3 Tips For Buying a Home
Boston is a diverse and beautiful coastal city with wonderful job opportunities and access to high quality health care. The city also has a strong focus on education and shopping, so it isn’t surprising that over 50% of the homes in Boston are owned, rather than rented.
If you are thinking about moving to the area, you have made a great decision – but it is likely that you are feeling a little overwhelmed at the prospect of buying a new home. After all, buying a home is a long process, but if you are aware of a few things, such as homeowner’s insurance, then the process will be much easier.
Here are three smart tips to help you buy a new house.
Learn About Relevant Key Terms
The first thing that you should do is learn...
Caste Island - in South Boston
Castle Island is located on the most Eastern tip of South Boston in the City Point Neighborhood. Over the years it has become a great place to spend an afternoon by yourself, with friends or your family!
This amazing asset to our community can be reached via public transportation as well as by private car as there is an abundance of parking. It's a nearby destination to escape the bustle of the city, and to obtain great views of Boston Harbor and Logan Airport.
Sullivan's take-out only restaurant (seasonal) is housed at the base of the old fort, and is very popular with the local residents. Over the years they have amassed a following with a crowd always forming for their first opening of the year. At Sullivan’s they have a menu that is sure to satisfy every diner as they have everything from Fried Clams to hot dogs and Ice Cream.
One of the best features of Castle Island is the crescent-shaped path that stretches out into Boston Harbor and creates an artificial pond known as Pleasure Bay. Many joggers and pedestrians enjoy walking the entire length of the byway, all the way around back to Day Boulevard and the parking lot (about 1 mile)....
Boston Real Estate Market is Setting Records in 2018 Despite Low Inventory Levels
Single-family properties and condos in Cohasset, Medford, and Boston homes for sale are going like hotcakes due to the lack of inventory in the local real estate market. 2018 is something like a carbon copy of last year with single homes selling for a median of over $900,000 says the Boston Globe.
This figure is a record for this home type in the area. Condos and Brownstones saw increases in median sales too, but these numbers are likely a direct result of fewer properties for sale. Several new developments in downtown Boston and Cambridge will help ease the strain on buyers, but for now, the market is a seller's paradise with multiple offers and higher asking prices becoming the trend. The city is growing and expanding with more people settling in neighborhoods around the city like Winthrop and Brookline to work at the new Amazon headquarters.
Real estate agents in Hingham, MA find that homes are not staying on the market
The Boston Globe says that with under 10,000 single family homes available for purchase, they are seeing condos...
Dining in Medford
About five years ago when my wife and I moved to the city of Medford MA, we were not yet familiar with what Medford had to offer in the way of dining.
After looking for homes for sale, we settled on Medford. Conveniently located just 5 miles away from downtown Boston with easy access to the city via the Orange Line and Commuter Rail, we tended to head into the Back Bay and South End when we had and urge to dine-out.
REAL ESTATE IN MEDFORD
Medord MA has had solid real estate growth over the years. With an easy commute to Boston, Medford is expected to have addtional growth if Amazon chooses Boston as its new home. We anticipate the already low inventory in Boston proper to have a positive effect on the surrounding areas.
Fish Out of Water
Then came the dreaded winter of 2015. Both my wife and I had spent our adult lives as city condo
owners. Needless to say our first foray into homeownership (no snow removal in the HOA fees) had us looking like fish out of water.
My wife was pregnant at the time and unable...
The Beaches of Cohasset MA
Living in a town nestled on the ocean has it perks. It wasn’t too long ago that my wife and I were planning to meet after work at the Beach. The problem is we didn’t clarify which beach to meet at. These are some of the issues you must deal with when you live in Cohasset. You must be specific which beach you are headed to.
Although there are many things to do in Cohasset, enjoying the beaches is on the top of the list for most residents. In town we have two beaches that are open to Cohasset Residents to use. Sandy Beach and Black Rock "Rocky” Beach are our little slices of heaven, but while both are beaches… They both have very different personalities!
While we don’t get points for creativity for the beach names, they are both beautiful and amazing in their own right. Black Rock Beach is located at the intersection of Forest Avenue and Jerusalem Road. While Rocky, Black Rock Beach is a fun beach to sit back and relax on as well as explore. With the roll in and out of tides, the landscape is constantly changing offering opportunities for tide pools to play in and sand glass to discover. Other favorite activities are fishing from the rocks and swimming. The makeup of the beach is constantly changing with each storm that passes through, so there is always something to discover at this Cohasset gem!
Parking for Black Rock Beach can be a little challenging during the peak season. In order to park, you must have a ...
Living in the Boston area means that your home is highly desirable when it comes time to sell, but this region tends to stay a buyer's market longer because all the homes are in demand year round. In order to attract qualified buyers and get your full selling price, it is important to stage the house correctly.
