Archive for the ‘Joan Parcewski’ Category

Bedford Asking Prices Can’t Beat this Week’s $10 Example

It’s true that today’s Bedford asking prices fall into a wide range—occasionally even at temptingly reduced levels. But last week came news of one that I have to admit beat them all by a mile (at least regarding the asking price). This was found in Montclair, New Jersey. CBS interviewed the selling agent. Money Magazine wrote it up. The NAR highlighted it.

Photos made the offering all the more interesting since the asking price was so low—yet the pictures were not, as any well-schooled real estate watcher would have expected, fuzzy images of some run down dump. The shots all showed a pristine historical (1904) 4-bedroom, 2-bath beauty, seemingly presiding in stately repose over well-manicured grounds. It looked like, well—a mansion.

The asking price is $10.

For those budget-minded Bedford home shoppers who would never consider making a first offer at full asking price, in this instance, you might make an exception. Since the current asking price has already been reduced from $1,400,000, you have to expect that the owner will probably not be willing to come down much further. The $10 is probably a take-it-or-leave-it number.

But lest any Bedford house hunters think about packing their bags for the trip to Montclair for a tour of the property, it’s only fair to elaborate on what anyone would already be assuming: namely, that there must be a few problems.

Local house hunters will appreciate the first problem, which is location. The house not only isn’t in Bedford, but it’s also currently sited on land that has been sold to a developer. It has to be moved. Moving a three-story 3,912 sq. ft. structure of this size is an expensive undertaking. Although the current owner is offering to contribute $10,000 toward solving that problem, anyone who has ever overseen this kind of house-moving project knows that the details (digging up the foundation, wedging in all the I-beams, jacking up the structure, getting it up on the trailer beds, etc.) comprise a pricey, open-ended proposition.

Local house hunters would encounter another problem, which is that, as a historically significant local landmark, the powers-that-be in Montclair have made it clear that the mansion won’t be allowed to be moved beyond the city limits. So transplanting it to anywhere in Bedford isn’t a possibility. Another problem: having been designated an historical monument, the home will have to be treated tenderly by its new owner. “Handle like eggs” might be the watchword. That could prove as tricky as trucking it off to its new Montclair destination.

Fortunately, the current batch of area listings offers buyers Bedford asking prices that may be a bit steeper, but represent opportunities with significantly fewer complications. They may carry asking prices less head-turning than the $10 listing, but when you consider the big picture, they constitute significantly better bargains. Call for details!

Joan Parcewski —CRS, MRP, CSHP, SRES, CBR, LMC, Realtor & Notary
978-376-3978   JParcewski@LAERRealty.com    OR    JParcewski@gmail.com
 
Licensed MA & NH    
Introductory Video  https://youtu.be/RrM4q17cjU0

Long Term Strategic Thinking for Selling Your Burlington Home

Selling your Burlington home is never something you do on a whim. There can be rare situations when the decision to sell is a sudden one that’s forced by unexpected life circumstances (favorable or not)—but selling your Burlington home is not likely to be the result of some sudden impulse.

Since that’s the case, it follows that most of us will have been aware for some time that we will be selling sooner or later. That gives us some leeway for improving the ultimate results we can expect when an eventual sale takes place. Thinking about that, and acting upon it, constitutes a strategic advantage.

The tactics for selling your Burlington home will vary when the day comes, depending on market conditions, what comparable properties are the most sought-after at the time, etc. Such factors are somewhat unpredictable. But tactics and strategy are different. Strategy can start anytime. It can start right now!

Here’s an example I came across in an old blog post. Instead of discussing selling your Burlington home, it dealt with the kind of decision investors make when they are rehabilitating investment properties they intend to rent out. Landlords know there are good tenants and bad tenants, so their best strategy is to develop a property that will retain maximum value in either case. An example is a decision they sometimes have to make when they’ve acquired a home that calls for some rehabbing: should they install carpeting or hardwood flooring?

