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


When you’re buying or selling a home, you may hear the terms, “assessed value” and “market value.” There are few things that you should know about these terms. First, they cannot be used interchangeably. The assessed value is generally much less than the market value. If you’re buying a home, you probably would rather see the assessed value of the home as a price! If you’re selling, the same holds true for the market value of the home for you.


Market Value Is Used Differently Than Assessed Value


The market value is how much your home is worth on the market currently. The definition is exactly as the term sounds the home is looked at by an assessor and given a value. The assessed value is used to determine property taxes, among other things. As you can imagine, the assessed value can become a point of contention for many homeowners especially when it comes to paying their tax bills. Many homes end up being assessed at a higher price than their current value, bringing tax bills to higher levels. The market value is what the home will sell for when it is listed for sale.


Be careful when searching for a home to buy. Many sites list the assessed value along with the price of the home or estimated market value of the home. You don’t want to get these numbers confused when budgeting and searching for the perfect house. 


If you’re getting ready to sell your home, pay little attention to the assessed value of the home. That is not what your home will sell for. 


The market value is a good reason to hire a realtor to help you sell your home. Realtors are experts in finding the market values of homes. They will even do something called a CMA (comparative market analysis) for you to help you determine the right price for your home to sell at. This is where comparable properties in the area are examined for their selling prices and all the perks of your home and neighborhood are considered. The market value is determined by the price of the homes that have recently been sold in the area based on the location of the home and how close it is to certain amenities like schools, parks, and the probability of future construction. 


Finally, know that the market value and the appraised value of a home have a lot to do with how much a lender will give you to buy the property. Every home that is being bought must go through an appraisal, to protect the lender from overpaying for a home.    


Whether you’re buying or selling a home, knowing your value terms can really be a help in understanding the sweet spot for pricing a property  



This Single-Family in Norton, MA recently sold for $560,000. This Colonial style home was sold by Bruno Real Estate Advisors - RE/MAX Real Estate Center.


298 Reservoir St, Norton, MA 02766

Single-Family

$500,000
Price
$560,000
Sale Price

9
Rooms
3
Beds
2/1
Full/Half Baths
Seller requests Highest & Best by 6pm 8/17. Magnificent N.E.Colonial shows like it's straight out of a magazine.Features 3 Beds, 2.5 baths & 2,600+sf of living. All 4 finished levels have been updated or remodeled including finished attic & basement. The floor plan gives your fam flexibility as it grows (home offices, extra fam Rms, separate living space for children).You will never want to move again! Gorgeous Kit w/ granite & S/S. 1st flr office w/ atrium drs. Master Bdrm has a walk-in custom closet to die for. Stunning ensuite bath w/ quartz counters dble sink & walk-in tiled shower. Other bdrms share a remodeled full bath w/ granite. The cozy backyard is 1 of a kind w/ lush lawn, patio & deck for relaxing w/ friends. PLUS, C/a, alarm, fresh interior paint, 2nd flr laundry, vinyl siding, town sewer, natural gas cooking & heat. Ideal location! Quick Rte 495 access, Mansfield MBTA, Xfinity center, golfing at TPC Norton. Boating & fishing at Norton Reservoir just minutes away. Wow!

Similar Properties



As a home seller, it generally is a good idea to consider the buyer's perspective. That way, you can determine why buyers may consider your house over other available properties and map out the home selling journey accordingly.

Now, let's take a look at three tips to help you assess the buyer's perspective before you embark on the house selling journey.

1. Analyze Your Home

Think about why you decided to buy your home in the first place. By doing so, you may be able to discover what makes your house unique from other properties so you can promote your residence to the right groups of prospective buyers.

Don't hesitate to take an objective view of your home's interior and exterior too. Remember, your goal as a home seller is to generate as much interest as you can in your house. If you take a critical view of your house, you can identify problem areas and work to correct various issues as quickly as possible.

2. Review the Local Housing Market

The local housing market may favor buyers or sellers. By reviewing housing market data, you can find out whether a buyer's or seller's market is in place. Plus, if you evaluate the local real estate sector, you can understand how your residence stacks up against the competition.

Analyzing the local housing market also may help you establish a price range for your home. As you check out the prices of comparable houses in your city or town, you can use this information to set an aggressive initial asking price for your residence. And as a result, you may be able to stir up lots of interest in your home among potential buyers.

