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Bridgewater, MA Real Estate News

By Susan Morrison
(RE/MAX Executive Realty)
Single Family Home for sale in Bridgewater, MA OverviewMapsPhotosFeaturesDescriptionNeighborhoodMarket Stats $175,000 Single Family Home Main Features 2 Bedrooms1 Full BathroomInterior: 1,030 sqftYear Built: 1971MLS #: 72295850 Location 220 Bedford StreetUnit 12DBridgewater, MA 02324USA Susan M Morrison (617) 686-8178susan.morrison1@comcast.nethttp://www.saysusansaysold.com    Listed by: Susan Morrison Our recent listings Single Family Residential | $175,000 | Bridgewater, MADetached Townhome For Sale in Franklin | $500,000 | Franklin, MASingle Family Home for Sale in Bellingham | $250,000 | Bellingham, MAListing Agent | $475,000 | Franklin, MABrick Front Colonial For Sale in Franklin | $650,000 | Franklin, MA Subscribe to our listing feed Nearby properties for sale
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
The author Brigitte von Weiss of VON WEISS LAW OFFICE is an Easton MA estate planning and elder law attorney.   Website:  vonweisslaw.com  There are several non-tax reasons for utilizing trusts such as asset protection; avoiding probate; creditor protection; protection for the surviving spouse and children in the event the surviving spouse remarries; control and management of assets for spendthrifts, minors and those disabled; and avoiding ancillary probate for real estate owned in another state.  Moreover, living trusts are private (not public) documents and notice of the trust assets and accountings need be given only to the interested parties.   Example:  Mr. and Mrs. Bridgewater have "I love you" wills whereby they leave everything to each other and they each have a taxable estate o...
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
The author Brigitte von Weiss of VON WEISS LAW OFFICE is an Easton MA estate planning and elder law attorney.   Website:  vonweisslaw.com What if there is a Will, but the surviving spouse was left nothing or a token amount?   Under Massachusetts law, can you disinherit your spouse?   A preliminary issue is whether there is a valid and enforceable prenuptial agreement or separation agreement impacting the inheritance rights of the surviving spouse.   The balance of this blog assumes there is no such valid and enforceable prenuptial or separation agreement.  Under Massachusetts law, a surviving spouse has the right to waive the Will and claim instead the forced share (also referred to as "elective share" and "statutory share").    The Massachusetts Uniform Probate Code (MUPC) became effe...
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
The author Brigitte von Weiss of VON WEISS LAW OFFICE is an Easton MA estate planning and elder law attorney.  Website:  vonweisslaw.com  What is the Adult Foster Care (also called Adult Family Care) Program? Adult Foster Care (also called Adult Family Care) is a program that enables elders who cannot live alone safely to have a live-in caregiver.  The services to the elder also include meal preparation, assistance with personal care and medication, shopping, laundry, housekeeping, transportation to medical appointment and social visits, and maintaining a clean and safe living space.   The live-in caregiver receives a non-taxable stipend of up to $18,000 per year.  The amount of the stipend depends on the number of activities of daily living with which the elder requires assistance, i.e...
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
The author Brigitte von Weiss of VON WEISS LAW OFFICE is an Easton MA estate planning and elder law attorney.  Website:  vonweisslaw.com  What is the Home and Community Based Frail Elder Waiver (Waiver) Program?    Elders who are clinically in need of nursing home care and meet the asset limits detailed below qualify for the Home and Community Based Frail Elder Waiver (Waiver) Program.   The Waiver program is funded by MassHealth and provides the following services: skilled nursing, home health aide, housekeeping, laundry, transportation, grocery shopping, meal delivery, and the wander response system.              What are the income and asset rules for Waiver Program?  Under the Waiver program, there is no income limit.  However, if the elder’s gross monthly income exceeds the thresho...
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
The author Brigitte von Weiss of VON WEISS LAW OFFICE is an Easton MA estate planning and elder law attorney.  Website:  vonweisslaw.com  What is the Home Care Program?   The Home Care Program is for elders with limited income and with low-to-moderate needs in terms of in-home services. The program also includes respite care for caregivers. Elders are eligible for the Home Care Program if they meet the income criteria detailed below; are not residing in a rest home, nursing facility, convalescent home, or assisted living residence; are not receiving services from an all-inclusive program such as Adult Foster Care (also known as Adult Family Care), Group Adult Foster Care (GAFC), or Program for All-Inclusive Care (PACE); and have been assessed and determined to be in need of in-home serv...
