Westwood MA home for sale best deal in luxury, Westwood MA real estate has much to offer but only a few homes are great deals in their category. In the first few seconds of finally finding this wonderful and secluded house you feel at home. 34 Briarwood De, Westwoo, MA 02090 is located in a neighborhood where children make life long friends. The house sits far enough off the road that your neighbors will never know what you are grilling in the back yard. Living in a wonderful neighborhood far enough away from your neighbors and secluded by your professionally landscaped yard filled with old growth trees gives you the sense of living much further away from the highways and city. But there you are 34 Briarwood Dr, Westwood, MA 02090
Westwood MA home for sale best deal in luxury, Westwood MA real estate has much to offer but only one home is the best deal in homes that are differing. IN this category and price range you have gut rehab of near tear downs and homes that have been lovingly maintained and upgraded by the owners. When you care enough to pay extra for wood work, doors, moldings and windows you know you are buying not just some quick flip, but a home with quiet beauty and a sense of solitude. This property is almost the largest in the neighborhood and the house sits behind stately trees almost invisible from the street. Privacy, seclusion and quest so close to the highways back into the city and beyond.
Westwood high schools are very highly rated in MA. The girls lacrosse team is a perennial contender for the state championship. This property sends it’s children to Martha Jones Elementary, Thuston Middle School and Westwood High School. Xaverian Brothers High School, a prvate Catholic Boys school is also located in Westwood. Westwood MA home for sale best deal in luxury
Homeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that far transcend any economic impact. However, we want to look at several of the financial advantages of homeownership in today’s post.
1. Buying is Cheaper Than Renting
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The report reveals that:
“Interest rates have remained low, and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation…Nationally, rates would have to reach 9.1% for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.”
2. Homeownership “Forces” You to Save
According to SavingAdvice.com, homeownership is a great way to save. Their advice is quite simple:
“Homeownership is a “forced” savings account because you own the home, you have no choice – that monthly housing cost has got to be paid no matter what…Homeownership can be an outstanding way to force yourself to be more frugal in the rest of your spending so that you can save and build equity in your home.”
3. Homeownership Offers Several Tax Deductions
According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership. Here are three:
- Homeowners who itemize deductions may reduce their taxable income by deducting any interest paid on a home mortgage.
- Homeowners who itemize deductions may also reduce their taxable income by deducting property taxes they pay on their homes.
- Taxpayers who sell assets must generally pay capital gains tax on any profits made on the sale.
4. Experts Expect Home Price Appreciation to Continue
Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
Some are afraid that home values may have already peaked. However, we believe that purchasing a home now will prove to be a sound financial decision for years to come. As Warren Buffet said, “When others are greedy, be fearful. When others are fearful, be greedy.”
Do You Know the Cost of Waiting? Do You Know the Cost of Waiting? [INFOGRAPHIC] I am really not a fan of scare tactics. I am not a sales guy who thinks Always Be Closing is even acceptable. Providing useful information that is accurate and timely is all that you should expect from your Realtor®. Working with a Realtor® is agreeing with the words, “Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization.” Pretty great stuff, right?
Do You Know the Cost of Waiting? [INFOGRAPHIC]
It goes on to read, “Realtors® should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.” Wow, I gotta say that is a good Preamble.
I believe in these things. I know place is important. I know community is built by individuals who come together to create the community. I know that providing insight and information freely will help all of us. Looking at this infographic it is clear that the facts prove now is a very good time to both buy and sell your home.
- The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
- Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic.
- Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!
- Do You Know the Cost of Waiting? [INFOGRAPHIC], Do You Know the Cost of Waiting?
The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the summer, supply is not keeping up.
Here are the thoughts of a few industry experts on the subject:
Lawrence Yun, Chief Economist at NAR:
“Sellers are in the driver’s seat this spring as the intense competition for the few homes for sale is forcing many buyers to be aggressive in their offers. Buyers are showing resiliency given the challenging conditions. However, at some point — and the sooner the better — price growth must ease to a healthier rate. Otherwise sales could slow if affordability conditions worsen.”
Tom O’Grady, Pro Teck CEO
“The lack of inventory is very real and could have a severe impact on home sales in the months to come. Traditionally, a balanced market would have an MRI (Months Remaining Inventory) between six and 10 months.
This month, only eight metros we track have MRIs over 10, compared to 27 last year and 48 two years ago—illustrating that this lack of inventory is not being driven by traditionally ‘hot’ markets, but is rather a broad-based, national phenomenon.”
Ralph McLaughlin, Chief Economist at Trulia
“Nationally, housing inventory dropped to its lowest level on record in 2017 Q1. The number of homes on the market dropped for the eighth consecutive quarter, falling 5.1% over the past year.”
“Tight housing inventory has been an important feature of the housing market at least since 2016. For-sale housing inventory, especially of starter homes, is currently at its lowest level in over ten years. If inventory continues to remain tight, home sales will likely decline from their 2016 levels. …all eyes are on housing inventory and whether or not it will meet the high demand.”
If you are thinking of selling, now may be the time. Demand for your house will be strongest at a time when there is very little competition. That could lead to a quick sale for a really good price.
Peak Performance Real Estate Greater Boston Special Invitation Only Event. (6 PM June 1, Newton MA Invite for you.) Tony Robbins master trainer, Steven Hilgart. I am excited to bring to offer an opportunity for a select few to attend this strategy hour. Anyone who is familiar with the work of Tony Robbins would not be surprised to understand the idea of “mind set” and real estate. All business is challenge and opportunity, some businesses have far more daily rejection and discomfort. Mind set, focus, beliefs and expectations are what drive us on a continual basis. The key is knowing what to focus on, how and when.
If you are interested in attending this event as my guest please private message me today. You don’t have to be in real estate to benefit from this opportunity. Peak Performance seminars are not specifically focused on the real estate industry but more towards any individual wanting to get the most from themselves on a daily basis.
Improve your performance by integrating a three-step process for creating lasting change. Clearly indentify what is holding you back from reaching your true potential by closing the gap between where you are and where you want to be.
This Turning Action Into Results workshop will teach you the three actions you absolutely must take to be successful. Getting it right is a life time pursuit, but getting it right now allows you to have feel your success as you continue to learn and grow. This is a private event and no tickets will be sold to the public. If you would like your private invitation please reach out to me personally, or subscribe to this blog. What will you do today to make your life better? Peak Performance Real Estate Greater Boston Special Invitation Only Event