Wednesday, September 26, 2012
Sales prices of existing single-family homes continue to rise, according to new data.
Good news for homeowners, especially those thinking about selling: Home prices across the country and here in the Bay State area rose more than expected in July, according to data released Tuesday from the S&P/Case-Shiller Housing Index. In the Boston-metro area, the seasonally adjusted price index (which measures the average sale price for single-homes) for July this year was 153.38, up from 152.07 in July 2011 and down from 155.30 in July 2010. The numbers are calculated based on the repeat sale of existing single-family homes, where the baseline of 100 is the average price as of January 2000. The bottoming out of the index in this area was in April 2009. According to data from Trulia.com, a real estate site, the average listing price …
Thursday, May 31, 2012
Between May 20-27, 15 homes and condos sold in Framingham.
Below is a few of the sales. All information is from nemoves.com The same information without photos is available below in an easy-to-scan list. 6 Fairview Rd. List Price: $389,900 Sales Price: $350,000 Style: Gambrel Square footage: 2,340 Total Rooms: 8 Bedrooms: 3 Bathrooms: 2.5 1239 Edgell Rd. List Price: $399,900 Sales Price: $406,200 Style: Garrison Colonial Square footage: 3,314 Total Rooms: 9 Bedrooms: 4 Bathrooms: 2.5 38-40 Lawrence St. List Price: $269,850 Sales Price: $255,000 Style: Multi-Family Square Footage: 2,372 Total Rooms: 10 Units: 2 11 Sullivan Terr. List Price: $535,000 Sales Price: $504,300 Style: Colonial Square footage: 3,160 Total Rooms: 9 Bedrooms: 4 Bathrooms: 2.5
Friday, March 16, 2012
Selling your house? How to get the most you can in the shortest amount of time.
Remember back in 2004 and 2005 when the market was so hot? Houses were selling in a day and you were lucky if you even got the chance to bid sometimes. Even if you did get a chance to make an offer, many properties had bidding wars and went for well over the asking price. At that time I logged what was my most historic bidding war on a house that sold for $60,000 over the asking price! I know, you are thinking, who in their right mind would ever do that? Well if you price your home at such an advantageous number people will still outbid each other. Case in point (a true story), I had a house listing in Natick this past year. The house valued out to around $620,000. We could have gone to market at $629,900 or $639,900 and had many showings…
Thursday, September 1, 2011
Eight homes and condos sold in Framingham between Aug. 21 and 27. Below is a handful of the homes.
Between Aug. 21 and 27, 8 homes and condos sold in Framingham. The same information without photos is available below in an easy-to-scan list. 5 Sylvester Dr. List Price: $269,900 Sales Price: $229,900 Style: Ranch Square feet: 1689 Rooms: 8 Bedrooms: 3 Bathrooms: 1.5 8 Day Hill Rd List Price: $244,900 Sales Price: $245,000 Style: Ranch square feet: 1134 Total Rooms: 5 Bedrooms: 3 Bathrooms: 1 206 Maynard Rd. List Price: $429,900 Sales Price: $349,900 Style: Colonial Square Feet: 2487 Total Rooms: 9 Bedrooms: 3 Bathrooms: 2.5 23 Cider Mill Rd. List Price: $524,000 Sales Price: $490,000 Style: Garrison Square feet: 2733 Total Rooms: 9 Bedrooms: 4 Bathrooms: 2 full/2 halfs 11 …
Friday, May 6, 2011
Mortgage money is available for qualified buyers and Federal Housing Administration (FHA) loans are still popular.
Many reports are circulating as to mortgage activity and product availability. One week is it reported that mortgage applications fall, while the next week it's just the opposite. The media often implies it's difficult to secure financing. So, what do we believe? Here in the MetroWest area the local Realtors have been busy. New listings are coming on the market every day. The question we ask is, are there enough qualified buyers out there to take advantage of all of the wonderful properties currently for sale, particularly first time buyers? According to local mortgage expert Nicole Kittredge, "It has been a very busy and consistent spring with many buyers taking advantage of exceptional market conditions AND being able to qualify for …
Friday, April 8, 2011
The short sale may be an option for the homeowner, who is upside down, of a buyer with lots of patience.
It was the Spring of 2004 and the market was HOT – houses came and went within hours of listing, some before the For Sale sign was installed. But you were lucky, because you were able to take a lunch break from work and make a full price offer on your dream house before someone else snatched it up. Your mortgage broker said you could buy it with no money down, so you did. And a year later, took advantage of another bank’s offer for a HELOC, a home equity line of credit to fix the roof, remodel the kitchen and finish the basement … but an unanticipated job layoff in late 2006 required a temporary halt to the basement project, now only half done. The kitchen looks good, but there’s no money left for the new appliances to complete the update…