Posts Tagged ‘Billerica’

Billerica Homeowners Gain from Home Value Optimism

More than half of U.S. homeowners expect their home’s value to rise in the coming year. For Billerica real estate watchers who track public sentiment as a market indicator, the news comes as a welcome addition to other reports of rising consumer optimism regarding the economy as a whole.

The finding comes from a national telephone and online survey conducted earlier this month by the Rasmussen Reports organization. It signals an acceleration in a year-long trend of rising expectations among U.S. homeowners. A year earlier, fewer than 40% had predicted that their own home values would rise in the coming year. In this latest report, that number has increased to 53%—a leap of 12% over the March finding. According to Rasmussen summary, this amounts to “a record high” in optimism about future home values.

Billerica homeowners who plan to list their own properties in the immediate future have reason to welcome measures of positive expectations. When most people expect Billerica home values to rise, buyers are apt to view current market prices in terms of their investment potential. This can prove to be important—especially when values have been on the rise for a while.

This latest Rasmussen finding was all the more impressive in that it marked the first time in eight years that a majority of those sampled expressed optimism about future home values. It is in sync with a heavy majority of industry prognosticators who predict home value increases in the coming year.

It’s always good news when there is general agreement that Billerica home values are expected to continue to rise. If your own future includes the possibility of buying or selling in the coming year, I’d like to help—call me anytime!

Joan Parcewski, Realtor & Notary

LAER Realty Partners           http://www.JoanParcewski.LAERRealty.com

JParcewski@LAERRealty.com    cell 978-376-3978

 

Laer Realty PartnersJoan Parcewski Full Picture 102017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing Your Billerica Home’s Sale

Hardly anyone decides to put their own Billerica house up for sale without wondering whether there wouldn’t be a better time to do so. There are a couple of different ways to look at the timing of your Billerica home’s sale—but only one of them is controversial.

Controversial: timing by the calendar. A good number of real estate commentators think that the optimal timing for any home’s sale is during the spring/summer season. In the residential real estate lexicon that’s the “peak selling season.” Statistics validate their point. Since the majority of transactions are in fact initiated during the good weather months when the sun shines the longest, it might seem to make the most sense.

The controversy arises when it’s pointed out that this notion is so commonly held that timing your home sale to list it during the peak puts you in competition with many more sellers. Peak season proponents don’t think that’s a problem since there are also more buyers in the market. Naysayers counter that house-hunters in poorer weather are demonstrating that they are more committed—by definition, they are better prospects. And so on—and on. The argument isn’t likely to be settled any time soon.

Non-Controversial: timing by your personal calendar. This argues for disregarding the wall calendar in favor of letting your personal situation dictate the timing for your own Billerica home sale. Financial commentators make the argument that when your home no longer fits your lifestyle, that’s all the timing you need to pay attention to…if your financial ducks are in a row. The seasonal timing debate can be argued either way, but almost everyone agrees that the underlying economics should dictate the final word on timing.

Once your debt situation is in control, and you’re confident that you can afford the move to your next house, the only timing issue remaining is allowing enough of it to bring your current Billerica home up to prime showing condition. Whenever your personal situation aligns to suggests it’s time to start thinking about selling, one timing element I can heartily suggest is to give me a call. We’ll have a no-obligation discussion about if and when to get the ball rolling

Joan Parcewski, Realtor & Notary

LAER Realty Partners           http://www.JoanParcewski.LAERRealty.com

JParcewski@LAERRealty.com    cell 978-376-3978

Laer Realty PartnersJoan Parcewski Full Picture 102017

Billerica Real Estate’s Unlikely New Player: Amazon.com

Amazon has invaded the realm of real estate—but you couldn’t say it’s happening in a big way.

It’s happening in a tiny way.

Last week the improbable news arrived that the web’s 400-pound gorilla had made its first foray into the realm of real estate. Since Billerica real estate (like all real estate) is by definition local, its very nature would seem to preclude the buying and selling of homes as a mail order enterprise. But since Amazon.com has succeeded in other industries where failure had been assumed (high-end fashion, for instance), could local Billerica real estate soon be monopolized by a tsunami of Amazon Prime home sales? At least it warranted some looking into!

It turned out that Billerica real estate was not likely to be overcome anytime soon. The Amazon listings that showed up are hard to find, and not likely to tempt many Billerica home shoppers. The few listings were only searchable when you entered “tiny homes”—and the few homes being offered were sandwiched in between how-to books about designing and building very small cabins.

(Here, a note for Billerica residents who aren’t familiar with the “tiny homes” phenomenon…they are what the name says: structures smaller than 400 square feet…although some can be as microscopic as 80 square feet, most are in the 300-350 range).

