New Listing!

27 Topliff St, Billerica
$399,900

Unique “build sweat equity” opportunity! Main House is in need of updating and tlc but you can live in the updated inlaw while doing the work!! The main house features roughly 1344 sf, bright and airy with multiple bay & picture windows, an eat in kitchen, a separate dining area, front to back living room, first floor laundry & 3 season porch. 2nd floor offers 2 bedrooms (used to be 3 and could be converted back) and full bathroom. The inlaw which is attached by a large common mudroom/den, is roughly 768 sq ft of space and offers hardwood floors, cathedral ceiling living room, updated kitchen, full bath with your own laundry, and a large bedroom also with hardwood floors. 2 decks off the breezeway, private yard that is partially fenced, plenty of parking and as an added bonus a detached garage with work area. Home sold “as-is” home inspection for informational purposes only.

– For More Information & Pictures –

Are you ready for the spring market?

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There may be snow on the ground but Spring is just around the corner!

In most real estate markets the spring is the most common time to be selling a home, for multiple reasons.

  • Supply of ready, willing, and able buyers is the highest in the spring
  • Buyers typically get their income tax returns during the spring which can be put towards the purchase of a home
  • More daylight meaning homes will typically show better
  • Landscaping and curb appeal during the spring is better than the fall or winter months

 

What can you do to get ready?

Get Pre-Approved Before Spring
You need to be pre-approved for your loan, of course. Why get pre-approved months in advance? In most cases, there are ways to massage your circumstances to get you approved to borrow more, or to get a better rate.

 

Get your home ready!

Clean & Organize
I know it’s cliché but it’s imperative to give your home a thorough “spring cleaning.” This doesn’t mean wait until spring though. Be proactive and start cleaning now; you’ll be glad you didn’t wait. A huge turnoff for prospective buyers are foul odors. Things such as smoke odors and pet odors can kill home sales.

Begin Packing and Organizing Your Belongings
There’s no way to know for sure how long it will take for your home to sell – it could take a month, or years – and while it may seem crazy to start packing up your stuff before a sale occurs, it’s best to be prepared for any outcome.

Make Repairs and Improvements
The last thing anyone wants to do before they sell their home is to dump a bunch of money into it for an extensive renovation; however, there are minor repairs and improvements that can be made to make a home look fresher for potential buyers. (fresh paint, fresh hardware, etc…)

 

For more tips for Sellers & Buyers visit HomesWithCathy.com

Your Guide to November

 

  

General Election Day

 

Determines our elected officials on the federal, state, and local levels. Remember to vote!

 

 

 

 

 

Veterans Day (Observed Nov. 12)

 

 

In honor of all the brave men and women who have served our country: Thank you for your service.

 

 

 

 

 

 

World Diabetes Day

 

A global campaign to raise awareness for people with diabetes. Learn more and take action atworlddiabetesday.org.

 

 

 

 Great American Smokeout

 

An event sponsored by the American Cancer Society that challenges people to stop smoking and provides resources to help them quit.

 

 

 

 

 

 

National Adoption Day

 

Brings awareness to the more than 117,000 children in foster care who are awaiting a forever family.

 

 

 

 

 

 Thanksgiving

 

A time to gather with the ones we love and reflect on what we’re thankful for. Happy Thanksgiving to you and yours!

 

 

 

 

 

  

Black Friday

 

The official kickoff to the holiday shopping season, for those who love a good deal and don’t mind a crowd.

 

 

 

 

 

 

Cyber Monday

 

For those who love snagging a deal but do mind a crowd, shop from the comfort of your computer. Happy shopping!

 

 

 

 

 

 

November = Movember: a movement that encourages men to grow a mustache as a symbol of celebrating men’s health and to raise awareness regarding different male diseases.

November is the birth month of famous people such as Mark Twain, Winston Churchill, Georgia O’Keeffe, Bruce Lee, Scarlett Johansson, Martin Luther, Demi Moore, Leonardo DiCaprio, and Gordon Ramsay.

The Parker Brothers introduced the world to the Monopoly game on November 5, 1935.

Get Moving! 4 Urgent Reasons You Should Sell Your Home in 2017

If you’ve been sitting on the fence about selling your home, it might just be time to hop off. Now. To put it in other terms: 2017 is poised to be the year of the home seller, real estate experts say. So what are you waiting for?

