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Archive Blog Boston Buyer Featured For Agents For Buyers For Sellers Investor Larry Lawfer Luxury Luxury Market MA Milton Newton Podcast Realtor® Seller

It is easy with easy steps and you can win today

Working Man

It is easy, do the right things. It is easy, write down what you need to do. It is easy, fake it ’til you make it. It is easy, believe in yourself. It is easy eat well, sleep well, stay focused, that’s all. It is easy.

Or is it?

There is nothing easy about commitment. There is nothing easy about discipline. There is nothing easy about, faking it. There is nothing easy about, There is nothing easy about,taking care of yourself and getting things done .

Or is there?

Easy is a muscle, you have to build it.  Easy is a mindset, you have to let go. Easy is today when you get things done.

It is easy with easy steps and you can win today.  

Bits and Pieces from this time of pandemic, Covid-19. The plague, the dark ages the time creating butt marks in our sofa’s and couches. If this gets us at least those other things that we thought would get us, won’t. We got that going for us. Gallows humor is a better past time then blame and finger pointing. If your church is open this Easter remember God is everywhere but science tells us not to congregate. Pray alone, your God will hear you. What I know deep in my heart is, this is serious and there are serious people working on it. As I am kind of a glass half full guy I feel optimistic. Don’t hate me for that, I am also an early riser, and I am quiet.

Real estate market has not ground to a halt. In my state the Governor and Mayor are working to clear the red tape with accepting e-signatures and virtual closings. The fire certification inspection can be done as long as 90 days after the closing, so you can close without that form. The Open House as it was in the olden days is no more. Virtual opens and private showings are now the norm. Technology become even more important as a skill the Seller/Agent must have.

It is easy with easy steps and you can win today.

 

 

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Archive Blog Boston Buyer Buying Myths Featured For Agents For Buyers For Sellers Larry Lawfer MA Millennials Move-Up Buyers Realtor® Rent vs. Buy Seller Selling Myths

Running Out of Toilet Paper and Loosing my Mind

Running Out of Toilet Paper and Loosing my Mind is a perfect description of this historic day. CoronaVirus, Covid-19 is on the upswing, the Fed just cut it’s rate to zero and there are actually agents out there who don’t know the relationship with the Fed Rate and the Interest Rates banks charge for mortgage loans.  The running out of toilet paper is this moments true craziness. For some reason people are hoarding toilet paper and the thoughts that come to mind for why are just too horrifying to consider without disinfectant.

There are still lots of buyers who are looking for homes and not near enough homes on the market to satisfy the need. On the other side of that is price, with scarcity comes increased prices, but with the threat of life altering pandemic the desire to get out makes the price negotiable.

With Stock markets in jittery free fall and the bond market being artificially propped up with federal dollars it just may be the time to put your money into real estate. While we can not predict what will happen we can look to past performance (which is not a prediction of future performance) I am just saying that it might be a very good

I didn’t know that!

time to buy good properties and get a great interest rate. It is possible the stock market will rebound after the global pandemic crisis runs it’s course. Buying real estate, choosing a longer range investment strategy is worth considering.

 

There has never been a time in history when working with a professional who understands the market and the process is more important for the best bottom line in real estate. Trusting to a person without experience and inside knowledge is sure to bring a diminished return. Running Out of Toilet Paper and Loosing my Mind

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Archive Boston Featured For Agents For Buyers For Sellers Larry Lawfer MA Podcast Realtor®

Foreclosure King in Arkansas V1-E36 Jeff Scherrey Podcast.

Foreclosure King in Arkansas V1-E36 Jeff Scherrey. Building success in real estate is about focus and caring. Jeff developed his discipline serving our country during the Dessert Storm days. He spent time daily building his relationship with the banks well ahead of them trusting him with a property to sell. Today Jeff is considering retirement at the age of 40. Listen to him share how you, too, can be at the top of your game.

