proper pricing: My Franklin, MA Home Never Sold Because of the Lousy Market - 04/24/13 06:03 AM
So your Franklin, MA home never did sell after many months or maybe a year or more of keeping it neat and ready for prospective buyers? It is easy to blame the economy and the formerly "down" real estate market but the truth is that all homes will sell for the right price. Proper pricing makes up the majority of reasons that homes do not sell, followed by incorrect marketing. It is critical that sellers price correctly from the start especially in a changing real estate market. The price should take into account any anticipated market conditions.
A good Realtor explains … (2 comments)

proper pricing: Pricing Pitfalls When Selling a Franklin, MA Home - 06/10/11 09:08 AM
If you are selling your home in the greater Franklin, MA area, you are possibly most concerned about what you will get for it.  Secondly, the issue of convenience probably ranks high on your list of concerns.  Possibly the number of days or months that the house will be on the market is up there as well, as in "How many months do I really need to leave the house absolutely perfect when I head to work?"
The key to achieving the highest price in the shortest time period comes down to proper pricing right from the start.  Take the following … (0 comments)

proper pricing: Price Changes & Temperatures Soar in Franklin, MA - 06/09/11 09:03 AM
This is the time of year when everyone is thinking about summer vacations, weddings, graduations and in Franklin, MA real estate prices inevitably get adjusted.  As this graph shows over the course of one month there have been 59 price adjustments to Franklin, MA listings.
At the start of summer there are still many buyers househunting but it becomes imperative to price a home correctly for the fastest possible sale.  There were a few homes that came on the Franklin real estate market during the past few weeks that went under contract immediately since they didn't waste time setting the proper … (0 comments)

proper pricing: Underpricing Your Franklin, Massachusetts Home - 11/16/10 06:58 AM
What?  Did someone suggest you underprice your Franklin, Massachusetts home?  Isn't that giving money away you may wonder?
During the hot times in real estate underpricing a home would not be a wise strategy, however during these volatile times this has actually become an excellent method to achieve a quick sale at the highest price.  In many cases, underpricing a home by $5,000-10,000 has resulted in bidding wars with offers coming in well above the underpriced original figure.
Take the example of a Cape style home in Franklin, MA.  If you have such a home that got listed today it would be … (0 comments)

proper pricing: Forget Location, It's All About Price Now! - 04/23/10 06:43 AM
You have heard "location, location, location?"  Well, in the Franklin Massachusetts and greater Boston area it is all about price now.  Most every home will sell if the price is right according to recent sales and fair market value.
A few recent examples stand out for me that illustrate how significant price really is.  Two homes were listed in a desirable Franklin, MA neighborhood during the past year.  The recent sales data indicated that both properties, being well-maintained homes on level lots, were worth between $399,000 and $410,000.
  Home A:
 listed at $399,000  received 5 offers within the first few days … (3 comments)

proper pricing: Pricing to Sell in Franklin, Massachusetts - 03/04/10 08:04 AM
Did you know the best chance for selling your Franklin, MA property is within the first seven weeks?
It's true.
Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell.
An Overpriced Home:· Minimizes offers· Lowers agents response· Limits qualified buyers· Lowers showings· Lowers prospects· Limits financing· Wastes advertising dollars· … (0 comments)

proper pricing: Finding Your Franklin, MA Home's Best Selling Price - 02/25/10 08:13 AM
Statistics show that the best opportunity to sell your Franklin home is often within the first few weeks of putting it on the market. This can be good news, or bad, depending on your motivation. Some homes sell right away, while others sit on the market for months without a single offer.
To maximize your selling opportunity, it is important that your home be priced right. What is the right price? Many factors will determine your home's best asking price. Our current real estate market has a lot to do with it. Using sound judgment, research, and experience, a good agent … (3 comments)

proper pricing: Finally...Good Bay State Real Estate News! - 01/26/10 04:38 AM
The Warren Group, publisher of Banker & Tradesman just released their data on Massachusetts single family home sales.  Their report shows that the four year trend of sliding sales seems to finally be reversed with home sales now up by 3% from 2008 to 2009.
Most Realtors will acknowledge that the Massachusetts market peak was during 2005 when prices were almost 20% higher than the current 2009 sales data.
According to the (MLSPIN) Multiple Listing Service, there are currently 104 total single family homes, including new construction, for sale in Franklin.  During the past 30 days, sales were posted within 3% of a … (4 comments)

proper pricing: Determining Home Value in Franklin, MA--A Case Study - 11/12/09 05:24 AM
Once not too long ago, a Franklin, Massachusetts homeowner called to get an idea about what their ranch-style home would sell for in today's market. 
As a Realtor, I said, "I would be happy to swing by and walk through your home with you, then I can research the data on comparable homes and provide you a cma report."  The homeowner said, "Cma? What does that mean?"  I was reminded the consumer does not necessarily know what a comparative market analysis is or how Realtors and/or a bank appraiser can determine the true home value.
This home was built in 1969 and was on … (0 comments)

proper pricing: Falling Leaves & Falling Prices--Boston Shows 4 Month Price Drop - 11/04/09 12:43 AM
 
 
 

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Kathy Stankard, Years of Experience, Years of Results (Coldwell Banker, Franklin,MA/508-369-5131)

Kathy Stankard

Years of Experience, Years of Results

Franklin, MA

More about me…

Coldwell Banker, Franklin,MA/508-369-5131

Address: 393 West Central Street, Franklin, MA, 02038

Mobile: 508-369-5131

Real estate rants and advice on the Franklin, Massachusetts and the metro west of Boston area. Stop by often because you never know what resources or tidbits you might find!


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