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After You Move In

Remodeling Slideshows for Kitchens, Baths, and others!

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Sept. 28, 2016

Real Estate Sales for Upton, MA - Home Sales and Real Estate Market Report (September, 2016)

The Upton Homes For Sale Market Report

After a surprising price stall as part of last year, Upton buyers are rushing in and pushing up prices in Upton, one of the best values around.  Prices have moved sharply higher, and sellers have kept pace with asking prices, showing more optimism.  Not much inventory means things could move quickly, and further up.

Can’t see the chart? You can find it Here .

What should active home buyers do in Upton ?

Active home buyers still have some choices, and the market isn't moving as fast as some others, but watch the prices - things are moving up fast.  The home sellers aren't being shy either - with prices moving up just as fast.  Like Northbridge, there's new construction in Upton, that usually adds some time to the market data, making it look slower than it is. 

Find Your Next Home or Check out the Competition!

What should potential home sellers do in Upton ?

Upton MA Houses For Sale and Sold Market Statistics - MLS Data

  • The Upton “Home Seller Index” (HSI): 128 Last Report:120
  • There are 33 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 80 houses sold, and 56 homes sold in the last 3 months in Upton.
  • The Average number of Days on Market was 50 days for recently SOLD homes.
  • There is an Average Market Time of 93 days of the Upton homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged $196 (vs.$188 in the last report)
  • Current home sellers are looking for $ 223 /sq foot
  • There was an Average Sold Price of $472,912 .
  • Upton , MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Posted in Upton, Ma
Sept. 24, 2016

Signing Leases: Top 20 Things to Know

Here are some tips for both Landlords and Tenants. These are good tips for any state, except were noted as Massachusetts Only.

 

Top 10 Lease Tips for Landlords or Lessors

Landlords Need to Know

the Law.

  1. Know your lease!  You can get copies of standard lease forms everywhere.  But have you read it?  Do you know your rights and obligations?  Make sure you do.
  2. Make sure the Term works.  Most leases are for a year.  But they don't have to be.  If you have a tenant moving in December, and if December is a crummy month to have leave because it's so hard to get someone else, short the lease or lengthen it a few months to get the roll-over closer to peak time. Most tenants prefer peak time rollover also- the more options for new rentals. Less vacancy is better for you.  Similarly, don't have all three leases in your three unit building run out at the same time - you could create a situation where you're not getting any income.
  3. Collect as much deposits as you can under your state law.  In Massachusetts, you can collect first month, last month, and one month as security deposit.  There are LOTS of rules around keeping track of, paying interest on, and collecting all of them, so see #1 and I recommend discussing with an attorney some basic elements to protect yourself.  The reason you should collect all those deposits?  Financially better tenants have the cash -up front - and won't quibble, so it's a useful initial screen. Further, tenants are much better behaved with that deposit in escrow.  
  4. I recommend putting together fee addendum for common damages.  When you need to collect a deposit, it's a lot easier if you say "I told you so" right up front.  Items like "re-painting a wall: $100" and "nail-hole replacement: $25" will help explain to the tenant what costs what, and, more importantly, will protect you in court. Nothing like having a signature on a disclosure document!
  5. Be clear about late fees.  Also a good item in the addendum.  Be wary, Mass state law is tricky on this issue, I bet other states are as well.
  6. Never sign a lease until you've qualified the tenant to your satisfaction.  You can't un-sign it.
  7. Never take a Nickle until you've qualified the tenant to your satisfaction.  Holding a deposit could be construed as an implied promise to rent, because that's what it is.  In addition, if you take advance deposits, you should have paperwork that indicates what it is for, and under what conditions the deposit may be refunded.
  8. This is obvious, but, Qualify your tenants.  Call their last landlord, their boss, validate their work e-mails and phone numbers, run their credit, and it can't hurt to do criminal checks in some cases.  Most tenants who are good have no issues with any of this.  I'm not saying not to rent to people with bad credit either - credit is just one part of a persons ability to pay rent.  Examine the whole tenant.
  9. Make sure you have a list of everyone who is living there, and all their ages.  Make sure they are aware they can not make changes without your consent.  
  10. Don't violate the lead paint law.  That's a good way to get someone hurt and lose YOUR house.