Most experienced investors tend to go with the hardwood. Not only does it stand up better when it comes to regular wear and tear—it also signals quality to most people. That is also true for carpeting when it’s newly installed, but over time, the effect is lost. A scratched hardwood floor can be refinished, but worn carpeting is a start-over situation. It’s a strategic choice.

When the day arrives when selling your Burlington home becomes reality, if you have been making similar long-term strategic decisions all along, the results will be rewarding. Preparing for sale will not only require much less effort and expense—it has every likelihood of returning the results every seller hopes for.

Whether selling your own Burlington home is an immediate or distant prospect, you are always invited to give me a call to discuss any of your own ideas and questions when it comes to any and all Burlington real estate matters. I’ll be standing by!

Joan Parcewski —CRS, MRP, CSHP, SRES, CBR, LMC, Realtor & Notary
978-376-3978   JParcewski@LAERRealty.com    OR    JParcewski@gmail.com
 
Licensed MA & NH    
Introductory Video  https://youtu.be/RrM4q17cjU0

Buyer’s Remorse, Billerica Mortgage Rates, and Summertime

Mortgage rates in Billerica remained mostly steady this past month, at least partially due to the predictable July-August doldrum effect. When the summertime vacation schedules of Washington and Manhattan movers and shakers presages a slowdown in activity and economic reports, there is simply less going on that might affect the rate meter—in either direction.

Summertime can also mark the beginning of a nationwide tapering off of real estate’s peak selling season. With the added factor of mortgage rates in (town) looking as if they will remain invitingly low for the near future, fear of a sudden rate rise is ebbing as well. It’s the kind of  apprehension that can spur some buyers into feeling the need to scoop up some of Billerica’s current inventory with less than due diligence, so that’s a positive development—especially if a new report from Trulia is accurate.

Trulia’s report highlighted the importance of careful deliberation for new buyers. A wide-ranging poll registered the startling fact that nearly half of Americans are willing to express some form of buyer’s remorse about their home soon after purchase.

Trulia found the top regret came in not choosing the right sized home. The lion’s share belonged to the third of homeowners who wished they’d bought a larger place. This might have been expected among those whose budgets wouldn’t accommodate a “dream home” property, yet even among Americans earning $100,000 or more, according to the study, 16% regretted having bought a home that was proving too small for their liking.

The takeaway is simple: if you are thinking of buying in the near future, allowing any outside factors (including Billerica mortgage rates) to push you into a home that isn’t right for you and your family can have an immediate downside. Buying a home is definitely a venture that rewards cool reflection…even when a potential dream home is in on the horizon.

At least for the moment, mortgage rates in (town) remain at historically affordable levels.  If you’re looking to buy this year, be sure to keep your “must have” list handy as you assess the emerging inventory. Better still, when you give me a call, I’ll be happy to turn my professional efforts to helping with the monitoring effort. I’m here all summer standing by!

Joan Parcewski —CRS, MRP, CSHP, SRES, CBR, LMC, Realtor & Notary
978-376-3978   JParcewski@LAERRealty.com    OR    JParcewski@gmail.com
 
Licensed MA & NH    
Introductory Video  https://youtu.be/RrM4q17cjU0

 

6 Categories of Bedford House Hunters

Trying to categorize prospective buyers’ motivations and levels of seriousness is something that’s hard to resist. Many a successful seller will tell you how they originally mistook the ultimate buyer for an unreliable looky-loo (or vice-versa). Still, judging from the articles written on the subject, apparently it’s worthwhile recognizing the different sorts of house hunters and the categories that describe them. Category names vary, but here are six cited most frequently:

