Trying to decide if the fall is a good time to sell your Waltham home? A Waltham Realtor is here to say, YES! There might not be a better time to list your home on the market than right now. Buyer demands are still high because of low-interest rates as well as changing trends due to the pandemic. We’re still in the sellers’ market, however, it won’t last forever. Here are some reasons why it's best to put your home up for sale sooner rather than later. 

 

Less Competition & Will Sell Quickly

The sellers’ market that we’re in is slowly beginning to cool off. Therefore, Waltham Realtors say that now is the best time to sell your home if you’re looking to do so. There is currently less competition out there which means your home is likely to sell quickly since a lot of buyers are desperate. With the shortage of homes for sale, it’ll be easy to get attention from many different buyers. 

 

Buyers Are Willing to Compete for Your Home

Since there are fewer homes on the market than buyers looking, buyers are willing to compete with one another. It has been found that Waltham home sellers are seeing an average of 4 offers, and Waltham Realtors say they have been very competitive. Buyers in this market know that they are likely going to be in a bidding war and they’re coming prepared with their best offers. 

 

Autumn Ambiance Is an Advantage 

The beautiful fall atmosphere can greatly enhance your home’s curb appeal making it even more attractive to buyers, says a Waltham Real Estate Agent. Maintaining the exterior of your home is always important while selling, however, it’s especially important as the seasons' change. Make sure all the leaves are raked and the gutters are clean, the remaining fall foliage will add a warm and welcoming feel to potential buyers. 

 

Contact a Waltham Realtor 

If you’re looking to sell your Waltham home, don’t delay any longer! With the housing inventory still on the lower end, now is the time to sell. Let a Waltham Real Estate Agent help you with the selling process. Waltham Realtors always work hard to get the best price for your home and you won’t be disappointed with the results. Contact Hans Brings today by calling 617-968-0022. 

 

 

For many real estate investors, buying a foreclosed home has become a popular investment strategy. They believe that buying a foreclosed home is an easy way to make money. However, sometimes it can come with risks and complications, and not all investors are successful. So before you consider buying a foreclosed Waltham home as an investment property, here is some insight from a Waltham realtor! 

 

What Is a Foreclosed Home? 

A foreclosed home is one in which the owner is very much past due on their mortgage payments. When this happens, the mortgage lender will start a legal process to take ownership of the home back. Foreclosure can also happen if the homeowner does not pay their taxes. 

Once the mortgage lender gains possession of the home, it will then be auctioned off. The auction process is very competitive and most people who win the auctions end up being all-cash buyers.

 

How to Buy a Foreclosed Home

If you’re interested in buying a foreclosed Waltham home you need to first know where and how to find them. There are websites available that can help you find them. If you cannot find any online, reach out to your local Waltham real estate agent and they will be able to help! 

Before buying a foreclosure, you should understand that it can be more complicated than you might think. It could also initially cost you more money than you might think. This is because these homes are often in bad condition and require a lot of work to be done on them. 

 

Benefits of Buying a Foreclosed Home

While there might be some risks when buying a foreclosed home, there is also a chance that it ends up being very successful. Here are some of the benefits you can come by!

 

Great Savings

It is very possible to save a lot of money when buying a foreclosed Waltham home. There’s a chance you could find a luxury house in foreclosure and you won’t have to pay the super high price associated with them. Foreclosure homes tend to be 20% - 40% less than the market price.

 

Big Return on Investment

Foreclosure homes can be a great way to make a quick and high profit. In some cases, you might find one that is sold under the market value and then you can resell it quickly at market value or even above it. That could end up being an instant profit of up to 40% - 70%. Also, if you hire a Waltham real estate agent to help you sell it, you could possibly get an even higher price for it! 

 

Less Competition than Traditional Home Buyers

Since there are not many traditional Waltham home buyers looking for a foreclosed home, there is less competition for you! This means you’ll have less stress and pressure when bidding on the foreclosed home. 

 

Cons of Buying a Foreclosed Home 

Buying a foreclosed home can also come with many drawbacks. Here are some that you should be aware of! 

 

You’re Buying the Home “as is” 

As mentioned above, a foreclosed home might be in bad condition and in need of a lot of work. You also won’t have the chance to inspect the home and reject it because of anything not being up to code. If you don’t like the structure or the state the home is in, Waltham realtors suggest not to go through with buying it. 

 

Repair Problems

Since you’re buying the home “as is” you might have a lot of repairs that need to be made. These repairs could be costly and you could end up spending a lot more money than you expected. It could be more than just a simple paint job, there’s a chance something like the roof could be falling apart or there’s a bug infestation inside. 

 

Liens on the Property 

There could be liens on the property that you are not aware of. If the former owners took out loans to make repairs or improve the home, there’s a chance they didn’t pay those loans fully off. Therefore, the lien holders might come to you to pay them off since they can’t collect from the previous owners anymore.

 

Contact A Waltham Realtor 

Before deciding if buying a foreclosed Waltham home is the right move for you, consider talking with a Waltham Real Estate Agent. Waltham Realtors know the ins and outs of what comes with buying a foreclosed home and can help you decide if it’s a good idea or not. Contact Waltham Realtor, Hans Brings, today for assistance! 617-968-0022