Medford, MA Real Estate News

By Jill McTague, DebOnTheWeb & Associates - Medford, MA Real Estate
(RE/MAX Andrew Realty Serfvices)
Unfortunately it’s not uncommon to be a real estate agent, walk into a house to show it and see a smoke detector near a kitchen or bathroom with the cover hanging open and the battery taken out. Cooking or steam from a bathroom can set off smoke detectors. Most people will pull the battery rather than put up with these annoying false alarms. A new state law is aimed to stop this from happening. State law requires that the local fire department has to inspect every property before it sells to ensure that the property is equipped with appropriate working smoke and carbon monoxide detectors. Smoke detectors use either photoelectric or ionization technology to detect smoke and fires. The new smoke detector law requires that a photoelectric only smoke detector be installed within 20 feet of ...
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Wednesday, March 17, 2010 Spring 2010 and still no FiOS?!?!   Image via Wikipedia Well on Saturday March 20th, 2010 it will be the first day of spring here inMedford, MA. Still awaitingVerizon FiOS to launch here. Back in the summer/fall 2009 there was alot of activity fromVerizon around the city putting up alot offiber optic cable but still no word on when it's expected. Google put out a request for communities to compete for their new ultra-high speed broadband/fiber optic service. http://www.google.com/appserve/fiberrfi/ - I hope you'll take a minute to nominate Medford for consideration. It would really be amazing to be on the cutting edge of high speed internet access.
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By Jill McTague, DebOnTheWeb & Associates - Medford, MA Real Estate
(RE/MAX Andrew Realty Serfvices)
I enjoy working with sellers and buyers. Each day is different and you never know what’s going to happen next. As with every business, there are people who are good at their jobs and some who are not as proficient. I have a file of really bad photos from MLS. If you come to next week’s Free Home Sellers’ Seminar you’ll get to see a few of my favorites. Ellen had some fun on her show looking at a few houses for sale. All of a sudden, the Medford area seems quite pedestrian!    
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By Lori Liveston
(Virtual Homes, Real Estate)
71 Charnwood Road, Medford MA 2BR/1BA Single Family House offered at $329,900 First time buyer's perfect starter home!! Adorable Bungalow in convienent location. Walk to public trans. walk to Tufts University, short drive to Rt. 93. Nothing to do but move in. This home has been lovingly maintained and updated to suit all your needs. Move in and enjoy the new deck and fenced in yard just in time for the Spring/Summer.  Come see for yourself!  Open House, Sunday 3/14 12:00-2:00   Features include: Hardwood Floors, Bonus/Rec Room, Dining Room, Deck, Updates Kitchen, Updated Bath, New Windows, New Siding and loaded with charm!      Listing Courtesy of Darleen Foster, Virtual Homes Real Estate
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Thursday, March 11, 2010 Leading Real Estate Companies of the World - Day 2 Continued   Image via CrunchBase Leading Real Estate Companies of the World Convention Day 2Another amazing day learning about referral business and development with some of the top relocation & referral companies in theUSA & Internationally.Learning about developments in thereal estate market and vendors to best assist us in meeting buyers and sellers where they search were top on the agenda. Met with Celeste Starchild of ListHub, Alex Chang of Roost.com, Stan Humphries of Zillow.com, Pierre Calzadilla of Trulia.com and Carter M ofGoogle.It was great to listen to these top of the market innovators to find out their short term and long term views on real estate and where our marketing efforts will be going in th...
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Wednesday, March 10, 2010 Leading Real Estate Companies of the World Convention - Day 2   Image by Bert K via Flickr @EncoreLasVegas Getting ready for another amazing day here @EncoreLasVegas, last night we had a 60's-70's themed networking nite and vendor fair. Leading Real Estate has really assembled great vendors to meet. Their products are really top notch. I even had the pleasure of meeting my mobile real estate application vendor,Smarter Agent. It's kinda funny with the internet, twitter etc. you get to know people without even meeting them. I had the pleasure of meeting Jen Levine last night, great to put a face to a profile & emails. I really love my mobile real estate app and part of it is the customer service from the people at Smarter Agent.Also got to meet the Trulia & Zillo...
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Tuesday, March 9, 2010 Leading Real Estate Companies of the World Convention - Day 1   Image by alexdecarvalho via Flickr  Guy KawasakiWell as day one draws to an end I thought I'd update you on how the day went. Started off with the New Affiliates Q&A - Meet & Greet. Was great to meet so many new offices to LRE. We had alot of fun playing LRE Jeopardy & getting to know each other. Brokerages big & small were there. Learned alot of facts about LRE & it's offerings as well as new ideas.Then it was speed networking getting to know even more brokerages and offices all over the country & world.Quickly after that it was time for the general session where we heard from the Chairman of Leading Real Estate Companies of the World, Mr. Harold Crye and RESPRO Chairman Kevin Breeland. Then we heard...
