Affordable Condo Options Newly Available
September 28th, 2009 Categories: Featured Listings, Holliston, Natick, Real Estate
Over the past few weeks there have been 2 condo options that have come available in our area that could become really good deals. I mention “could” because one is an auction property and one is an income restricted option.
Natick has luxury condominiums Read the rest of this entry »
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Nordstrom is Having a Sale… on Condos!
September 11th, 2009 Categories: Featured Listings, Market Conditions, Natick, Real Estate
Natick has one-of-a-kind luxury condos that are going on the auction block next month. The Nouvelle at Natick is a 215 unit project that is connected with the mall. About 20% of the units are going to be auctioned October 4th.
The developers are in trouble. They built this development just as the economy was going into a tailspin. They have sold or put under contract only a total of 37 condos. Ouch!
Using town records, I was only able to verify 18 sold units, and selling prices ranged from $369900 to $1.2 million. The following are the units being auctioned:
- 1 Bedroom & 1 BR + Study $160K-$210K
796-1078 sq ft units
- 2 Bedroom & 2 BR + Study $220K-$315K
1068-1591 sq ft units
- 3 Bedroom (only 1 unit auctioned) $350,000
1774 sq ft
- Penthouse (2 units) $375K-$475K
1596-2110 sq ft units
The marketing department has tried everything to entice the local Realtor community to sell these units. Incentives for months of condo fees or mortgage payments have not worked to bring in sales. These prices have just been too high for such a unique housing option in Metrowest.
You will need a deposit of $10,000 on auction day, and I would highly recommend doing all your homework about unit locations, pricing, and mortgage financing. If you are an investor you likely will need 20-25% down payment to get your financing.
These very unique Metrowest condo options were never a good investment to consider, until now. Feel free to contact me for all details of the process and the property options. The developer will pay the commission of your Buyer Agent when bidding on these units, so take advantage of this guidance.
“We Live Where You Live” Ed Daniels of Remax Executive Realty can help you with this auction process and perhaps get you a great investment. He can be reached at 508-341-7880.| Discussion: No Comments »
Unique Tool to Sell a Home
October 17th, 2008 Categories: Featured Listings, Holliston, Real Estate
This past month I have decided to add a feature to a few of my listings – Floor Plans.
The floor plans give an internet consumer a better perspective. Combined with the virtual tour, the site allows the user to click on a particular location on the floor plan to stand in the room.
Click here for 80 Dalton Rd, Holliston tour
Click here for 82 Fisher St Medway tour
I feel that I have to be selective when using the tool, since the rooms have to be large enough to be highlighted. Doing a floorplan to show a small layout home means less visitors, not more!
This tool falls within the Presentation category. Success selling in this market requires the 3 P’s:
Pricing
Presentation
Patience
There is a report done every year to evaluate Buyers of real estate and determine how they are looking for homes. The statistics from this report tells me that internet presentation is the most efficient use of real estate exposure. Since over 90% of home buyers look to the internet to start the process, this is where your home needs to be.
For this and additional tools that I use in my marketing plan, please call and we can share them with you. A challenging real estate market requires experience and proven marketing ideas to get a home sold.
Ed Daniels is a Realtor with The MAhome Team of Re/Max Executive Realty. He can be reached at 508-341-7880.
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Bank owned properties: Investors Wanted!
June 20th, 2008 Categories: Featured Listings, Framingham, Real Estate
I have been working with a bank on some of their foreclosure listings. I represent the banks in the listings, but as you know, they are very interested in getting offers and having these properties off their books.
Here are a few:
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