Bernadette Calvario


Posted by Bernadette Calvario on 3/21/2018

Adding a residence to the real estate market can be stressful, particularly for a first-time home seller. Fortunately, we're here to help you maintain a positive outlook as you await offers on your house.

Now, let's take a look at three tips to help a first-time home seller remain calm, cool and collected after he or she lists a residence.

1. Set Realistic Expectations

Although a first-time home seller might expect dozens of offers in the days following a house's addition to the real estate market, it may take some time to stir up interest in a residence. However, a home seller who establishes realistic expectations from the get-go will know how to stay the course throughout the property selling journey.

A first-time home seller should understand both the best- and worst-case scenarios. That way, a home seller will know how to respond to any potential pitfalls that may arise.

Furthermore, a first-time home seller should have a plan in place for what will happen after a home offer is accepted. This will ensure a home seller is fully prepared to vacate a house as quickly as possible.

2. Learn About the Housing Market

The housing market is exceedingly complex, especially for those who are selling homes for the first time. Conversely, a first-time home seller who takes a diligent approach can gain the real estate market insights to make confident decisions.

For example, a first-time home seller should analyze the competition closely. By looking at the prices of similar houses that are available, this home seller can establish a competitive price for a house and increase his or her chances of a quick home sale.

A first-time home seller also should check out the prices of recently sold houses in his or her city or town. By doing so, this home seller can find out whether he or she is entering a buyer's or seller's market and plan accordingly.

3. Collaborate with a Real Estate Agent

Selling a home may seem like a simple process on paper, but challenges can quickly arise that prevent a first-time property seller from achieving his or her desired results. But with support from a real estate agent, a first-time home seller can get the assistance that he or she needs to remain confident at each stage of the property selling journey.

A real estate agent understands the challenges associated with selling a house and will help a property seller avoid such problems. In fact, a real estate agent is happy to provide expert guidance to help a first-time home seller operate like a home selling professional.

Perhaps best of all, a real estate agent will respond to a first-time home seller's concerns and queries. This guarantees a home seller can obtain unparalleled insights into how to set a competitive price for a residence, how to bolster a house's interior and exterior and much more.

Want to keep things positive as you proceed along the home selling journey for the first time? Use the aforementioned tips, and you can maintain a positive outlook as you navigate the home selling cycle.





Posted by Bernadette Calvario on 3/14/2018

A home appraisal enables a seller to learn about the value of his or her house relative to the current housing market. As such, an appraisal represents an important opportunity, particularly for a seller who wants to maximize the profits from his or her home sale.

Ultimately, it helps to plan ahead for a home appraisal. If you prepare for an appraisal, you can use the appraisal results to achieve your home selling goals in no time at all.

Let's take a look at three tips to help you get ready to perform a home appraisal.

1. Learn About Your Home's Strengths and Weaknesses

What you initially paid for your house is unlikely to match the current value of your residence. Fortunately, if you understand your house's strengths and weaknesses, you can prioritize home improvements and complete these upgrades. As a result, you may be able to boost your chances of receiving a favorable property valuation during a home appraisal.

Also, it may be beneficial to conduct a home inspection before you schedule an appraisal. That way, you can use the inspection results to determine which areas of your house need to be upgraded.

2. Assess the Housing Market

The present real estate sector will impact the valuation of your house. To establish realistic expectations for a home appraisal, it often helps to analyze the current housing market.

If homes are selling quickly, this likely indicates that a seller's market is in place. This market favors sellers and may enable you to receive plenty of offers if you establish a competitive price for your home.

Comparatively, if homes linger on the real estate market for many days, weeks or months, a buyer's market may be in place. In this market, you may need to set an aggressive price to help your residence stand out to potential buyers.

3. Consult with a Real Estate Agent

A home appraisal is an important part of the home selling journey. And if you collaborate with a real estate agent, you can work with a home selling expert who can help you maximize your property valuation during an appraisal.

With a real estate agent at your side, you can receive comprehensive support throughout the home selling journey. A real estate agent can put you in touch with the top home appraisers in your city or town. Furthermore, a real estate agent can help you determine how to price your house to ensure you can stir up significant interest in your residence.

A real estate agent also is happy to help you review any offers on your home. If you're unsure about whether to accept, reject or counter a homebuying proposal, a real estate agent can help you weigh the pros and cons of each option.

Ready to conduct a home appraisal? Use the aforementioned tips, and you can perform a home appraisal before you add your residence to the housing market.




Categories: Selling Your Home   appraisal  


Posted by Bernadette Calvario on 3/7/2018

When you’re buying or selling a home, you may hear the terms, “assessed value” and “market value.” There are few things that you should know about these terms. First, they cannot be used interchangeably. The assessed value is generally much less than the market value. If you’re buying a home, you probably would rather see the assessed value of the home as a price! If you’re selling, the same holds true for the market value of the home for you.


