Assessed Home Values Rarely Equal Fair Market Value - 12/29/08 02:19 PM
Over the last few years in Massachusetts as well as many other parts of the country we have seen a rapid decline in Real Estate values. In many towns around Metrowest Massachusetts it would not be unusual to see a home that sold in 2007 for $500,000 to be re-sold today around $450,000. It is an unfortunate fact of life. All good things tend to come to an end at some point.
One of the common lines of thinking that occurs when Real Estate values are heading downward is that the home owners tax bill must also be coming down too. … (119 comments)

USDA Loans Mortgage Option For Low to No Down Payment - 12/22/08 07:32 AM
USDA loans (US Department of Agriculture) aka Section 502 loans are an excellent mortgage vehicle for those who do not have money to put down but have decent credit ratings. Typically a credit score over 600 will get the loan done. A score between 580-600 will come under much heavier scrutiny but will not rule out the borrower.
You heard that correctly...with a USDA loan you can do 100% financing!
These loans are typically used to help low to moderate income households purchase homes in rural areas. These loan products are backed by the Federal government.
In order to qualify for … (53 comments)

Energy Saving Tips for the Winter Months - 12/19/08 07:24 AM
It is no secret that energy prices have been high all year but thankfully have dropped quite a bit as we head into the Winter months. There are of course plenty of things you can do to save additional $$$ and conserve energy this Winter. Some are fairly obvious and easy.                                                                                      
Here are some of the easiest energy saving tips for your home:                                                                                              … (66 comments)

Deed in Lieu of Foreclosure and Short Sales - 12/16/08 03:16 PM
A deed in lieu of foreclosure aka (cash for keys) is when a home owner conveys all their interest in a property to the lender in order to avoid foreclosure proceedings. In the typical deed in lieu of foreclosure scenario, the mortgagee is in default i.e has not been making his or her mortgage payments.
Proceeding with the deed in lieu of foreclosure offers advantages to both the home owner and the lender.
The advantages to the borrower include the potential release from a large debt, less impact to your credit scores than a foreclosure, and also the avoidance of … (52 comments)

Finding Local Contacts for Twitter - 12/15/08 10:08 AM
As many of you know establishing new relationships via Twitter can bring you the potential for future business.
This is one of the benefits of social networks and becoming connected online. We all get requests daily via our accounts to be contacts, friends, to follow, and so forth.
It's great that all of us in the Real Estate industry can use Twitter as a tool to keep in touch but have you ever wondered how you can make connections with those that are local to you? I am going to show you how. There is a site called Twellowhood that allows … (136 comments)

Foreclosure Avoiding it Through a Short Sale or Loan Modification - 12/10/08 09:18 AM
Foreclosure is not a fun word yet it is reality that many across the US are facing in these tough economic times.
There are many ways that home owners find themselves in this predicament including job loss, reduction in income, mounting credit card debt, an increase in mortgage payments, a terrible illness, or divorce. There are probably others that I have missed as well.
A home foreclosing doesn't just effect the homeowner directly. It effects you and I and everyone else that lives near the home.
Foreclosures drive down property values! When you are faced with selling your home and you … (85 comments)

Selling Your Home in A Buyer's Market - 12/08/08 10:41 AM
There are many who have thought about selling their home but have not due to the decline in market values over the last few years. This is understandable UNLESS you are going to be buying another home under the same market conditions!
Sure market values have dipped quite a bit here in Metrowest Massachusetts. The value of homes in many towns has dropped by 20% or more since the peak in 2005. The $600,000 home you bought in 2005 may now have a value around $500,000. The point is if your are staying local it does not really matter. Why? Simple... … (90 comments)

Northbridge Real Estate Market Report - 12/07/08 07:02 PM
                                 Northbridge Massachusetts Real Estate Market Report for November 2008

 
 
 
 
 
 
 
 
 
 
In November of 2008 there was 5 homes that closed within the month for Northbridge Massachusetts. This is an decrease of 1 units as there were 6 homes that closed in November of 2007.
The Average list price for the homes that closed in Northbridge for November of 2007 was $333,063
The Average list price for the homes that closed in Northbridge for November of 2008 was $469,715
The Average sale price for the homes that closed in Northbridge for November of 2007 was $317,500
The Average … (8 comments)

Mendon Real Estate Market Report November 2008 - 12/07/08 07:00 PM
                                        Mendon Massachusetts Real Estate Market Report for November 2008 

 
 
 
 
 
 
 
 
 
In November of 2008 there were 3 homes that closed within the month for Mendon Massachusetts. This is an increase of 1 units as there were 2 homes that closed in November of 2007.
The Average list price for the homes that closed in Mendon for November of 2007 was $399,450
The Average list price for the homes that closed in Mendon for November of 2008 was $476,333
The Average sale price for the homes that closed in Mendon for November of 2007 was $382,000
The Average sale … (1 comments)

Hopedale Real Estate Market Report November 2008 - 12/07/08 07:00 PM
                                         Hopedale Massachusetts Real Estate Market Report November 2008

 
 
 
 
 
 
 
 
 
In November of 2008 there was 3 homes that closed within the month for Hopedale Massachusetts. This is a decrease of units 2, as there were 5 homes that closed in November of 2007.
The Average list price for the homes that closed in Hopedale for November of 2007 was $361,140
The Average list price for the homes that closed in Hopedale for November of 2008 was $281,567
The Average sale price for the homes that closed in Hopedale for November of 2007 was $326,400
The Average sale price for … (0 comments)