 

Top 10 Lease Tips for Tenants or Lessee

  1. Know your lease!  Read your lease and all addendums.
  2. Learn the law!  You had to learn the rules of the road before you got your license, you should do the same about landlord / tenant relationship.  Most tenants I talk to know very little about their rights, and that puts them at a disadvantage.
  3. A lease is a contract - and you have to perform your end of it.  That means paying on time, and taking care of the property.  It's not yours, it's someone else's property. If you don't treat it that way, you're going to be on the wrong end of an expensive stick.
  4. Don't be a "vigilante" tenant.  Two wrongs don't make a right.  If you have a complaint, there are ways in every state to keep your landlord on the straight and narrow.  Damaging the property or withholding rent is usually a good way to get yourself in trouble, and create problems, not solve them.
  5. Understand the pet policy, especially if you have one.  Pets are commonly sources of income for landlords, so be aware of that.
  6. Get heating bills and other utility bills.  Some units look cheap - till you try to heat or cool them!  Then they end up being expensive.  Make sure you have a good idea what your unit will really cost.
  7. Complete privacy is not an option.  It's not your house, so you need to know the landlord will come by from time to time to check out his property - and check up on you.
  8. Report problems promptly, and do so in writing as well.  E-mail is a great way to make sure that you have a paper trail of complaints.
  9. Watch for hidden fees - if there are fees spelled out in the lease, they may not be able to charge you fees for infractions later.  Especially important when renting out condos.
  10. Be Upfront: If you're going to have trouble making payments, talk to your landlord.  Waiting for him to call you and ask about rent is a good way to get yourself an eviction notice and some open hostility.

 

 

 

Do Good Things Today!

Matt Heisler

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Sept. 9, 2016

Real Estate Sales for Southborough, MA - Home Sales and Real Estate Market Report (September, 2016)

 

The Southborough Homes For Sale Market Report

For whatever reason, the prices buyers are paying in Southborough has remained markedly steady over the last few quarters.  After a sprout of optimism late last year, seller have come down to meet the market, and have stayed there.

Can’t see the chart? You can find it Here .

I would think that this means Southborough is due to go on a little run, and with so little inventory kicking around, it may.  Also, rising prices in Northborough, Westborough and Hopkinton are going to put pressure on the Southborough, and that's bad for buyers in the future.

 

What should active home buyers do in Southborough ?

Right now, things are stable for buyers, and if the next leg is up, home buyers should keep a close eye on the town.  Things may look expensive, but I think Southborough is headed up next year, so that bodes well.  Sellers have not been on the market very long, and they aren't collectively asking too much, so  buyers can be aggressive here.

Search for Your Next Home or Check out the Competition!

What should potential home sellers do in Southborough ?

Home sellers should be wary of stretching the market this fall.  Although inventory is thin, you'll need the right house to do that strategy.  Buyers are currently price sensitive here, and so reaching just means you'll turn away some of your best prospects, and prolong a marketing cycle when you don't need to.

Southborough Houses For Sale and Sold Market Statistics - MLS Data

  • The Southborough “Home Seller Index” (HSI): 154 Last Report: 160
  • There are 35 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 93 houses sold, and 61 homes sold in the last 3 months in Southborough.
  • The Average number of Days on Market was 56 days for recently SOLD homes.
  • There is an Average Market Time of 108 days of the Southborough homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged $224 (vs. $224 in the last report)
  • Current home sellers are looking for $ 226 /sq foot
  • There was an Average Sold Price of $601,271 .
  • Southborough , MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Posted in Southborough, MA
Sept. 8, 2016

Real Estate Sales for Shrewsbury, MA - Home Sales and Real Estate Market Report (September, 2016)

The Shrewsbury Homes For Sale Market Report

Shrewsbury home sellers came down to meet the market  - some more forcibly than others - as there were a lot of appraisal issues this spring in Shrewsbury.  Demand was strong, but rational - as buyers demanded fair prices for properties with problems.  Right now, buyers and sellers remain close in expectations, and inventory is starting to move off the lows.

Can’t see the chart? You can find it Here .

What should active home buyers do in Shrewsbury?

Active home buyers are going to find a competitive market, where the best properties sell quickly and there are often multiple bidders.  Properties with lot issues, or condition issues are not moving as quickly.  The market is very good though, and buyers need to make decisions fast, and be aware of the price levels in their segment.

Find Your Next Home or Check out the Competition!

What should potential home sellers do in Shrewsbury ?

Home sellers don't have to work hard for a lot of traffic.  If they reach too far above established price levels, they will find a sharp drop off in activity - and may find price changes are needed sooner rather than later.  Currently, home sellers have been on an average of 121 days - a long time in a hot market - showing that the sellers that have not sold are pretty stubborn, and are choosing to wait for the market to come up, instead of moving prices down to where the buyers want to be. 