You may not find too many tiny homes in Billerica, but the movement is nation-wide. And the concept is not as far-fetched as it might seem. Anyone who has taken weeks-long vacations in campers or lived for any stretch of time on a pleasure boat knows that you can reduce your living space to a slender minimum if you plan carefully.

Back to Amazon. The lead-off listing was a pre-fab tiny home converted from a shipping container. Like any good Billerica real estate listing, the details pointed out key selling points (in this case, the shipping container was new). Price was a thrifty $36,000, which would be even more thrifty if the “$0.00 estimated tax” turns out to be accurate. The customer reviews were mixed, with one in particular naming a possible sticking point: meeting Massachusetts and Billerica building codes. Additionally, Amazon Prime members who revel in their free delivery perk were bound to be disappointed: the tiny home wasn’t eligible (they’d have to pony up another $3,754 in shipping fees).

If your own Billerica home buying or selling requirements are greater than the tiny home square footage limit, I’m here to lend a hand. Call me!

Joan Parcewski, Realtor & Notary

LAER Realty Partners           http://www.JoanParcewski.LAERRealty.com

JParcewski@LAERRealty.com    cell 978-376-3978

 

Joan Parcewski Full Picture 102017Laer Realty Partners

 

Thoughts as Billerica’s Summertime Ends…

Friday is the official last day of Billerica’s 2017 summer, but for most of us, the season has been feeling a lot more like fall ever since Labor Day. It isn’t the weather so much as the psychological factor. Things like the passing of that last summertime three-day weekend and watching Billerica’s seasonal businesses post hour change signs. As the school busses appear every morning, you also don’t have to have kids in school to register what all the activity signals: Billerica’s summer is over.

Pinterest, the internet’s foremost collecting place for everyone’s pictures of everything has scores of pages of photos and drawings with Last Days of Summer themes. Some of them do extract a sigh or two. It may have been decades since you last experienced a cookout with friends as the summer sun sets, or watched a little one discovering that the cold tidewater will get your toes if you don’t back away in time—but the thought that the chance to revisit such moments has slipped away till next year is a sigh-producer for most.

The Pinterest collections had lots of swimming pool and beach pictures (including many dogs-in-swimming-pools, for some reason), as well as barbecue grills and drinks with limes in them. They did a good job of making you wish Billerica’s summer could last just a little bit longer…

On the bright side, since they were also heavy with ice cream and popsicle imagery, it prompted the realization that some Billerica summer attractions won’t be disappearing at all! There’s no law that says Billerica’s autumn won’t include an ice cream cone or two. Besides, it’s a fact that the summertime pastime of racing to get to the bottom of the cone before it melts all over the place is easier to win as the weather gets colder. Another plus is how, before long, autumnal treats like pumpkin-flavored ice cream are going to show up again.

With Billerica’s official Last Day of Summer coming on Friday, those whose favorite season arrives with the fall have only the weekend before it’s here. It will be many months before fall fanciers will have to resort to Pinterest to relive the Last Days of Autumn collections. They will undoubtedly find lots of pictures of high school football games, trees ablaze with orange-gold color, turkeys—but let’s not jump the gun; all that is yet to come!

In the meantime, season in and season out, call me whenever Billerica real estate matters need to be attended to!

Joan Parcewski, Realtor & Notary

LAER Realty Partners           http://www.JoanParcewski.LAERRealty.com

JParcewski@LAERRealty.com    cell 978-376-3978

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Hurricane News Overshadows All but One Bright Spot

Last weekend’s regular Massachusetts news should have been promoting all the usual upbeat feature stories about the onset of football season, the start of a brand new school year, the finals of tennis’ last grand slam tournament and the like—but Billerica readers would have gotten eye strain trying to find any of them. Instead, the dark clouds brought by Hurricanes Irma and Harvey cast dense shadows across the region and the nation’s news. It was certain, too, that even after the terror of their actual passages had subsided, the fallout would continue to reverberate—expensively—for a very long time.

What was covered was how the prayers of millions not directly affected were being answered by many thousands of Good Samaritan volunteers. That uplifting story was joined by another, too; a piece of hurricane-related real estate news. Too bad it was all but drowned out by the fury of the storms and their tragic aftermaths.

Nonetheless, for Harvey-stricken Houston area homeowners with home loans backed by FHA, Fannie Mae or Freddie Mac, the announcement came that evictions and foreclosures would be suspended immediately. Added: the same government-backed entities would forego demands for monthly payments for at least 90 days (along with hints that “in some cases” that relief might be extended for up to a year).