These are some tips from local Boston real estate agents that will help when you are selling your home:
Increasing the Curb Appeal
With so much in the way of inventory available for those buying a home, curb appeal is the key to getting them to consider your home. Your realtor can put you in touch with a landscaping crew that can plant flowers, trim hedges, mulch around trees, maintain the lawn, and ensure your property has maximum appeal.
Be sure to call a professional power washing crew that can give new life to the exterior of the home, the fence, the patio and deck, the sidewalks, and the driveway, easily removing tree sap, bird droppings, and other debris.
Fixing Any Minor Repairs
The time to make all repairs in the house is long before the first potential buyers come walking through. The key to staging is to leave that positive lasting impression on the potential buyer, so that once they leave, they start imagining themselves living in that space. If they notice the sink is leaking, the window was broken, a door is off the hinges, they will focus on that issue and it might be just...
Tech Companies are Coming
The sweepstakes for Amazon’s second headquarters has included cities from Denver, CO to Columbus, OH. Whichever city is chosen will also be winning a massive bump in the real estate market in the entire metro area. Amazon, like most technology companies, is looking for three main things. A young, educated workforce, great city life, and tax breaks. Even with heavy competition, Boston is looking like a front-runner right now. The latest example is Amazon’s acquisition last week of Sqrrl, which is a Cambridge based technology company.
By making this purchase, Amazon is showing us how much interest they have in setting up shop in the area. This startup, which is now a part of Amazon Web Services, could be Amazon’s way of testing the city as a place for their employees to live and work. One thing that will definitely be put to the test is the real estate market, which is already loaded with high-quality potential buyers that work for major companies like General Electric and New Balance, which have regional headquarters here.
What This Means for the Housing Market
In short – it’s hot and getting hotter. Prices are already at an all time-high for the market, with the Greater Boston Association of Realtors reporting inventory and days on the market both being down...
Will Boston be Amazon's New Home?
What Would The Effects Be On The Real Estate Market?
Amazon is the world's largest online retailer with the main corporate office in Seattle, WA. The company has announced that they have outgrown their Seattle office and have plans and money invested in expanding their offices in many American cities but despite the expansion, they are looking for a second headquarters on the east coast. Many cities have been rumored to be in the mix including Chicago and Atlanta, but based on the company's recent real estate inquiry in Boston, MA might be evidence that they are looking to put their new headquarters in Bean Town.
The piece of Boston real estate in question is a 500,000 square foot office building in the newly developed Seaport Square area. It is said that there is also an option for a second, equally sized office building in the same area. Their expansion plan also included details on a planned expansion of up to 8 million square feet within the next 15 years. What does this mean for the city and the state of Massachusetts?
Positive Impacts if Amazon Comes to Boston
Having a multi-billion dollar corporation make their second home in a city can be incredibly beneficial. With a new business in town the size of Amazon, thousands of new high-paying jobs are created. An investment by a city this large can certainly add to the economy. Having large corporations base themselves in large cities can lure other big businesses to the city, exponentially increasing the job market.
With new business comes new employees that have moved into the...
Cohasset MA Home Buyers and Sellers Should Know this Law
Are the days of the written contract coming to an end? As email and texts take over as our primary method of communications in real estate negotiations, it seemed a matter of course that the Massachusetts courts would be faced with the question as to whether and to what extent an email and text constitute a binding and enforceable agreement in the purchase and selling of real estate.
In a ground-breaking case in April 2016, Land Court Justice Robert Foster ruled that in some instances text messages can be used to form a binding contract in Massachusetts real estate negotiations, which of course includes homes for sale in Cohasset
The ruling determined that even if a formal offer has not been signed by the seller, if certain language is use, that a text message can be used as formal communication to bind one to a real estate
contract or agreement. The results of the case was a huge wake-up call for part of the industry who would rather leave text messaging under the category of "informal" and believe that these types of informal, electronic communications should not be legally binding when negotiating real estate contracts.
QUESTIONS AND ANSWERS FOR FIRST TIME BUYERS
Buying a first home, a second one or even a retirement home is an exciting opportunity. It can, however, get complicated if you don't choose carefully.
At any one time there are millions of homes for sale available in the market and it is important to think about what you want so that you can avoid making costly mistakes. Many people, especially if they are buying for the first time, will get so excited that they buy the first home that they come across only to find out later that they don't like it so much. Only then it is too late and they have sunk thousands of dollars in it while owing hundreds of thousands more.
First time buyers should ask the following questions before they commit:
Do I have enough money saved up?
Your lender will require you to put down a down payment before he can give you the money for the full purchase of the home. Depending on the type of loan, different down payments are required. Traditionally, to purchase a home you needed 20% or more for a down payment.
Today, there are many options. If you are a veteran, the ...
