I am honored to have been interviewed by the Westfield News last week for feature story on the state of real estate in Western Massachusetts. I really appreciate the opportunity to share my opinion on Western MA real estate, especially first time home sales.
Home Buying
On Foreclosure, Short Sales and First Time Buyers in Western MA
The economy is creating a strange situation. On the one hand, people are in tight spaces and are being forced to face reality and leave their homes via distressed sales like a Short Sale or Foreclosure.
On the other hand, home prices in Western Massachusetts have hit what many consider the bottom and interest rates are the lowest we are likely to to see in our lifetime. This creates a great buying environment, especially for investors and first time buyers.
Here are some interesting facts that were brought up at the Massachusetts Association of REALTORS state conference earlier this fall…
– They just raised the “Right to Cure” in Massachusetts…. It’s a minimum of 150 days before and bank/lender can start foreclosure proceedings… (This is due to the volume of foreclosures)
– 1 out of every 3 properties in Massachusetts are distressed…
– 34% of all sales (2010) were first time home buyers…
– 13% of all sales are short sales …
– 27% of all sales are foreclosed properties.
– 22% of all sales are investment properties.
– 35% of all sales are cash sales.
If you are a homeowner in Western MA that needs help with a distressed sale, I have the experience it takes to get your home sold and help you move on with your life.
If you are a home buyer in Western MA, I can help you to find the best opportunity for you no matter if you are a first time buyer, investment buyer or move up buyer.
Contact me, Lesley Lambert of Park Square Realty at 413-575-3611 or use the contact me button to the left of this post.
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- Foreclosure Properties for sale in Westfield, MA 01085 (westernmahomes.net)
- Why NOW is the right time to sell your Western MA Home (westernmahomes.net)
- FREE Short Sale Seminar in Western MA (westernmahomes.net)
Western Massachusetts Winter Homeowner Maintenance Guide
Fall & Winter Seasonal Maintenance Guide — Northeast
From HouseLogic By: Karin Beuerlein
If you live in the Northeast, here are maintenance jobs you should complete every fall and winter to prevent costly repairs and keep your home in top condition.
As cold weather approaches in the Northeast, it’s important to prepare your home for freezing temperatures, ice, and snow, says Steve Gladstone of Stonehollow Home Inspections in Stamford, Conn.
Key maintenance tasks to perform
• Clean your gutters. Leaving debris in your gutters is an invitation for trouble. Not only can it freeze and damage the gutters themselves, but it also can force freezing water up under your shingles and damage the roof. Gladstone says that many homes in the Northeast now have covered gutter systems, which fools many homeowners into thinking gutter cleaning is unnecessary. “Gutter covers keep leaves out,” he says, “but not fine organic material or grit from the roof.” It’s important to remove the covers and clean just as you would regular gutters.
• Clean and put away lawn and garden equipment. Do a visual inspection of the yard to identify anything lying around — garden tools, hoses and nozzles, patio furniture and accessories — that might be damaged by snow and ice and should be brought in for the winter.
Run your lawn mower until the gas tank is empty; if you leave gas in the tank over the winter, it can degrade and lose some of its combustion ability. Worse, gas can react with the air in the tank and oxidize, forming deposits that affect the machine’s performance; worse still, moisture can condense inside the tank and cause rust that blocks the fuel lines.
If you know you’re going to leave gas in the tank over the winter, add a stabilizer to the last gallon you put in (mix it in the gas can, not the mower tank, so that you get the mixing ratio correct).
• Disconnect hoses and winterize lawn irrigation systems. Leaving water in any exterior hoses or pipes can cause them to freeze and burst. If your exterior faucets aren’t self-draining, be sure to turn off the water manually at the shutoff valve inside the house so water doesn’t stand in the wall pipes.
If you have a lawn irrigation system, it’s important to make sure all the water has drained from the system before the first freeze. Depending on the type of system you’ve installed, this may require the assistance of a professional. A pro charges $50 to $150 to winterize an irrigation system.
• Schedule a furnace tune-up. Follow your HVAC professional as he works and ask questions about what he’s doing, says Gladstone. The technician should be working his way through a checklist of items such as inspecting filters, checking the chimney exhaust, and examining the blower and fuel connections. Expect to pay $50 to $100 for a furnace tune-up.
