Coleman & Sons Real Estate
451 Main St, Waltham, MA 02154
781-894-7100 | coleman451main@gmail.com



Posted by Coleman & Sons Real Estate on 12/27/2019

Photo by Arka38 via Shutterstock

After spending enough time researching real estate online, you probably think you can do just as good a job selling your home as a professional real estate agent. However, it's more difficult than it sounds. Even though you can access many of the same advertising venues as a professional, they have a wide network and breadth of experience that you canít leverage when trying to DIY. 

Experience and Know-How

Real estate agents are sales and advertising professionals. First, consider if your work experience and skill set falls in those same zones. Are you familiar with negotiating deals in the hundreds of thousands of dollars? Your real estate agent spends all day, every day working with other agents and negotiating deals in a variety of amounts. They know how to tell if the other party is willing to reduce or increase the amount, and what perks might push a deal through. They also know the best way to spend their advertising dollars to get interest in your property and often have standing arrangements with printing companies, an existing real estate website and membership in the local MLS board ó all of which give them deals on advertising whereas you would be paying full retail price to print postcards or mailers and may not have access to things like MLS listings at all.

In addition to the actual sales process, real estate deals come with a ton of paperwork. Not only is this complex in any area, but it also varies from location to location and getting it wrong can cause the purchase or sale to fall through, or, worst of all, might cause you to incur high fines from your local governing bodies or the IRS. While you can look up the right process for your area, you may not be able to trust the information available online. It's not surprising that information listed by non-official sources may be incorrect or incomplete, but official government sources often take a while to get updated when rules or laws change. Your real estate agent, on the other hand, is required to be notified of any changes, and the MLS board they are a member of also keeps an ear to the ground and their agents informed.

Local Area Information

Real estate agents often have access to, and even pay extra for, information about the areas they work in. That means they know what properties sold for over an extended period of time, what features they have, and even how long they stayed on the market. A lot of this information is protected, and only licensed professionals have access. This makes them uniquely suited for pricing your home correctly for the market. If you price your home too high it may not sell at all, causing you frustration or costing you money. On the other hand, if you price it too low, you may get a quick sale, but youíll miss out on the additional income you could have made.

Regardless, you may still think the agentís commission is not worth the price. Most buyers and sellers agents make a percentage of the purchase or sale price of your home. This is great for sellers, since the higher the selling price, the more everyone makes. However, it can be a downside for buyers if they think the agent is trying to talk them into higher prices or different homes just to make a larger commission. Many agents are willing to negotiate on this point and often agree to a flat rate in the beginning, regardless of the purchase price, as long as you talk to them about it upfront. This removes the worry that they are trying to find the highest amount youíll spend rather than the best deal in your market.

Before making the decision to DIY your real estate purchase or sale, talk to a real estate agent in person to get a full understanding of the services they can offer you and how much control you have over the costs. Most often, you will find itís worth the comparatively small cost of the agent over the larger costs of self-advertising, lost sales price and time required to handle any interested parties. Talk to a professional today for the absolute best results.




Tags: diy   fsbo   buyers agent   New Buyers   FAQs  
Categories: Uncategorized  


Posted by Coleman & Sons Real Estate on 12/20/2019

What happens if you receive an offer on your home that fails to meet your expectations? Ultimately, you may want to decline the offer. But before you do, there are several questions you'll want to consider, including:

1. Is the offer "fair"?

Let's face it Ė one home seller's definition of a "fair" offer may differ from another's. However, an informed home seller will be able to differentiate a "lowball" offer from a strong proposal.

A lowball offer typically fails to account for a home's condition and the current state of the housing market. As such, this proposal may fall far below a home seller's initial asking price.

On the other hand, a strong proposal may meet or surpass a home seller's initial asking price. This offer likely accounts for a home's strengths and weaknesses, along with the needs of a both the homebuyer and home seller.

2. Are there any other offers on the table?

If you receive an offer on your home, you'll probably have one to two days to decide how to proceed. And if you have multiple offers in hand, you likely have a lot to think about in a short period of time.

In some cases, the best offer is not necessarily the highest offer, and for good reason.

For instance, a homebuyer may submit an offer on a home that exceeds a home seller's initial asking price. But if this homebuyer has not been pre-approved for a mortgage, he or she likely will need to obtain financing to proceed with a home purchase.

Conversely, a homebuyer who has been pre-approved for a mortgage knows exactly how much money is at his or her disposal. When this homebuyer submits an offer, he or she may be better equipped than other homebuyers to acquire a residence.

3. Can I afford to be patient?

Consider your timeline as you debate whether to decline an offer.

If you're in no rush to sell your home, you can afford to be patient with offers on your house. Or, if you want to relocate to a new address as soon as possible, you should price your home aggressively from the get-go.