Jeff was in the Army and served our country in Dessert Storm. He spent time in Afghanistan. When he returned to his home area in Little Rock, Arkansas he started work in the real estate industry. As we remember the housing crisis in 2008-2010 was forcing hundreds of thousands of Americans out of their homes through foreclosure. The banks, through their greed and the loosing of regulations, were giving unqualified people a chance to own their own homes without the ability to pay. Jeff saw this as an opportunity to help those in need in his area, then his state. I met Jeff in 2010, my first year in real estate. He came to the Dallas Fort Worth area to the office I started in and offered to feed our office Texas foreclosures.
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Jeff built that business and sells more than 100 houses a year. His plans are to retire before he is 40 and he is on target for that achievement. Along the way Jeff built a Keller Williams office into one of the most successful in the country. Today he says that time as a Team Leader in KW took him away from the work he does. He opened his own brokerage Aspire Realty Group a couple of years ago and brought with him the top producers from that KW office. Today Jeff is ready to retire, take 30 minutes and listen to his story on today’s Broker-Talk.com podcast.  Foreclosure King in Arkansas V1-E36 Jeff Scherrey Podcast.

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Archive Blog Buyer Featured For Agents For Buyers For Sellers Larry Lawfer Realtor® Rent vs. Buy Rental Seller

Rent America The Show Michael Thomas Broker-Talk v 1 E 33

 

Michael-Thomas-RentAmericaTheShow

Rent America The Show Michael Thomas Broker-Talk v 1 E 33, was just published this morning on our Broker-talk.com real estate podcast.  Michael Thomas is an innovative, seasoned loan professional working across America creating affordable rental home projects. Rent America The Show is where you can view one of the completed projects.

Finding affordable rental housing has grown more difficult. Rent costs have gone up over the last 10 years while most wages have been stagnant or grown at a much slower rate than rental costs. It used to be a renter/owner would spend a third of the income on rent/mortgage and now that percentage is pushing up to fifty percent. With gas, food, insurance and all other costs going up the average American is struggling in this economy no matter what you are hearing from Washington. American families are struggling to make ends meet.

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Michael Thomas, a VA-HUD certified lender through Gershmann Mortgage, has started actively looking for development partners across the US and particularly in the West and Southwest to finance projects. Taking existing rental units or starting over from the beginning the process is longer than traditional lending because of the HUD process, but  the projects get done and the communities are better served because of this opportunity to have a lending partner on your project.

Broker-talk is a weekly show discussing all matters of real estate. The rising costs of housing is staggering for many people and this is particularly true in places like San Francisco, Boston and New York. New York is trying to get rid of the rental commission fee which will take out agents wanting to spend time with renters. Boston is also considering this measure as well as rent control in Somerville and a transfer tax paid by both the buyer and seller of a property in the Boston area. If you like this show please share. This is Rent America The Show Michael Thomas Broker-Talk v 1 E 33

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Archive Blog Boston Featured For Agents For Buyers For Sellers Housing Market Updates Larry Lawfer Luxury Market MA market reports Newton Seller

Newton MA Single Family Market Report Jan 2020

Newton MA Single Family Market Report Jan 2020. From the MLSPIN system I gather these statistics, they are a snapshot of all that is going on with Newton MA single family real estate market has been up to. There were 155 properties in the market during this time.

Single Family New Listings: 6 Median Liv. Area SqFt: 3,961 Median List $: $1,597,500 Median List $/SqFt: $417 Median DOM: 1.5

Single Family Active Listings: 60 Median Liv. Area SqFt: 3,880 Median List $: $1,849,500 Median List $/SqFt: $475 Median DOM: 111.5

Single Family Price Change Listings: 1 Median Liv. Area SqFt: 4,500 Median List $: $2,425,888 Median List $/SqFt: $539 Median DOM: 117

This is a lot of active homes, price changes traditionally happen after the first month.

Single Family Contingent Listings: 11 Median Liv. Area SqFt: 3,242 Median List $: $1,495,000 Median List $/SqFt: $440 Median DOM: 14 Median DTO: 11

Single Family Under Agreement Listings: 25 Median Liv. Area SqFt: 2,352 Median List $: $1,050,000 Median List $/SqFt: $436 Median DOM: 21 Median DTO: 7

These properties above that are contingent and UAG are next months sales. Notice the days on market is very small. Good houses sold at a reasonable price go quickly. If your house is hanging on the market without offers, either your price is not attractive, or your agent is doing a poor job and getting the right people to see the property.