Market Value Is Used Differently Than Assessed Value


The market value is how much your home is worth on the market currently. The definition is exactly as the term sounds the home is looked at by an assessor and given a value. The assessed value is used to determine property taxes, among other things. As you can imagine, the assessed value can become a point of contention for many homeowners especially when it comes to paying their tax bills. Many homes end up being assessed at a higher price than their current value, bringing tax bills to higher levels. The market value is what the home will sell for when it is listed for sale.


Be careful when searching for a home to buy. Many sites list the assessed value along with the price of the home or estimated market value of the home. You don’t want to get these numbers confused when budgeting and searching for the perfect house. 


If you’re getting ready to sell your home, pay little attention to the assessed value of the home. That is not what your home will sell for. 


The market value is a good reason to hire a realtor to help you sell your home. Realtors are experts in finding the market values of homes. They will even do something called a CMA (comparative market analysis) for you to help you determine the right price for your home to sell at. This is where comparable properties in the area are examined for their selling prices and all the perks of your home and neighborhood are considered. The market value is determined by the price of the homes that have recently been sold in the area based on the location of the home and how close it is to certain amenities like schools, parks, and the probability of future construction. 


Finally, know that the market value and the appraised value of a home have a lot to do with how much a lender will give you to buy the property. Every home that is being bought must go through an appraisal, to protect the lender from overpaying for a home.    


Whether you’re buying or selling a home, knowing your value terms can really be a help in understanding the sweet spot for pricing a property  





Categories: Market Trends  


Posted by Bernadette Calvario on 3/1/2018

This Condo in Framingham, MA recently sold for $203,000. This Low-Rise style home was sold by Bernadette Calvario - Coldwell Banker Residential Brokerage.


1186 Worcester Rd, Framingham, MA 01702

Condo

$199,000
Price
$203,000
Sale Price

4
Rooms
2
Beds
1
Baths
This beautiful second floor two bedroom unit is move in condition. Commuters dream & won’t last! Easy access to MASS Pike, & Rt 495. Walking distance to Stop & Shop, & Framingham University. Pet friendly, Investor friendly. Strong financial reserves.

Similar Properties





Tags: Real Estate   Condo   Framingham   01702  
Categories: Sold Homes  


Posted by Bernadette Calvario on 2/28/2018

It's many homeowners' worst fear to come home to a water disaster in their home. Water damage can cost thousands to repair and will include a lengthy process in order to adhere to safety standards, potentially disrupting your home life for weeks. In this article we'll give you tips on how to avoid water damage and what to do when you discover it.

Water damage vs. flood damage

Many people are unaware of the difference between water damage and flood damage. Water damage can occur when you have plumbing issues such as a leaking pipe or overflowing bath tub. Flood damage, on the other hand, is defined by FEMA as an "overflow of inland or tidal waters, unusual and rapid accumulation or runoff of surface waters," or even mudflow. Flood damage tends to be the more costly and the more dangerous of the two, as it puts home inhabitants at serious health risk. Part of the stipulation in differing between the two types of damage is insurance coverage; water damage is often covered by homeowner's insurance whereas flood damage is not.

Avoiding water damage

To avoid costly and time-consuming repairs, follow these steps to prevent water damage from occurring in your home:
  • Keep your gutters clean to avoid backups and drainage issues
  • divert rain water away from your house with downspouts
  • Disconnect hoses and turn off their water supply when temperatures drop to freezing overnight
  • Don't leave water using appliances running while you are away from home for extended periods of time
  • Keep up with maintenance on your dishwasher, washing machine, toilets, and tubs
  • Turn off your water main when you go away on vacations
  • Check the water pressure to your home. High water pressure can be nice in the shower, but pressures too high can cause your plumbing to fail
  • Check regularly for leaks. Some water damage may go unnoticed for weeks or months, which subjects you to another danger: mold

What to do if you have water damage in your home

If it's too late for prevention and you've discovered water damage in your home there are several steps you'll need to take to ensure the safety of your home.
  • Turn off electronics in the affected area. If possible switch off power to whole the whole section of your home at the circuit breaker. This first step is to ensure your own safety. Once you've turned off power to all potentially dangerous electronics, you can move on to the next step.
  • Remove electronics and other perishable items from the area. If you remove the items soon enough you might be able to salvage them by drying them out.
  • Soak up the bulk of the water. You can do this the old fashion way by using towels and buckets. Or you can use a wet/dry vacuum cleaner to suck up the water from rugs, carpets, and other surfaces.
  • Dry the area completely. To avoid mold, use fans and a dehumidifier to fully dry out the area.
  • Disinfect. Spray the area to remove any bacteria that may have accumulated due to moisture.
  • Contact the professionals. A contractor will be able to tell you the full extent of the damage and whether any serious repairs will need to me made.