3. Consult with a Real Estate Agent

If you are unsure about how buyers may perceive your house, it may be beneficial to have a housing market expert at your side. Luckily, real estate agents are available in cities and towns nationwide, and these housing market experts are happy to help you find ways to generate interest in your residence.

A real estate agent will learn about you, your home and your house selling goals. Next, he or she will craft a personalized house selling strategy designed to help you achieve your desired results. After a real estate agent puts this strategy into action, it may be only a matter of time before you receive offers to purchase your residence.

Let's not forget about the assistance a real estate agent provides after you receive an offer to purchase, either. At this point, you'll have to decide whether to approve, reject or counter a buyer's proposal. Meanwhile, a real estate agent can provide an honest, unbiased recommendation to help you make an informed decision about a homebuying proposal.

Want to streamline the home selling journey? Use the aforementioned tips, and you can incorporate the buyer's perspective into your home selling strategy and increase the likelihood of enjoying a fast, profitable house selling experience.


Sellers who are eager to attract serious buyers and maximize the value of their home often utilize home staging as a way to leave a good impression.

Homes that are skillfully staged look better in photos online, creating more leads, showings, and ultimately, offers. Furthermore, prospective buyers want to be able to envision themselves living in a home. Staging makes it easier for them to understand what it would look like and how spacious it will feel once it has been furnished.

Home staging by the numbers

You don’t, however, have to take my word for it. The National Association of Realtors (NAR) releases an annual report which collects and analyzes survey data from nearly 2,000 agents regarding their experience with home staging.

In their findings, they note that 62 percent of agents agree that staging a home lessens the time the property is for sale. Furthermore, 77 percent of agents said home staging makes it easier to visualize living in a home that would otherwise be empty.

Which rooms should be staged?

Staging an entire home takes an enormous amount of time and money. One way to simplify the process is to stage a select few rooms. In the NAR’s study, they asked agents which rooms they typically staged when selling a home. The results:

  • 83% Living Room

  • 76% Kitchen

  • 69% Master Bedroom

  • 66% Dining Room

  • 53% Bathroom

  • 31% Yard Space

  • 25% Children’s Bedroom

  • 21% Guest Bedroom

From these results, we can ascertain that it’s important to stage the main rooms of your home. Lesser used a multi-purpose rooms (like offices and guest rooms) aren’t as important to stage.

Can staging your home increase the sale price?

It’s difficult to say with certainty if, and by how much, home staging affects the sale price of a home. However, if staging your home is successful at getting the attention at a greater number of prospective buyers, there’s a good chance you’ll be able to go with the highest bidder.

When the NAR asked agents if staging increases the amount buyer’s offer on a home, their responses were somewhat mixed.

  • 29% of respondents thought it increases the offer by one to five percent

  • 21% of respondents say it increases the offer by six to ten percent

  • 8% said it increases the offer from between eleven to twenty percent

  • 14% said it had no impact on the dollar value of the home

  • 27% were unsure if it had an impact on the dollar value

In general, it would seem that most agents feel that staging a home not only improves a buyer’s opinion of a home, but also increases its sale value. If you’re planning on selling in the near future, staging at least part of your home could be something to consider to give your property a competitive edge.



187 Walter Street, Fall River, MA 02724

Single-Family

$239,900
Price

6
Rooms
3
Beds
2
Baths
Here is the opportunity you've been waiting for! This Cape is a "diamond in the rough" and just waiting for some updating and love. It has everything you look for in a smart investment and is the complete package with it's features, location and price. It offers 3+ Bedrooms, 2 full baths, 1,541sf, an attached garage, large yard, and a desirable established family neighborhood with easy highway access. Add central air, wood flooring, replacement windows, circuit breakers, inlaw set up on 2nd floor and a newer furnace and water heater, and your search is over. Sold "As is" and may not qualify for all types of financing. *1st Showings begin at Open House Saturday 9/25, 12-1:30pm. See you there!
Open House
Saturday
September 25 at 12:00 PM to 1:30 PM
Come see this amazing investment opportunity! No appointment is necessary. See you Saturday!
Cannot make the Open Houses?
Location: 187 Walter Street, Fall River, MA 02724    Get Directions

Similar Properties





Loading