Archive for Real Estate – Page 2

How NOT to stage a house for sale …

I just came from an open house here in Gloucester. Nice property, expensive, great ocean views. But someone forgot to tell the seller that a huge “no no” is displaying any of the following:
  • Clowns
  • Dolls
  • Shrunken heads
  • Stuffed game, birds or pets
  • Guns
  • Any clown, doll, shrunken head or stuffed animal HOLDING a gun.

If you’re selling, it’s a good idea to hire an agent that uses a professional stager. Then take the stager’s advice and remove the things that could turn off a potential buyer. In this market, you can’t afford to offend anyone.

The 4 worst mistakes you can make if you’re selling …

When it’s all said and done, many of us are lousy when it comes to making decisions about our biggest investment: our home. Here’s a brief list of the worst mistakes I see people making when selling and a couple of thoughts on each one:

1. Thinking like an “owner” instead of a “marketer”

  • Owners think “emotionally” since there’s lots of blood, sweat and tears associated with the property.
  • Buyers think objectively, with little or no emotion, and only care about “the #s”: how much, how many days on market, how little can I pay to own it.

2. Choosing an agent based on an emotional relationship

  • It’s important to trust the person you’re going to hire. But look at their qualifications first, then learn to trust them.
  • Choose an agent based on your previous experiences with one or the recommendations of your peers, not on who you’re related to.

3. Ignoring statistics and the expert you hired, and pricing the property yourself

  • Again, “emotional owner” vs. “objective marketer”. Are you pricing based on “need” or “history”?
  • Experts can interpret statistics and price accordingly. Are you an expert? If not, better find one.

4. Lack of proper preparation

  • New Apple products don’t go to market until they’re absolutely luminous. Neither should you. Throw it out, pack it, wash it, paint it. Don’t ever expect a buyer to “put up with it” because he/she won’t.
  • If it’s broken and you know it, either fix it or get a price on “how much?” and tell the buyers.

Time and again I’ve seen these mistakes cost sellers $1,000s. That’s thousands of dollars. I hope you don’t have to make them yourself.

By the way, we talked about this on thegloucestercast this week. Click to listen.

Annisquam antique …

You need to a flashplayer enabled browser to view this YouTube video

You’ll find some of the oldest housing stock in the country right here on Cape Ann. At some point it’s necessary to bring it up to today’s standards and codes. Our “preferred builder” Don Knowles of the Rocky Neck Associates is an expert from idea to design to implementation.

Pick of the Litter…

As a real estate agent I often view properties and think, “this would be perfect for…” fill in the blank. Occasionally I will highlight a property for sale that I find note worthy for a particular reason.  Todays “pick” is really distinct because although the main home is exquisitely elegant I think the highest and best value of this listing is the view of the Annisquam.

Annisquam View

Full disclosure here: I’m a waterview junkie!!! Waterviews change every moment of the day and I love them all from the working harbor to the endless horizon of the open ocean.  This location (approximately five acres) and walking distance to the Boulevard (.7 mile)  lends itself to a stunning group of single level (with walk out lower levels) condominiums. Having arrived at this conclusion after scouring new condos with buyers on Cape Ann seeking to downsize and from observing which of our local recent construction has sold out the quickest.  Imagine a “Cape style” structure of quality construction with a first floor master as a basic unit.  People could upgrade and/or expand by developing the lower level (which would have a view also), since the land slopes down to the river.  Countless clients have asked me for one level living of quality construction for their downsizing or vacation needs.

Lured by the view I visited 141 Essex Ave., listed by Carole Sharoff, President of AVH Realty of Gloucester MA. Thats when my imagination really took off in another direction as I toured the main building known as The Manor Inn.  Built at the turn of the 19th century by one of the co founders of Lepages (then called The Russia Cement Company), no expense was spared on this Queen Anne Victorian home! Oh, what gorgeous craftsmanship.  Numerous fireplaces, built ins, intricate woodwork, leaded glass and pocket doors galore. Please, please whom ever purchases this charming structure may you have the resources to adapt it to the times and preserve its historic beauty.  This slide show highlights just how special this home truely is, but for me it will always begin and end with the view!!! If you’d like to see this opportunity and need a good buyer agent, give me a call.

Two Very Sexy Real Estate Web Sites

Sexy Real Estate

Houzz.com gets my vote for the most seductive web site I’ve seen in a long while. I love home design both exterior and interior. Getting a great idea and excecuting it to meet my wallet and specific needs is a challenge I truely savor. This website is so “deep” with pictures (dare I say unlimited?) and ways to use the site, it has been a pleasure being snowed in! Anyone else find any neat sites this past week waiting for the plow to pass by? Curbed.com is another one I was introduced to this week, but I’m not sure how useful the information is…being a lot more like a People magazine for the real estate world. That being said, it does grab me whenever I go there for a visit!

We get asked this ? all the time …

  • Should You Move or Remodel?

    When your house no longer suits you, you can move or remodel. Find out which big change is the right investment of your housing dollars. Read

Visit houselogic.com for more articles like this.

Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

What’s a Cape Ann ocean view worth?

Cape Ann MA Map

Like our diverse population, Cape Ann’s waterfront properties have dramatically different types of views. But for this analysis, let’s keep it simple and boil them down to 2 types: open ocean/endless horizon views vs. boat/harbor/beach views. Eastern and northern facing properties tend to be in the “open ocean” category with their dramatic sunrises, crashing ocean front and long horizon views to NH and ME. The boat/harbor/beach view properties tend to be on the western and southern side of Cape Ann, with many on one side or the other of the Annisquam River, a deep, tidal, salt water estuary about 5 miles long that’s open to the Atlantic on both ends. Gloucester’s long and wide working harbor accounts for the vast majority of the harbor views.

Read More→

Our $1M+ real estate market

With miles of beaches and ocean vistas, the Cape Ann communities of Gloucester and Rockport MA have permanent spots on the short list of MA’s “most wanted” ocean addresses. Nationwide, real estate parcels with water views are selling briskly and the Cape Ann market is no different. Over the last decade, 2005 and ’06 had the highest # of $1M+ “water” sales at 26 and 24 respectively. 2010 currently has 21 closed $1M+ transactions and 2 more that should close before the year is out. 2007, ’08 and ’09 bottomed out with 16, 17 and 16 sales.

The median $M+ sales prices on Cape Ann peaked in 2006 at $1.71M and is currently at $1.38M, about 20% less.

What’s it all mean? Sellers have finally aligned their pricing expectations and savvy buyers are getting “ocean views” for a lot less. Look for 2011 to be the year we’ll be talking about some day as in “I wish I had bought in ’11”.

Short sale nightmare in Beverly MA

A friend and real estate colleague just finished telling me about her recent short sale nightmare. It seems she found a buyer for her client’s house. The bank accepted the short sale offering and was processing the sale, talking to the investor , etc. As the sale was coming together, the foreclosure process was well on it’s way and the auction date had been set. The bank sent notice to the investor telling them to postpone the auction because a sale was imminent. Read on … Read More→

What’s a CLUE report? Better read this …

Visit houselogic.com for more articles like this.

Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®