Wellesley, MA Real Estate News

By Christine Norcross
(William Raveis, Wellesley MA)
Wellesley has the second highest number of citizens with advanced degrees in the United States, is home to three colleges, boasts a high school ranked among the top 100 public high schools in the country, and has very technology-oriented classrooms. Relocating your family to Wellesley could be one of the best things you do for your children's education. Right now the Wellesley real estate market has affordable home prices and low interest rates, an ideal environment for homebuyers. New iPad Program for Fifth-Grade Students A recent development in Wellesley education is that each fifth-grade classroom will have a set of iPads that the students can use at school. The iPads will be used to bolster learning opportunities and to teach children about Internet safety. The iPad program will be ...
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By Christine Norcross
(William Raveis, Wellesley MA)
                                       If you're selling your home and have hosted some open houses or showings you may have received some negative feedback from buyers. While sometimes it's hard to hear, negative feedback can often present you with some very good opportunities. By listening to feedback and taking action when necessary, you may be able to make the changes to your home that will help it appeal to more buyers and even sell faster in the Wellesley real estate market. Be Open to Feedback The first step in leveraging negative feedback is being open to hearing what buyers have to say about your home. Welcome comments from buyers who walk through your home and ask your real estate agent what buyers have to say about your home.  Don't take comments and suggestions personally, b...
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By Christine Norcross
(William Raveis, Wellesley MA)
  Are you considering moving to Wellesley? Whether you are looking for a larger home or are downsizing, the real estate in this area offers so many options. Right now home prices are affordable and interest rates are low so it's a good time to consider moving here. There are so many reasons to relocate to Wellesley, and it would be impossible to list them all here. But, here are a few great reasons to make this town your home. Excellent Education Opportunities The home of three colleges, Wellesley College, Massachusetts Bay Community College and Babson College, Wellesley is packed with education opportunities. The city has the second largest concentration in the United States of people that hold advanced degrees. But, the education excellence doesn't stop there. Wellesley High School ha...
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By Christine Norcross
(William Raveis, Wellesley MA)
Reebok's BOKS program has come to Wellesley schools with the goal of helping kids have healthy bodies and minds. This is an excellent program that offers important opportunities for the area's children. If you are considering moving to Wellesley, this addition to area schools has the potential to benefit your children and enhance their learning experiences. Physical Activity Helps Kids do Better in School According to the program's website, it's recommended that children get at least 60 minutes of exercise a day. Unfortunately, less than 4 percent of elementary schools provide a daily physical education class and only 57 percent of these schools offer children recess on a regular basis. Physical activity isn't just good for children's bodies, but for their minds as well. Studies show th...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
  Wellesley, MA Annual Market Report 2012 includes all the activity throughout 2012.  It was a year of some returns which is good for both buyers and sellers.  The slow climb back from the drop off is welcome news for everyone. While Wellesley and some of the surrounding towns were not as devastated as others in the melt down of real estate beginning way back a the top of the market in 2007 and continuing the pendulum swing through 2009 and mid 2010 the swing is on the upwards trend again.  We may not see the heights of 2007 for many years, but we are no longer swinging in the wrong direction. 64 Shore Road Wellesley Boston Globe home of the week ©Michelle McDonald There were 569 homes in Wellesley, MA that were in the Active, Under Agreement, Sold, Expired or Canceled realm in 2012.  ...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
Managing the Changes, Telling the Story is the topic on Managing Life's Changes on BlogTalkRadio wi/Ronald M Allen tonight.  Real Estate, the business of buying and selling homes is forever changed.  Blame it on the Internet, blame it on the economy, blame it on some political party, do what ever you want to do.  Then what?.  The new ways you have to figure out where you fit in, how this is all working, the new language, the new paths towards engagement and t build trust.  It all seems so complicated, way too many moving parts, doesn't it?  Let alone the fact that I am Realtor® and not just a real estate sales agent.  A Realtor® is held to a higher standard and the professional who can juggle all aspects of real estate like issues related to the law (repeat after me, "I am not an attorn...
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http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-October 15th, 2012 Provided by Dana Bain & Robin Dunbar Bain Dana BainPremiere Mortgage Services www.BainMortgage.com 11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: dana@bainmortgage.com     Market CommentMortgage bond prices finished the week higher pushing rates lower.Rates were actually higher the beginning of the week despite a lack of significant data or news.Rates bounced back lower Wednesday afternoon after the Fed “Beige Book” reported a slowly expanding economy with flat spending.News out of the euro zone continued to focus on Spain’s debt problems.The S&P downgraded Spanish debt to one notch above junk.Many analysts consider this a step closer to S...