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
Who can be the personal representive (formerly known as executor)? The Massachusetts Uniform Probate Code (MUPC) became effective as of March 31, 2012. Under the MUPC, the person in charge of the estate of a deceased person is called a “personal representative”.  Before the MUPC, we used the terms "executor"--if a person died with a Will--and "administrator"--if a person died without a Will. Whether or not there is a Will, § 3-203(a) of the MUPC has a “priority ladder,” which establishes who has priority to be appointed as the personal representative.  Generally, the order is as follows: (1) the person named in the Will, (2) the surviving spouse who is also a devisee, (3) other devisees, (4) the surviving spouse, (5) other heirs of the decedent, (6) if no known spouse or next of kin, a ...
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
I am often asked "How does my divorce affect my estate plan?"  The Massachusetts Uniform Probate Code (MUPC) became effective as of March 31, 2012. Before the MUPC, Massachusetts law provided that divorce revoked the provisions in favor of a former spouse in a pre-existing Will (the former spouse was treated as having died first).  The net effect was that former spouse did not inherit directly under the Will and any nominations appointing the former spouse were void.  The prior law was sometimes problematic.  For example, under the old law, the stepchildren potentially could inherit (even though the former spouse did not) since the former spouse was treated as having died first and, consequently, children of the former spouse were entitled to the share of the former spouse.  Also, under...
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
Website:  vonweisslaw.com The Massachusetts Uniform Probate Code (MUPC) became effective as of March 31, 2012. The MUPC contains certain family protection provisions meant to assist with the immediate support of surviving spouses and children. One such family protection provision is the discretionary family allowance (not to be confused with the exempt property statute). Under § 2-404(a) of the MUPC, the personal representative (person in charge of the estate) has the authority to pay a "family allowance" to the surviving spouse and "minor children whom the decedent was obligated to support and children  who were in fact being supported by the decedent."   Unless the court orders otherwise, the personal representative's discretionary authority to pay a family allowance is capped at a lu...
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
Website:  vonweisslaw.com The Massachusetts Uniform Probate Code (MUPC) became effective as of March 31, 2012.  The MUPC contains certain family protection provisions meant to assist with the immediate support of surviving spouses and children. One such family protection provision is the exempt property statute (not to be confused with the discretionary family allowance). Under § 2-403(b) of the MUPC, the surviving spouse has the right to remain rent-free in the decedent’s house for six months after the decedent’s death.     Under § 2-403(a), the surviving spouse, or children if there is no surviving spouse, are entitled to up to $10,000 of exempt property from the decedent’s probate estate.   The $10,000 first comes from "household furniture, automobiles, furnishings, appliances and pe...
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By Brigitte von Weiss
(an Expertise in Estate Planning and Elder Law )
The author Brigitte von Weiss of VON WEISS LAW OFFICE is an Easton MA estate planning and elder law attorney. Website:  vonweisslaw.com Why is it that some nursing homes mislead elders about MassHealth (also known as Medicaid)?  Recently, a nursing home told my client (let's call her Mrs. Elder) not to apply for MassHealth (also known as Medicaid) for her husband because if she did apply for MassHealth, the MassHealth agency would put a lien on her house.  This is misleading.  The MassHealth regulations specifically set forth that a MassHealth lien cannot be placed when there is a spouse living in the house.  Because Mrs. Elder is a spouse living in the house, a lien could not be placed on Mr. and Mrs. Elder's home.  Luckily, Mrs. Elder ignored the nursing home and came to see me for as...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
What’s Selling – and What’s Not – in Bridgewater MA in January 2012   On average, homes for sale in Bridgewater MA in January 2012 are on the market for 112 days before they are sold. However, homes in some price ranges don’t take as long to sell as compared to homes other price ranges.   The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.   The higher the absorption rate (or the less the number of days homes are on market), the higher the proba...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Trend in Home Prices in Bridgewater MA in January 2012 – Improving, or...?   Prices of single family homes in Bridgewater MA in January 2012 on average have been rising in recent months! While home prices on average are down 7.9% compared to January 2011, and they are up 4.4% since July of 2012.   The current average listing price of single family homes for sale in Bridgewater MA is $273,746, up 4.3% from a month ago. Compare this to the current median sales price of $275,000 - where half of sales are above this amount and half below it.   Below is a chart of the trend of median sales prices of single family homes sold in Bridgewater MA over the past 5 years through January 2012:     In addition, the number of single family homes sold per month in Bridgewater MA has increased 22.2% ...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Trend in Home Sales in Bridgewater MA 02324 – Improving, or...?   Home prices in Bridgewater on average have been rising in recent months! While home prices on average are down 11.8% compared to 2010, and they are up 13.5% since August of 2011.   The current average listing price of homes for sale in Bridgewater MA is $299,902, up 2.3% from a month ago. Compare this to the current median sales price of $244,000 - where half of sales are above this amount and half below it.   Below is a chart of the trend of median prices of homes for sale in Bridgewater MA over the past 5 years through December 2011: Bridgewater Recently Sold Homes   So what does all this mean? Well, if you're looking for a home in the town of Bridgewater, you better not mess around too much. Both sales of homes and...