  1. Serious surveyor. The most common variety of house hunter, the serious surveyor has usually viewed the Bedford listings online, prepared a budget, and possibly even pre-qualified with a lender. The serious surveyor is patient—if a home fitting their must-have list isn’t available within the budget, they’ll keep hunting until the pieces fall into place.
  2. Burn-up-the-tracker (aka Relo Express). These house hunters are usually motivated by factors that force a quick decision. They can be in danger of succumbing to the stress of the circumstances, which could result in a less-than-optimal buying decision. If I am their agent, it’s my job to alleviate as much of the stress as possible by making sure that they are exposed expeditiously to the Bedford listings that meet their requirements.
  3. Laid-backer. This house hunter is in no hurry to go beyond the canvassing-Bedford stage. This can be due to their current housing situation (as when a future purchase can only be finalized after their own home has been sold), or because the laid-backer isn’t totally convinced that they really want to move. This buyer is not to be confused with a true looky-loo, who is not really a buyer at all. On the contrary, many a laid-backer becomes an enthusiastic buyer once they feel educated about the Bedford offerings and discover an appealing property.
  4. Hard Sell. House hunting can be a delightful opportunity to tour Bedford homes that are at their best: spit-and-polished for inspection by qualified prospective buyers. For the hard sell buyer, however, it’s likely to be less fun. This house hunter has probably had some bad earlier house hunting experience or other because distrust of almost every detail rules the day. In truth, it’s a fine idea to subscribe to the “trust but verify” school of house hunting—that’s why a home inspection should always be on the agenda. But it’s too bad if there’s no measure of enjoyment to be had in the process.
  5. Market Buster. Fully aware that in any buyer-seller relationship the buyer-side ultimately makes the important decisions, this house hunter is focused on making a deal that defies market realities. That may be possible—but sometimes the result is more predictable: most properties that can be had at below-market levels are priced that way for a reason.
  6. Frozen. This is a rarely seen Bedford house hunter: frozen in indecision either because of the momentous nature of the decision, a bewildering array of appealing offerings, or a shifting set of their own priorities. Frozen house hunters can become unfrozen if they miss out on a home they realize in retrospect was the one!

You needn’t try to fit into any category to succeed in your own Bedford house hunting venture. One step I can guarantee will advance the process: call me!

Joan Parcewski —CRS, MRP, CSHP, SRES, CBR, LMC, Realtor & Notary
978-376-3978   JParcewski@LAERRealty.com    OR    JParcewski@gmail.com
 
Licensed MA & NH    
Introductory Video  https://youtu.be/RrM4q17cjU0

 

Laer Realty PartnersJoan_Parcewski (1 of 1)

Selling Your Burlington Home for Profit (that’s the Fun Part!)

Every once in a while you can be checking through the accumulation of notes and other odds and ends when you find something that doesn’t look familiar. Possibly it’s something someone handed to you that you didn’t have time to look at previously. It’s just there, somehow—who knows how or when it got mixed in with your own notes.

Here’s one of those. It’s a memo that came out of a printer, so there’s no handwriting which might have provided evidence of its origin. When I read it, everything in it rang true—and valuable. Here it is in its entirety (I have fixed a spelling error or two):

—————-

Keys to Selling Your Home for Profit

 

-smart modest investments (new stainless steel appliances, new carpet, etc)

-smart exterior improvement (clean landscape lines, strategic color pops, fresh mulch, new exterior paint/trim)

-stage it! Stage indoors and outdoors during warm months. Research average return on staging statistic.

 

Unless it’s a fixer, then these tips don’t apply, in that case to make the most money, don’t invest in any improvements, just price to sell!

—————-

 

If I had one thing to add, it would be the “staging statistic” that the author (who was obviously pressed for time) seems to have wanted to include.

Boiling down Realtor® Magazine’s most detailed analysis of the topic (2015), they found that “A staged home will sell for 17% more on average than a non-staged home.” Furthermore, when it comes to speed in selling your home, staged offerings left their non-staged competitors in the dust: they sold “87% faster.” Those statistics might be a little misleading, since if you are selling your Burlington home and either willing to hire a professional or else put in the work yourself, you are automatically more energetically focused on the sale—itself a plus.

Selling your Burlington home profitably is everyone’s goal from the start to finish of the process. I offer the local knowledge and expertise that has helped me perform exactly that for my clients through years of practice and experience. That’s the best reason to give me a call!

