Selling property “For Sale by Owner” is a much talked about topic in the real estate world. Depending on which side of the coin you are on, you have a different opinion on the value of using a Realtor vs. FSBO. Let’s break down how using a Realtor vs. FSBO can influence the sale of your property.
- Knowing the market and inventory allows a Realtor to price a home more accurately.
- A FSBO usually prices a home too high due to lack of objectivity.
- A Realtor has access to more buyers, which means more money.
- A FSBO pays fees to get onto MLS and third party sites.
- A Realtor is a trained professional that gets you the best price, terms and conditions and includes a home inspection and P&S, which saves you money in the end.
- A FSBO is not a professional negotiator but still need to negotiate against a Buyer’s agent. Buyers may say “You are saving 5%, so I am going to deduct that from my offer”.
- Time is money. Realtors show and sell the home while the seller does what they need to do and are much more experienced at prescreening “real” buyers.
- A FSBO wastes a lot of time on non-serious buyers. They do not have as much time to show the home and buyers typically do not like to look at the home in front of the seller. For that reason, buyers and brokers may not give a seller real feedback.
- A Realtor’s commission is tax deductible and they generally sell a home for 12% more than a FSBO.
- FSBO’s usually end up spending more on lawyer’s fees and a buyer’s agent commission.
If you are considering selling your home, using a professional Realtor will make the process smoother, less stressful and more cost effective than doing it yourself!
New Englanders face a lovely challenge during this time of year. We begin to pack away our bathing suits and cuddle into our sweaters as the season changes our leaves beautiful orange and red colors and eventually fall off our trees.
Now, as favorite a season Fall may be, it is also a transitional time to ready our hearts, souls and homes for winter. What do we need to do before the first snow falls this year?
1. Put up storm windows and doors. Storm windows and doors provide insulation in these areas that are otherwise drafty. Window insulation film is a good alternative.
2. Improve your insulation. Check out that insulation that may be years old and make sure it hasn’t deteriorated. You can bulk up insulation by adding it to crawl spaces, unfinished attics and basements between the unfinished area and the living area to trap in heat.
3. Caulk around the windows. Air can easily escape through the windows (even when they are closed!) if there are cracks. Re-caulking ensures a sealant from the outdoors.
4. Make sure everything outside is secure. This means shutters, siding and even making sure shrubs are trimmed! If anything can get loose or easily break- it will be damaged easily with the snow and high winds that the winter brings.
5. Change your filters! Heating, ventilating and air- conditioner filters need to be changed for system to go on working properly.
Take your tips and get to winterizing!
Located directly across from Wakefield’s beloved Lake Quannapowitt, with stunning year-round views,138 Main Street is for many reasons a wonderful place to call home. Its proximity to the lake and town common/center as well as Boston and Cambridge offers its new homeowner the best of both worlds. Residents of Wakefield appreciate its parks, Beebe Library, restaurants, shopping, and the lake’s boating, windsurfing, and fishing activities. Numerous commute/travel options to Boston and points north and west are just minutes from your door, providing access to nearby and regional recreational, cultural, educational, medical and business attractions/ institutions.
Your morning might start with coffee on your front patio, enjoying the scenic beauty of Lake Quannapowitt. Options abound for the day: hop in your car and head to Marketplace Lynnfield to shop and have lunch or take the train to the city to visit a museum, see a show, or cheer on your favorite sports team. Spend the evening entertaining family and friends on your expansive patio, enjoying the tranquil backyard setting. End the day with one more look at the lake from your master bedroom picture window. Enjoy superb quality of life at 138 Main Street.
Wakefield Common – 1 mile (south on Main Street, along the lake)
Lake Quannapowitt Yacht Club – 2 miles (directly across the lake from home)
The Middlesex Fells Conservation Area – 8 miles
Boston/Back Bay – 20 miles
Commuter Rail to North Station – 1.2 miles to Wakefield Station (Haverhill line – 24 minute ride)
Logan Airport – 17 miles
Major Roadway Access – I95/128 (Exit 40) leads north/east and west to I93
Distance Source: Google Maps (by car; approximate)
For more information, contact Laura McCaughey.
A growing number of ultra high net worth (UHNW) individuals view homes as ‘opportunity gateways’, driving buying decisions that are based on potential opportunities from owning these luxury residential properties, according to the latest study by Wealth-X and the Sotheby’s International Realty® brand.
The UHNW Luxury Real Estate Report: Homes As Opportunity Gateways two trends that are fueling the rise in the number of ultra wealthy individuals who are buying luxury homes:
- International home-buying by UHNW individuals (defined as those with at least US $30 million in assets) from emerging nations seeking a safe investment diversification.
- Home-buying as part of a program to gain citizenship or residency status in foreign nations.
The report provides insight into the UHNW residential real estate opportunities in Sydney and Vancouver for buyers seeking safe investment diversification; and Malta, the Bahamas and Sao Paulo, which may appeal to ultra wealthy buyers who are seeking citizenship or residency through property investment.
