Kathy Portway - SUCCESS! Real Estate



Posted by Kathy Portway on 12/17/2018

Ever wondered what the market value of your home is? Or what the market value would look like for your dream home? If youíve done a quick Google search youíve probably come across at least a handful of websites offering tools to help you determine the value you on your own. But the numbers these tools put out should always be taken with a grain of salt. Calculating a homeís value is a complex calculation taking more than just hard data into account. And thatís where your real estate agent comes in with the information you need to know that an online tool couldnít possibly obtain.

The first thing you should know is that the market value is not a number set in stone. Itís also not a number that is reached from purely quantitative data. This is because market value is what buyers are willing to pay for a home and there are so many qualitative factors that go into this decision. Factors a computer canít find or determine on its own and that usually require someone local who has extensive knowledge of the area.

Someone like a real estate agent! An agent is well versed in selling homes in the area and connections to the community. Agents also have access to a database that stores information from all the local home sales to use as a jumping off point when calculating the home value.

So this isnít a hard and fast rule that necessarily goes by the book. While homes that have sold with similar features as yours are part of the equation they arenít the whole picture.  So yes, the number of bed and baths in your home, amenities, recent updates, the overall condition of the home, location, and age of the house will all be carefully considered this is just a piece of the bigger picture.

Factors such as current market conditions,  how many other houses are on the market, and the various reasons why nearby homes have sold are a few factors that can make an impact on your home value. Afterall, you donít want to underprice your home based off of other homes that have sold at a lower price point to attract buyers fast or overprice for your neighborhood based on what you feel your home is worth.

Lenders want to ensure the home is selling at or above the market value so getting the price right will ensure a smoother buying process for potential buyers. However, if a property is on the market for longer than 30 days, which happens often to those that are overpriced, buyers start to wonder why. They may avoid your home as a possibility. In this scenario, sellers often have to significantly drop pricing, often below market price, to attract potential buyers.

Real estate agents are truly the best source for all of this information. They can perform what is called a competitive market analysis (or CMA). We have access to resources third-party websites and DIY-appraising just canít access.




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Posted by Kathy Portway on 12/14/2018

This Condo in Taunton, MA recently sold for $249,900. This Townhouse style home was sold by Kathy Portway - SUCCESS! Real Estate.


1559 Bay St, Taunton, MA 02780

Condo

$249,900
Price
$249,900
Sale Price

5
Rooms
2
Beds
1/1
Full/Half Baths
Spacious 2 bedroom waterfront property defines Condo living at its best! Lovely brick walkway welcomes you through to an open floor plan which includes fireplace living room, hardwood flooring in breakfast nook and a galley style kitchen. Master bedroom has plenty of closet space, sky light and french doors to a balcony which is perfect for that morning coffee. Third level loft space can easily be used as reading area, office or TV space and has new carpeting. Decking includes a wonderful screened in porch to enjoy the great water view and peaceful yard. Water heater was replaced in 2015. Roof is newer. Bring your kayaks, there's plenty of room in the basement to store them. Amenities include salt water pool and tennis courts. Ample parking. Easy access to highways and shopping. Call today to make this your new address.

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Tags: Real Estate   Taunton   02780   Condo  
Categories: Sold Homes  


Posted by Kathy Portway on 12/10/2018

A showing enables a buyer to walk through a residence and envision what life may be like if he or she purchases it. And if a buyer crafts a home showing strategy, he or she can make the most of this opportunity.

Now, let's take a look at three tips to help you plan ahead for a house showing.

1. Review the Home Listing

A home listing may include details about a house, as well as images that depict different areas of a residence. It also may feature information about various attractions and landmarks near a house.

By reviewing a listing prior to a showing, you can double-check to ensure a home falls in line with your homebuying goals. Plus, you can use a listing to understand what you may see during a showing and establish realistic expectations for a residence.

2. Make a List of Questions

There is no reason to enter a showing without a list of questions about a residence. Because if you attend a showing without questions in hand, you risk missing out on valuable insights about a house that otherwise could help you determine if a home is right for you.

As you create a list of home showing questions, consider what you want to know about a house that you were unable to learn from the residence's listing. For instance, you may want to ask why a seller has decided to list his or her house. Or, you can craft questions about utility expenses and other home costs so you can get the information you need to analyze a house.

