Monday, September 18, 2017

Who's Buying Houses in Stow?


Stow is one of the most beautiful towns west of Boston and the video above shows three properties that my buyer clients including first-time buyers, move-up buyers, and active adults/55+ purchased over the summer.

So what did they buy in Stow? The first home shown, a classic 4 bedroom colonial-style, was purchased by first-time buyers who wanted quiet and privacy and land. They were happy to trade off granite counters and stainless steel appliances for a quiet location and a gorgeous acre lot!
The house needs some updating but the purchase price was under-budget and they are willing and able to do some work to have a place they can call home for many years to come!

The second photo is a new development for seniors/55+ that includes attached and detached townhouses with first-floors master suites, full basements, and 2 car-garages. The buyers are moving to Stow to be closer to their grandchildren in Concord. They are happy to have their own buyer agent helping navigate the buying process and help them get to know the area. More about buyer agency for new construction...

The third house is nicely updated expanded split-level home also on an acre lot with a gorgeous backyard. These move-up buyers who sold their townhouse in Maynard were willing to trade a neighborhood location for a more main road to get the amount of interior space and outdoor area they want for entertaining fiends and family!

Homes for Sale in Stow: There are 19 single-family houses for sale in Stow; last year there were 24 for sale. List prices in Stow range from $349,000 to $1,200,000. Lower inventory is putting upward pressure on prices in Stow but there are still some good values available. The median list price for a single-family home is currently $699,000; last year it was $582,400.

The median home sale price for a single-family home in Stow has gone up 14.91% since 2013!  See the most recent market report for Stow. 


With it's abundant apple orchards, farm stands, and golf courses, Stow is a very popular place for people to visit in the Fall. If you've been in your house for 5 or more years and are thinking about selling traffic will be peaking soon so let's talk - 508-596-3501.

Perfect Fall Day in Stow  - October 2016!
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About the author: Marilyn Messenger, a licensed broker, Certified Residential Specialist, Accredited Buyer Representative, Certified Luxury Homes Specialist and Million Dollar Guild Member associated with Andrew Mitchell and Company, has been representing buyers and sellers  in Stow, Maynard, Concord, Sudbury, Wayland & west of Boston since 1993.

Thursday, August 03, 2017

Are You Qualified to Sell [Your House]?

Are You Qualified to Sell?

Most people think that being qualified is for home buyers and that it means being pre-approved for a mortgage. Being qualified is not just for buyers, sellers also need to be qualified! 

Sure, anyone who owns a property can sell it (assuming there are no legal restrictions) but owning a property does not make for a “qualified” seller. In real estate, the definition of qualified is “ready, willing, and able.” Buyers and sellers both need to be ready, willing, and able; that means financially, logistically and emotionally. 

Here are some questions to answer to determine if you are qualified to sell:
1.   Do you have enough equity in your house to cover closing and moving costs or else have enough cash to bring to the closing table? 

2.  
Are you and everyone involved committed to selling? Do your spouse and/or children want to move? Do you have adult children who have their own ideas about the house and what you should be doing? 

3.   
Is your house ready to go on the market? Has it been de-cluttered with everything in working condition, fixed or replaced, fresh paint, refinished floors, lighting, landscaping, etc., with updates that will appeal to today’s buyers?

4.  
If you plan to sell “as is” and are you willing to reflect that in your list price?

5.  
Do you have a place to go when you sell? 

6.    Do you have the money/financing to buy a new property before you close on your current home?

7.   If you need to sell before you can buy, is temporary housing a realistic option for you, your family, pets…until you can find the right home? Inventory is really tight right now, it could take a while.

8.   
Are you willing and able to make some compromises/trade-offs?

9.     
Do you have a realistic understanding of the current market and will you listen to feedback? 

10.  
Are you ready to detach yourself from the memories you made in the house?

Selling your home is a lot of work and can certainly be stressful. Making sure you are qualified/ready, willing and able will make the process easier and result in a better outcome for everyone involved!

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Marilyn Messenger is a licensed real estate broker, Certified Residential Specialist, and Certified
Luxury Homes Marketing specialist associated with Andrew Mitchell and Company. With 24+ years of experience in Concord, Sudbury, Wayland, Maynard, Stow and the towns west of Boston, Marilyn will make the selling and/or buying process efficient and cost effective for you. Visit http://www.MarilynMessenger.com for more.

Sold in Sudbury
Sold in Concord
Sold - Deer Hedge Run Townhouse in Maynard
Deer Hedge Run Maynard
Happy Sellers! This Could Be You!
   

Friday, July 28, 2017

Concord MA - Median Home Prices Up for 2017

Concord MA - Single-family Median Prices - 5 years

As in most towns and cities in Massachusetts and throughout the U.S, the residential real estate market in Concord is setting new records for median home prices!
Here is the latest market data for Concord:
Homes for Sale 7/7/2017: There are 88 single-family properties for sale in Concord; last year at the same time there were 97. List prices on in Concord range from $483,880 to $8,950,000; the median list price is $1,477,450. The median list price last year in Concord was $1,398,000. Luxury home buyers have a variety of options in Concord and with the time on the market in excess of 6 months in many cases, some of these home sellers may be ready to negotiate.  See all of the properties for sale in Concord.