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By Jim Mushinsky
(Centsable Inspection)
A Wellesley MA home buyer should receive a brochure, Home Inspectors Facts for Consumers Sheet, at the time of the signing of the first written contract to purchase from the Seller or Seller's agent. Since MA Home Inspector licensing in 2001, a consumer must have a signed exclusive buyer's agent agreement with a Real Estate Broker or Salesperson before the Real Estate Broker or Salesperson can refer a home inspector. Without a signed exclusive buyer's agent agreement, the Real Estate Broker or Salesperson may only refer the buyer to the list of all MA Home Inspectors from the Massachusetts Board of Registration of Home Inspectors. Finding your Wellesley MA Home Inspector from the list of all MA home inspectors can be quite a challenge. An internet search for "Wellesley MA Home Inspector...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
 Wellesley, MA Single Family Market Report Oct 2012 has 149 homes that are either for sale, under agreement, sold, expired or canceled. This is a good bit of activity and continues to show the values for homes and the interest in real estate is there. At this time next month we will be through this horrible political season and as far as I am concerned couldn’t come sooner.  Since the Real Estate industry and those that serve it are the back bone of our economy it is so good to see it moving in a positive direction, don’t you think? Wellesley, MA Homes for Sale Single Family Active Listings: 105   Avg. Liv.Area SqFt: 4,610.95     Avg. List$: $2,013,223    Avg. List$/SqFt:$414     Avg. DOM: 154.50 Single Family Under Agreement Listings: 17    Avg. Liv.Area SqFt:2,739.59     Avg. List$: $...
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http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-October 8th, 2012 Provided by Dana Bain & Robin Dunbar Bain Dana BainPremiere Mortgage Services www.BainMortgage.com 11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: dana@bainmortgage.com     Market CommentMortgage bond prices finished the week lower which pushed rates higher. Rates were quiet throughout the first portion of the week as euro zone weakness dominated the headlines. Stronger than expected data the latter portion of the week caused a spike in rates. Higher than expected ISM Index data started the negative trend. The biggest rate increases came Friday morning following the employment report. Unemployment came in at 7.8%, considerably lower than the...
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By Ashley Connolly
(Northeast Water Wells Inc)
  Are you thinking of installing a water well in Wellesley, MA. This article is geared towards understanding Wellesley MA Board of Health Regulations. Understanding your town regulations can be instrumental in compiling total project costs when it comes to drilling a water well in Wellesley, MA.  1. Permit Info:  Well construction permit fee: $100.00 2. Well Location: A certified plot plan is required when application is submitted.  Guidelines include (Separation distance in linear feet)   Well Head Property Line 25ft Any Structure or Dwelling 20ft Public/Private Roadways 25ft Surface Water 25ft Privy 100ft Septic Tank 50ft Leaching Field 100ft Cesspool                                          100ft 3. Water Quality testing: Extensive water analysis is required.  This test includes Tota...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
  Wellesley, MA Residential Market Report GBAR July 12.  Closed Sales up by 50%, Median price slightly down from year to year.  Things are good and getting better. The pendulum is swinging and the upside is in front of us. We have felt the lift all this year, but in particular through the summer and up to this month. This detailed analysis of the Market Update is brought to me as a benefit of being an active member of the GBAR.  I am a Realtor® and we are held to higher standards than a regular broker.  For more information and a detailed report on the current value of your home today, connect with me today. Posted on September 11, 2012 by Larry Lawfer Wellesley-Market-July-12-GBAR
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
The audacity of need in home sales can be palpable.  Every seller wants and deserves the highest value they can get for their home when they put it on the market.  Quite often a Seller with no real estate knowledge will come up with a price they feel is justified to ask and set their minds on that.  Some seller’s go even further and determine what net they need from the sale and from those two figures come up with the conclusion that they must pay a reduced commission to the professional they hire to sell this asset for them.  This is flawed in many ways. you get what you pay for Consumate professionals at work Firstly a Seller doesn’t determine price, the market determines price.  Even further the market can set a price within the bounds of the local market of comparable sales, invent...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
Behind the velvet rope, setting the price for a home is not some voodoo.  Homeowners will always have some idea of what price their home should be sold for.  It is important to ask them how they arrived at such a price.  The listing price of a home is crucial when it goes on the market.  If the compatibles are priced below your list then you will not get any offers and you may not even get any visitors.  If you are not having people view your home then something is wrong with the price, or marketing, or both, usually both.  Most agents know how to search for comparable values to help determine the price and then get derailed by listening to the Seller who wants more. This is a conflict for agents who need listings and are willing to forgo reason to have them.  Listings that sit on the m...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
Home Ownership is vital to our economy Housing sparks the economy.  One of six jobs in our economy is connected to the housing market.  The incredible recession/depression we have experienced beginning it’s downturn in 2008 was delivered to us by the Banks and Greed.  Banks were allowing anyone to buy a home.  No interest loans, no down payment, no credit check was the order of the day for most banks who were reaping enormous profits selling these bad loans in packaged Mortgage backed Securities.  It has been the Banks who put the Government’s bail-out money in their rainy day accounts and did literally nothing to help the millions of struggling homeowners.  This continues today. Here in Massachusetts our Attorney General agreed to a deal with several other states to accept Government ...
