Posted by Bill Gassett on 2/9/2013
5 Reasons Selling A Home Now Makes Sense!

Home Inventory at Record Lows
The inventory of homes for sale all around the Metrowest Boston area have dropped substantially over the last six months. The amount of homes for sale in most communities have fallen to lows we have not seen for many years! When home inventory levels drop home prices tend to rise. This will become even more prevalent in a popular neighborhood where buyer competition is high. Through out many Massachusetts towns this Spring there are more than likely going to be bidding wars. We have already started to see this trend on homes hitting the market now.Demand is Up
Contrary to what some people may think there are lots of buyer's out in the market place right now looking for a home. Some are first time buyer's who are looking for a place to build some equity. There are others who see an opportunity to "move up" in the market as home prices have dropped substantially since the market peak in 2005.Renting vs Buying
In many areas the cost of renting vs buying a home has become the same and in some cases it is actually cheaper to buy a home. Rents in many locales have steadily increased over the last 5-7 years while home prices have dropped. If you factor in the potential benefits of building equity and some tax breaks with home ownership, you can see why it might make sense for some who have plans to stay in one spot for the long term.Interest Rates Going Up
Interest rates are at record lows at the moment and most economists predict they won't stay that way for too much longer into the foreseeable future. While interest rates are not predicted to move up dramatically, even time they inch up a half a point they can knock out a percentage of first time home buyer's out of the market. The first time buyer's fuel the rest of the market like dominoes.New Construction Coming Back
In some Massachusetts communities builders are starting to get back into the fray. When builders are actively building homes it becomes harder for some who are selling their used homes to compete. There are many that will jump at the chance to have a shiny new home with all the bells and whistles customized to their specific needs. In summary if there are no time constraints on your part you should consider moving up your time frame for putting your home up for sale. Some of the towns West of Boston that have been really hot and have an extreme shortage of housing include Hopkinton, Framingham, and Franklin. Each of these communities are quite different from one another but all share the commonality of being hot places to live. If you happen to live in the Metrowest area and are considering selling your home, you may be one step ahead of the competition by going ahead now!Posted by Bill Gassett on 1/25/2013
Are you considering purchasing a home somewhere in the Franklin Massachusetts area and would love to find new construction but have found that it is not in your budget? If this is the case you need to come and check out the newly listed home at 8 Flintlocke Road in Franklin Massachusetts! A builder purchased the home and has gone in and completely remodeled the place from top to bottom.
There is an extensive list of work that has been completed including a new roof, windows, heating and cooling. The interior has had a complete make over including a new kitchen, new baths, new floors and painted throughout.
For much more detail on this Franklin home you can visit this link: http://www.maxrealestateexposure.com/8-flintlocke-road-franklin-ma-02038/ where you will see detailed descriptions, some interior photos, along with a Google map that shows the exact location of the property. The home is listed at $400,000.

Posted by Bill Gassett on 1/16/2013

Bill Gassett
Realtor
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