How Rumors Get Started 101
April 30th, 2008 Categories: Market Conditions, Real Estate
I read an article from the Milford Daily News this Sunday that made me pause. The article headline reads:
Clerk: 805 Vacant Homes in Franklin
Now that got my attention because the town is not THAT large and the housing stock isn’t all low end condos or multi-families, which I am noticing large inventories of vacant and bank owned properties.
So I dug a bit deeper…
My conclusion: what a great example of bad reporting on the market!
Am I sensitive because I am a Realtor? Am I more positive about the real estate market because I rely on the success of home sales to have food with my meals?
No, I determined that I am logical and analytical about this market, if I do say so myself. Show me the stats and I will buy into it.
So why don’t I agree with this article (read full text here)?
- No reliable source
- Sending wrong messages to the public
- No relevance to conclusions drawn
Let’s take this article apart:
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My Buyer Clients Want Your Home!
April 23rd, 2008 Categories: Market Conditions, Real Estate
I have searched the MLS for any indication of this phenomena that I am experiencing the past few weeks, and have come up empty. Stats or no stats, I am using my 10 years as a Realtor to tell you the following:
There is not enough inventory!
and
If you are considering a move, now is the time to list your home!
For the sake of the reading public thinking that this is another Realtor taking a positive spin on the bad market, here are my clients:
Read the rest of this entry »
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Who Else Wants to Make Money in Real Estate?
March 19th, 2008 Categories: Market Conditions, Mortgage Updates, Real Estate
It wasn’t until the past month that I have turned the corner on seeing real estate as being a great investment. I know, I am a Realtor, and should be preaching this night and day, but I haven’t. Now is the time!
I am usually a skeptic while reading the newspapers and magazines (just ask my wife!). After many months of doom and gloom, I am seeing cracks in the armor of despairI. There are properties out there that are ripe for a great investment.
| Discussion: 2 Comments »
Massachusetts Foreclosures Plummet to .3% of Households
February 26th, 2008 Categories: Market Conditions, Real Estate
Sounds exciting doesn’t it? The statistic is real, but the presentation of the facts is the point. This .3% of households number is actually a 186% increase from Jan 2007, based upon a report from RealtyTrac.com.
I am getting calls every week to head out to a bank owned property and secure it. We then clean it up and list the property on MLS. In my personal business, this niche of the market is growing fast. But in today’s age of selling newspapers with headlines, lets give out a dose of Number Reality…
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Massachusetts Kids Highly Recommend Utah 529 Plan
February 18th, 2008 Categories: Market Conditions, Preferred Business
Research regarding saving for my almost 4 year old daughter’s education can be classified as slim to none. Ashamed to say it, but I pledge to catch up!
What drove the new interest is a good article from Money Magazine about Utah’s topnotch 529.
My daughter, Lara, will thank me in 14 years if I make a move now.
Using all my knowledge from my Finance degree from Bryant College, as well as years of reading about personal finance,
I have been enlightened with one main rule of thumb.
| Discussion: 1 Comment »
Top 10 Ways Sellers Guarantee Their Home Won’t Sell
February 6th, 2008 Categories: Market Conditions, Real Estate
Fellow Re/max Realtor Paul Pastore, of Arizona, created this top ten list that just so happens to fit the Metrowest real estate market also!
Sellers are still having success in selling right now, it is just that they have to work a bit harder at it. As a full time local Realtor, I have tools that help to carry some of that load.
1. Price it wrong.
A home properly priced is half sold. No amount of full-color ads, glossy fliers, multiple photos, virtual tours, Read the rest of this entry »
| Discussion: 2 Comments »
Foreclosure Real Estate Secrets
February 3rd, 2008 Categories: Ashland, Framingham, Grafton, Holliston, Hopkinton, Market Conditions, Marlborough, Milford, Natick, Real Estate, Southborough, Westborough
First time buyers of real estate are salivating at the idea that the Buyer’s Market in Massachusetts is offering “steals” in every neighborhood. They hear of foreclosures, auctions, and people unloading property at every turn.
This is not only a falsehood, but when buyers learn of the process, they usually run for the hills.
Let me explain how foreclosures work…
| Discussion: 1 Comment »
4 Crucial Reasons to Buy In this Perfect Market
November 27th, 2007 Categories: Ashland, Framingham, Grafton, Holliston, Hopkinton, Market Conditions, Marlborough, Milford, Natick, Real Estate, Southborough, Westborough
You have been hearing all sorts of bad news in every newspaper article for the past 2 years. These are the 4 reasons why this is THE perfect time to be a Buyer. You should not delay, even if it means dealing with getting less for your current home!
As a full time Realtor in the Metrowest area for the past 10 years, I have seen mostly “good times”.
But were they?
My buyer clients were buying with multiple offers in the first few days a home was listed. Interest rates were good, but prices were climbing at double digit rates.
Ok, they were good times for Sellers.
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