Cindy Gordon
Coldwell Banker Residential Brokerage | 774-249-4824 |

Posted by Cindy Gordon on 3/11/2018

Estimating the market value†of your home isn't a precise science. There are several factors that go into assessing the value of a home and the process is complicated by changes in the market that can sway home prices in either direction. Since homes are so expensive and are such a huge investment, the pragmatist and worrier in us all wants it to be a clear cut decision backed up by facts. Unfortunately, no two people will ever arrive at precisely the same†number for the value of a home. The good news is that you can use this ambiguity to your advantage when bargaining with prospective buyers. To learn more about the six main factors that determine a home's value, read on.


Homebuyers don't want to walk into what could be their new house and discover months of expensive repairs and upgrades waiting for them. Especially for busy, young professionals there is great appeal in a home that is move-in ready. If your home needs some work, it will knock off some digits from your asking price.


We would all love to say that having a home near the ocean or the mountains is our top priority. But, let's face it--having a place that is close to your work and that is in a good school district will probably take precedence over our daydreams. Location factors that add value to your home could include close proximity to schools, shopping, highways, and other amenities. However, if your home is far away from them or is in a neighborhood that appears run-down or dangerous you will find the value of your home decreasing. An easy way to get a ballpark figure for your home value is to look up the value of other comparable homes in your neighborhood.


Age is just a really expensive number. For some, buying an old home is a dream they've always had. Old homes have character and offer challenges when it comes to DIY repairs and renovations. For others, an old home means more headaches and more expensive utilities if it's drafty or outdated.


Curb appeal is important, but once your prospective buyers are inside you'll have to keep them around with great, convenient household features. Lots of storage space, updated kitchens with new appliances, finished basements, or a beautiful backyard with a view can all add thousands to a home value.


Square-footage is important to many homebuyers.†In spite of the current trends around minimalism and being eco-friendly, the numbers show that Americans are buying increasingly larger homes and vehicles.


You've probably heard the terms "buyer's market" and "seller's market" thrown around in conversations about real estate. They are essentially descriptions of the supply and demand of homes. Many buyers with few homes means you're in a seller's market, whereas a surplus of vacant homes and few prospective buyers means it's a buyer's market. This is closely tied to location,†different cities and suburbs experience different rates of growth and decline depending on the local economy.

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Categories: Real estate   Home   home value  

Posted by Cindy Gordon on 11/19/2017

Dealing with a lot of stress as you try to sell your house? You're not alone. Fortunately, there are many great ways to minimize stress during the home selling process, including: 1. Prepare Before You List Your Home on the Real Estate Market A diligent home seller will prepare for the best and worst case scenarios, ensuring he or she is ready to deal with any challenges that may arise. For instance, you should conduct extensive research before you list your house on the real estate market. By doing so, you can determine a fair price for your residence and may be able to reduce the need for potentially stressful negotiations with prospective homebuyers. Don't forget to get your home appraised, too. A home appraisal will enable you to find out what your home is worth and discover ways to boost the value of your house as well. 2. Try to Focus on the Positives Unfortunately, when it comes to selling your home, it's often easy to see lots of negatives. From homebuyers who seemingly demand the world from you to the stress associated with keeping your home pristine in the event that you need to host a home showing on short notice, these negatives can add up quickly. And as such, they can cause a tremendous amount of stress. As a home seller, it's important to focus on the positives of your day-to-day life and use these positives to outweigh the negatives frequently associated with selling a home. Whether it's spending time with family members and friends or simply going for a walk on your own, there are many stress-relieving activities that you can enjoy any time you choose. Try to find stress-relieving activities that make you smile, and you should have no trouble maintaining a positive outlook as you try to sell your residence. 3. Work with a Dependable Real Estate Professional Why should you leave your home sale to chance? Instead, work with a reliable real estate agent, and you can minimize stress throughout the home selling process. Many real estate agents are available, and you should try to find one who will collaborate with you during every stage of the home selling journey. Ideally, the perfect real estate agent will possess extensive industry knowledge that makes him or her qualified to sell your residence. You also should strive to find a real estate professional who understands your wants and needs and will stand by your side in both good times and bad. Perhaps most important, your real estate agent should be ready to answer any concerns or questions that you may have at any time. Thus, this professional will be able to help you relieve stress and streamline the process of selling your house. There's no reason to let stress get the best of you as you try to generate interest in your home. But with the aforementioned tips, you'll be able to alleviate stress throughout the home selling process.

