Posted by WEICHERT, REALTORS® - Briarwood Real Estate on 8/15/2019

Getting your home ready to sell involves more than just packing all of your property in boxes and leaving. It begins right from the time you move in. Often it even starts before you buy another home. Many people rely on money from the sale of their home to buy their next home. If you are in this category, beginning the process early will help increase your profits.

Do not panic; this article will walk you through the entire process. To start with, there are some improvements you can make to your property to make it sell faster. This is what you will see throughout this article.

Improvements You Should Make on Your Home

Almost all homes require some extra love and care, and this is the reason why you need to start this process early. The kind of improvement we are talking about here are those things that will bring up the value of your home. 

How do you do it?

First, critically look at your house and take inventory of all the repairs needed. Spend around two weekends to looking for easy things such as touching up paint and patching nail holes, but plan for more time to check out more substantial projects like the roof or foundation.

The critical areas of your home are the kitchen and bathrooms, so start your improvements there first. Updating these areas of your home can include replacing hardware, painting the cabinets, or hanging new light fixtures.

You should keep an eye out for anything you think might need a bit of work while making these improvements. These improvements should not cost you millions of dollars, but completing these repairs before you list your house for sale will show that you are able and even ready to make more money on the home.

Find out the Fair Market Value of Your Property

The fair market value of your home can best be described as the price that a home buyer would pay readily without any pressure from outside sources. The price can be influenced by many factors such as the appraisal, tax assessment, and homes in that area.

  • The bank or the buyers' lender usually completes the appraisal to ensure the value is in the home before they buy the property.
  • The tax assessment is an estimated value based on information the government has on your property without really seeing the inside of your home.
  • Finding your house's value based on others in the area is referred to as a Comparative Marketing Analysis (CMA).

Comparative Marketing Analysis

A CMA looks at properties that have the same square footage and similar features to determine a sale price for your home. A full CMA also considers some other factors such as houses that have been sold recently or those that listed for sale at the moment, their duration on the market, and how they compare with your listing.

The value of your property may rise and fall depending on a lot of things: the area, the local market, and the season in which you are trying to sell to name a few. It is good to have a real estate agent who knows your particular area complete your CMA. They have a more complete vision of the market you are in and will be able to price your home cleverly at the spot where it will sell fast for the highest value.

Selling your home can take a toll on your patience if you are not prepared beforehand, but knowing and completing these steps in advance will make the process a smooth one. So, get out there and get your house ready for sale!





Posted by WEICHERT, REALTORS® - Briarwood Real Estate on 8/14/2019

Finding a house that fits your wants, needs, and desires can be exhilarating. Finding a house for a bargain price can have you downright giddy. However, the process of purchasing that property can prove arduous. Houses considered distressed or in default are usually investor and house flipper's territory. However, if you are willing to do your research and leg work, you can find yourself a great deal, and working with a realtor will help as well. But when you find a property marked foreclosure or short sale, what next?

Know Your Terms

Short Sale, Pre-foreclosure, Foreclosure, and Banked Owned are all different, and you need to know the differences between them all to make informed decisions. Short sales are properties for sale where the owner owes more than the property is currently worth and the mortgage company agrees to take less than the current balance on the mortgage. The catch being, the sale price must be at or below the appraised value. All lien holders, no matter how many, must sign off on the buyers offer. This leads to an extended time-frame from offer to approval to the finalization of the transaction. If this will be your primary residence, you may not want to wait around to find out if your offer gets accepted. A pre-foreclosure, on the other hand, is a property that has been issued a default notice which is a matter of public record. There are subscription-based services that list current addresses that have received notices. These properties are not usually for sale at that time. The owner is behind on payments, but no proceedings have commenced. This is when a homeowner may want to consider putting the house on the market. This is not considered a distressed property at this point because the fair-market value is above the current mortgage balance. A sale at this point is good news all the way around but is rare. Often the pre-foreclosure that is on the market falls under the short sale category, and that is why buyers can be easily confused. 

Conditions May Vary

As a buyer of a short sale or a pre-foreclosure, you need to know what you may encounter regarding pitfalls. The physical condition of the property may require extensive and expensive repairs that you will have to pay for yourself. Your lender may not approve of you because of the condition. You may be on the line for unpaid HOA fees, taxes, or liens leftover from the previous owner. So, if you can navigate all the issues that go along with these situations, then a short sale or pre-foreclosure may work out for you. Meet with your local real estate professional to get more information on these types of properties.





Posted by WEICHERT, REALTORS® - Briarwood Real Estate on 8/13/2019

Experienced, knowledgeable real estate agents are experts in attracting potential buyers to home showings.

When you initially meet with prospective real estate agents to determine which one would be the best fit for your needs, you can get a pretty good sense of how marketing-savvy they are.

Since marketing is one of the most important parts of their job description, a well-trained, motivated real estate agent will know how to effectively use the Internet, their network of personal contacts, and a variety of other techniques to draw in qualified prospects.

Is there anything that you, as the homeowner, can do to help market your home?

Although it's your real estate agent's role to advertise, promote, and publicize your real estate listing to targeted groups and the general public, there is one huge thing you can do to help: Try to keep your house and property looking impeccable at all times. While that goal may be easier said than done, it's worth some extra time and effort to make your home as inviting and appealing to house hunters as possible.

