Tuesday, July 15, 2014

Boston Home Staging Tips for Summer

Staging a home is key to helping potential homebuyers visualize themselves in the space. From rearranging furniture to open up a room to clearing all of the clutter, staging your Boston home will be an important part of your selling strategy, even in the summer months!

Now that we're well into the summer season, that strategy should also be adapted to fit outdoor spaces. In a recent survey by Saber Grills, 1,500 homeowners were polled and 83 percent said outdoor living space is their favorite part of their home, with 81 percent calling the outdoor space "the heart of the home."

As a Boston home seller, it's important to apply the same principles of staging to your outdoor space. If you're new to the concept, start with the following tips for summer staging:

Reupholster Cushions
Every outdoor space is likely to have some furniture and in order to appeal to homebuyers, it should be in great shape. Use outdoor, water-repellent fabrics and change out the cushion covers. This is an easy, inexpensive fix that can quickly update your furniture and transform the feel of the space.

Tend to the Garage
One reason many homebuyers are looking to move this summer is a lack of space. If your Boston home includes a garage, highlight the potential by repainting the walls. An update that takes little effort and little money, a fresh coat of paint can reflect sunshine inside the home and bring homebuyers inside to showcase storage options. "It's important to keep the garage wall white; otherwise it will look cheap and tacky," one interior design expert told Realtor.com.

Plants
When selling your home in Boston, you can bring a sense of warmth to your outdoor space by purchasing inexpensive plants. You can place bright flowers outdoors during home tours and showings to appeal to homebuyers and place more of the same flowers inside near entryways to give the whole home a cohesive, consistent feel.

As your Boston real estate expert, I know there is much to be done to prepare a home for the real estate market in Boston. From updating your interior spaces, to making repairs and staging your outdoor living area, homebuyers will notice a home in great condition. Contact me today to discuss what we can do to help your home sell this summer!


Ken Snyder
Keller Williams Realty Boston-Metro
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Tuesday, July 8, 2014

Homebuyers— Market Moving Upward in Boston Real Estate

For many homebuyers in the Boston real estate market, the right time to buy can be difficult to determine. In fact, Boston homebuyers in the past months (even over the winter) may have "waited it out" to see where things were going in the local market. But with new data released by real estate brokerage Redfin, it seems homebuyers have much to be happy about going forward into the summer.

More Options, More Inventory
The past few months have been characterized by a lower amount of inventory for Boston homebuyers  With not much to choose from, buyers may have decided to put their moving plans on hold— but things are changing! "Inventories of existing home are 6 percent higher than year-ago levels," according to the National Association of Realtors. "The higher inventory levels of homes for sale means that buyers have more choices this summer."

Fewer Competition
The current Boston real estate market is seeing upward swings in inventory and on the other end of the spectrum, less competition. This is great news for homebuyers who may have been caught in a bidding war over other properties in the area. Bidding wars are down by double-digit margins this year, Redfin found, while competition from other buyers continues to fall.

Home Prices Slowing
One of the greatest hurdles of homeownership this season has been housing prices in the Boston Metro Area. Increases have priced out certain buyers or simply prompted others to continue saving and try again at a later date. However, this past May only saw a 5 percent increase of existing home prices compared to the previous year (double digit increases were common last year). "Homebuyers are benefiting from slower price growth due to the much-needed rising inventory levels," said the NAR's chief economist.

Lower Costs
When it comes to buying a home in Boston, the cost of borrowing plays a big factor. This summer, homebuyers can expect lower borrowing costs as mortgage rates are now less than half the historical average of a 30-year fixed-rate mortgage. Mortgage rates now are hovering around 4 percent, while the historical average is 8.7 percent.

If you're ready to buy a home in Boston this summer, I'd be happy to help! There are many other reasons to take advantage of this season's market conditions— Contact me to discuss!


Ken Snyder
Keller Williams Realty Boston-Metro
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Tuesday, July 1, 2014

Celebrate the 4th of July in Boston

The Fourth of July is almost here and many Boston area residents are planning their activities for the big day. Whether or not you decide to venture into the city to attend one of the many holiday events this year, Boston is a great place to spend Independence Day! From fireworks displays to live music and celebrations on the harbor, here's what is happening around the city on July 4 this year:

Boston Pops Fireworks Spectacular
July 3-4, 2014
The Hatch Shell
Boston, MA

This highly-anticipated annual event will kick off with the national anthem and flyover at 7:30 PM on July 4 before commencing its firework show over the Charles River. One of the best fireworks displays in the country (over 10,000!), the Boston Pops Spectacular also includes entertainment with this year's lineup boasting the Beach Boys, Megan Hilty, the Phantom of the Opera, and the Boston Children's Chorus. 