Shrewsbury Houses For Sale and Sold Market Statistics - MLS Data

  • The Shrewsbury “Home Seller Index” (HSI): 179 Last Report: 165
  • There are 99 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 287 houses sold, and 215 homes sold in the last 3 months in Shrewsbury.
  • The Average number of Days on Market was 42 days for recently SOLD homes.
  • There is an Average Market Time of 121 days of the Shrewsbury homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged 206 (vs. 205 in the last report)
  • Current home sellers are looking for $ 213 /sq foot
  • There was an Average Sold Price of $458,925 .
  • Shrewsbury , MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Posted in Shrewsbury MA
Sept. 7, 2016

Real Estate Sales for Northbridge, MA - Home Sales and Real Estate Market Report (September, 2016)

The Northbridge Homes For Sale Market Report

Northbridge is seeing some real price appreciation, as the market tightens.  Although as always, there's a lot of new construction mixed in the data, we're seeing prices start to move upward, and sellers are holding steady right above the market.

Can’t see the chart? You can find it Here .

What should active home buyers do in Northbridge ?

Home buyers will find a market that has some choices - but not many.  Inventory has been cut in half since we started tracking, and the builders no longer have huge surpluses  - and little standing inventory.  All in all, it's certainly not the toughest town to find a home, but it has gotten tougher.

Find Your Next Home or Check out the Competition!

What should potential home sellers do in Northbridge ?

Home sellers should make sure their property is looking it's best.  There's still enough competition that not everything is selling.  Houses in tougher locations or poor floor plans will need to really go the extra mile to make sure they can move quickly in this market.  Homes that are outside the new construction price ranges will see a little more urgency - as there are fewer choices for home buyers.

Northbridge Houses For Sale and Sold Market Statistics - MLS Data

  • The Northbridge “Home Seller Index” (HSI): 152 Last Report:114
  • There are 49 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 140 houses sold, and 105 homes sold in the last 3 months in Northbridge.
  • The Average number of Days on Market was 70 days for recently SOLD homes.
  • There is an Average Market Time of 143 days of the Northbridge homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged  165 (vs.162 in the last report)
  • Current home sellers are looking for $ 170 /sq. foot
  • There was an Average Sold Price of $ $321,681 .
  • Northbridge , MA, has 2 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Posted in Northbridge MA
Sept. 6, 2016

Top 10 Things To Know About Condos

What you should Know Before Making an Offer on that Condominium.

Here's my top 10 list for what you should know when researching condos.

The fee isn't all bad! Here's what you might get:

I know, I know, everyone hates condo fees.  But much of the fee often goes to things that you might have to pay anyway, or go to amenities that everyone can share on group savings discount.  Usually less than 10% of the fee goes to overhead  - and the rest goes to the complex.  For example, a typical fee might be $300 a month - or $3600 a year. Where might that $3600 go? Let's see.

Landscaping: $250

Plowing: $250

Insurance: $300

Trash: $300

Water/sewer: $1200

Capital Reserve (future expenses, roof, etc.) : $400

Right there, you've got about $2700 of expenses, most of which you've either got to do or purchase yourself if you have a single family home.  Trust me, a snow blower ($900) and lawnmower ($400) and home owners insurance take a bite too, and you've still gotta do the work!  So there are advantages to having condo fees - they aren't all bad.

Don't assume You Know what the fee covers.

Not all fees are the same - I laid out a typical fee structure, but there is no typical fee structure!  All condos are different, and you should know what your fee covers.  Sometimes they cover heat and hot water, and sometimes they cover very little.  So check!  Every time.

Investors sometimes can't purchase no matter the price

Many investors look at condos to get something started.  But in a lot of the more inexpensive complexes, the "investor ratio" is at maximum.  Many condo associations limit how many tenants can be in the complex at one time, and once that maximum is reached, there will be no new investor purchases.

Rules and Regulations can vary widely - and don't violate the pet policy!

Rules and Regulations can be very strict - or very loose - but review these to make sure you and the association aren't going to get into disagreements. While most rules are only loosely enforced, the association can decide to enforce them at their leisure - and it can get expensive quick.  Pet policies should be confirmed before the purchase of any pet - in case their were changes that were not well explained or communicated.  Ask first!  Smaller associations will occasionally make exceptions in writing, if permissible, and everyone is friendly.  Stay friendly!

Ask about Special Assessments - And look for warning signs!

