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What Is A Comparative Market Analysis?

If you’re thinking about selling your home, you’re probably also thinking about how much you can sell it for. You might try some online home value estimators, however, most of those tools won’t give you very accurate results. They might be great starting points but they won’t be able to factor in specific details about your home. The best way to determine how much your Waltham Real Estate is worth is by conducting a Comparative Market Analysis or CMA. To do this you should work with an experienced Waltham Realtor who understands the local market entirely. 

 

What is a Comparative Market Analysis?

A Comparative Market Analysis or CMA is the method of calculating the value of a home based on recent sales of similar homes in the same area. Waltham Realtors use a CMA to help accurately determine what your property is worth. They will assess all of the features of your home and compare them to similar properties in the area to see exactly how much your home should be listed for. 

 

What Should a CMA Include? 

When conducting a CMA with your Waltham Real Estate Agent, it will likely include several comparable sold properties, sale pending homes, and currently listed homes.  These properties will have similar features to your home and are located in the same or similar area to your home. The analysis will include the price these properties sold for and a proposed price for your home’s listing.  

 

Is a CMA Accurate?

As mentioned above, a Comparative Market Analysis is a fantastic way to accurately determine your home’s market value. However, it is never guaranteed that your home will sell at the exact price provided in the CMA. The best way to get the most accurate CMA is to work with an experienced Waltham Real Estate Agent.

 

Can You Get a Comparative Market Analysis for Free?

Most agents, including Waltham Realtor Hans Brings, will provide you with a CMA for free. This is a great way to get to know your local Waltham Real Estate Agent and see exactly how they can help you in your home selling process. 

 

Contact a Waltham Realtor


To get your free Comparative Market Analysis contact Waltham Realtor, Hans Brings, by filling out a form or giving him a call at 617-968-0022. Being in the industry for over 31 years has given Hans the experience and knowledge to help all home sellers determine their selling price as well as end up selling for the best amount. 

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    Features That Can Make or Break the Value of Your Home

     

     

    Some homeowners believe that the value of their home will automatically increase if they have a unique feature. They assume that they can ask for more money for their home than other homes in the area just because they have some of these features. However, a Waltham Real Estate Agent is here to tell you that’s not always the case. While yes, sometimes these features can increase the value of your home but sometimes they might decrease the value of your home. Here’s some insight on what kind of features we’re referring to. 

     

    Swimming Pools 

    Increase Value

    For beautiful luxury homes that have a big backyard, swimming pools can add value. If your pool includes extras like a hot tub, waterfall, is a unique shape, and maybe even features a slide or diving board it can definitely be valuable and allow you to increase your asking price. Waltham Realtors say that in order for a pool to add value to your home, it must be in great condition.

    Decrease Value 

    Swimming pools can also decrease the value of your home and here’s why. Swimming pools can take up a lot of backyard space and are often expensive and time-consuming to maintain. If your pool needs a lot of repairs and fixing, your home's value can be negatively affected. Unless the buyer is willing to put in all the work, they are likely not going to want to deal with the maintenance and cost that having a pool would come with. 

     

    In-Law Apartments 

    Increase Value 

    An in-law apartment that is updated and well maintained can be very attractive to buyers who are looking for just that. Waltham Realtors say that if you have a beautiful and cohesive in-law apartment you can certainly raise your asking price for people who find that a must-have home feature. 

    Decrease Value 

    Waltham Real Estate Agents also mention that in-law apartments aren’t always the most popular. Therefore, some people aren’t willing to pay more for a home when that feature is not something they need. 
     

    Garages/Sheds

    Increase Value 

    Garages and sheds that are in good condition can usually add value to a home, especially if they are attached to the house. A lot of people find value in garages and sheds because they add extra storage space to a home while also protecting cars from harsh weather conditions. 

    Decrease Value 

    However, Waltham Realtors mention that functionality and condition are two big factors when it comes to determining whether the garage or shed could take away value from the home. If it is too big for the yard, looks out of place, or is in need of great repair, buyers might be turned off and not want to deal with them. 

