Understanding Fair Market Value in Real Estate

understanding fari market value in real estate

At the crux of every real estate transaction underlies fair market value. At the end of the day most homes sold through the Multiple Listing Service will sell for fair market value. Definition of Fair Market Value in Real Estate Fair market value is defined as the most probable selling price for a specific property where both buyer agrees to buy and the seller agrees to sell. The sale must occur with the property having reasonable exposure to the public, with both parties acting … Continue reading...

Staging Like A Pro: Make Your Home More Appealing To Buyers

Stage like a pro, make your kitchen stand out

Selling the real estate property isn’t as easy as it may look like. In order to attract potential buyers and influence their decision, you’ll need to do your best while staging the house. Before you make any investments toward staging your home, make sure to explore all other, cheaper, and possibly free ways of making it appealing to potential buyers. You’ll need to start from the outside, take care of driveway and backyard, and then continue with cleaning and redecorating the interior. The … Continue reading...

10 Deadly Home Buying Pitfalls

Buying a home is a big deal. There are many home buying pitfalls a buyer can make. This article will discuss some of the bigger pitfalls that can make your home purchase less than perfect. These deadly pitfalls can cost you tons of money, cause lots of aggravation or both! Unfortunately many times a home buyer will rush forward in the excitement and emotion of buying a home, only to get extremely frustrated with the home buying process or find out they made a mistake later … Continue reading...

Maximize your Massachusetts Home Search- Active Statuses

Over the years I have found much confusion about the availability of homes for sale when doing a Massachusetts Home Search. When you are thinking of buying a home many buyers will just start cruising the internet looking for a website where they can do a Massachusetts Home Search. There are certainly plenty to choose from. Where the confusion lies for many buyers is the actual status of a home that is for sale. The status is whether it is for sale, sold, withdrwan from the market.etc... … Continue reading...

Accompanied Showings…. Yay or Nay?

Accompanied Showings.... a definite NAY! Occasionally, I am asked to do accompanied showings on a potential listing. For 99.9% of the homes I market for sale to the public, this is a huge mistake. The only time I recommend accompanied showings is when I have a truly unique house that requires and explanation. Even that can become overcome with a "cheat sheet" I make for the showing agent. I have had two listings in 11 years, that I thought benefited from me being there when showings … Continue reading...

Which house would you buy?

Following is a post I listed on Active Rain, a real estate blogging platform. Once you prepare you home and price it right, nothing gets buyers as interested as quality real estate photography. Excerpt of the post below: I am a big proponent of quality photography for real estate. Almost 90% of all buyer use the internet to find the home they are going to purchase. You need to compel a home buyer to pick up the phone to call for a personal showing there is no better way than to create … Continue reading...

What is Title Insurance?

What is Title Insurance? A common question for home buyers is, what is title insurance? Title Insurance is an indemnification policy which insures real property against defects in the title and invalid or unenforceable mortgages. The company issuing the policy will pay to defend any lawsuits that may arise from title issues, reimburse any financial loss due to any title defects or pay to remove title defects that may inhibit a transfer of the property. If you purchase a home, using an … Continue reading...

The Move Up Home Buyer

One thought thrown around by home sellers is... I will wait until my home was worth 5 years ago before I purchase a new one. Seems to makes sense.... or does it? On the surface it probably seems to make sense for many Massachusetts homeowners that are looking to sell their home and buy a new one. I would like to show you why, you might want to reconsider. Selling your home in a down market or buyers market to purchase a larger more expensive home can make a lot of sense from a financial … Continue reading...

Ultimate Online Property Search for Massachusetts Home Buyers

Advanced Map Based Search for Massachusetts Real Estate for Sale

I have spent a considerable amount of time researching the best online home search that I can for Massachusetts home buyers. I have found a system that bring the best of both world to home buyers. It a both a list based search as well as a map based search. It easily allows you to see where each property is in a given community. It feeds directly from the Massachusetts Multiple Listing Service with the most up to date home information. My online home search also allow you to search by many … Continue reading...

How do I negotiate an offer on a home?

Negotiatin a reasonable offer on a home.

How to negotiate an offer on a home is very individual to a home buyer. There are many variables to negotiating an offer on a home. Some of the variables are specific to the home buyer, some are specific to the actual home and some are specific to the real estate market at a given time. Understanding the contracts and the process is also an important consideration when tendering an offer on a home. Some things to consider: What are the general market conditions? Are home prices stable, … Continue reading...