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Leading Real Estate Companies of the World Convention - Las Vegas March 8th-11th   Image via Wikipedia Well I'm here inLas Vegas attending The Leading Real Estate Companies of the World Convention at Encore at TheWynn Hotel. This is my first time in Vegas and all I can say is WOW. This is a beautiful hotel. Looking forward to all the seminars & meeting the vendors associated with Leading Real Estate Companies. My company Wolfson Cutler Real Estate (http://www.wolfsoncutler.com/ ) decided to associate with Leading Real Estate Companies of the World (http://www.leadingre.com/ ) because of the amazing tools and programs offered for our office, agents and brokers and most importantly our clients. Leading Real Estate Companies works with the top independant real estate brokerages in the coun...
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By Lynda Longmire
(Virtual Homes Real Estate)
Medford MA Home Buying Guide - Tax Credits for You Purchasing a home can be a very stressful and complicated process. Enlisting the services of experienced Medford MA real estate related professionals will provide you with the information and advice to make sound decisions. Buyers often interview mortgage loan officers, Realtors, attorneys, home inspectors, accountants and financial advisers during the process of purchasing a property. Information regarding the home buying and selling process, demographics, commuting, school and relocation information can be found by visiting MEDFORD MA REAL ESTATE Financing Most home buyers will obtain a mortgage to purchase their home and there are numerous first-time home buyer financing programs offered by state agencies, local banks and national le...
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FRIDAY, JANUARY 1, 2010 Medford, Massachusetts - 2009 Year in Review - Real Estate Welcome to 2010, it'll take a few days to get used to writing 2010 for me. We've had an eventful year in real estate. We started off a bit slow & sluggish but with the Federal First Time Homebuyer's Tax Credit we saw a real uptick in activity during the final months of 2009. Fortunately Medford has a large inventory of homes that were in the price range for the tax credit. Foreclosures were less of an issue here than they were in other communities but we saw our share of short-sales, once again less than some surrounding communities. For 2009 there were 484 properties sold in Medford, Massachusetts (single family, multi-family, condominium). The breakdown is as follows: Single Family Listings: 205      A...
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By Jill McTague, DebOnTheWeb & Associates - Medford, MA Real Estate
(RE/MAX Andrew Realty Serfvices)
Happy Holidays! Here's the latest scoop on the Medford real estate market. Medford Real Estate Statistics as of December 2009 Let's compare this to just about one year ago as the new year began. Medford Real Estate Statistics as of January 2009 As you can see, prices throughout the city continued to fall during 2009. Sales of both single family and multi family homes remained pretty steady. Not only are there less condos for sale than there were last year, a much larger percentage of condos have been selling. Putting these two facts together shows a stronger condo market than we had last year. We're also seeing what we'd expect, a corresponding drop in the number of months of inventory currently for sale (absorption rate).
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By Lynda Longmire
(Virtual Homes Real Estate)
Medford MA Foreclosed and Bank Owned Real Estate for Sale Purchasing a home at a foreclosure auction has many risks to a potential buyer and in most cases the bank will bid and take possession of the property at auction. The property is then referred to as bank owned, REO (real estate owned) or foreclosed property. To search the MA MLS listings visit Medford MA MLS listings. A home owner may attempt a "short sale" whereby the bank agrees to accept less than the mortgage balance based on the owner's hardship and financial status. Obtaining approval can be a long and difficult process. Additionally, there is no assurance that the lender will accept an offer at or above the listed price. Bank-owned and short sale listings are often marketed with a real estate agent and placed in the Massac...
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By Fred Doleac, Real Estate in a Virtual World
(Fred Doleac - Bean Group)
Medford, Massachusetts Real Estate Report - Homes Sold (1/09-11/30/09) Medford MA Real Estate and Homes for Sale Singel family home activity has declined in 2009 as compared to 2008.  Only 187 homes have sold with an average sales price of $347,993.  Homes sold in a range of $105,000 to $347,993 with a days on market of 72 and a sales price to list ration of 98%.  In 2008, the average selling price was $377,098 with a DOM of 92 and a 96% sales price to list ratio. There are 42 homes currently on the market in a range from $184,900 to $894,000.  The average asking price is $397,836 and these homes have been active for 115 days.  12 homes are unde contract with an average asking price of $365,931. Virtual Homes Real Estate provides search tools to asist you in learning about the community...
