Broker, Real Estate Consultant
ASR, CBR, CRB, SRES, New construction, Staging & Relocation.




Posted by Joyce Torelli on 7/18/2018

You may have looked up what the estimate of your home’s value is online. This is purely a number based on what other homes in the neighborhood are selling for. There are some obvious factors that you need to know to calculate your home’s value. These include: how many bedrooms, how much square footage and how much land the home resides on. There are some not so obvious factors that are included in calculating the value of a home. Here’s some things that typically affect a home’s value:


The Street Name


As bizarre as this sounds, it’s true. Whatever suffix that your street name ends in can have an impact on the price of a home. “Street” is less expensive than Boulevard, Road or others. You may even be lucky enough to live on Park Place or Boardwalk!   


Your House Number


People have superstitions and varying beliefs. Whether it’s numerology or the fact that you live at an infamously unlucky number house, buyers will be less attracted to your place. This is another one of the stranger factors you must keep in mind when it comes to valuing your home. 


The Neighbors


If you live close to any neighbors, they will play a factor in how much you can get for your home. If your next door neighbor has strange taste in paint color or has built an eccentric shrine in his front yard, potential buyers may be turned off. You can’t pick your family. However, if you’re moving you do have a say as to what kind of neighbors you’ll surround yourself with. Be prepared for this to affcet your home value if this is the case.   


Trees


Did you know that trees increase the value of your property? When properties are being built, trees are often cleared away. If you have trees around your property that have grown, you’ll find that you can get a bit more for your home. Want to add value to your home? Get planting!   


Crown Moldings Are King


People love crown molding. You can put in crown molding as an easy way to add value to your home and be more attractive to buyers. While buyers look for high ceilings, crown molding can certainly be a deal breaker. 


Your Hobbies Are A Buyer’s Hobby


If you have anything in your home that buyers love, they’re more likely to want to buy the home. If you’re a huge football fan, and a buyer comes along with matching interest, you could add some more attention to your home. The reason is that buyers can easily see themselves there due to the shared interest. But, this also has a reverse effect. Not everyone is a football fan. If you want to appeal to a larger pool of buyers, (which you probably do) you may want to get the extensive hobby paraphernalia out of your home before it’s shown.


A Crime On The Property


If there was a death on the property or a significant crime, people will be turned off. This will significantly affect the value of your property. You’ll most likely have to reveal the death or the crime in the buyer’s disclosure as well based on legal requirements. 


What’s Nearby?


Whatever is nearby could have a significant effect on your home’s value. Whichever kind of grocery store or restaurants are nearby can really help the value of your home. People love their daily coffee! If there’s a unique coffee shop down the street, or a popular grocery chain, you could be looking at potential gains on the value of your home.





Posted by Joyce Torelli on 7/11/2018

This Single-Family in Marlborough, MA recently sold for $350,000. This Contemporary,Ranch style home was sold by Joyce Torelli - ERA Key Realty Services - Distinctive Group.


566 Bigelow Street, Marlborough, MA 01752

Single-Family

$348,500
Price
$350,000
Sale Price

7
Rooms
3
Beds
2
Baths
PUBLIC OH SUN. 6/3 1-2:30. LOVELY UPDATED CONTEMPORARY RANCH, 1/2 acre+ Wooded Corner lot with grey Cobblestone walkway! Enjoy the Open Flow, Vaulted Fireplaced Liv.Rm. & Dining Rm, with nice Pergo flooring, and sliders to Open Deck & beautiful back yard. Corian Top Kitchen w/Pretty White Cabinetry, Stainless Appl. (under mount sink, Elec.Range, French Door Refrig, & Dishwasher). KING MASTER BR. with Hollywood Bathroom(access from Master & from Hallway)-Comfort Height Toilet & Vanity/Solid Surface. Roomy remaining 2 Bedrooms on same level. GREAT FINISHED WALK-OUT Lower level has FP setup for Pellet Stove, 1 Car Garage & separate access door. UPDATES: DOUBLE WIDE Driveway @2014-is on ROBIN HILL RD., Roof @13yrs, Harvey Tilt Windows, Gas-Boiler @2014, Direct Vent HTWTR @2016, Main Bathrm, Chimney lined @2014, Irrigation for front/side @2016(separate meter!). Picturesque with professional landscaping! Easy to Mall & Major Rts. Nice-AMSA, & Memorial Beach. MUST SEE!

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Categories: Sold Homes  


Posted by Joyce Torelli on 7/11/2018

If you plan to sell your home, it may be helpful to prepare for a difficult negotiation with a homebuyer.

Although your home may be in great shape and you've set a fair price for it, there are no guarantees that you'll be able to avoid a long, complex home selling negotiation. However, a home seller who prepares for a difficult negotiation now may be better equipped than others to remain calm, cool and collected throughout the home selling journey.

Now, let's take a look at three tips that home sellers can use to get ready for a difficult negotiation.

1. Assess the Housing Market Closely

A home seller who sets a competitive price for his or her residence may be able to avoid a complicated home selling negotiation entirely.

To determine a fair price for your house, a property appraisal is ideal. During this appraisal, a property inspector will evaluate your home's interior and exterior and help you identify any problem areas. Then, you can complete assorted home improvement projects and price your house accordingly.

Furthermore, it is important to assess the prices of comparable houses in your area. With this housing market information at your disposal, you can enter a home selling negotiation with data to support your arguments.

2. Understand Your Home Selling Goals

How a home seller approaches a negotiation may vary based on his or her goals.

