From 2012 to 2013, Massachusett’s median real estate prices increased 9.8%, as did sales volume by 8.3%, according to Darlene Sodano, a real estate broker in Townsend, Massachusetts. In that same time period, median sales price is up 16.2% and volume is up 8.1% in the North Central Massachusetts region. In Townsend, Massachusetts, the median sales price is up by 7.1% and volume is up by 41.7%.
These signs point to an active real estate market for Massachusetts. Darlene recommends certain guidelines for successful real estate transactions for Buyers and Sellers.
For Sellers, it’s important to strategically price a home using other comparables in the neighborhood and to think about presenting it as if it’s competing in a beauty pageant. “In today’s market, if you want top dollar for your home, it has to be more than move-in ready,” she said. Sweat equity is a thing of the past; today’s Buyers want to spend time with their families and not married to week end home improvement projects.
Darlene advises home Buyers to consider several factors before entering the market. “The type of financing Buyers qualify for really indicate what type of property they’ll be able to purchase. For example, bank-owned homes are typically distressed and may not be considered habitable, therefore, conventional financing won’t work. Talking to a local mortgage professional will help you determine that and what price range is comfortable for you.”
Buyers are also advised to consider utility and heating costs in the actual cost of ownership, as well as the taxes and any homeowner association fees.
To learn more about Darlene Sodano, visit http://SodanoRealEstate.com