3. Prepare Your Home Showing Essentials

A home showing is a learning experience unlike any other, so it often helps to put together a bag of must-have items for the event.

For example, you may want to bring a pen and paper so you can take notes during a house showing. Meanwhile, some buyers carry a camera with them so they can capture photos of a house and review them after a showing.

As you prepare to attend a home showing, you may want to consult with a real estate agent as well. This housing market professional can take the guesswork out of planning for a showing and help you gain the insights you need to assess all aspects of a residence.

Typically, a real estate agent will meet with a buyer prior to a showing and offer insights into a house. A real estate agent and buyer then will attend a showing together and walk through a house. After a showing is complete, a real estate agent and buyer next will discuss the house and weigh its advantages and disadvantages. At this point, if a buyer wants to submit an offer to purchase a particular home, a real estate agent will help him or her craft a competitive homebuying proposal.

Want to maximize the value of a house showing? Use the aforementioned tips, and you can plan ahead for any home showing, at any time.




Tags: Buying a home   showing  
Categories: Uncategorized  


Posted by Kathy Portway on 12/3/2018

When youíre buying a home, itís important to offer a good price to be able to land the property of your dreams. You also donít want to overpay for the house youíre buying. If you want to know for sure that youíre paying a good price for a home, youíre going to need to do some price comparisons. Take a look at recently sold homes in your neighborhood of choice and see what the going rate is. If all of the homes are similar in the area, it will be easy to find out how much the home youíre buying is worth. There are a few ways that you can do comparisons to make it easier for you to determine the right price for the home you want to buy. 


Take A Look At The Neighborhood


There are certain features that attract nearly everyone to certain neighborhoods. From the safety and friendliness of an area to the schools that are nearby, to the stores, and public transportation access, people are attracted to what makes their lives easier and more enjoyable. The bottom line is the more desirable the neighborhood, the higher the price of the homes in it. 



Check Out Public Records


With the Internet, itís pretty easy to access public records these days. You can take a look at what properties have been bought and sold for in recent times int the area of the homes that youíre looking at. You can even take a peek at some historic information to help you see if the area is up-and-coming.


Is The Neighborhood Going To Become Trendy?


Sometimes, you can find a great property for less in a neighborhood that hasnít quite reached itís full potential yet. If thereís a slot of new construction going on, thatís a good sign that the neighborhood is moving on up! Especially attractive features in a neighborhood are new schools, new shopping centers, or new parks.                


There Is A Tipping Point To Growth


If it seems that a neighborhood is growing a bit too much, it may actually decrease the value of your home. Huge commercial developments can actually be detrimental to the value of a property. Where thereís a lot of people, thereís also a lot of noise and traffic. Thatís usually not a desirable factor in a neighborhood.    


Meet In The Middle


When youíre looking at the price of properties, the best bet is to meet somewhere in the middle for what is reasonable. While you donít want to buy the highest priced home in the neighborhood, you probably donít want to lowest price for that neighborhood either. Working with a more average number is a good option because your home helps any home lower priced than yours, while any higher priced homes help to increase the value of your home. Itís a win-win situation when you choose a property based on price and keep this strategy in mind.    





Posted by Kathy Portway on 11/28/2018

OFFERS DUE BY 5:00 PM, THURSDAY! Perfect country setting for this stunning Cape style home. Well maintained grounds with large decking and patio out back to enjoy private wooded area. Built in 2008 the main level is light and bright with lovely hardwood floors through living and dining rooms. Eat in kitchen has ceramic tile, stainless steel appliances, gorgeous back splash and Maple cabinetry. Dining room has pretty crown moldings and is perfect for family gatherings. Move on up to the second floor you will find a front to back Master bedroom with plenty of closet space, a Hollywood bath and two more spacious bedrooms. But its the absolutely amazing, knock your socks off, renovated lower level where you'll spend most of your time. Whether its family time or entertaining friends the space is so inviting with beautiful porcelain tile flooring, cozy lounging area complete with wet bar and beverage fridge. Come by and take a look, you will be glad you did.

More Info on this Property | New Listing Alerts




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