolen or unreturned; such as if a service provider hasn’t returned the key. Replacing the lockset would give you a totally new […]
Thankfully we didn’t get much damage from Sandy around here, but who knows when the next superstorm will hit the Boston area and hit us hard. A number of things can cause water damage to a home and it’s good to understand what’s covered by your insurance policy since not all water damage will be covered. […]
You might find this hard to believe but 30 year fixed-rate mortgages haven’t always been the standard. As part of FDR’s New Deal in 1934, the Federal Housing Administration was created to help Americans purchase homes with affordable terms. Prior to then, many loans had an amount due at the end of the term called […]
Have you refinanced recently but rates are now lower? Some people believe they shouldn’t refinance more often than once every two years. The determining factors are if you’ll lower your payments and plan to stay in the home long enough to recapture the cost of refinancing. If so, you should consider refinancing. Interest rates have […]
Are you concerned about the new 3.8% Medicare Tax going into effect on January 1st? Watch this video to see how it might affect you, especially if you’re considering selling investment property and will have a capital gain. Download this free brochure for more information regarding the 3.8% Medical Tax. Let me know if you […]
Check out my latest video showing what’s been happening in the condo market in Somerville Here’s the formula: Low inventory + brisk market = higher prices
Today I’m trying something different. Here’s my take on the current trends in the real estate market for single family homes in Medford in a video format. Let me know what you think.
A market analysis can be a very useful thing but many people only think about getting one when they are considering selling their house. However, there are other times when a market analysis is either necessary or just handy to have. Here are my 5 top uses for getting a market analysis for your house: […]
The Cambridge condo market continues to be hot. Well priced condos are selling quickly and it’s not uncommon to see multiple offers in the city. The chart below shows the last 2 years of condo activity in Cambridge. The black line shows the median sales price for condos in Cambridge while the orange line highlights […]
Whether you’re selling your house or not, it’s important to keep your family safe with the property smoke detectors and carbon monoxide detectors. When you are selling a property in Massachusetts, the local fire department has to come do an inspection to ensure that you have the property detectors in the right place and that […]
Today let’s talk about the condo market in Somerville and look at what’s been going on in the city over the past year. In the spring, summer and fall of 2011 we saw prices rise (the black line) as the number of condos listed on the market (the orange inventory line) went up and prices […]
Many times there’s an inverse relationship between the median sales price in a city and the amount of homes for sale. I’ve rarely seen it so clearly illustrated as in this current graph showing what’s been going on with single family homes in Arlington MA. The black line shows the median sales prices of single […]
Today let’s turn our attention to Medford MA and check out what’s going on with single family homes sales in the city. Prices have increased a bit in the last few months but the big news is the level of inventory (the orange line). Notice that in the winter there was a sharp decrease in […]
I love number crunching. It’s the best way to truly get a handle on what’s happening in the real estate market. Today let’s look at single family homes in Stoneham. I decided to look at year over year statistics. The black line shows the percentage change in median sales prices. As you can see it’s […]