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By Martin Kalisker, Professional Standards & Legal Assistant
(Greater Boston Association of REALTORS)
  US EPA names Wellesley MA as the first Green Power Community in Massachusetts   On Tuesday, September 4, 2012, the Town of Wellesley was named by the U.S. Environmental Protection Agency as the first Green Power Community in Massachusetts, and the second in all of New England at a ceremony at Wellesley's Town Hall.   For the Town to be designated as a Green Power Community, at least 3% of the community-wide electricity use must be "green power" --- electricity generated from renewable resources such as wind, solar, geothermal, biogas and low-impact hydropower. Wellesley's current community "green power" usage is at 4.12%.   Wellesley residents can participate in the Town's Power to Choose campaign by signing up and/or increasing the amount of renewable energy they are currently using ...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
Wellesley, MA Residential Housing Report July 2012, this summer has been sizzling in real estate. The long awaited resurgence of the industry it helping to drive the economy.  Prices are still low, but creeping upwards this last month, and the interest rates, still historically low, are threatening to move up. Industry thinking is that when the interest rates move, they will do so quickly and dramatically.  Wellesley MA had a total of 171 listed homes in the Active, Under Agreement, Sold, Expired and Canceled on the MLS. There are always more in the For Sale By Owner category, but these homes are a low percentage of the market and usually way overpriced by the owner.   Single Family Active Listings: 107    Avg. Liv.Area SqFt: 4,535.36     Avg. List$: $1,947,523    Avg. List$/SqFt: $418 ...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
Coming up on the end of my second year in this business I have taken this morning to look back.  I remember so clearly sitting in the license testing room with maybe 23 other people and thinking this is going to be fun.  Well, fun it has been along with agonizing, frustrating, exhilarating and exhausting.  On balance, I am loving it.  All my life I have worked to be a team member, a team leader by example and a friend and colleague to anyone who was in need.  I am told by my broker and the several broker's recruiting me that I have skills which is nice to hear, but they are not my target.  What I want to hear, crave hearing is the joy of my clients success. We get paid for our work and that is good, sometimes very good, but working for money is not what drives me. I want to be the absol...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
When you find yourself picking up the pieces of a failed listing and your feel joy there are moments of insight.  Taking an overpriced listing with an unresponsive and difficult Seller you enter into the arrangement with hope and focus.  As time goes on even an inexperienced agent understands that no activity coming from the buyers means that there is something wrong with the listing.  Getting homes sold for the most money in the least amount of time is always the goal. To do this effectively in your career you absolutely need to control your listings and the Sellers in such a way as to get the job done right. There are always indications that things are not going the right way.  I took my first and only non-exclusive listing for a multi-millon dollar listing because I was charmed by th...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
The Housing Report in Wellesley MA 02482 has hit the mid way point of the summer.  You who want homes in Wellesley see your "move in" homes and "correctly priced" homes dwindling while there is still lots of inventory to look through in your various market demographics. Single Family Active Listings: 125    Avg. Liv.Area SqFt: 4,285.74     Avg. List$: $1,793,684    Avg. List$/SqFt: $403     Avg. DOM: 148.60     Of all these Actives there are 13 that have the Red Flags on them indicating they are in some stage of agreement, just not fully there yet.  What used to happen before this summer is that when you received any contract you were happy, as the listing agent, to put it in the Under Agreement category.  Now with bank scruitiny as it is and the Underwriters being particularly difficul...
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Wellesley, MA Real Estate Professionals