Here are two ways you can increase your home's marketability and help spark more interest among prospective buyers:

  1. Meticulous neatness and cleanliness gives your home instant appeal. On the other hand, a messy, disorganized home or yard will send the wrong message to people touring your house. While it may be counterproductive to have your house reeking from ammonia and harsh cleaning chemicals, keeping countertops, floors, and walls clean will help your real estate agent present your home in its best possible light. Hopefully, you'll be able to enlist the help of everyone in the family (except pets) to clean up after themselves and keep their rooms and play areas looking civilized!
  2. Help maintain curb appeal! As the cliché goes (or was it an old mouthwash commercial?): "You don't get a second chance to make a great first impression!" For that reason, it's vitally important for your lawn to look well manicured and your house to be free from peeling paint and yard clutter. Another eyesore that detracts from first impressions is the sight of weeds growing out of cracks in your driveway or walkway. The cracks, themselves, are a problem you might want to address, but the weeds (or grass) poking through them is like adding insult to injury! If you don't want to spray them with some toxic, store-bought weed killer, then research natural ways to kill weeds.
Although your real estate agent will gladly handle 99% of the marketing for your home, you can help give their efforts an important nudge by making sure your home and property always look their best!





Posted by WEICHERT, REALTORS® - Briarwood Real Estate on 8/12/2019

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If you have been looking for a way to revamp your home, an inflatable hot tub might be the spark you need. With an inflatable hot tub in your back yard, your loved ones will get the opportunity to spend quality time together and enjoy the health benefits of the bubbly water without putting a damper on your budget.

Hydrotherapy is one of the most effective ways to reduce stress, alleviate some arthritic pain, lower blood pressure and enable a more sound sleep. Adding a hot tub makes it more fun and provides you with a social centerpiece during your gatherings with friends and family. Investing in a standard hot tub may cost you a pretty penny, but you can enjoy the taste of luxury with an inflatable one. Here are some reasons why purchasing an inflatable Hot tub might be right for you!

Affordability

An Inflatable hot tub is usually cheaper than a standard, portable hot tub. You can get the basic models for as low as $200-$300. When you consider the fantastic features, such as adjustable temperature settings, size and jet speed, that come with an inflatable hot tub along with the tremendous feeling you get when you soak after a long day, you'll get more than you bargained for without the strain on your wallet.

Flexibility

Another reason to consider an inflatable hot tub is the flexibility it offers. Unlike the in-ground hot tubs, you can easily pack and store away an inflatable hot tub when you don't need it. Moving? Don't worry; it's not stressful; it will only take 30 minutes to pack it up and take it with you.

Ease of Use

Inflatable hot tubs are easy to pack, store and set up. It will take an hour or less for you to place, inflate and fill, and it requires no special equipment or tools. All you need is the right space and access to electricity, water and an air pump if one isn't already built into your hot tub.

Wonderful Experience

An Inflatable hot tub will give you the same relaxing feeling just like a standard hot tub. You can stretch, sink and let the hot water do its wonders. Although an inflatable hot tub may have its fair share of cons like being too small for large parties and having fewer jets than its permanent and stationary predecessors, its advantages far outshine its disadvantages.

Enjoy the same soothing experience you get from your standard hot tub by buying an inflatable hot tub today.





Posted by WEICHERT, REALTORS® - Briarwood Real Estate on 8/7/2019

 Saturday – August 10th

BRAINTREE – 293 Allerton Commons Ln, (12-2), Condo, $379,900

BROCKTON – Lot 6 & 13 Kelly Ln, (12-3), Colonial, $624,900/$649,900

BROCKTON – 998 N. Main St, (11-2), Bungalow, $300,000

BROCKTON – 283 West Chestnut St, (12-2), Colonial, $367,900

EASTON – 34 Scotch Dam Rd, (10-1), Lofted/Cape, Split Entry, VRP $499,900-524,900

FOXBORO – 22 Garfield St, (12-3), Colonial, VRP $589,900-$614,900

FOXBORO – 18 Glenwood St, (11-2), 2 Family, VRP, $599,900-$649,900

ROCKLAND – 7 Apple Ct, Unit 7, (11-2), Townhouse, $359,900

WEYMOUTH – 51 Broad Reach, Unit T44, Townhouse, $439,000

Sunday – August 11th

BROCKTON – 16 Anania Terrace, (group showing 12-1:30), Ranch, $279,900

BROCKTON – 111 Healey Terrace, Ranch, $279,900

EASTON – 34 Scotch Dam Rd, (12-3), Lofted Split, Split Entry, VRP $499,900-$524,900

FOXBORO – 22 Garfield St, (12-3), Colonial, VRP $589,900-$614,900

FOXBORO – 18 Glenwood St, (10-1), 2 Family, VRP, $599,900-$649,900

NEW BEDFORD – 17 Freedom Blvd, (12-3), Raised Ranch, $350,000

ROCKLAND – 159 Pleasant St, (11-2), Ranch, $339,900


Photo: 17 Freedom Blvd, New Bedford, MA


 





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