Posted by Cindy Gordon on 11/5/2017

The corner lot is a prized piece of real estate. Is living on the corner really all that it is said to be? The truth is that there are both pros and cons to buying the corner lot. Breaking down the pros and cons of the corner lot can help you to make an informed decision on your home purchase. The Upside Thereís so many advantages to living on the corner lot. Living on the corner lot feels like youíre living on more space. Corner lots also enable you to have a garage on the side of the home, because you have roads on both the front and the side of the home. Wrap-around porches are a reality on corner lots due to their design. The ultimate privacy is also available on the corner lot, since you only have one neighbor on one side of the house. These are definitely pros for people who are looking for privacy. This gives your family flexibility to use both the front and the side yard with ease. Thereís so many things you can do with the extra space on the larger side yard like put up a basketball hoop, plant a garden, or set up a volleyball game. The possibilities are endless. The Downside There are some downsides to living on the corner lot. First, thereís a lot more to landscape. With more yard, this only stands to reason. You want your yard to look even and flow beautifully with the way itís landscaped, so thereís a bit more work to be done in this area. This landscaping work includes trimming, mowing, irrigating and maintaining. Your garage or driveway will also be affected by owning the corner lot. Since it may be set back more from the street, entering and exiting your driveway will be challenging in some cases. You also need to be mindful that your car isnít edged out into the sidewalk or the road when it is parked. Another downside to the corner lot is that itís often more expensive since itís usually a more versatile piece of land. While privacy is a plus on the corner lot when it comes to neighbors, privacy could be a negative for these homes depending on the location. Noise and privacy concerns are a must consider when it comes to homes in certain locations because the amount of traffic (whether by vehicle or by foot) can cause some disturbances to you and your family. To remedy this problem, you may consider installing fencing or other landscape buffers. These privacy concerns may not be as much of an issue depending upon the design of the home. If you consider where the entrances to the home are as well as the location of the garage, the house could be perfect for your needs. No matter where you choose to live, pay special attention to the lot surrounding the home before you decide to buy. Itís important to choose to live in a place where youíll feel comfortable and happy.

Posted by Cindy Gordon on 1/10/2016

Buying a home can be a scary and confusing process. It is easy to get confused by all of the homes, locations, and what is truly important to you when buying a home. First you will want to determine what you can afford. To do that you will want to get preapproved. That means a bank; mortgage broker or credit union will determine how much of loan you qualify for based on your income, debt and credit score. They will give a pre-approval letter stating how much you can afford. Now it is time to pick a real estate professional to help you find the right home, negotiate on your behalf and help you navigate through the process. It is important that you choose an agent that is reputable; you have interviewed to find a good fit and is willing to listen to your needs. Many buyers often confuse their needs with their wants. Making a list of what you actually need and what you want or your wish list is very helpful when looking for a home. Buying a home is typically a process of elimination. Many home buyers often dismiss homes that perfectly fit their needs in search for one that has their wants. This doesnít mean you can have your wish list, but home buying is more often defined by your budget than wish lists. To help with this process it is typically helpful to make a list of needs and wants.

Examples of NEEDS Examples of WANTS
Reasonable square footage for comfortable living Paint, carpet, counter tops, accessories.
Bedrooms to accommodate your family Pool or Jacuzzi (unless for medical reasons)
Adequate number of bathrooms Wood floors
Eat-in kitchen Bay windows, skylights
Garage or basement for storage needs Entertainment centers,† moldings, decks and patios
Lot size to accommodate children's play area Upgraded lighting fixtures
Adaptation for Handicapped View
Proximity to a specific school
Single floor living for health reasons
Each individual will have a different list of needs and wants. Your own list will help you evaluate homes as you go through the process. Sharing this list with your real estate professional will also help narrow down your search. The goal is to find a house that includes all of your needs and meets as many of your wants as is practical in your budget.

Posted by Cindy Gordon on 11/8/2015

Before you decide to buy a house, it is crucial that you consider various factors beforehand. Some of these factors can be as straightforward as making sure to choose a home in a good area, and making certain that the property is also in good condition. However, it is also important to consider the housing market, because it is imperative that you buy a house at the right time. For example, if you are in a market where there is a huge demand for homes for sale, then the prices of houses will generally be high, and so if you are buying a house for investment purposes, this wouldn't be the right time for you to make that purchase. With the market starting to creep back up buyers will be looking to get a good deal before demand goes back up so selling a home right now can bring great results.

On the other hand, if there is less demand for buying houses, then the price of property will generally be very low, thus making it the perfect time to buy. Right now is a fantastic time to buy a home with the slower market interest rates at the lowest in years. Buying a home in a down market can become a great investment down the road. You can consider it like a savings account. Buy the property in a down market, and watch your money grow.