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By Lew Corcoran, ASP®, Home Stager & Real Estate Photographer
(Scena Home Staging & Decora Photography)
Home Value Update for Medford MA Through Ocober 2009 According to Trulia.com, the sale prices of single family homes have increased 0.1% in the past year through the end of October 2009. The current mean sale price of homes for sale on the market in Medford, MA, is $324,888. Below is a chart of the trend of listing prices of homes for sale in Medford, MA, in the past year through October 2009: Medford Recently Sold Homes The $8000 first-time homebuyer's tax credit has been extended, and now expires on April 30, 2010. So, there's no better time than now to buy a home in Medford, MA, or surrounding area. If you're looking for a home or condo to purchase in Medford, MA, or in the surrounding area, then try this home search.  You can still buy a home with no money down with the USDA Rural D...
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By Lew Corcoran, ASP®, Home Stager & Real Estate Photographer
(Scena Home Staging & Decora Photography)
The Mortgage Interest Rate Lock Advisory for Medford MA for November 9, 2009 Here are some of the events affecting mortgage interest rates today in Medford, MA. What the Mortgage Backed Securities Market is Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.16 this morning - down 4/32 from Friday's close. The chart below shows today's price trend of the FNMA 30-Year 4.5% coupon: The FNMA 30-Year 4.5% MBS coupon is currently trading at 101.34 - up 2/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and mortgage interest rates come down with it. I expect that mortgage interest rates will be the same in price this morning as compared to Friday's close. The chart below shows the price trend of the FNMA 30-...
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By Jill McTague, DebOnTheWeb & Associates - Medford, MA Real Estate
(RE/MAX Andrew Realty Serfvices)
Last week the Senate voted to extend the first time buyer tax credit. Today the bill passed Congress. It is expected that President Obama will sign the bill in the next day or so. The new bill will extend the $8,000 1st time buyer tax credit to include all properties under agreement by April 30th as long as they close by July 1st 2010.  The income limits have been expanded as well. Single people can now make up to $125,000 while married couples can earn up to $225,000 and still take advantage of the tax credit. This time there is also a provision for move up buyers. If you have been in your house for at least 5 years, you can sell your present primary residence, purchase a new house and receive a tax credit of $6,500. Here’s a comparison chart showing the difference between the current ...
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Part of the $8,000 tax credit that's often overlooked   Image via Wikipedia There has been one glaring part of the $8,000.00 first time homebuyer tax credit that is often overlooked. YOU MAY NOT BE GETTING THE FULL $8,000!! The tax credit is for 10% of the purchase price or up to $8,000.00 whichever is LESSER. From the IRS Website on the tax credit.   http://www.irs.gov/newsroom/article/0,,id=206291,00.htmlQ. How much is the credit?A. The credit is 10 percent of the purchase price of the home, with a maximum available credit of $7,500 ($8,000 if you purchased your home in 2009) for either a single taxpayer or a married couple filing a joint return, but only half of that amount for married persons filing separate returns. The full credit is available for homes costing $75,000 or more ($8...
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By Jill McTague, DebOnTheWeb & Associates - Medford, MA Real Estate
(RE/MAX Andrew Realty Serfvices)
Bring your ghosts, goblins and ghouls to Medford on Friday October 30th from 3-4:30. Each year the Medford Chamber of Commerce along with local business in Medford Square and along Salem Street open their doors and pass out candy. This annual event is for kids 9 and younger. Parents, feel free to dress up as well - it's all part of the fun! Stop by ERA Andrew Realty right in Medford Square for candy and to view one of the largest Department 56 Christmas Villages.
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By Jill McTague, DebOnTheWeb & Associates - Medford, MA Real Estate
(RE/MAX Andrew Realty Serfvices)
The Lawrence Estates and Brooks Estates are two popular neighborhoods for Medford.  The Lawrence Estates is bordered by the woods of the Middlesex Fells Reservation and the Brooks Estates border the Mystic Lakes.  There's quick access to Route 93 from the Lawrence Estates while the Brooks Estates borders both Winchester and Arlington. Here are the homes currently for sale in the Lawrence and Brooks Estates:   If you're looking to sell or buy a house in the Lawrence or Brooks Estates, Just email, call or text me at 781-608-4692.
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Friends Of The Mystic River - Fall Cleanup 10/17   Image via Wikipedia Friends of theMystic River has rescheduled its 15th annual Mystic River Fall Cleanup to Saturday, Oct. 17, from 9:30 a.m.-2 p.m. Trash and debris will be collected along the river banks and in nearby grassy fields at selected locations between the Lower Mystic Lake andTorbert MacDonald Park. Volunteers of all ages are welcome to help and should check in at the parking lot next to the Condon band shell, onRoute 16 east of Winthrop Street (Route 38) inMedford. The Friends will supply bags, gloves and pokers. Workers may clean as long as they wish. Refreshments will be provided. Friends of the Mystic River (www.fomr.org) is a Medford-based community organization focused on the enjoyment, protection and enhancement of th...
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Medford, MA Real Estate Professionals