Milford Real Estate Market Report November 2008 - 12/06/08 02:30 PM
                               Milford Massachusetts Real Estate Market Report November 2008

 
 
 
 
 
 
 
 
 
In November of 2008 there were 12 homes that closed within the month for Milford Massachusetts. This is an increase of 3 units as there were 9 homes that closed in November of 2007.
The Average list price for the homes that closed in Milford for November of 2007 was $310,500
The Average list price for the homes that closed in Milford for November of 2008 was $266,050
The Average sale price for the homes that closed in Milford for November of 2007 was $295,494
The Average sale … (11 comments)

Southboro Real Estate Market Report November 2008 - 12/05/08 07:23 AM
                                 Southboro Massachusetts Real Estate Market Report for November 2008

 
 
 
 
 
 
 
 
 
In November of 2008 there were 3 homes that closed within the month for Southboro Massachusetts. This is a decrease of 5 units, as there were 8 homes that closed in November of 2007.
The Average list price for the homes that closed in Southboro for November of 2007 was $804,053
The Average list price for the homes that closed in Southboro for November 2008 was $742,000
The Average sale price for the homes that closed in Southboro for November of 2007 was $776,382
The Average sale price … (7 comments)

Best Remodeling Projects Cost V.S Value For Your Home - 12/03/08 07:35 AM
The annual Cost V.S Value report for home additions and remodeling projects has been released by Realtor Magazine for 2008. If you are thinking of adding an addition or renovating your home in Massachusetts this is an excellent guide that will at least give you a ballpark on what you can expect for a return on your investment.
"NATIONAL ASSOCIATION OF REALTORS® statistics show that home prices have fallen by an average of 7 percent nationally in the past year. But the value of home owners’ investment in remodeling projects has declined only 3.86 percent on average between 2007 and 2008, … (61 comments)

Upton Real Estate Market Report November 2008 - 12/03/08 07:34 AM
                                 Upton Massachusetts Real Estate Market Report November 2008

 
 
 
 
 
 
 
 
 
In November of 2008 there was 4 homes that closed within the month for Upton Massachusetts. This is a decrease of 6 units, as there were 10 homes that closed in November of 2007.
The Average list price for the homes that closed in Upton for November of 2007 was $334,902
The Average list price for the homes that closed in Upton for November of 2008 was $511,716
The Average sale price for the homes that closed in Upton for November of 2007 was $322,650
The Average sale price … (0 comments)

Holliston Real Estate Market Report November 2008 - 12/02/08 09:32 AM
                                     Holliston Massachusetts Real Estate Market Report November 2008

 
 
 
 
 
 
 
 
 
 
In November of 2008 there were 2 homes that closed within the month for Holliston Massachusetts. This is a decrease of 8 units as there were 10 homes that closed in November of 2007.
The Average list price for the homes that closed in Holliston for November of 2007 was $382,285
The Average list price for the homes that closed in Holliston for November of 2008 was $559,450
The Average sale price for the homes that closed in Holliston for November of 2007 … (6 comments)

Ashland Real Estate Market Report November 2008 - 12/02/08 08:01 AM
                            Ashland Massachusetts Real Estate Market Report November 2008

 
 
 
 
 
 
 
 
 
In November of 2008 there were 5 homes that closed within the month for Ashland MA. This is an decrease of 10 units as there were 15 homes that closed in November of 2007.
The Average list price for the homes that closed in Ashland for November of 2007 was $428,802
The Average list price for the homes that closed in Ashland for November of 2008 was $456,740
The Average sale price for the homes that closed in Ashland for November of 2007 was $417,110
The Average sale … (5 comments)

Westboro Real Estate Market Report November 2008 - 12/02/08 07:22 AM
                                  Westboro Massachusetts Real Estate Market Report for November 2008

 
 
 
 
 
 
 
 
 
 
In November of 2008 there were 14 homes that closed within the month for Westboro Massachusetts. This is a increase of 7 units as there were 7 homes that closed in November of 2007.
The Average list price for the homes that closed in Westboro for November of 2007 was $537,771
The Average list price for the homes that closed in Westboro for November of 2008 was $386,821
The Average sale price for the homes that closed in Westboro for November of 2007 was $515,550
The … (4 comments)

Hopkinton Massachusetts Real Estate Market Report November 2008 - 12/01/08 02:58 PM
                                 Hopkinton Massachusetts Real Estate Market Report November 2008

 
 
 
 
 
 
 
 
 
 
In November of 2008 there were 8 homes that closed within the month for Hopkinton Massachusetts. This is a decrease of 1 units as there were 9 homes that closed in November of 2007.
The Average list price for the homes that closed in Hopkinton for November of 2007 was $640,222
The Average list price for the homes that closed in Hopkinton for November of 2008 was $685,425
The Average sale price for the homes that closed in Hopkinton for November of 2007 was $602,944
… (18 comments)

 
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Bill Gassett Metrowest Massachusetts Real Estate

Hopkinton, MA

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RE/MAX Executive Realty

Address: 77 Main Street, Hopkinton, MA, 01748

Office Phone: (508) 435-5356

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Metrowest MA Real Estate - Realtor specializing in home sales in Hopkinton, Milford, Holliston, Ashland, Southboro, Westboro, Upton, Mendon, Hopedale, Grafton, Medway, Northbridge, Franklin, Framingham, Shrewsbury, Northboro, Bellingham, Sutton, and Uxbridge MA. Includes Real Estate home sellling & buying tips, Homes for sale in and around Metrowest. Connect with me on

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