For example, a home seller who needs to move out of a house as soon as possible may be willing to go above and beyond the call of duty to satisfy a property buyer's requests. By doing so, this home seller can speed up the property selling cycle.

On the other hand, a home seller who can afford to be patient may be unwilling to budge on various homebuyer requests.

Consider your home selling goals closely before you enter a negotiation with a homebuyer. And if you feel uncomfortable, you can always walk away from a negotiation and reenter the housing market.

3. Focus on the End Results

A home selling negotiation can become contentious, but it is important to remember the end goals of this negotiation.

Ultimately, a successful negotiation will meet the needs of both a property seller and buyer. If a negotiation heavily favors a homebuyer, a home seller should be ready to exit the negotiation.

A home selling negotiation can be stressful, and you should be ready to take breaks as needed. For example, spending a few minutes meditating or walking outdoors may help you clear your head and reenter a home selling negotiation with a fresh perspective.

Lastly, if you want additional support, real estate agents are happy to help you. A real estate agent knows what it takes to negotiate with homebuyers and will do everything possible to ensure all parties involved in a negotiation get the best results.

Take the guesswork out of a home selling negotiation – use these tips, and you can prepare for a difficult negotiation before you add your house to the real estate market.




Categories: Uncategorized  


Posted by Joyce Torelli on 7/4/2018

One thing that you’ll need to think about when you’re buying a home is that of property taxes. Many first-time homebuyers don’t even consider the property taxes in the midst of their excitement of buying the perfect home. There’s many different kinds of tax issues that homebuyers might face when they purchase a home. We’ll educate you on how to tackle the issue of property taxes. 


Do Your Research


You should most definitely research property taxes before you buy a home. You don’t want to be surprised to find out that your new home will have special assessments or a huge tax rate increase in the near future. Some things to look out for:


  • Tax rate increases
  • Home reassessments
  • Supplemental tax bills


The first question that you should ask your realtor is “What is the current tax bill?” This will give you a good starting point for your property tax research. 


Supplemental Tax Bills


A supplemental tax bill is basically a new homeowner’s overlapping bill of the previous owner’s taxes. Sometimes, this can include construction or additions made to the home that have increased the property value. This is also known as a “reassessment of property value.” Work with your realtor to discover whether this will be an issue.  


Multiple Taxes For One Property


Depending upon where you are, you could face more than one kind of property tax. Special taxes imposed by states, counties and districts, as well as water and sewer can create additional fees. 


Why You Have An Escrow Account


Homeowners are often required to have an escrow account. This will set aside funds for these types of expenses. The loan company will give an estimate of the amount of taxes and insurance due. Then, costs such as taxes and insurance are taken out of this account. If you are paying these fees through an escrow account, you should keep a close eye on it. Sometimes, payments fail to be made on time. You as the homeowner are then responsible for any late fees. You want to avoid these problems by checking the account frequently.   


How Property Taxes Are Calculated


Property taxes are generally based on the value of the home. Each state and city uses their own formulas in order to calculate these fees. This is what can make property taxes a bit unpredictable. Property taxes can increase or decrease over time due to these factors that are included in each municipality’s formula.               


Tax Credits


A tax credit is a rebate that’s provided by the city or state. This could be in the form of an income tax credit. As home values have risen, so haven’t property tax bills, so these credits are welcome in today’s economy. 


Tax Deferrals


Some people are eligible for property tax deferrals. This allows the homeowner to pay all or part of the property tax until a later date when a home is sold. Many deferrals are geared towards low-income homes and senior citizens. These people would most benefit from this type of savings. Be careful though if you fall into one of these categories. Some states have much higher income taxes than property taxes, so the fees end up evening out. 


The most important thing you can do when it comes to property taxes is your research. Once you have numbers, you can make a more informed decision about purchasing a property.





Posted by Joyce Torelli on 7/2/2018

This Multi-Family in Marlborough, MA recently sold for $340,418. This style home was sold by Joyce Torelli - ERA Key Realty Services - Distinctive Group.


131 South St., Marlborough, MA 01752

Multi-Family

$349,900
Price
$340,418
Sale Price

2
Units
2,004
Approx. GLA
Great UPDATED (currently Owner Occupied) 2-Family on wonderful 1/3 acre lot! INVESTORS SEE! Parking 4-5 autos side by side! Lovely Open Floor plan from White Kitchens to Living/Fam. room areas, 3 Bedrms for 1st.Flr. Unit, Ceiling Fans, much nice laminate flooring, Full Tiled Bathroom with extended Vanity, and large back entry to 28/30Ft. Deck, & Backyard. 2ND. FLR unit: Open Kitchen to Liv/Fam.rm., 2 Bedrms, Full Bath, Deck, & 2 finished Attic rooms with separate Elec.Heat. UPDATES/Features: Arch. Roof 2017, 1st.Flr. Weil-McLain Furnace@3yrs., 2nd Flr. High Efficiency Navien Heat/HtWtr @6yrs.old, Much new interior paint, Ceiling Lights, Thermopane Tilt Windows, and 100 Amp. Circuit Breakers for each unit. Walk to downtown (Starbucks), AMSA Charter School, Memorial Beach & Recreation, Ghiloni Park (track/walking trail/playground/soccer & softball), Solomon Pond Mall. T-Station next town in Southboro, Great/Quick access to major Rts./ M.Pike. SUPERB RENTAL MARKET!

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Categories: Sold Homes