As for those just beginning the climb out from Hurricane Irma’s destruction, I think it would be all but inconceivable that the same relief won’t be swiftly forthcoming for those homeowners—even if the size and cost of that will eclipse the cost of defraying the Harvey-affected loans. The small print has it that interest will continue to accrue—but Billerica onlookers will probably agree that the immediate granting of this relief is more than welcome at this juncture.

It’s really too soon to be able to concentrate on what happens in the months and years to come­—but the future of the American story is entirely predictable. This year we may have lost focus on traditional late summer sports, but in the championship ring of our real world and our real communities, we don’t suffer knockdowns easily. In U.S. history, there are no true KOs; there won’t be this time, either. The communities Americans rebuild will be better than ever!

Joan Parcewski, Realtor & Notary

LAER Realty Partners           http://www.JoanParcewski.LAERRealty.com

JParcewski@LAERRealty.com    cell 978-376-3978

 

Laer Realty Partners     Joan_Parcewski (1 of 1)

 

Top 4 Post-Labor Day House Hunting Changes

A while back, Forbes noted what they called “The Four Ways the Real Estate Market Changes” after Labor Day. The article recognized a truism that holds for most parts of Massachusetts—namely, that the period between Labor Day and Thanksgiving is what most of us think of as “fall.” It went on to describe four ways the change of seasons alters the house hunting landscape.

Although I may not agree entirely with their broad brush proposition that a great number of house hunters throw in the towel after Labor Day, the four market changes described are often true enough.

  1. More of a buyer’s market. Buyers who have held off through the prime selling seasons are more apt to find sellers who are more open to negotiation.
  2. Action increases for vacation homes. This is prime time for Billerica home shoppers whose eyes are on vacation homes. By purchasing in the fall, “you can have it bought and furnished by spring.”
  3. Price dips. House hunters find that asking prices, like the autumn leaves, fall. Forbes may have simply been unable to resist the simile, but in many cases, it’s true!
  4. Open-ended house hunting. Time pressures (like having to be moved in by the first day of school) will have vanished by Labor Day, so many Billerica house hunters tend to adopt a more leisurely house hunting attitude. There may also be something about crisp autumn days (and they’ll be here soon enough) that helps contribute to a more relaxed atmosphere—at least until the Holidays loom!

Every Billerica house hunter has specific individual goals and expectations—and of course, the same is true for sellers, as well. But it does seem to be true that post-Labor Day Billerica listings tend to include an uptick in price reductions—as well as some withdrawals that, as Forbes might have it, “will sprout anew” come springtime.

If your busy summer included activities and travel that kept you fully occupied, now may be an opportune time to inaugurate your own Billerica  house hunting venture. If so, do give me a call!

Joan Parcewski, Realtor & Notary

LAER Realty Partners        www.JoanParcewski.LAERRealty.com

JParcewski@LAERRealty.com   c  978-376-3978

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Eclipse in Billerica: 99 Years in the Making, but…

By the beginning of Billerica’s new week, Monday’s eclipse had been so thoroughly chronicled as having been “99 years in the making!” you could be forgiven for any anxiety that might result if you’d been unable to arrange to be where viewing was best. After all, we’ve been hearing from all corners that such an event doesn’t always happen within any given lifetime, for goodness sake! The undeniable takeaway was it’s now or never! Better have those proper viewing glasses at the ready, and get yourself over to where the cloud cover isn’t.

This is not to minimize the grandeur of the occasion. We may be treated to lunar eclipses from time to time—but a solar eclipse interrupts the natural order of things with its literally show-stopping astronomical spectacle. Anyone who has been tempted to fly off to a foreign venue to view one (they happen twice a year, somewhere on the planet) too often learns that it’s also risky business, meteorologically speaking. I recall a news item from a couple of years back about a tour group that set off for South America—where it clouded over five minutes before the event. If you were one of those crestfallen tourists, you’d have returned with little more to show for your expensive effort than a llama snapshot or two.

But in case you were one of the few Billerica locals whose Billerica eclipse experience turns out to be less than stellar, the pressure is off! Although it’s been 99 years since the last total eclipse crossed the mainland, there’s going to be another one, and soon (relatively speaking). You won’t have to wait until 2116, either.

It’s due only seven years from now!

In other words, on April 8, 2024, Billerica residents will have a second chance. The whole once-in-a-lifetime spectacular will have a return engagement. Not since Cher’s most recent retirement tour has such a déjà vu opportunity been in prospect.

The path will be quite different—southwest to northeast instead of northwest to southeast—so the Massachusetts and Billerica experience will be different—but since we will all be solar eclipse veterans, we should be well prepared for the experience. So let’s hang onto our eclipse viewing glasses—or if we never found any for sale, we’ve got nine years to correct the oversight.

In the intervening nine years, whenever any of the more terrestrial Billerica real estate matters arise, I hope you’ll 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
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