The UHNW Residential Real Estate index, tracked by Wealth-X, rose to 115.2 in Q2 2015, an 8.3% rise year-on-year, and the sixth consecutive quarter in which the index has risen. The continued rise in the index reflects the confidence of UHNW individuals to invest in luxury residential real estate.
The index takes into account the full range of luxury residential properties that are owned by the world’s wealthiest individuals. Wealth-X data shows there are 211,275 UHNW individuals globally, who collectively hold nearly US $3 trillion in real estate assets, equal to 10% of their net worth.
Below are other key findings from the report:
- 12% of second homes purchased by UHNW individuals in emerging countries (those who reside in BRICS nations) are located outside their country of residence.
- Recent market fluctuations in emerging nations are leading a new generation of UHNW investors to consider investing in luxury residential real estate in Western markets.
- Chinese UHNW individuals make up the third largest share of foreign UHNW homeowners in the United States, behind only Canada and the United Kingdom.
- Twenty nations in Europe and the Americas now offer citizenship or residency programs to individuals willing to invest in domestic residential real estate.
- Many residential real estate markets with such programs – including Sao Paulo, Malta, and the Bahamas – offer good long-term investment opportunities.
Wealth-X President David Friedman commented: “Wealth-X is pleased to partner with the Sotheby’s International Realty brand for this third luxury real estate report for 2015. This new joint study explores the trends and home-buying motivations of a distinct group of ultra wealthy individuals in the emerging markets. As their wealth grows, so will their investment fueled by various motivations, be it to diversify their portfolio or to gain citizenship or residency in a foreign country.”
According to Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC, this joint report was designed to provide an understanding of the trends driving buying decisions of ultra high net worth individuals around the world. “The research reveals trends that go beyond traditional motivations and help guide real estate investments that contribute to long-term wealth,” he said. “It underscores the important role real estate plays in a larger strategy to build a valuable asset portfolio.”
View the report here.
Imagine celebrating the 4th of July holiday lakeside…and from the comfort of your own backyard.
You can do just that at 16 Robinson Park in Winchester. Currently on the market for $3,500,000 featuring beautiful original woodwork, heated walkways, heated 2+ car garage, Chef’s kitchen with slate floor and Vermont custom cabinetry, radiant floors and walls of windows.
This home is quite special.
To get a better feel for this timeless home, watch the property video.
We relax! Every year, we take one day out of the summer months and congregate in Rockport for a summer celebration. The Spring market has been busy for everyone and it is important to take a step back and re-evaluate, and come together for some bonding! Just another thing we love about Waterfield Sotheby’s International Realty!
We love a remodel in the real estate world! A year ago, our company brought on 4 Ward Street in Woburn. 4 Ward Street boasted a spacious lot with possible subdivision ability and a separate carriage house on the land. The Queen Anne Colonial sitting on the lot needed some updates and renovations and now it is back on the market! Take a look at the before and after shots of this unique property.
“Bricks in this fireplace are 190 years old. They were originally used in the Pollard Tavern, where George Washington slept.”
This quote was found plastered over the mantel at 43 Ravine Road, Medford, currently just listed with Laura McCaughey of Waterfield Sotheby’s International Realty.
The Pollard Tavern was located on Great Road in Bedford, MA. On April 19, 1775, Bedford Militia and Minutemen mustered on the common, at homes and at taverns, including the Pollard Tavern. Many men marched to Concord that morning and saw action beside the Meriam farmhouse in Concord. Meriam’s Corner marked the beginning of the running battle between the growing ranks of local militia and minutemen companies and Lt. Col. Francis Smith’s 700 British troops as they attempted to return to Boston.
…Or as the story goes!
Whether or not George Washington really slept in what is now 43 Ravine Road, it is always interesting to see the history that our New England properties yield.
Historic Carter Mansion- The Story
Selling real estate in the historic state of Massachusetts has a lot of perks, one of them being we get to learn- a lot! In March of 2014, Laura McCaughey (of WSIR) listed 89 Woburn Street in Reading with the claim to fame of being “The Carter Mansion”. Originally built in the 19th century this home presented a wealth of a historic background, which comes hand in hand with a lot of work to do for new buyers. Luckily enough, Catherine Albiani had the perfect buyers who had plans to renovate and refurbish the beautiful home. Now, a little over a year later our WSIR agents have teamed up to bring this sleek, modernized home from the 19th century to the market. But that is not where our story begins…
The residence was primarily owned by Daniel Chute, one of the first shoe manufacturers in Reading and the origin of “Chute St”. He purchased part of the Parker-Jaquith farm and built the Federal home that stands today. Daniel and his wife came to adopt Nancy Sanborn, daughter of Mrs. Chute and Reverend Sanborn. When Nancy married Samuel Carter, the property became theirs and otherwise known as the Carter property. Samuel Carter was in the express business and sent goods, mail and stage coaches to Boston. The property was passed down to generations and you can still see their name engraved on the front step!
With no expense spared, the Carter Mansion has been fully updated while retaining its period detail and character. Interested in what the buyers have done? Check out the before and after photos below.