In Massachusetts, and our Wellesley & Metrowest Boston area, the housing market had a banner year in 2013.  Home sales and prices hit numbers that haven't been seen in a while...But what does that mean for 2014?   Experts agree that 2014 will be a year that sees continued growth and stabilization in the housing market, with home prices rising, greater activity among underwater homeowners, and fewer foreclosures.

What is important to note is that to buy a home in the 2014 marketplace, you will need incredible credit or have the ability to put together a cash offer.  In November of 2013, the average FICO score for conventional home loans was 756, while the average score for denied applications was 729.  Don't expect the credit standards to loosen up anytime soon, with the new regulations from Dodd-Frank, lenders will be closely monitored to prevent risky products from entering the marketplace.

Still, even Warren Buffett is smiling about the state of the housing market, and knows the numbers will continue to climb- offering many individuals the opportunity to own a home.  What does that mean for the Wellesley & Metrowest area?  Sticking with the 3 elements to home ownership;

1- Fixed Mortgage

2- Affordable Payments

3- Long-term Hold

​If you are looking to buy or sell in the Wellesley MA & Metrowest Boston area....NOW IS THE TIME TO ENTER THE MARKET!  Know what you want, do the research on the home and area you desire, and put together a plan and budget of how you will achieve your goal.

Team Lynch has the knowledge, technology and Real Estate Experience to bring together your dream home...and YOU.  Give us a call today to develop your personal marketing or sales plan.

No doubt about it.....we're having a white Christmas!! It is so beautiful to look outside and see all the sparkling snow tipped trees and children playing outside.  Christmas is such a magical, joyous and blessed time, and we cherish the moments we can spend with all our family, friends, coworkers and neighbors.  After all, that's what Christmas is about....it's the people, not the presents, that make life worth living.

As 2014 comes to an end, We want to thank all of you for your faith and trust in Team Lynch Real Estate to handle all your Wellesley & Metrowest Real Estate Needs!

We've lived here all our lives and cherish the lives we lead in Wellesley and the local area.  We are blessed to have an incredible town to call home;  the natural beauty and all the wonderful people we live and work with everyday.  Building our families and businesses in Wellesley and the Metrowest area  strengthens our town, and local economy....and continues to bring new families to join our fantastic area.

We are  looking forward to 2014 and all the possibilities it will bring for everyone, and wish you and your families an abundance of Christmas Blessings and a Happy, Healthy & Prosperous New Year!

Team Lynch

"Your 200% Solution for Wellesley & Metrowest Real Estate"

Home Warranties are a service contract to complete future repairs/ or replacement on household appliances and systems. The interest in Home Warranties seem to go in cycles, but bottom line- they do help both the seller and buyer. Once misconception about Home Warranties is that they are only available for "single family" homes. Untrue- they can also be purchased to protect appliances and systems in condo's, townhomes, vacation homes, multi-family homes and rental properties.

What do Home Warranties typically cover? Most policies cover the cost to repair/ or replace the following:

*Furnaces

* Air Conditioning Systems

* Plumbing & Electrical Systems

* Dishwashers

* Ovens

* Garbage Disposals

* Refrigerators

* Water Heaters

and so much more.

Because these items are not typically covered in a Homeowners Insurance Policy, the cost to repair/replace even one item, more than pays for the cost of the warranty itself.  And having one in place gives your buyer an added level of protection and comfort knowing that if something should go wrong with any of these....that it will be covered.  This is another enhancement to the Homeowners Insurance Policies.

If you're a seller, you should know that research from the National Home Warranty Association estimates that, on average, listings with home warranties sell 50% faster than homes without warranties. And Business Week Magazine indicated that homes with home warranties sell at a premium of 3% in higher price.

Even better...these claims are extremely easy to use! Here are the simple steps you would take to file a claim:

* When a covered appliance or system fails, the home owner calls the Home Warranty company.

* The Home Warranty company then confirms that the failure is on a covered system or appliance.

* If the system is eligible, the home warranty company selects a pre-screened service provider from its roster and asks them to make an appointment with the homeowner.

* When the service provider arrives at the home they will diagnose the problem and call the Warranty company who will then authorize the claim.

* The homeowner usually pays a service fee to the contractor, and the Home Warranty company pays for the balance of the repair.

​For more information on Home Warranties or any of your Real Estate questions or needs, give us a call and we'll be happy to assist you!