• Replace wicks and air filters in your humidifier. If you use a portable humidifier in winter to mitigate the drying effects of heating, start the season with fresh wicks—the small filters that absorb moisture from the reservoir; a fan directed at the wick dispenses the moisture into the air. Also check air filters, if your unit contains them (consult your owner’s manual). Replace wicks again in two to three months for a cost of about $15. It’s an absolute must to clean the humidifier every few weeks during winter to keep it free of mold, bacteria, and mineral deposits. Follow your manufacturer’s instructions.
However, Gladstone points out that “most homes are too wet.” Humidifiers may contribute to excess moisture that encourages the growth of mold and mildew. Use a humidifier only if necessary, and choose a single-room model so that you can check easily to see if the unit needs cleaning.
• Protect your air conditioning unit. If your outdoor air conditioning unit is located under trees or under the drip line of the house where icicles and snow may fall, give it a little protection by placing a sheet of plywood over the top and draping a dropcloth over it. However, don’t create a fully enclosed space, as that can trap moisture and offer winter protection for rodents.
• Close your storm windows. It’s a simple step, but an easy one to forget. Make sure the windows are shut properly so that the outer pane is up and the inner pane is down; this keeps rain and other forms of precipitation out.
• Insulate pull-down staircases for attics. The openings that accommodate pull-down staircases can cause significant heat loss during winter. You can purchase an insulated cover for the opening, or for about $30 you can make a foam box yourself with duct tape, weatherstripping, and a piece of 2-inch-thick polystyrene foam; 2-inch foam has an insulating value of about R-10. “This simple step will pay for itself many times over,” Gladstone says.
Spending a weekend or two on maintenance can prevent costly repairs and alert you to developing problems. Visit the links listed below for more detailed information on completing tasks or repairs yourself.
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- FREE Short Sale Seminar in Western MA (westernmahomes.net)
Halloween Open House Tour in Western MA
Join myself and other agents at Park Square Realty on Sunday, October 20th for a festive tour of homes.
Here are the rules :Who ever goes to the most open houses wins. Follow the tour any WITCH way and receive apples and treats along the way. The person who goes to the most opens will win a Gift Certificate.
I will be hosting an open house at 555 Russell Road, B7, Westfield, MA. This condominium has just been completely renovated and looks like the pages of a magazine.
The tour includes the following properties:
- 249 Rock Valley Rd Holyoke 12:00-2:00
- 59 Maynard St Agawam –2:15-3:45
- 270 South Westfield St Feeding Hills 11:30-1:00
- 1810 Main St Agawam 1:30-3:00
- 69 Crane Ave Westfield-12:00-1:30
- 56 Zephyr Westfield 12:00-1:30
- 43 Pochassic St Westfield 11:30-1:00
- 16 Oakdale Ave Westfield 1:15-2:30
- 555 Russell Rd # B7 Westfield 11:00-12:00
- 54 Western Ave Westfield 1:30-3:00
- 31 Crown St Westfield 11:30-1:00
- 1503 E. Mountain Westfield 1:30-3:00
- 20 Eastview Dr Westfield 12:30-2:00
- 104 Pine St Westfield 1:00-2:30
Working with a professional REALTOR at Park Square Realty, like me, will take the nightmare out of buying and selling and ensure there are no spooky surprises !
I hope to see you this Sunday at 555 Russell Road, B7, Westfield from 11-12!
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Antique Homes for Sale in Western MA and Beyond
I am a huge fan of historical and antique homes in Western Massachusetts and beyond. I love visiting them, driving by them and representing them as a REALTOR.
On the latest edition of TREW (The Real Estate Wrapup) my co-host, Nick, and I discuss antique and historic homes. The first segment was about two very different historic homes for sale. One for $2 and the other for over four million dollars!
We went on to talk about the need for specialized marketing when selling an antique or historic home. We both agreed that the advertising should tell the story of this home, not just the square footage and other normal details.
Financing can also be an issue with buying and selling a historic home in Western MA or anywhere. We discussed some options that potential antique homebuyers might not have considered, but should.
Are you interested in historic and antique property, too? Be sure to watch The Antique Home Edition of the TREW Show.
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