     

    Contact A Waltham Realtor

    If you’re looking to sell your home in Waltham, MA, and think that you have some features that could add value to your home, consult with a Waltham Real Estate Agent! We will help you determine the perfect asking price for your home based on the features your home offers. Give Waltham Realtor, Hans Brings, a call today at 617-968-0022 or fill out a contact form

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      How To Determine What To Offer On a Home

      making offer on home

       

      Once you finally find the home you want, the process isn’t over quite yet. Next, you need to figure out how much you should offer on the house. While a Waltham Real Estate Agent can help give you insight, it’s also a good idea to do some research on your own. The most important part of your offer is the price and sometimes this can be the hardest part of the home buying process. Below are 3 questions to ask yourself (and your Waltham Realtor) to guide you in this process. 
       

      1. What have similar homes sold for? 

      Waltham Real Estate Agents suggest that the best place to start is to research similar homes in the area and see what they have recently sold for. Gather a list of recent, similar, and nearby home sales. When comparing these homes to the one you want to put an offer on consider the following: 
       

      • Location Construction type 
      • How many bedrooms and bathrooms
      • Square footage
      • Condition (new, updated, or needs to be updated)

       

      All of this information can help you begin to put together a range of possible prices that you should offer. Your Waltham Realtor will be able to help you access all of this information. 
       

      2. How long has the home been on the market?

      When figuring out your offer price, a factor you should consider is how long the home has been on the market. Waltham Real Estate Agents say the length of time a home has been on the market sometimes affects how much it's worth and will help give you insight on what to offer.

      The longer a house has been on the market, the lower your offer can be. On the contrary, if a home has just been put on the market your offer price should usually be a little higher. If you offer too little on a newly listed home you are going to risk the seller turning down your offer for another one. However, if a home has been on the market for a while the seller will likely be more open for a lower price or some negotiation.

      Keep in mind that some sellers are not in a rush, even if their home has been on the market for some time. Therefore, offering a price way below the asking price may not work for all homes. If you are interested in offering a price below the asking price, make sure to consult with your Waltham Real Estate Agent first to see how far under the price you should go.

      3. What is the condition of the home?

      This is likely obvious, but the condition of the home is an important factor in how much you should offer. A home that does not need much fixing will typically get higher offers than a home that needs work. Homes that need some work can be great opportunities to save money, however, make sure to consider how much work it needs and how much work you’re willing to put into it. Pay attention to these factors when evaluating a home:

      • A damaged roof
      • Cracks in the foundation
      • Rusted plumbing fixtures
      • Water damage on floors or walls
      • Uneven floors 
         

      Contact A Waltham Realtor

       

      At the end of the day, the ultimate goal is to come up with an offer that will win over the seller. Figuring out the right price to offer can take some time but it doesn’t need to be too difficult. With the help of a Waltham Real Estate Agent you’ll be able to figure out the perfect price to offer that will give you the best chance at getting your dream home. Contact Waltham Realtor, Hans Brings, today to get started in your home buying process! 617-968-0022

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        4 Mortgage Myths You Often Hear

         

        When it comes to purchasing a new home and getting a mortgage it could be a little bit of a stressful process. It’s especially stressful if you’re a first-time homebuyer. However, there is a lot of false information out there about the process of obtaining a mortgage. Within this article, a Waltham Realtor explains 4 of the most common myths around mortgage and why they are indeed not true! 

         

        Myth #1: “Buying a home is no longer affordable.”

        With inventory low and demand high, many homes on the market are selling fast. Not only are they selling quickly but they are selling for a lot over the listing price. This is why many people believe that it’s becoming too expensive to afford a home. However, a Waltham Real Estate Agent is here to let you know it’s very possible to afford to buy a home right now. With today’s low interest rates people have more buying power because rates have come down faster than home prices have gone up. With a lower interest rate, your monthly payment will be lower. This allows buyers to have a larger home price budget to work with. 

         

        Myth #2: “I can’t buy a house if I still have student loans to pay.”

