Archive for gloucester ma

March Madness 2013 in Real Estate

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It’s no secret at a certain price point ( under $400k)  in many Essex county communities (Gloucester, Rockport, Beverly, Danvers, Salem, Essex, Ipswich and Peabody), buying a home  has become quite  competitive.  Purchasing real estate in 2013 has its own  level of “March Madness“. There are 20, 40 or 60+ people viewing well priced properties at open house(s). There are multiple offers and yes people are paying above asking price. Every house? No, just  homes priced appropriately for their age, condition, location and size. Buyers are not offering crazy amounts of money because we all know at the end of the day it must appraise, since most purchases are contingent on buyers receiving a mortgage.

So what will tip the scales in the favor of your offer being accepted, if you are a buyer ? There are four practices I use with consistent success when I know there is a  chance that there will be multiple offers.

1) View the house and make the offer ASAP. The early bird gets the worm. Yes it may be inconvenient and you may have to cancel a previous appointment to go view a house. Sorry, this is  about getting the house you want, not living a balanced life.

2) Offer asking price at a minimum. If you know potentially there will be multiple offers, forget about “stealing” a property. You like the house, you want it, now get it! Offer above asking to a level your agent or lender feels it will appraise at (and you are pre approved for).

3) Have your agent write the “magic letter”. People like to do business with people they know and like. Share with the buyers how much you like their house. Compliment them about their decorating or cleanliness. Find out what is motivating the sellers to sell and speak to that. Be real and be personal. Don’t laugh this works, I have had several clients achieve their home in a competitive situation because the sellers felt like they knew them and liked them after reading the “magic letter”.

4) Last but not least, always ask the sellers agent for a final and last opportunity to submit a final bid if there are multiple offers. Don’t assume that the list agent will automatically give everyone a chance to rebid; they may not. If a buyer does not want to offer more, they don’t have to, but at least they have the opportunity to make up their own mind about their final bid.

The “other” March Madness? All the way with Syracuse for me!

 

 

What is a “Walk Score” ?

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Walk score is becoming a new way that people evaluate a property’s location. It is a value from 1 to 100 and the higher the number the more conveniences or things there are to do within about a 15 minute stroll 0r a quarter mile. More and more people have come to value the healthy aspects of walking as exercise. Dogs which require frequent walking have become a bigger part of family and singles (!) lifestyle.  Americans are happily parking their cars, saving money by not purchasing gas and supporting small neighborhood businesses that are in their own neighborhood. As more and more people return to an urban setting  or a neighborhood style of living, local business creativity is booming especially in the eateries and coffee shop arenas. It is no secret that commuting is no fun, drinking and driving is not an option and most of us would prefer to remain in our own towns or neighborhoods. The more people interact with each other and become familiar with their neighbors the safer and more pleasant an area becomes! Passers by and acquaintances become friends. Nods become smiles. and before you know it a street or 2 or 3 is a neighborhood full of familiar faces! If  this sounds like something you value when you home hunt be sure and evaluate the “walk score” as you consider, location, location, location!

Walk score can be found for any (?) address in America at www.walkscore.com/ It is also included in the information that Zillow.com provides on their website.

Sea Smoke in Gloucester MA? What is Sea Smoke?

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“Sea Smoke” is the “fog” one sees rising from the ocean when the air is much colder then the water. It is very difficult to photograph due to its transient, hazy properties. It is most common at sunrise, usually the coldest period of the evening. As the sunlight warms the air the temperature, the temperature difference between the air and water tends to moderate and the wafting, steamy quality of this event disappears.

Wikipedia describes the phenomena in the following manner: Evaporation from exposed water surface depends upon its vapor pressure. If the water temperature is greater than that of the nearby air, the evaporation continues faster than the air can absorb the water vapor, even though the cool air’s relative humidity is 100%. This further evaporates immediately and re-condenses as visible fog, which rises up in convective currents.The conditions required for such fog formation include not only low surface temperature but also a preexisting surface inversion of temperature to inhibit the rapid development of instability.

Not only is Sea Smoke difficult to capture on film it is downright eerie in person and an accurate predictor of one cold morning here in Gloucester!!!

 

East Gloucester Cultural District Approved by the City Council!

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Karen Ristuben describes the East Gloucester Ma 01930 Cultural District concept, boundaries and purpose in the Gloucester Ma arts community.

Coach Jim Munn, Gloucester MA High School

What a nice article on Wicked Local Gloucester about a man who has inspired and continues to inspire many. I’ve read Jim Munn’s column in the GDT for years but didn’t know much about him. Worth the read.

Helicopter at Gloucester High

Gloucester High’s own JROTC won another drill competition and, as a result, got a one in a lifetime visit from the Marine’s CH-53E Super Stallion helicopter. Patty was out walkin’ the dogs and caught the players on video. She has all the fun.

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