THE ESSENTIAL GUIDE FOR MOVING TO QUINCY MA
Quincy is the largest city in Norfolk County, Massachusetts. It is considered a suburb of South Boston and is part of the Greater Boston Metropolitan Area. As the 8th-largest city in Massachusetts, Quincy is a historic town and is known as the "City of Presidents" because it is the birthplace of two of our American presidents - John Adams and his son, John Quincy Adams. It is also the birthplace of John Hancock who was the first signer of the Declaration of Independence. If you are thinking about moving to Quincy, her is some information that should be of true value:
Buying a Home in Quincy
There are many options when buying a home in Quincy. In fact, the area is blanketed by several historic neighborhoods with traditional brownstones and one to two-story homes. Quincy is known for its tree-lined streets, schools, and fine commercial establishments and restaurants. Quincy real estate also features several apartment buildings and complexes, as well as co-op units, sub-lets and much more.
According to recent real-estate figures and stats, the median home value in Quincy ranges from $420,000 to $490,000. In fact, home values in the area have gone up 3.7% within the past...
Selling Your Quincy MA Home
The Quincy real estate market is on fire! With people moving out of Boston, but wanting to live close enough to commute for work, coupled with Quincy's great schools, has driven the property values in Quincy up and the demand for housing in Quincy is strong.
As of the time of this article, Quincy only had 50 active homes for sale with the average Days on Market being just over 60. The Median List Price of a home for sale in Quincy is just over $330,000. When you compare these market statistics to homes in Boston, you can see why the Quincy real estate market is so strong.
Although the demand for housing in Quincy is strong, getting your home sold for top dollar still requires a strategy. Needless to say, we won't be able to cover every step in getting your home sold, we will cover some of the basics required for getting your top dollar for your Quincy home.
Pre-Listing Due Diligence
Prior to listing your home in the MLS - you will want to complete the pre-listing due diligence. This included looking at a variety of real estate statistics relative to your Quincy home. This process requires MLS access to get an idea of what similar homes have been selling for as well as looking at the overall climate...
The New Tax Bill and Home Ownership
For years, the real-estate industry has strongly benefitted from generous tax deductions. These deductions raised home values by making it cost-affordable for people to own properties and become home owners.
The current tax code also allowed them to shoulder their local taxes across the board. However, with the Republican's new tax bill underway in Congress - the real estate industry is deeply worried that the fallout will harm the real estate market by making home ownership less valuable.
Updated! The Tax Bill Has Passed
Scroll down to the bottom of the post to see what the effects of final versions of the tax bill (currently waiting on the Presidents signature) will have on homeowners.
What will happen to those homeowner deductions that the industry has relied so heavily upon in past decades? The new tax bill has sent real-estate organizations, such as the National Association of REALTORS, into a frenzy across the nation. So much so that they are calling legislators, lobbying congress and pushing a call to action for their REALTOR members to do the same. All warning their members, clients and general public about the danger of the current tax bill. It is also important to note that NAR (National Association of REALTORS) has the single largest PAC (Political Action Committee) in the country.
Similarly, their supporters and proponents are staging mass protests - in an all out effort to keep homeowners as a favored class...
Home Appraisals and How they Work
When you are refinancing your old mortgage, purchasing a home in Quincy or anywhere else with a mortgage, or even selling your home to someone who is not an all-cash buyer, home appraisal becomes one of the most crucial parts of such a transaction.
It doesn't matter who you are; owner, buyer, or seller, it is very important to understand how the process of appraisal operates and what methods the appraiser uses to come up with the value of the home.
What is a Home Appraisal?
A home appraisal can be defined as an unswayed approximation of the fair market or real value of what a house is worth. During the process of a aquiring a mortgage mortgage, all lenders are supposed to order an appraisal on the subject property. This is done to create an objective means of assessing the market value of a home and make sure that the amount of money that the borrower has requested is appropriate.
A house appraisal contains a number of things, but key in them are the latest sales information of other properties in the area that are similar, the property's location, the current state of the house, and other insights that affect the value of the property.
The Difference Between Home Appraisal and Home Inspection
Home inspections have been confused with home appraisals for a long time even though they aren't related, an appraiser and an inspector seem to be doing similar duties. Both of them will walk around the property and observe it carefully,...
Listing Your Home to SELL
You have decided to list your Boston home with an agent of your choosing, and they are recommending a “commission” fee of 6-7%. The “commission” is what REALTOR’s® consider the “Marketing Fee” to list the property. As the seller, you want to net as much as possible at closing, so the Marketing Fee is important for you to factor in. Keep in mind, you get what you pay for.
The Legality of Negotiating
There are several reasons why the Marketing Fee is negotiable. The most important reason, is this it is illegal for real estate brokerages to collude together and charge a "standard" commission rate. This is to protect the consumer.