        Lender’s definitely take debt into consideration before approving a mortgage, however, it’s unlikely that everyone who buys a home is 100% debt-free. So while you may have student loans, car payments, etc. what matters most is your debt-to-income ratio. A Waltham Realtor can assist you with figuring out your debt-to-income ratio and then take it from there! 

         

        Myth #3: “I have to put 20% down to buy a home.”

        This statement is a myth Waltham Real Estate Agents hear all the time! But did you know that about 80% of first time home buyers make down payments that are less than 20%? If you aren’t able to put 20% down, there are a lot of mortgage products that will allow smaller down payments. 

         

        Myth #4: “I should go with the lender who has the lowest rate.”

        It might sound ideal to find the lender with the lowest rate, however, there are many other factors to consider when searching for a mortgage lender. Waltham Realtors also suggest finding a lender that has experience, is reliable, can get things done quickly, and can help educate you on the whole process. When it comes to making an investment this big, it’s important to go with a lender you trust and that has been successful in the past. 

         

        Contact a Waltham Real Estate Agent 

        If you’re looking for someone to assist you during every step of the home buying process, choose an experienced Waltham Realtor! We will help you communicate with lenders and get the best loan possible. Even if you think buying a home is too expensive, we’re here to help make it happen on your budget. Contact us today by giving us a call at 617-968-0022 or fill out a contact form and we’ll get back to you as soon as possible.

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          Should I Move to Waltham, MA?

          Waltham Real Estate

           

          Have you been toying with the idea of moving to Waltham, MA? If so, now is the time because the Waltham Real Estate Market is hot! Waltham, MA is a great place to live as its beautiful suburban feel and historical background has kept it a popular place to both reside and work for many years. 

          Waltham, MA is very diverse. Whether you’re looking for an apartment, single family home, duplex, etc. you’ll be able to find it in Waltham. Waltham is also a great place to start a business as it offers a wide range of retail, office, and industrial spaces. In this article a Waltham Real Estate Agent guides you through all the details of living in Waltham so that you can get confident and ready for your move to this awesome city! 

           

          Waltham, MA Real Estate - Population & Demographics

          Waltham, MA is a fairly big city with a population of almost 63,000. It is located in Middlesex County. Waltham Realtors always make sure to let clients the many attributes of living in Waltham. 

          Living in Waltham you can expect very friendly people/neighbors and many families. The median age of residents is about 35 years old. This makes it a popular area for people to buy a home, settle down, and start a family. 

           

          Waltham, MA Real Estate - Neighborhoods

          Waltham Real Estate Agents of course always know the best areas and neighborhoods for our clients. Some of the most popular neighborhoods in Waltham are Warrendale, Highlands, Glenmeadow, Lakeview, South Side, and Cedarwood just to name a few.

           

          Things to do in Waltham

          As mentioned above, Waltham has a rich historical background. Because of this there are some great museums in the area such as The Charles River Museum of Industry and Innovation and the Golden Ball Tavern Museum. Waltham is also filled with many parks and fields for fun family activities and picnics. 

          For a fun night out in Waltham, Waltham Realtors suggest a delicious meal at any of the amazing restaurants downtown. Downtown Waltham comes to life at night as it is filled with vibrant music scenes and some of the most delicious food. 

           

          Contact a Waltham Real Estate Agent Today

          Have we made you more confident to pursue a move to Waltham, MA? It’s a great time to buy one of the Waltham, MA homes for sale! Get yourself a knowledgeable and experienced Real Estate Agent like Hans Brings and start the process today. If you have more questions about Waltham and its Real Estate Market don’t hesitate to reach out! Fill out a contact form or call 617-968-0022.

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            4 Things That May Be Impacting Your Credit

            When it comes to buying a home, having a good credit score is extremely important. Figuring out your credit score can be confusing if you’re not sure what causes your score to grow or drop over time. A Waltham Realtor put together a handful of reasons why your credit score might not be where you want it to be. Read through these reasons so that you can work to improve your score and be able to purchase the Waltham home you’ve always wanted! 