Single Family Sold Listings: 30 Median Liv. Area SqFt: 2863.5 Median List $: $1,294,000 Median List $/SqFt: $447 Median DOM: 52 Median DTO: 41.5 Median Sale $: $1,232,500 Median Sale $/SqFt: $434

Single Family Temporarily Withdrawn Listings: 4 Median Liv. Area SqFt: 3,127 Median List $: $1,377,000 Median List $/SqFt: $434 Median DOM: 101

Single Family Expired Listings: 12 Median Liv. Area SqFt: 3,857 Median List $: $1,672,000 Median List $/SqFt: $445 Median DOM: 74

Single Family Canceled Listings: 6 Median Liv. Area SqFt: 2,085 Median List $: $870,000 Median List $/SqFt: $397 Median DOM: 85.5

We are in a Seller’s Market with not enough inventory. If someone wants to sell at the market rate they can do so, asking the informed public to pay more than the comps is not a winning strategy. This has been the Newton MA Single Family Market Report Jan 2020

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Archive Baby Boomers Blog Demographics Featured For Agents For Buyers For Sellers Generation X Larry Lawfer Senior Market

Does “Aging in Place” Make the Most Sense?

Does “Aging in Place” Make the Most Sense? | Simplifying The Market A desire among many seniors is to “age in place.” According to the Senior Resource Guide, the term means,
“…that you will be remaining in your own home for the later years of your life; not moving into a smaller home, assisted living, or a retirement community etcetera.”
There is no doubt about it – there’s a comfort in staying in a home you’ve lived in for many years instead of moving to a totally new or unfamiliar environment. There is, however, new information that suggests this might not be the best option for everyone. The familiarity of your current home is the pro of aging in place, but the potential financial drawbacks to remodeling or renovating might actually be more costly than the long-term benefits. A recent report from the Joint Center for Housing Studies of Harvard University (JCHS) titled Housing America’s Older Adults explained,
“Given their high homeownership rates, most older adults live in single-family homes. Of the 24 million homeowners age 65 and over, fully 80 percent lived in detached single-family units…The majority of these homes are now at least 40 years old and therefore may present maintenance challenges for their owners.”
If you’re in this spot, 40 years ago you may have had a growing family. For that reason, you probably purchased a 4-bedroom Colonial on a large piece of property in a child-friendly neighborhood. It was a great choice for your family, and you still love that home. Today, your kids are likely grown and moved out, so you don’t need all of those bedrooms. Yard upkeep is probably very time consuming, too. You might be thinking about taking some equity out of your house and converting one of your bedrooms into a massive master bathroom, and maybe another room into an open-space reading nook. You might also be thinking about cutting back on lawn maintenance by installing a pool surrounded by beautiful paving stones. It all sounds wonderful, doesn’t it? For the short term, you may really enjoy the new upgrades, but you’ll still have to climb those stairs, pay to heat and cool a home that’s larger than what you need, and continue fixing all the things that start to go wrong with a 40-year-old home. Last month, in their Retirement Report, Kiplinger addressed the point,
“Renovations are just a part of what you need to make aging in place work for you. While it’s typically less expensive to remain in your home than to pay for assisted living, that doesn’t mean it’s a slam dunk to stay put. You’ll still have a long to-do list. Just one example: You need to plan ahead for how you will manage maintenance and care—for your home, and for yourself.”
So, at some point, the time may come when you decide to sell this house anyway. That can pose a big challenge if you’ve already taken cash value out of your home and used it to do the type of remodeling we mentioned above. Realistically, you may have inadvertently lowered the value of your home by doing things like reducing the number of bedrooms. The family moving into your neighborhood is probably similar to what your family was 40 years ago. They probably have young children, need the extra bedrooms, and may be nervous about the pool.

Bottom Line

Before you spend the money to remodel or renovate your current house so you can age in place, let’s get together to determine if it is truly your best option. Making a move to a smaller home in the neighborhood might make the most sense.