Concord - Listing Units 2017/2016 as of 6-30-17

Condominiums for Sale: Concord offers a variety of condo styles including garden-apartment, townhouses, new construction, duplexes, and detached single-family homes; some are age restricted for seniors over 55. There are currently 9 condominiums units for sale in Concord; last year at this time there were 16. Prices ranges for condominiums in Concord range from $318,000 to $$1,099,000; the median list price is $465,000, last year it was $874,500.

Pending Sales: There are currently 52 single-family homes with sales pending and three that have accepted offers and are being shown until contingencies are met.

June Closed Sales: There were 20 closed sales in June 2017, down from 33 in June 2016. Not surprising, the median sale price of $1,399,475 was higher than in June 2016 when it was $1,249,900.

Concord - 12 Months Activity - Single-family - 6-30-2017

Check out the latest reports as of 6-30-2017 from MLSPIN:
including data year-over-year, and five year comparisons for single-family homes. Please contact me for additional information about condominiums. Remember, every home and every client is different so it is important to understand the similarities and differences when you are planning to sell, buy or both.|
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Want to know more? Call me at 508-596-3501 or
Easy home searches
See homes for sale in Concord
Request a free home valuation report
Click here for the latest market reports for Sudbury, Wayland, Maynard, and Stow.

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About the author: Marilyn Messenger is Certified Residential Specialist, Accredited Buyer Representative, a Certified Luxury Homes Marketing Specialist and Million Dollar Guild member associated with Andrew Mitchell and Company in Concord MA. She has been representing buyers and sellers in the towns west of Boston since 1993. Click here to see what her clients say.


Saturday, April 29, 2017

Permits Matter!

True story - my client is in the process of buying a home, no easy feat in this crazy spring market, and just as the attorneys were putting the finishing touches on the Purchase and Sale agreement (MA is an attorney state), the buyer called the town building department to make sure permits were on file for all of the nice improvements the seller had made to the house.

Guess what? The 2015 roof did not have one, and the signing of the documents had to be delayed. While it will be taken care of, who needs the extra stress of a delay?

Whether you're doing some renovating or adding an addition or deck, replacing appliances or systems, make sure the contractor pulls a permit and that the inspector from the town signs off after the work is done. It's very easy to find out if one is needed; towns have the information about permits on their web sites or you can call the building inspector.

Most people don't think about it. They assume that their contractor will take care of everything and especially because most include the cost of a permit in their quote.
Unfortunately, contractors often do not follow through with applying for the permit(s) and scheduling the inspection after. Whether it's a lack of time, or someone just forgets to do their job, the bottom line is that permits are important for your protection, protection of the town, and the protection of future owners.

When you sell your house, if a home inspector sees a problem and there is no permit on file, even though it's not your fault, it raises suspicion that will ultimately cost you; buyers will question what else is wrong or missing and start looking for reasons to reduce the price! This has happened to many of my clients who paid top dollar to reputable contractors who never followed through on the permit.

Advice to homeowners and sellers: ask the contractor when the inspector from the town will be coming by to sign off on the work done. If they can't answer, make sure you follow up with the contractor. Or, you can call the inspector yourself then you know it will be done. It will save you money and stress. Enjoy your new home improvements!
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About the author: Marilyn Messenger, CRS has been representing buyers and sellers west of Boston for 23 years. Having attended 100s of home inspections, she knows first-hand how important building permits are to the home buying and selling process. You can reach Marilyn at 508-596-3501 or visit www.MarilynMessenger.com for buyer and seller information, free home searches, and market conditions reports for Concord, Maynard, Wayland, Sudbury, and the towns west of Boston.






Sunday, March 26, 2017

Townhouse in Maynard MA - 11 Oak Ridge Drive Unit 6


    

Perfect for first-time home-buyers, down-sizers, or anyone looking for easy living in a great location! You'll love the private location and move-in ready condition of this 4-level townhouse at Oak Ridge. Open first-floor layout includes a maple/stainless kitchen and adjacent dining room with sliders to a deck where you'll enjoy beautiful wooded views, afternoon sun. The second floor has two spacious bedrooms with generous closets, a linen closet and a full bath with cherry cabinetry, double-sinks. The finished third floor loft with a wood-burning fireplace is perfect for an office, playroom, or private getaway space. Semi-finished lower-level walk-out is ready for your completion. Trane brand gas furnace and air-conditioning, replacement windows, 2015 roof.  MORE...

Bordered by Concord, Sudbury, Acton, and Stow, Maynard is located approx. 25 NW of Boston; an easy commuter location to Waltham, Cambridge, Boston, and west to Route 495. The variety of specialty shops and restaurants, the Fine Arts Place movie theater, library, Art Space, community theater, parks, walking track, farmer's market, Erickson's Ice Cream, golf club, the Assebet River Rail Trail, and the newly designated Maynard Cultural District make Maynard the place you'll want to call home. 

If you haven't been to Maynard, come see what you're missing! And, if you would like to live in Maynard, check out homes for sale at www.MarilynMessenger.com or contact me to arrange a time to talk marilynmessenger@realtor.com

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