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By Jim Mushinsky
(Centsable Inspection)
A home inspector working in Bridgewater MA is required to perform a home inspection to the Massachusetts Home Inspector Standards of Practice. A copy of the standard will be provided to the client by the home inspector. A copy of the Home Inspectors Facts for Consumers sheet will be provided by the seller or seller's representative.The MA Home Inspector Standards of Practice is written for the professional home inspector. United Inspection Service has created some easy to read Consumer Information Sheets illustrating what is included and excluded in a Standard MA home inspection. Clear client communications (3c) are one of our core values. See the easy to read one page consumer information sheets for each of the systems in a MA Home Inspection.Visit the Bridgewater MA Home Inspection we...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Trend in Home Sales in Bridgewater MA 02324 - Improving, or...? Home prices in Bridgewater on average are falling! Home prices have fallen 9.2% since June of 2011. However, the current average listing price of homes for sale in Bridgewater, MA is up. The average listing price is $314,274, up 1.1% from a month ago. Compare this to the current median sales price of $243,270 - where half of home sales are above this amount and half are below it. Below is a chart of the trend of median sales prices of homes in Bridgewater, MA over the past 5 years through August 2010: Bridgewater Recently Sold Homes Median Sale Prices of Homes in Bridgewater, MA     The number of home sales in Bridgewater, MA is down 33.8% from year ago levels: Bridgewater Recently Sold Homes Number of Home Sales in Bri...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Trend in Home Sales in Bridgewater MA - Improving, or...? Home prices in Bridgewater on average are rising! Home prices have risen 3.1% since June of 2009. The current average listing price of homes for sale in Bridgewater MA is $306,818, down just 1.3% from a month ago. Compare this to the current median sales price of $268,000 - where half of sales are above this amount and half below it. While prices of homes in Bridgewater on average are rising, 2 and 4 bedroom homes are selling for less. Prices of 2 bedroom homes are down 35.6% while prices of 4 bedroom homes are down 19.5% from a year ago. Prices of 1 and 3 bedroom homes are up. 1 bedroom homes are up 8.8% while 3 bedroom homes are up 8.4% from a year ago. Below is a chart of the trend of median prices of homes for sale in Bri...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Mortgage Rate Forecast for May 7, 2010 Here are some of the events affecting mortgage rates today: What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.56 this morning - the same as yesterday's close. At 9:30 AM, the 4.5% MBS coupon was trading at 101.50 - down 2/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage rates. I expect that mortgage rates will be up to 0.125 points or more worse in price this morning as compared to yesterday. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days from 4-7-2010 to 5-7-2010: Economic Reports, News, and Events Affecting Mortgage Inte...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Trend in Home Sales in Bridgewater MA Through April 2010 According to Trulia.com, sales prices of homes in Bridgewater have decreased 13.6% over the past year through April 2010, and have declined 39.8% over the past 5 years. The current average listing price of homes for sale in Bridgewater MA is $320,611, while the current median sales price is $216,000. The median sales price is the price at which one half of the homes sold above that amount, and one half of the homes sold below that amount. Below is a chart of the trend of median prices of homes for sale in Bridgewater MA over the past 5 years through April 2010: Bridgewater Recently Sold Homes Below is a chart of the trend in home sales in Bridgewater MA over the past 5 years through April 2010: Bridgewater Recently Sold Homes If y...
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By Lynda Longmire
(Virtual Homes Real Estate)
Bridgewater Massachusetts Single Family Market Report - Year to Date (11/30/2009) There were 121 Bridgewater MA real estate homes sold in 2009 YTD with an average sales price of $303,882 and an average days on market (DOM) of 108. The selling range was a low of $80,000 and a high of $630,877. As of November 30, there were 55 homes active on the market with an average list price of $381,189, and an average DOM of 147.  There were 12 homes under contract with an average price of $296,842 and an average DOM of 98. The number of homes sold increased since 2008 from 99 to 121 units. Bridgewater MA Real Estate - Community, relocation and school information with town demographics. Bridgewater MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales Bridgewater M...
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