            1. Late or Missed Payments

            Your payment history has about a 40% impact on your score, which is huge! This means if you’re late or miss any payments, it’s going to greatly affect your credit score and not in a positive way. Waltham Real Estate Agents encourage you to make your payments on time so that you can build your score and be able to successfully receive a mortgage loan from the bank. 

            2. Poor Debt to Income Ratio

            Your debt-to-income ratio is the total amount of debt you have compared to your annual income. So in this case, your credit score will drop if the debt you owe is greater than your income. A Waltham Realtor's best advice for this issue is to focus on paying down your debt before acquiring new debt so that you can improve your debt-to-income ratio.

            3. Too Many Credit Inquiries

            Every time you apply for or open a new credit card the creditor pulls your score. When they do this, it actually lowers your score. If it’s only a couple inquiries it won’t lower your score too much, however, if there are too many inquiries you score will be negatively impacted. Waltham Real Estate Agents say to avoid credit inquiries for a period of time and be particular about how often your credit is being pulled in the future. 

            4. Closing Credit Cards

            Around 20% of your credit score is determined by the length of your credit accounts. If you close credit cards that you’ve had for a while, your score will drop. Keep your accounts open even if you’re not using them too often. Even just using them periodically will help your score. Waltham Realtors say to focus on keeping your credit usage below 30% and keeping your accounts active rather than paying the credit card off completely and then closing the account. 

            Contact A Waltham Realtor

            To learn more about your credit score and how it can impact your ability to purchase your Waltham home, contact a Waltham Real Estate Agent today! Waltham Realtor’s have years of experience working with clients who have a wide range of credit scores. We’ll assist you in every way possible so that you can purchase the Waltham home you’ve always wanted! Give us a call today at 617-968-0022 or fill out a contact form and we’ll get back to you as soon as possible.

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              Should I Price My Home Higher to Leave Room for Negotiations?

               

              Waltham home sellers often ask, “should I price my home higher to leave room for negotiations?” While we, Waltham Realtors, understand the thought process behind this, the short answer is no! For real estate sales, pricing your home higher does not work the same way overpricing a car or piece of furniture does. Let’s dig a little deeper as to why Waltham Real Estate Agents say that overpricing your home to leave room for negotiations is not the right move. 

               

              Buyer’s Agents Will Ignore Overpriced Homes

              The first step in the home selling process is getting people to come to see your home. If your home’s price is listed too high, that’ll do just the opposite. Buyer’s agents will likely advise their buyers that your home is overpriced. This will lead to the buyers not even wanting to look at your home at all. Keep in mind that Waltham Real Estate Agents have years of experience and know the market exceptionally well, if you’re overpricing your home they will not advise buyers to give attention to your property. 



              Overpricing Eliminates Eligible Buyers

              When selling your Waltham home you want as many people interested in your home as possible. If you list your home at a higher price, you might be eliminating many people who are eligible to buy your home at its correct price. A buyer might not qualify for that higher price or it may be out of their ideal budget. In this case, you once again won’t get people to even look at your home.

              Waltham Realtors state that one thing you might do is succeed in getting buyers into your home who are looking in that price range. However, the problem is that they will be looking for more since the home is priced so high. They will be comparing your home to other homes in that price range and they will likely notice that your home does not compare to the others.
               


              Overpricing Lengthens Time on the Market

              Waltham Real Estate Agents say that overpricing your home can lead to it staying on the market longer because you’ll have trouble selling it. And did you know that the longer your home stays on the market the less money you’ll eventually get for it? If the average selling time is 60 days and your home has been on the market for 120 days, the buyers and buyer’s agents will think there is something wrong with the home. They will wonder what is wrong with the home and also believe that the seller must be desperate. If they believe you are desperate to sell (which you might be) they will start lowballing offers and you will get even less than your home is worth.

               

              Contact a Waltham Real Estate Agent

              If you’re looking for assistance in selling your Waltham real estate, contact a Waltham Realtor today! We have the knowledge and experience to help you properly price your home so that you can get as many people as possible interested in your property. This doesn’t mean we will underprice your home, we’ll make sure you get exactly what your home is worth if not more (as long as we initially list it correctly!) Contact Hans Brings today for all your Waltham real estate needs. Call 617-968-0022 or fill out a contact form.

