Bruno Real Estate Advisors - RE/MAX Welcome Home | Taunton MA Real Estate, Norton MA Real Estate


This Single-Family in New Bedford, MA recently sold for $230,000. This Cape style home was sold by Bruno Real Estate Advisors - RE/MAX Welcome Home.


202 Aquidneck Street, New Bedford, MA 02744

New Bedford South End

Single-Family

$244,000
Price
$230,000
Sale Price

6
Rooms
3
Beds
1
Baths
OPPORTUNITY kNOCKS! This 3 BR, 1 BA Cape, which needs TLC, is located within close walking distance to both Hazelwood Park and New Bedford's popular South End city beaches. This home is on a street with well maintained single & two family homes. All vinyl windows throughout, & Central A/C. Large workshop areas located in basement. Backyard 3 season Sunroom ideal for enjoying the summer. One car garage & shed. Newer roof on both house & garage. NOT IN FLOOD ZONE! 24 HOURS NOTICE TO SHOW!

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A seller's market provides many opportunities for those who plan to list a residence in the near future. If you know how to capitalize on a seller's market, you may be able to quickly and effortlessly sell your house and maximize your property sale earnings.

Now, let's take a look at three tips to help you get the most out of a seller's market.

1. Analyze Your Home's Strengths and Weaknesses

It may be beneficial to conduct an inspection prior to adding your house to a seller's market. With an inspection report in hand, you can assess your residence's strengths and weaknesses. Then, you can perform home repairs and upgrades and boost the likelihood of getting the best price for your residence.

In addition, you may want to complete a home appraisal. If you receive an appraisal report, you can analyze a property valuation and use this information to establish an aggressive initial asking price for your house.

2. Craft an Engaging Home Listing

A home listing typically plays a pivotal role in the house selling journey. If you devote time and resources to create an engaging home listing, you should have no trouble stirring up lots of interest in your home in a seller's market.

As you craft a home listing, it may be a good idea to evaluate the buyer's perspective. If you understand what separates your home from comparable residences in your city or town, you may be able to find innovative ways to differentiate your house listing from all others.

It often helps to include high-resolution images of your home in your listing too. You also should incorporate accurate details about your home into your listing to help buyers determine if your residence matches or exceeds their expectations.

3. Work with a Real Estate Agent

Selling a home sometimes is tricky, regardless of the current housing market's conditions. Lucky for you, real estate agents are available who can help you achieve the optimal results in a seller's market.

A real estate agent knows what it takes to sell a residence in any location, at any time. First, he or she will create a personalized home selling strategy designed to help you accomplish your desired goals. A real estate agent next will put this plan into action and promote your residence to potential buyers. If you receive an offer to purchase your house, a real estate agent will help you determine whether to accept, reject or counter this proposal.

Furthermore, a real estate agent will help you finalize a home sale. He or she will offer tips and recommendations to help you prepare for a home closing and respond to any of your concerns or questions. Plus, a real estate agent will keep in touch with you as your home closing date approaches to help you alleviate stress.

There are lots of things you can do to capitalize on a seller's market. Thanks to the aforementioned tips, you can take advantage of a seller's market and seamlessly navigate the home selling journey.


This Condo in Easton, MA recently sold for $369,900. This Townhouse style home was sold by Bruno Real Estate Advisors - RE/MAX Welcome Home.


25 Indian Cove Way, Easton, MA 02375

Condo

$369,900
Price
$369,900
Sale Price

6
Rooms
1
Beds
2/1
Full/Half Baths
WELCOME HOME to "INDIAN COVE" ...SIMPLY THE BEST !!! PRISTINE CAPE TOWNHOME W/ DETACHED GARAGE. SUPERB REMODELL.. Master craftsmanship and elegant designer touches! Entertainment sized rooms and closets galore!. Soaring Cathedral LIVING.RM w/ NEW Skylights (remote control shades), Stunning NEW "gas log" Brick Fireplace w/mantle & surround; DINING /SITTING RM built- in cabinet + wine / beer coolers, sliders to 23 ft SUNDECK! NEW wainscoting/crown molding/baseboard/windows/ doors/hardware/recessed lights, state-of-the-art ceiling fans,flooring & fresh paint. IMPRESSIVE 25 ft CHERRY CABINET KITCHEN w/SOLARIUM, granite & tile, ss appliances, exposed brick wall. Escape to your MASTER SUITE w/gigantic walk-in closet + linen closet, PRIVATE SPA BATH w/ Jacuzzi + Shower. LOWER LEVEL WALKOUT: Exercise & Guest Rm w/3 closets & New Shower Bath, Vinyl Plank Flr by "Rigid Core". Laundry /Utility Rm! New Dishwasher & Gas HW Tank. Central Air. Tennis Court. A FABULOUS FIND...ACT NOW!