Boston Harborfest
July 2-6, 2014
Boston, MA

Boston Harborfest is a well-known celebration of the colonial heritage in Boston, including reenactments, concerts, historical tours, and more. Harborfest is now in its 33rd year and has grown to span over 4 days as the largest patriotic celebration in the country. There will be over 200 activities during the festival, so don't miss it!

Fireworks Cruise on the Boston Harbor
July 3, 2014; 7 PM
Odyssey Cruises
Boston, MA

What a great way to start off the Fourth of July weekend in Boston. Join Odyssey Cruises for a sail around Boston Harbor in addition to dinner and a fireworks display.

Fireworks Sail and Constitution
July 4, 2014; 10:30 AM to 1:30 PM
Moakley Federal Courthouse Dock
Boston, MA

This lunch and sail takes place alongside the USS Constitution as it pulls into Boston Harbor to Castle Island's Fort Independence for a 21-gun salute. In addition, a Fireworks Sail will also be offered for those wishing to watch fireworks from the deck of the Roseway as it pulls in Charlestown. Great for getting out of the city and watching fireworks from aboard a landmark boat!

Uncharted July 4th Fireworks Shindig
July 4, 2014; 7 PM
Coalition Space Boston
Boston, MA

Boston Uncharted is co-hosting this holiday event with Coalition Boston at their new space which has an incredible 19th story view of Boston and the Charles River! A great opportunity to watch a fireworks display from 19 stories up!

Boston is truly a remarkable city to spend Independence Day with unparalleled events for guests and residents alike. Watching the city come together to celebrate the stars and stripes is not something to miss! If you are considering a move to another home in Boston or are ready to move into the Boston Metro, I would be happy to hear from you!


Ken Snyder
Keller Williams Realty Boston-Metro
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Tuesday, June 24, 2014

3 Boston Home Repairs You Should Never Ignore

With a new season comes new weather and a new list of home repairs that Boston homeowners will soon take on. But keep in mind, there are some that are worth more of your attention and could ultimately end up costing you more money if you put them off. As a Boston homeowner, home value and keeping a well-maintained property should be at the top of your list. Don't delay on these repairs and typical home upkeep tasks and you'll save yourself a world of homeowner headache over the next few months and better yet, when the time comes to sell.

Appliances
Boston homebuyers are looking for updated appliances, but more so appliances that are safe and have great ratings. Consumer Reports magazine found that about half of residential fires each year are caused by faulty appliances, many of which had defects unknown to the homeowners. To be proactive, take note of the model and serial numbers on your appliances and check for recalls. Keep the list on hand to recheck periodically. 

Leaks
Water damage can be a major hassle for Boston homeowners who had hopes to sell their property soon, especially since it can be such a costly fix. Pay attention to any wet spots under cabinets, on ceilings, around pipes and of course, any drips or leaks you may spot. If you find them, fix them as soon as possible. Pushing off these repairs can cost you anywhere from a few hundred dollars to thousands depending on where the problem occurs, like the roof.

Flooring
Refinishing floors might not sound like a dire maintenance task, but in Boston real estate, hardwood floors can be a major selling point. All wood floors should be refinished throughout the years, but getting to the task before the old finish is worn and the floors need to be sanded can be a money (and Boston home) saver. "Sanding wears away some of the wood," advises HouseLogic. "Being able to skip that step can extend the life of your floor by decades." If you tend to the floors early on, you can save yourself hundreds and even refinish them yourself.

In Boston real estate, first impressions can be everything and homes with water damage, faulty appliances and even scratched flooring may not make it to a homebuyer's wish list. Boston homeowners should pay close attention to these areas of the home, especially if you have hopes of selling this summer or in the coming months. As your Boston real estate expert, I'm happy to help you get an idea of what buyers are looking for right now— contact me today to discuss the current market!


Ken Snyder
Keller Williams Realty Boston-Metro
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Tuesday, June 17, 2014

Boston Homebuyers Hold the Key to Speedy Sale

You may have heard the groans of past Boston homebuyers who believe the process takes too long, from start to finish. But what if I told you the time it takes to buy a home in Boston is ultimately up to the homebuyers themselves?

When surveying how long it takes to purchase Boston real estate, many will cite the amount of time to close on the mortgage once a buyer is under contract. However, that hardly factors in all of the steps leading up to that moment, from financial preparation through the home search and then to the closing. Every journey to buying a home in Boston is different, but ultimately up to the buyer.

Financial Prep
Saving to buy a home can take as long as you'd like, if you're planning to stockpile a larger downpayment for instance. It's always a great idea for homebuyers to clean up their credit scores and pay down their existing debt and this step can take years depending on the homebuyer's budget, especially if this is their first time buying Boston real estate.

Home Search
Finding the right home can be a challenge, given the inventory that's available at the time you begin house-hunting. According to the National Association of Realtors, homebuyers typically looked at 10 homes over 12 weeks before signing a contract last year. This is the most crucial (and personal) part of the homebuying process and finding the right balance between needs and wants in a home can take time.