Special Assessments are big fees that unit owners have to pay, usually because the capital reserve fund isn't big enough for whatever renovation they need to do.  Complexes are supposed to collect part of the fee so that when decks and roofs needs to be re-done, they don't have to borrow money.  But many complexes underestimate the costs of these improvements, and need to ask for more money from the unit owners.  So check the roofs and windows, decks and driveways to see if big expenses are coming due - and make sure the capital reserve fund will cover them.

A Duplex is not a condo - neither are single family attached homes!

A duplex is most often properly called a single family attached home.  With no fee, and no condo master deed or trust, these homes look like condos, but are not.  Like condos though, they share things - typically roofs and lots - so they require their own research.  

A townhouse is a style of home, which may or may not be a condo.

A townhouse is a unit style, where the bedrooms are on the top floor, and the living area is on the main level.  This is opposed to a "garden" or "flat" style, where they are all on one level.  But you can buy a condos of either type, so telling someone you want a townhome is a restriction that you may not mean to communicate. 

Foreclosed condos may not pay their 6D's at auction

Be careful if purchasing a condo at auction.  Just as in single family auctions, where the taxes may not be paid, on condos many banks do not get a 6D, which is proof that all the condo fees have been paid.  If the previous owner wasn't paying his mortgage, he probably wasn't paying his condo fees either, and you should know what that is if you make a bid at an auction.

Prices are more volatile, on the way up, and the way down

Be careful when buying condos when the market has gone on a long run.  When the market turns, and gets soft, condos often lose value faster than the single family homes in the same town.  Part of this is that in large complexes, the only way to compete against other units is a lower price, and in large complexes in a soft market, there are usually multiple units on at the same time.  The converse is also true -buying condos before the market improves can be a fantastic investment - assuming you get out near the top. 

Check your insurance certificate for deductibles and get GAP insurance if needed

Most complexes today are moving their insurance to high deductible policies, mostly to eliminate small claims.  Here's how that works.  The Master Insurance Policy, paid for with your condo fees, will cover you in the event the unit burns down - but the deductible is very high - sometimes 10,000 or more - and you have to pay that first.  Ouch!  Typical homeowners insurance also has a deductible, but it is usually $500 or $1000, so much less difficult to pay.  What to do?  Fortunately, condo owners can buy GAP insurance, which is usually very affordable, ($300-500), and will cover your possessions and pay your deductible.  Well worth the extra expense.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Sept. 4, 2016

Real Estate Sales for Northborough, MA - Home Sales and Real Estate Market Report (September, 2016)

 

The Northborough Homes For Sale Market Report

Northborough checks in with its highest HSI ever in this report.  Prices are on the move too, as Buyers discover the great value in Northborough.  Sellers were very optimistic in February, but they came down to meet the market when push came to shove.

Can’t see the chart? You can find it Here .

What should active home buyers do in Northborough ?

Home buyers will find the inventory thin, and things are moving quickly.  But compared to some towns in the area, Northborough is not as tough in some other towns.  Buyers should stay aggressive, and recognize that with prices on the move, todays market properties could look cheap next spring.  It's likely sellers will again ask for premiums, but right now, sellers are accommodating current price levels. 

Find Your Next Home or Check out the Competition!

What should potential home sellers do in Northborough ?

Home sellers should make sure their property shows its best - and not reach too far above market levels.  With inventories thin, the right buyer might be willing to pay a steeper premium for a property that looks sharp and meets expectations.  Even if that is hard, properties of all types are getting traffic and bids, so it's good for sellers.

Northborough Houses For Sale and Sold Market Statistics - MLS Data

  • The Northborough “Home Seller Index” (HSI): 191 Last Report:167
  • There are 34 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 130 houses sold, and X homes sold in the last 3 months in Northborough.
  • The Average number of Days on Market was 92 days for recently SOLD homes.
  • There is an Average Market Time of 53 days of the Northborough homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged $206 (vs. $199 in the last report)
  • Current home sellers are looking for $ 199 /sq. foot
  • There was an Average Sold Price of $447,807 .
  • Northborough , MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Posted in Northborough, MA
Sept. 1, 2016

Real Estate Sales for Natick, MA - Home Sales and Real Estate Market Report (September, 2016)

The Natick Homes For Sale Market Report

Did Natick go crazy this spring?  Natick home buyers have.  Throwing caution to the wind, Natick has pushed prices beyond the $300/sq foot mark, meaning they've gone up 10% in a year.  That is a lot, and it makes me think buyers are not being super smart here.  Inside the town, the behavior is rational - but looking around at the surrounding towns, maybe not so much. As prices rise faster than in other places, it changes the value proposition.  