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                5 Ways to Sell Your Waltham Home as Quickly as Possible

                 

                As most people know, the home selling process can be long and tiring. If you’re looking to sell your Waltham home but want to try to make the process as quick as possible, we have some tips for you! Here’s some insight on how to prepare your home, score the most money, and close the sale on your Waltham home ASAP. 

                1. Sell at the right time

                If you’re not sure when the right time to put your home on the market is, spring is a good time because there are quite a few buyers looking now. “Real estate can be seasonal,” says a Waltham Realtor. If you’re looking to sell your home fast, Waltham Real Estate Agents say that when homes are in high demand is the best time. By putting your home on the market during the busiest real estate months, it’s likely that you’ll have many interested buyers which would certainly speed up the process as you’ll have many offers to choose from. 


                2. Price your home right 

                Waltham Realtors say that it’s extremely important to price your home correctly right from the beginning. This will help your home sell faster and also help you get more money for your home! If you were to price your home incorrectly right when you list it, your home would probably stay on the market for a lot longer than you would like. Buyers are more likely to get into a bidding war if your home is priced correctly and new to the market. 

                 

                3. Hope for a cash offer 

                If you were to receive a cash offer on your home, you would be able to avoid getting the banks involved. This would avoid a ton of paperwork and save a lot of time during the selling process. Accepting a cash offer could help you close in weeks or even days! Waltham Real Estate Agents say this is the best way to sell your home as fast as possible. 

                 

                4. Use incentives to sweeten the deal

                Leaving a nice piece of furniture or flat-screen TV behind? Willing to pay a portion of the buyer’s closing costs? Giving buyers a sweet deal will help your home stand out and attract more buyers. Certain items in your home might not be of use to you anymore but if they’re in good shape and you want to leave them behind, they might be something a potential buyer is interested in. Talk with your Waltham Realtor to see what’s legally allowed in the market. 
                 

                5. Choose the right realtor 


                Choosing the right Waltham Realtor is also a big factor when it comes to selling your home fast. You want to have an experienced professional by your side to help make the process easier. Hans Brings is one of the best Waltham Real Estate Agents and can assist you in selling your home as quickly as possible while also getting a fantastic price. Inquire today by giving Hans a call at 617-968-0022 or by filling out a contact form!

                 

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                  What is an HOA & HOA Fee?

                   

                   

                   

                  An HOA, also known as Homeowners Association is a community that provides rules for maintaining common spaces and properties. Waltham Realtors state that HOA’s are usually present in condos but can also be present in some single-family properties. Along with following these rules, home and condo owners in these properties have to pay a monthly fee which goes towards taking care of the area and buildings. HOA’s have legal power over properties, so if a homeowner does not pay the HOA fees, the HOA can place a lien on the property.


                  What is an HOA Fee?



                  As mentioned above, an HOA fee is what property owners pay each month for the amenities and upkeep of their living community. HOA fees can vary, however, they usually depend on how many and what kind of amenities are available within the complex.
                   


                  Does An HOA Have Power Over Your Property?



                  Every HOA is different. Some homeowner’s associations can be strict and give out certain rules. These rules can include what colors you’re allowed to paint your home, how tall your fences can be, or if pets are allowed. They can also determine whether or not you’re allowed to rent your property. However, some homeowner associations are more relaxed and are only focused on keeping up with the properties so that the property values can stay up.



                  Advantages & Disadvantages of HOA’s



                  Waltham Real Estate Agents say there are both advantages and disadvantages when buying a property with a homeowners association. Homeowners association fees can be great to help maintain your property and the look of your community but they also might make you pay for maintenance that you don’t see necessary. Let’s dive into a little more detail on the advantages and disadvantages.