Mortgage Closing
The closing on a home loan is often what buyers refer to when determining how long it takes to buy a home. Once under contract, the typical time frame is around 30 to 45 days, but that all depends on the loan type. The clock on this stage of the real estate process starts as soon as the purchase agreement is signed, but can often go on to require additional documents and resources to complete.

Your journey as a Boston homebuyer can take as little or as long as you'd like, but ultimately the timeline is up to you. Getting all of the documents and financial prep out of the way ahead of time makes the process that much easier and will get you from house hunt to closing quicker than those who skip a few steps along the way. As your Boston real estate expert, I'm here to help you move things along. Contact me today with any questions about how you can better prepare to buy this summer.


Ken Snyder
Keller Williams Realty Boston-Metro
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Tuesday, June 10, 2014

Summer Events to Visit in Greater Boston Area

Summer is a great time to get out and try new things, visit new areas of the city, visit new events, explore Greater Boston. Whether you've just moved to the area or are planning to relocate to Boston this year, events are one of many ways to get involved in your community. Below are a few events happening this weekend to mark on your calendars:

Fork in the Road Food Truck Festival
Saturday, June 14, 2014; 12 PM to 10 PM
Blue Hills Bank Pavilion
Boston, MA

Boston has a long legacy of fine food and this is another opportunity to experience and enjoy the local fare. This first-ever Fork in the Road Food Truck Festival will bring together Boston's most popular food trucks and Harpoon Brewery favorites, as well as feature live music.

Legends of Boston Comedy
Saturday, June 14, 2014; 8 PM
Citi Performing Arts Center, Wang Theatre
Boston, MA

For one night only, this comedy event will include Boston comedy stars like Lenny Clarke, Don Gavin, "The Undisputed King of Boston Comedy," "The Funniest Man You've Never Heard Of," Kenny Rogerson and Tony V. These men were a part of the golden age of Boston comedy and are coming together for one more night of laughs.

Boston Festival of Bands
Saturday, June 14, 2014; 11 AM to 6 PM
The Great Hall, Faneuil Hall
Boston, MA

Come out and enjoy the 26th annual Boston Festival of Bands this weekend at Faneuil Hall, presented by the Metropolitan Wind Symphony. The event will be held at 1 Faneuil Hall Square, next to Quincy Market and bands will play varying genres from Broadway tunes to classic music. Something for everyone here, with great musical variety!

Father's Day on the Spirit of Boston
Sunday, June 15, 2014; 11 AM
Entertainment Cruises
Boston, MA

Treat Dad this weekend to a family day aboard the Spirit of Boston and take a lunch cruise around the Boston Harbor. This special Father's Day cruise will include a festive lunch, entertainment, and historic view of the harbor.


Ken Snyder
Keller Williams Realty Boston-Metro
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Tuesday, June 3, 2014

Ready to Sell Boston Real Estate? Consider a Deadline

If you've recently placed your home for sale in Boston or have plans to sell in the near future, keep an end date in mind. Every home seller dreams of a quick sale, moving on to their next Boston area home in as little time as possible. That is the goal of selling your home, isn't it? That quick sale is possible, but it requires a deadline.

Deadlines bring about results and your home sale in the Boston metro area is no exception. They also bring about high returns! This year alone has seen "58 percent of home listings with published offer deadlines sold above list price," according to real estate firm Redfin. Those with other deadlines also were known to have been on the market for less time (31 days on average), as compared to those without deadlines (on the market for 60 days).

However, these "published offer deadlines" are rare in the local real estate market. This means a real estate agent, or even home seller, has stated a specific date for offers on the home. Redfin reported as little as 4 percent of listings include a deadline. 

These offer deadlines are not typically long—many of them just a few days— and allow home sellers to look over all deadlines at once. In today's market, we're starting to see more bidding wars and deadlines can be one contributing factor. Deadlines are often a sign of confidence in a home and its listing price, which can lead multiple homebuyers to place an offer. 

How do you let the buyers know your listing has a deadline? Keywords in the listing like "offer" and "bid" coupled with words like "due" or of course, "deadline" can indicated listings published with a date in mind. These dates act as a jumping off point for homebuyers to make a move— since many delay making a decision in Boston real estate, a deadline can oftentimes help them focus and put an offer on a property they like. These work to both the homebuyer and home seller's benefit.

It's a seller market out there and a deadline can help you choose the best offer out of many. As your Boston real estate expert, I'm here to help you with all of those decisions that come along the way, from listing the property to accepting an offer. Let's chat today on the best home sale strategy for your Boston property.


Ken Snyder
Keller Williams Realty Boston-Metro
Connect with Me: Facebook | Twitter | Linkedin