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Photo by Olya Adamovich via Pixabay

You’ve decided to start the process of buying a home. Congratulations! Now it’s time to figure out how much money you have, and what you can afford. The goal is to avoid purchasing more home than you can afford, but those variables change. In September 2019, the average price of a new home was almost $363,000. As an average, that may sound a bit steep, especially if this is your very first home.

A home may be one of the largest purchases you make. That’s why it’s important to go in with a clear head and everything aligned. Here are a few tips on learning how to budget when you’re preparing to purchase a new home:

  • Start with the 25% rule

Your mortgage should not be more than 25% of your gross income each month.

  • Consider every source of income you have. That means if you have 2 paychecks each month, each one should be included. If you have side work, that should also be included. That will encompass your total monthly income.
  • Write down your monthly expenses and make sure you leave nothing out. That means your donations to charity, student loans, transportation/gas, movie night, coffee and everything else you spend on a monthly basis.
  • Once you have these figures, subtract the expenses from the income. That will help you determine the max you will be able to pay for your mortgage. It’s also important to have a place to set aside some money for repairs. As a homeowner, things happen.

Any existing debt you have should be eliminated if you can afford it. The lower your debt to income ratio when you start the process, the better off you will be. Additionally, you should save as much as you can for a potential down payment. Depending on the loan, that will be 10 to 20%.

The figures you come up with will give you a good idea of where you stand and is a good starting point for your initial meeting with a mortgage broker. It’s also a good idea to review the types of loans that you may qualify for and look at the requirements. That will give you a general idea of the amount of money you will need to come up with for a viable down payment.

Although things may seem complicated, once you get started, everything should fall into place. Your real estate agent or mortgage broker will be able to provide more insight once you get started. Take your time and don't rush the process. It will be worth your while in the end.


Image by Gerd Altmann from Pixabay

So what will 2020 bring to the real estate market? While market trends can, and do, change on a whim, some activity seems to be easier to predict. If you’re entering the market this year as a buyer or seller, having a better understanding of these trends will help you make informed decisions, so here’s what you can expect.

1. Home Prices Rise, but Slower

Home prices have been on the rise in the past couple of years. This trend is expected to continue in 2020, but the rise will be a bit slower. Freddie Mac warns of an economic slowdown this year, and expects price growth to be around 2.8, compared to 3.3 in 2019 and 5.0 in 2018. This is good news for sellers, but it’s also good news for those who aren't considering selling this year. Rising home prices means your equity will increase or hold steady.

2. Drop in Mortgage Rates

Next, interest rates are expected to drop for most loan types. In 2020, expect to see averages below four percent for most types of loans. Of course, this particular trend can change suddenly, but if it remains on track it will mean more interested buyers in the market. This can help sellers.

3. Homebuilders Focusing on Starter Homes

Demand for starter homes is on the increase. There are two reasons for this. First, many people who would normally be listing their starter homes are choosing to stay put, because younger homeowners are valuing community more than owning a large home. Second, Baby Boomers are starting to look for smaller “starter” homes as their downsized homes. This creates an additional number of buyers competing for the type of home that appeals to first-time buyers. Because of this demand, many homebuilders are focusing on building in this demographic.

4. Millennials Dominating the Market

Millennials, those born between 1980 and 1998, are going to be the largest generational group in the home buying market. Many of these young adults waited to buy their first home until they were well established in their careers, and are now ready to make the purchase. Others are ready to move out of their starter home and into their forever home. These buyers use the Internet primarily to help them in their home search and are looking for the home’s location and features, rather than a huge home with lots of square footage.

Market trends are never set in stone. Economic factors can change and impact these trends, but based on current projections, these are a good indication of what the 2020 home market will bring.




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