Can’t see the chart? You can find it Here .

What should active home buyers do in Natick ?

I strongly recommend looking elsewhere on your list.  You won't believe the comparative values in many surrounding towns.  Yes, I know, they are further "out" or don't have T access.  But they offer other things - like not freaking out about your mortgage!  Nothing against Natick, it's great, it really is.  But it is worth 20-25% more than Southborough, it's neighbor only 10 miles West?  Not sure that is the case. It's 15% more than Sudbury, and that doesn't feel right either.

Find Your Next Home or Check out the Competition!

What should potential home sellers do in Natick ?

Hmmm.  SELL.  Get out while the getting is good.  Borrow money, improve your property and get top dollar.  Unless of course, you're looking to buy in Natick!

Natick MA Houses For Sale and Sold Market Statistics - MLS Data

  • The Natick “Home Seller Index” (HSI): 252 Last Report:260
  • There are 53 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 250 houses sold, and 175 homes sold in the last 3 months in Natick.
  • The Average number of Days on Market was 31 days for recently SOLD homes.
  • There is an Average Market Time of 83 days of the Natick homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged 300 (vs. 275 in the last report)
  • Current home sellers are looking for $ 295 /sq. foot
  • There was an Average Sold Price of $607,538 .
  • Natick , MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Posted in Natick, MA
Aug. 31, 2016

Real Estate Sales for Millis, MA - Home Sales and Real Estate Market Report (September, 2016)

 

The Millis Homes For Sale Market Report

Looking for relief from a tight buyers market?  Millis is no help.  Sellers are asking steep prices, and buyers are starting to pay record prices, as the inventory stays tight.

Can’t see the chart? You can find it Here .

What should active home buyers do in Millis ?

Well, Millis isn't as bad as some towns we've reviewed recently, but its still really tight.  Buyers should be working multiple towns, and should be aggressive if they see a home they like.  Also, examine ways to make the "just OK" property work for you - these properties are often overlooked by many buyers.

Find Your Next Home or Check out the Competition!

What should potential home sellers do in Millis ?

Home sellers are feeling good.  Virtually all properties are getting good traffic patterns.  A little effort goes a long way to make sure your sale process is successful, and nets you top dollar.  

Millis MA Houses For Sale and Sold Market Statistics - MLS Data

  • The Millis “Home Seller Index” (HSI): 207 Last Report:226 
  • There are 23 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 85 houses sold, and 61 homes sold in the last 3 months in Millis.
  • The Average number of Days on Market was 38 days for recently SOLD homes.
  • There is an Average Market Time of 118 days of the Millis homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged 203 (vs. 201 in the last report)
  • Current home sellers are looking for $ 229/sq foot
  • There was an Average Sold Price of $435,986 .
  • Millis , MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Posted in Millis, MA
Aug. 31, 2016

Real Estate Sales for Milford, MA - Home Sales and Real Estate Market Report (September, 2016)

 

The Milford Homes For Sale Market Report

Holy cow, it's tight everywhere.  Milford has really gotten hot. Prices are up, but not too much.  I don't think that will last though, I'd not be surprised if they rise quickly from here.

Can’t see the chart? You can find it Here .

What should active home buyers do in Milford ?

Uh, hope for things to get better?  Really tough sledding for buyers.  Prices are headed up, if you do find something you like, be aggressive, properties are moving fast. 

Find Your Next Home or Check out the Competition!

What should potential home sellers do in Milford ?

Home sellers should start asking around and getting the home ready.  If you're looking for a good exit point, you're at one.  Home of many conditions are now being sold, as it looks like the investors and the retail buyers have found Milford, and are loving the prices. 

Milford Houses For Sale and Sold Market Statistics - MLS Data

  • The Milford “Home Seller Index” (HSI): 266 Last Report:206
  • There are 29 homes actively listed as For Sale for Home Buyers.
  • In the last 6 months, there have been 185 houses sold, and 122 homes sold in the last 3 months in Milford.
  • The Average number of Days on Market was 36 days for recently SOLD homes.
  • There is an Average Market Time of 61 days of the Milford homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Square Foot averaged 165 ( vs.167 in the last report)
  • Current home sellers are looking for $ 176/sq foot
  • There was an Average Sold Price of $319,066 .
  • Milford , MA, has 2 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Posted in Milford, MA