4/24/20 4/24/20

6 Nancy Rd #3, Easton, MA

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VRP $239,900-$249,900

2 beds - 1.5 baths - 1,052 sq. ft.

MLSPIN #: 72646293View on Google MapsA home has never been more important… Come live in one of the most desirable, well maintained complexes in Easton. Easton Crossing is situated on 22 acres and includes a pool, basketball and tennis courts, open space, a dog park, fitness room, and clubhouse. This two bedroom condo is a corner location, which means more windows and lots of natural light! Just outside the living room is a private patio perfect for grilling. Upstairs you'll find two bedrooms, a full bath, laundry (no carrying baskets downstairs!), and a spacious master bedroom (16’+ long). Please note that in addition to the “standard” items, the monthly fee includes all amenities, hot and cold water, sewer, new roofs, and MA Save energy efficiency. Value Ranged Priced between $239,900 and $249,900. Vacant and easy to view!

Virtual Tour

» Click here to view a Virtual Tour

Floor Plan

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Community

Name: Easton CrossingYear Built/Converted: 1976/2005Total Units: 188Parking: 2 deeded outdoor spaces

Utilities

Cooking: ElectricHeating: Electric baseboard, 2 zonesCooling: 2 wall mounted A/CWater: TownSewer: Community treatment plant (Title 5 not required)

Estimated Costs

2018 Taxes: $3,394 per yearAssociation Fee: $419 per month (includes assessment for new roofs, added insulation for lower energy costs, Pex plumbing and future water heater replacements)Fee Includes: Hot Water, Water, Sewer, Master Insurance, Swimming Pool, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Tennis Court, Exercise Room, Clubroom, Refuse Removal, Reserve Funds[/trx_column_item][/trx_columns]

Want your home marketed like this? Contact us!

4/17/20 4/17/20

Easy Quarantine Home Improvement Projects to Preserve or Improve Your Home's Value

Spring is here and warm weather should be right around the corner - thank goodness! Since we're all spending quite a lot of time at home, now is a great opportunity to do some simple home improvement projects that can help pass the time and preserve or even increase your home's value!

Paint the Front Door

First impressions are everything and a faded, dirty and peeling front door isn't the right way to start things off.

Declutter and Organize

Life just seems to pile up doesn't it? This is the perfect time to declutter, box up that stuff you don't use so it's ready to donate, and get organized. Install those closet organizers you've been putting off, or invest in a modular shelving unit - they can turn clutter in to decor!

Accent Walls and Art

Have some art pieces that you've been meaning to hang (or do you known any local artists who could use some money right now)? Perhaps you want to create a collage wall? You could also spruce up a room with an accent wall! Materials like shiplap, natural wood, or wall paper (it's trendy again) make for great decor that can really transform a room.

Create an Outdoor Entertainment Space

With beautiful days ahead, why not make the most out of our homes and create an enjoyable backyard space? With relatively short money and basic DIY skills, it's amazing what we can create! Here's a few ideas to get you started:

Start Your Garden

Talk about timing! This is the perfect time of year to start prepping your garden to enjoy a full season of fresh veggie. Here's a guide to beginning.

Don't forget the basics!

And then there's the bare necessities. Make sure to do the big 3:

Replace your HVAC filters
Check your smoke alarms
Clean your dryer vents

3/17/20 3/17/20

Could the COVID pandemic cause a housing crash?

With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview:

“With people having PTSD from the last time, they’re still afraid of buying at the wrong time.”

There are many reasons, however, indicating this real estate market is nothing like 2008. Here are five visuals to show the dramatic differences.

1. Mortgage standards are nothing like they were back then.

During the housing bubble, it was difficult NOT to get a mortgage. Today, it is tough to qualify. The Mortgage Bankers’ Association releases a Mortgage Credit Availability Index which is “a summary measure which indicates the availability of mortgage credit at a point in time.” The higher the index, the easier it is to get a mortgage. As shown below, during the housing bubble, the index skyrocketed. Currently, the index shows how getting a mortgage is even more difficult than it was before the bubble.

2. Prices are not soaring out of control.

Below is a graph showing annual house appreciation over the past six years, compared to the six years leading up to the height of the housing bubble. Though price appreciation has been quite strong recently, it is nowhere near the rise in prices that preceded the crash.There’s a stark difference between these two periods of time. Normal appreciation is 3.6%, so while current appreciation is higher than the historic norm, it’s certainly not accelerating beyond control as it did in the early 2000s.

3. We don’t have a surplus of homes on the market. We have a shortage.

The months’ supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will causes prices to depreciate. Anything less than that is a shortage and will lead to continued appreciation. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble. Today, there’s a shortage of inventory which is causing an acceleration in home values.

4. Houses became too expensive to buy.

The affordability formula has three components: the price of the home, the wages earned by the purchaser, and the mortgage rate available at the time. Fourteen years ago, prices were high, wages were low, and mortgage rates were over 6%. Today, prices are still high. Wages, however, have increased and the mortgage rate is about 3.5%. That means the average family pays less of their monthly income toward their mortgage payment than they did back then. Here’s a graph showing that difference:

5. People are equity rich, not tapped out.

In the run-up to the housing bubble, homeowners were using their homes as a personal ATM machine. Many immediately withdrew their equity once it built up, and they learned their lesson in the process. Prices have risen nicely over the last few years, leading to over fifty percent of homes in the country having greater than 50% equity. But owners have not been tapping into it like the last time. Here is a table comparing the equity withdrawal over the last three years compared to 2005, 2006, and 2007. Homeowners have cashed out over $500 billion dollars less than before:During the crash, home values began to fall, and sellers found themselves in a negative equity situation (where the amount of the mortgage they owned was greater than the value of their home). Some decided to walk away from their homes, and that led to a rash of distressed property listings (foreclosures and short sales), which sold at huge discounts, thus lowering the value of other homes in the area. That can’t happen today.

2/7/20 2/7/20

103 Regency Lane, Abington, MA

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Open House

Saturday, March 7 from 11:30-12:30pm

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$359,900

2 beds - 2 baths - 1,886 sq. ft.

MLSPIN #: 72602575View on Google MapsBright and beautiful townhouse! This one has it ALL - garage, fireplace, outdoor space, master suite, and an open floor plan. Topped off with freshly painted walls and newly refinished floors. The Gables is a well-managed community offering many amenities such as a fitness center, putting green and tennis court, and it abuts Ames Nowell State Park. Low-maintenance townhome living provides you with the time to enjoy more of life - come see what your new home could look like!» View a 3D Tour of the Property