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Wellesley & Metrowest Boston MA 5 Reasons You Need to Buy A Home NOW!

by Team Lynch Real Estate Consultants

Wellesley & Metrowest Boston....Should You Rent Your Home If It Doesn't Sell?

by Team Lynch Real Estate Consultants

This week I'm going to tackle the age old question.....should I rent my home out, if it doesn't sell?  A recent study did show that 39% of sellers prefer to rent out their last residence than sell it when purchasing a new home. With many homeowners refinancing at a low rate, and the housing market struggling with low inventory, the amount you could charge for rentals has gone up. 

                                           

If you are a residential real estate investor, than this tactic makes sense.  However, if you really don't want to become a landlord and are only looking at it as a way to purchase your new home, while covering the mortgage on the original home...then you need to ask yourself these questions:

 1.)  How will you respond if your tenant says they can't afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses).

2.) Because of the economy, many homeowners can no longer make their mortgage payment. What percent of tenants do you think can no longer afford to pay their rent?

3.) Have you interviewed a few experienced eviction attorneys in case a challenge does arise?

4.) Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home?

5.) Will you allow pets? Cats? Dogs? How big a dog?

6.) How will you actually collect the rent? By mail? In person?

7.) Repairs are part of being a landlord. Who will take tenant calls when necessary repairs arise?

8.) Do you have a list of crafts people readily available to handle these repairs?

9.) How often will you do a physical inspection of the property?

10.) Will you alert your current neighbors that you are renting the house?

Once you have answered these questions, you will be in a good position to decide what is best for you and your family.  

(Information courtesy of KCMBLOG)

Selling your Wellesley & Metrowest Boston Home in the Winter

by Team Lynch Real Estate Consultants

How To Throw A Great Super Bowl Party!

by Team Lynch Real Estate Consultants

Although the Super Bowl is not going to be as much fun this year, with our beloved New England Patriots out of contention, we are still going to "whoop it up" and have a great time.  Like always, we are going to decorate, and make lots of great food....but we are also adding a great dimension by having our own TEAM LYNCH SUPER BOWL PARTY CONTEST!  What does that entail, you ask?  Not a whole lot, we came up with the set of questions below to have all our family, friends and acquaintances answer and post their answers to our Facebook Page by Saturday, February 1 at 5:00 pm. Make sure to LIKE US ON FACEBOOK when you're there!

                                     We challenge all of you to have the most correct answers!

                                                

THE QUESTIONS:

1.Which team will win, and what will be the final score of game?

2. Who will be the Super Bowl MVP?

3. Who will be ahead at half time, and what will the score be?

4. Which Team will have the most rushing yards? How many?

5. Which QB will throw the most touchdown passes, and how many will he throw?

                                               

THE FOOD:

We all have our favorite party foods, but let's face it....if you serve this....you'll go down in Super Bowl Food history!!  Add in a few other appetizers, sweets and a fabulous, signature Super Bowl cocktail, and you'll be on your way to having the Best Super Bowl party ever!!

   

THE DECORATIONS:

Let's face it...you've got a ton of choices here, so we went with some of the basics.  But get creative, and have some fun!

 

What are your predictions for the game???

 

 

 

The Spring Housing Market Starts NOW in Wellesley & Metrowest Boston MA

by Team Lynch Real Estate Consultants

If you are thinking of buying or selling  a home in Wellesley & Metrowest Boston CT your best opportunity could be right now... in January!  Yes, it is cold outside, and rainy, but mortgage interest rates are most likely at their lowest levels for 2014.

The interest rate on a 30 year mortgage, if you were to obtain your loan today, is 4.51%...but predictions show the rates rising by year-end to the 5.75% level.  It is even better for the 15-year mortgage as it is at 3.56% today.  Getting into the housing market early this year is going to make all the difference in the world when it comes to costs. Rates like this make it feasible for Wellesley & Metrowest home buyers and refinancing homeowners, to eventually live mortgage free!

However, with the Fed announcing the pull back of the stimulus packages of the past year, the rates will start climbing soon.  In addition to mortgages and rates, inventory of homes will be a key component in buyers being able to obtain their desired residence.  At present, the Wellesley & Metrowest housing inventory is somewhat low...So homeowners thinking of putting their home on the market, will want to do so now.  This way they are guaranteed more of a "sellers market" and a better chance at getting the asking price of their home. Buyer demand and limited inventory does drive up prices...and the peak selling season is NOW!

Take a look at the most recent Wellesley MA Market Update below:

For more information about the wonderful Wellesley & Metrowest homes for sale, or to learn about our unique Team Marketing & Selling plans, give us a call!  Our knowledge and experience in the Wellesley area marketplace combined with our client satisfaction program will give you the confidence that Team Lynch Real Estate is the only place to call  for all your real estate needs.  Let Team Lynch be your guide to all Wellelsey & Metrowest Real Estate.

 

Displaying blog entries 1-5 of 5

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