Joan Parcewski —CRS, MRP, CSHP, SRES, CBR, LMC, Realtor & Notary
978-376-3978   JParcewski@LAERRealty.com    OR    JParcewski@gmail.com
 
Licensed MA & NH    
Introductory Video  https://youtu.be/RrM4q17cjU0
Laer Realty Partners     Joan_Parcewski (1 of 1)

 

Top 3 Ways Billerica Homes Could Save on Insurance

For most area homeowners, the 110-decibel wail of nearby fire engines may not be a sought-after feature when selecting the ideal neighborhood.

Nonetheless, according to The Wall Street Journal, living close to firehouse has its advantages. Safety is one. A reduction in your homeowner’s insurance bill, another.

Not all homes in Billerica can have the advantage of being next door to a firehouse, but just about everybody knows that having the proper insurance is important to protect not only the structure itself but also the valuables within. Here are three possible actions you could take this month, any or all of which might reduce the cost of your homeowner’s insurance premium:

Shop Around – We are much more likely to spend our time “liking” dancing cat photos on social media annually than in planning advanced insurance plan strategies. Nonetheless, a visit to the website of the National Association of Insurance Commissioners can help identify important nuances when selecting a vendor. Example: review complaints.

Reduce Coverages – Most people insure their homes for the full amount they paid at the time of purchase. If you bought your home in Billerica for $450k, you automatically insured it for that amount. But in the event of a loss event like a fire, you don’t necessarily need the full purchase price to rebuild the property—remember, that purchase price included the cost of the land. This idea should be weighed realistically against today’s costs. Take care not to go light on the replacement cost of your belongings (many folks do). A new inventory can help in that department.

Just Ask! – While discounts vary with each insurer, the following details might qualify your home in Billerica for a discount if you just go ahead and inquire:

  • Multi-policies with the same company.
  • Length of time with the same company.
  • A smoke detector or sprinkler system.
  • An alarm system, deadbolt locks, or other security measures.
  • You have not made a claim in recent history.
  • Your household doesn’t include smokers.
  • You qualify for a senior discount.
  • Your credit score has improved.

While not all of us are willing to move next door to a firehouse to save on our home insurance, there are multiple ways to whittle down policy premiums. I’m here as a resource for your Billerica property-related questions anytime: just give me a call!

Joan Parcewski —CRS, MRP, CSHP, SRES, CBR, LMC, Realtor & Notary
978-376-3978   JParcewski@LAERRealty.com    OR    JParcewski@gmail.com
 
Licensed MA & NH    
Introductory Video  https://youtu.be/RrM4q17cjU0
Joan_Parcewski (1 of 1)    Laer Realty Partners

 

 

Joan Parcewski – Realtor Neighborhood Ambassador

Wouldn’t you want to get to know the realtor who has taken the time to get to know the businesses, organizations, people in the local neighborhood?

I am very excited to announce that I have committed to become the neighborhood ambassador for both Bedford and Billerica.  It not only is an opportunity for me to get to know more about each of these towns -their history, their residents, the local businesses (large and small), events, news and more.

Living in any town is more than just the home you live in, it is the possibilities of how you can get involved – in town meetings, on a local committee, as a volunteer at your child’s school.

Check out either Parkbench.com/Bedford  OR   Parkbench.com/Billerica – and subscribe to get automatic updates  or keep checking back –  The sites are updated regularly.  Here is a quick link to a recent blog post

https://parkbench.com/blog/griggs-farm-farmers-market-bedford-billy-griggs

https://parkbench.com/blog/growin-minds-preschool-day-cares-billerica-carolina-mango

 

Joan Parcewski —CRS, MRP, CSHP, SRES, CBR, LMC, Realtor & Notary
978-376-3978   JParcewski@LAERRealty.com    OR    JParcewski@gmail.com
 
Licensed MA & NH    
Introductory Video  https://youtu.be/RrM4q17cjU0
Laer Realty PartnersJoan_Parcewski (1 of 1)
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