Each Market is Different
Your REALTOR® will know the market standard. An important factor in listing a property is not to go below the Marketing Fee average for the area. Each area surrounding Boston will have some sort of an average. Those averages may differ if you are selling your home in Hingham, Cohasset or Weymouth.
Zillow for Boston MA
How Accurate is Zillow for the Greater Boston Area
The internet has changed the way home buyers find homes for sale. On average, people buy or sell their real estate in Boston about every 8 years. The length of time between real estate transactions coupled with the rapid changes in online real estate creates a lot of misinformation on how real estate listings get displayed online. It's easy to understand how many people looking to see all of the homes for sale in Boston think they need to go to a 3rd party real estate website such as Zillow. Truth is, even by Zillow’s own statistics, there Zestimate is off by more that 5% more than 50% of the time in Suffolk County.
Zillow for Boston MA
Zillow has used their huge marketing budget to position themselves as the dominant authority in online real estate. Although Zillow comes up on page one of Google for the terms “Boston homes for sale” and “Boston real estate” Does that mean they are the best way to find all of the homes for sale in Boston MA?
- Does Zillow show all of the current Active and Sold listings in Boston MA?
- Are the Zestimates provided by Zillow on Boston properties accurate?
- Should you be using Zillow to search for homes for sale in Boston MA
The Real Estate Market in Hingham MA
With the year coming to a close it’s easy to see how the Hingham real estate market has fared. And year to date, it has been a great one!
As of the end of the 3rd quarter there were 99 single family homes on the market with an average asking price of $1.273m. This is an increase in the supply by 10 houses over last year at the same time with a decrease in the average sale price over the same period of time. The single family homes on the market at the end of September in 2016 had an average asking price of $1.317m.
In the first 3 quarters in 2017 there were 191 houses sold. A figures which is nearly unchanged from the 190 homes in Hingham that were sold by this time in 2016. There was a 14.2% year over year increase in the average home sales price which is currently at $959,032 in 2017 vs. $823,652 in the first 9 months of 2016.
Market Trends in Hingham
Current market trends for 2017 put seller’s average asking price at $993,873 vs. the $850,276 in 2016. The average days on market saw a drastic decrease from 83 days on market in 2016 to 65 days on the market for the first 3 quarters of 2017. The list to sale price ratio saw a slight decrease to 96.49% in 2017 vs. the 96.86% in 2016.
Hingham Real Estate Statistics
Back Bay Brownstones for Sale in the Greater Boston Area
Brownstones are essentially townhomes found in the New York City and Boston real estate markets. These lavish and elegant properties can also be found across New England and other urban areas.
Known for their reddish-brownish brick exteriors, Boston brownstones offer a combination of fine home and apartment living. The units are considered row houses - and are constructed from brownstone and other durable materials.
Each brownstone townhome features shared walls and a uniform outside appearance. They are almost always multiple stories tall - but rarely go higher than four stories.
Brownstones also have flat roofs - which may or may not include gardens and decks. The property line for most brownstones usually goes up as close to the street as well.
Back Bay Brownstones in Boston
Back Bay Brownstones in Boston continue to soar in popularity. In fact, these neighborhoods are some of the most desirable areas across the nation. With traditional and vintage to contemporary doors, Boston Brownstones feature unique architectural elements and highly visible windows.
Nearly all Boston brownstones also have cozy fireplaces, spacious closets and ample storage room. These units also offer more space than...
About Hingham MA
Hingham, MA provides a convenient location for those looking to live in the Boston area, but not in the big city. It's a small town with a quaint feel and plenty of history. There are plenty of things to do, places to see and the shopping is some of the best in the South Shore area. Living here provides the opportunity to enjoy the big city amenities with a small town, quiet atmosphere to call home.
Get To Know Hingham MA
As a part of the metropolitan Greater Boston area, Hingham is located on the South Shore in Plymouth County. It's home to around 23,000 residents and provides a deep colonial history.
Hingham MA is found along the Boston Harbor and Hingham Bay leads to a harbor, as well. Weir River separates the town from Hull and many other rivers and ponds are found throughout. The town also includes a public beach along the harbor and a marina along Weymouth Back River.
One of the main features of the area is Wampatuck State Park, which actually spreads into Norwell, Cohasset and Scituate. Many other conservation areas are also found throughout Hingham including a portion of the Boston Harbor Islands National Recreation Area including Langlee Island, Sarah Island, Bumpkin Island, Button Island and Ragged Island.
History of Hingham MA
Known as Bare Cove when it was first settled, Hingham was colonized by the English back in 1633. Two years later it was incorporated and became the town of Hingham. Until 1803, the town was a part of Suffolk County, but became a part of Plymouth County in 1803. In 1770, the eastern portion of the town split off and is now known as Cohasset. ...