4. If I decline an offer, what will happen next?

After you decline an offer on your home, the homebuyer has the option to submit a new proposal or move on to other houses.

As a home seller, it is important to take an informed approach to home offers. With a real estate agent at your side, you should have no trouble making the best decisions on any proposals.

A real estate agent understands the ins and outs of the housing market and can help you evaluate all offers on your residence. He or she can provide you with honest, unbiased real estate recommendations and ensure you can get the best results during the home selling journey.

Collaborate with a real estate agent Ė you'll be glad you did. A real estate agent will enable you to evaluate home proposals and maximize the value of your house.




Categories: Uncategorized  


Posted by Coleman & Sons Real Estate on 12/13/2019

Photo by Paul Velgos via Shutterstock

If youíve never sold a home, you might not understand the complexities of what your agent provides for you. You could be tempted to sell your home on your own. After all, with the availability of the Internet, how hard could it be?

According to most research, FSBO (For Sale by Owner) nets a lower selling price than selling through a professional marketing agent. Even accounting for the commission paid to the agent, the profit to the homeowner is higher.

Marketing

Some sellers believe that all an agent does it show the home a few times a week. Anyone can do that, right? But a great agent provides much more. Top agents offer a marketing strategy, professional staging, excellent photography, listing on the MLS and access to their network of buyer's agents.

When you interview your agent, ask them what their plan is. How do they specifically intend to market your property? Who will they invite to the open house? Will they offer a unique open house just for their network of seller's agents?

Pricing

The greatest challenge to FSBO is how to price your home effectively. Yes, you can see whatís out there on Zillow and Trulia, but your agent has been in dozens of homes. They've spoken to hundreds of buyers. The single most damage you can do to a home sale is to price it wrong for the market and then have it languishing, unsold, for months.

Paperwork

Unless you've sold a home recently, you may not know all the paperwork involved in making the sale. You have the offer, counteroffers and the acceptance letter. Then there's the negotiation over items that come up in the inspection. If the buyer wants a warranty, do you know where to go for that? What if the buyer wants a contingency? Do you know how to write that up so that you're not left holding the bag? Do you have a relationship with a title office or escrow officer? Your agents' broker does.

When you add up all the work they do, and the expertise they offer, you'll see that your agent is worth the commission. If you follow their advice, you can be off on your next venture, and they'll take care of the sale for you.




Tags: fsbo   Agent   Sell with an agent  
Categories: Uncategorized  


Posted by Coleman & Sons Real Estate on 12/12/2019

This Multi-Family in Waltham, MA recently sold for $820,000. This style home was sold by - Coleman & Sons Real Estate.


15 Floyd St, Waltham, MA 02453

Multi-Family

$799,000
Price
$820,000
Sale Price

2
Units
2,636
Approx. GLA
If you have been looking for a multi family property that is rehabbed and ready for occupancy, this is it! This terrific 2 family home sits on a huge lot of nearly 7500 sq. ft. Plenty of parking, as well as extensive green space set this property apart from the typical Multi. Nestled on a side street, yet conveniently close to Main street. Shopping, restaurants, public transportation, and easy highway access are close by. Each of the units feature 3 bedrooms, 1 full bath, large E-I-K, as well as in unit laundry hook ups. Both have updated kitchens and baths, new flooring, lighting, new or newer appliances, fresh paint, and more. The second floor unit also features an oversized loft style area with sky light that offers many exciting possibilities. Come see this wonderful home and take advantage of this incredible opportunity.






Categories: Sold Homes  


Posted by Coleman & Sons Real Estate on 12/12/2019


90 Taylor St, Waltham, MA 02453

Condo

$549,900
Price

5
Rooms
3
Beds
1
Baths
Stunning young condo conversion by one of Waltham's premier builders. This magnificent property was brought down to the studs and meticulously rebuilt in 2008. Ideally located in close (but not too close) proximity to Moody street and its myriad shops, restaurants, shopping, and other attractions. Thoughtfully laid out over 1400+ sq. ft., features include 3 generously sized bedrooms, as well as 1 full bath. The kitchen and main living area are open and free flowing, highlighted by oversized windows that wash natural sunlight throughout. High end cabinetry, appliances, and granite countertops define the kitchen itself. Other must have amenities include: hardwood floors, central AC, in unit laundry,fully wired w/ Ethernet, 2 off street parking spaces, as well as extensive storage in the basement. If you have seen the rest, come see the best. Quality is the difference!
Open House
Sunday
December 15 at 12:00 PM to 1:30 PM
Cannot make the Open Houses?
Location: 90 Taylor St, Waltham, MA 02453    Get Directions

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Tags: Real-Estate   Waltham   02453   Condo   open house  
Categories: Open House  




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