“Sellers have been in the driver’s seat for the last two years, but this year is shaping up to be even better for several reasons,” says Jonathan Smoke, chief economist of realtor.com®. “Nothing is bad for sellers today.”

A combination of factors is coming together to make 2017 a prime seller’s market for most of the nation. Here’s what’s driving it:

Reason No. 1: Mortgage rates are still low

It’s all about rates, baby. Low mortgage rates translate to lower monthly costs. Lower costs entice buyers, which is good for sellers.

Although mortgage rates have been ticking up since mid-October to slightly over 4%, the rates for a 30-year fixed mortgage—the most popular home loan—are still hovering near 30-year lows. For now.

“We expect them to hold at this (4%) level for a while and continue to adjust up,” says Danielle Hale, managing director of housing research for the National Association of Realtors®. “Mortgage rates rarely move in a straight line. They could be in the 4.6% to 4.8% range by the end of the year.”

What does that have to do with home sellers? Well, potential buyers who are armed with that knowledge might hustle to close on a home before a rate hike.

What if you’re nowhere near ready to put your house on the market? That’s OK. Even if rates nudge up by the end of 2017, they’re still expected to be low enough to seduce buyers. The tipping point is when rates reach 5%, experts say. That’s when they could put the brakes on the robust real estate market.

“If they go above 5%, we’re going to see home prices come down,” says Trevor Levin, a real estate agent with Nourmand & Associates in Los Angeles.

Reason No. 2: Inventory is shrinking

Remember in Econ 101, when you learned that low supply and high demand lead to rising prices? The same is true—in spades—for residential real estate. When inventory shrinks, available homes become more valuable. As Martha Stewart would say, that’s a good thing for sellers.

Let’s put it in perspective: In 2007, just before the housing crash, existing home inventory peaked at 4.04 million homes for sale, according to NAR data. Fast-forward to November 2016: There were only 1.85 million homes for sale, 9.3% lower than the year before—and a whopping 54% lower than the 2007 peak.

“Quite simply, sellers this year have the least competition,” Smoke says.

And get this: Not only are there fewer homes for sale, but the time those homes have spent on the market has decreased year over year as well. If priced correctly, the typical home should move quickly, Smoke says. And that’s another boon for sellers.

“Many potential sellers don’t want to think about having to prep a home for showings and deal with an indefinite period of having to keep things in perfect shape,” he says. “Fast-moving inventory limits that pain.”

Reason No. 3: Home prices are rising

Lower inventory and greater demand have pushed up home prices. The median existing-home price in November 2016 was $234,900, up 6.8% from November 2015, when it was $220,000, according to the NAR. And that’s no fluke. That was the 57th consecutive month of year-over-year gains.

Higher prices particularly benefit the seller whose property value plunged during the recession, sometimes to less than he owed. Thanks to rising prices, many homeowners whose property was underwater can now sell without suffering a big loss.

“2017 will be a rare ‘balanced market’ for buyers, because even though mortgage rates are edging up, many sellers have recovered enough equity to be able to afford to sell,” says Colby Sambrotto, president and CEO of USRealty.com.

Reason No. 4: Job markets are strengthening

As unemployment decreases and wages (finally) increase, consumer confidence will climb. Increased confidence will spur buyers to jump into the market—which is, you guessed it—more good news for sellers.

These pieces of the puzzle create a “virtuous cycle,” Smoke says. It’s not a term he coined, but it’s one he hasn’t had a chance to use in many years.

“These things are all connected,” Smoke says. “If people are confident, they’re more likely to buy big-ticket items like houses and cars. And then they spend more money on other things. It reinforces the economy, creating a virtuous cycle.”

The only ‘bad’ news for sellers

If you sell your home today, you mostly likely will buy another. Then, all the economic factors that worked in your favor as a seller will work against you as a buyer.

Sellers have a few options. You can rent for a while, and hope that prices come down in the future. But whatever you save on the price of a house you could surrender when mortgage rates climb to 6%—as predicted for 2019 and 2020, Smoke says.

The take-home lesson: Don’t wait, because mortgage rates won’t.

“There are opportunities for a seller-turned-buyer who wants to downsize in this market,” Smoke says. “You can lock in financing rates that you’ll never see again, and very likely make the trade-off work.”

Source: http://www.realtor.com/advice/sell/reasons-sell-your-home-2017/

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