                  Advantages of HOA’s



                  HOA rules can avoid conflicts with neighbors. If everyone has the same rules for their property, there shouldn’t be any issues. Having rules can keep things consistent and give everyone amazing access to amenities such as pools, gardens, recreational centers, etc. HOA fees also usually pay for snow removal, trash removal, outdoor landscaping, some utilities, and more. Not having to worry about these things makes the HOA fee feel very worth it says Waltham Realtors.



                  Disadvantages of HOA’s



                  Of course, all advantages come with some disadvantages. A few of the disadvantages of having an HOA is that you might need approval to make changes to your home. Homeowner associations have the authority to deny certain improvements and additions to your home. Also, if owners in your complex are not paying their HOA fees it could be difficult to sell your property. Buying your own home usually means you have free range to do anything you want, but in some HOA’s you might not have that same freedom.




                  Contact a Waltham Real Estate Agent



                  If you’re wondering if buying a home within a homeowners association is right for you, contact a Waltham Realtor. Your Waltham Realtor will discuss the conditions with you and see if they are a fit for what you’re looking for. For some people, buying a home or condo within an HOA is ideal but for others, it’s not. You can rely on a Waltham Real Estate Agent to help you find the perfect home and community for you! Contact Hans Brings today at 617-968-0022 or fill out a contact form!

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                    Selling Your Waltham Home? Prepare for a Smooth Sale by Avoiding These Mistakes

                     

                     

                    Everyone always talks about the complicated and stressful process of buying a home for the first time, however, selling a home for the first time isn’t too different. It is still time-consuming, challenging, and a little bit of a stressful process. It’s sometimes likely that sellers can make mistakes that get the process off track and cause it to be prolonged. Here are some of the most common mistakes sellers often make and how you can avoid them to encourage a smooth sale on your Waltham real estate

                     

                    1. Underestimating the costs of selling a home

                    Sellers often don’t realize that selling your home doesn’t just mean money in your pocket. When selling your home, you need to realize there will be expenses for you as well. There will be closing costs, agent commissions, home inspection repairs, staging costs, moving costs, etc. These costs can greatly add up and overwhelm you if you’re not prepared for them. Make sure you’re aware and prepared! Your Waltham Real Estate Agent will be able to outline these costs for you so that you have an idea of what they will be. 

                     

                    1. Not hiring a real estate agent

                    Some sellers believe that not hiring a realtor will help them save money. However, this is entirely false. While you will have to pay your Waltham Real Estate Agent, they are essentially going to assist you on getting the highest amount for your property. Without them, you might not know how to negotiate and get the amount your home deserves. Also, when problems come up during transactions a professional Waltham Realtor will be able to easily assist you. Your real estate agent’s knowledge and expertise are key to a successful and less stressful home sale. 

                     

                    1. Pricing your home incorrectly 

                    Pricing your home incorrectly can be something that throws off the whole selling process. While we understand that everyone wants to get the most out of their home, pricing too high could turn off buyers who are serious about your Waltham home. By turning off serious buyers, the process will prolong and you might find your home on the market for a lot longer than you anticipated. 

                    The best way to price your home correctly is to hire a Waltham Real Estate Agent. A Waltham Realtor will be able to easily compare your home to other similar homes on the market. By pricing your home correctly the first time, you can get serious buyers off the bat, potentially get multiple offers, and then drive up the price from there. 

                     

                    1. Neglecting important repairs

                    While it may cost you more money than you would like to make repairs, making these repairs will increase your chances of a quick sale. Many homebuyers don’t want to make the small but important repairs when they first move into a home. Not having important repairs done could turn potential buyers away from your home. 

                    Some of these repairs could include painting, replacing light bulbs & loose locks, replacing doorknobs, fixing plumbing issues, etc. Small repairs like these can go a long way. 

                     

                    Contact a Waltham Real Estate Agent 

                    While there will be challenges throughout your home selling process, having a Waltham Real Estate Agent there to assist will make all the difference. One of the most important things when selling a home is being prepared for what is to come. Your Waltham Realtor will make sure there aren’t any huge surprises and will help you every step of the way. Inquire with Hans Brings today if you’re looking for assistance in buying or selling your Waltham home. 

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