Bob Falter, CRS, GRI - Exit Real Estate Executives | 508-612-1649 | BobFalter@gmail.com


Posted by Bob Falter, CRS, GRI on 2/14/2018

When youíre searching for a home to buy, youíll probably attend many different open houses. The open house is meant to help you get a feel for different properties. While you canít get to know all the ins and outs of a home in a short time, you can get an understanding of some of the best things (and not so great things) about a property. Below, youíll find some of the biggest warning signs that a property may not be all that it appears to be. 


Thereís A Lot Of Odor Masking Elements In Place


When you walk into an open house, you may get the smell of freshly baked cookies or a lovely candle. While these are great marketing techniques, they also can be a tactic to hide things. Perhaps there are some offensive odors in the house from mold, leaks, smoke, or mildew. You may not be prepared to deal with these kinds of problems once you move into a home. 


You Notice Glaring Issues


While the home inspection will reveal many problems that may be invisible to the casual observer, you should still be on the lookout for issues on the surface of the home during the open house. These issues can include cracks in the ceiling or walls, cracks in the floor, or even squeaky floor boards. If you happen to see patchy walls in the home, that could indicate that repairs have been made several times. Be alert for these potential problems.


Does The Home Look Well-Kept?


When you pull up in front of the home is the lawn trim? Does the home appear clean? While everyone would hope that a homeowner would clean up their property before an open house, small and big things like this can indicate a bigger problem. If the home is not cared for on the surface, how many other underlying maintenance issues are there in the home? Neglected regular maintenance can cause larger problems of all kinds in a home.


Strange Cosmetic Fixes


A freshly painted wall could be suspect of a big problem. Under the paint could be mold, cracks, or other issues. Some homeowners do put fresh paint on their walls before selling in order to give the home a neutral feel. However, you should be on the lookout for other signs of problems in the home.          


Channel Your Inner Detective


While you donít need to dig as deep into a home as a home inspector does, you should be on the lookout as you scan a home for the potential livability for you. Things like glaring cracks in the ceiling, or a strong odor of cigarette smoke could be signs of future problems living in the home. The open house is your time to find a home that fits you and your life, so make the most of the opportunity.  





Posted by Bob Falter, CRS, GRI on 12/20/2017

Looking to buy a house? Ultimately, you'll want to attend at least a few open houses in your city or town. By doing so, you'll be able to understand exactly what you'd like to find in your dream house.

Before you attend an open house, there are several factors to consider, and these include:

1. Your Homebuying Budget

With a budget in hand, you can narrow your search for the ideal home. That way, you can avoid the temptation to attend open houses for residences that fall outside your price range.

To establish a homebuying budget, take a look at your current financial situation. Then, consider your future expenses like those related to student loans or children and plan accordingly.

In addition, it never hurts to get pre-approved for a home loan. If you gain pre-approval, you can enter the housing market with a budget in hand and review a broad array of houses that match your budget.

2. Your Homebuying Checklist

If you're living to a warm-weather climate, you may want to own a home with a swimming pool. Or, if you plan to reside near the ocean, you may consider houses where you can dock your boat nearby.

Create a homebuying checklist before you visit open houses. This will allow you to streamline your home search and accelerate the homebuying journey.

Also, it may help to separate your homebuying checklist into "wants" and "must-haves." Although your dream house may not include all of your homebuying checklist "wants," you can use these categories to determine exactly what you'd like to find in your ideal residence.

3. Your Homebuying Timeline

Are you planning to move next week or in the next several weeks? Some homebuying journeys are faster than others, and you'll want to map out your property buying journey based on when you need to move.

For example, if you've accepted a new job in the city, you may need to move quickly to relocate. This may require you to act so you can get settled in a new home before you begin your new job.

Comparatively, if you're in no rush to relocate, you can take a wait-and-see approach to the housing market. And if you attend an open house and like what you see, then you can submit an offer to acquire a residence.

If you're unsure about how to approach open houses, there is no need to worry. In fact, many real estate agents are available in cities and towns nationwide to assist homebuyers.

A real estate agent can offer expert insights into a home before a homebuyer attends an open house. Plus, this housing market professional can provide honest, unbiased homebuying recommendations and will even negotiate with a home seller on a buyer's behalf.

Get ready for an open house Ė consider the aforementioned factors, and a homebuyer should have no trouble exploring a broad array of residences and finding one that he or she can enjoy for years to come.




Tags: buyer tips   Open House  
Categories: Buying a Home   Open House  


Posted by Bob Falter, CRS, GRI on 12/4/2017


25 S Main St, Millbury, MA 01527

Multi-Family

$314,900
Price

4
Units
3,408
Approx. GLA
Spacious well maintained fully rented four unit dwelling. All apartments include 1-2 bedrooms and one full bath, kitchen with refrigerator, gas stove and combo dining/living room area with built-ins. Electric washers and dryers are in each unit.. Property offers assigned off street parking for 2 cars. Owners have allowed pets with restrictions and has implemented a "no smoking" policy. Owners have also been proactive in requiring renters insurance and Veterinarian information and proof of pet records. Close to shopping, Rtes 20 and 146.
Open House
Saturday
December 09 at 11:00 AM to 1:00 PM
GROUP SHOWING: Investors Take Notice!! Spacious well maintained fully rented four unit dwelling. All apartments include 1-2 bedrooms and one full bath, kitchen with refrigerator, gas stove and combo dining/living room area with built-ins. Electric washers and dryers are in each unit.. Property offers assigned off street parking for 2 cars. Owners have allowed pets with restrictions and has implemented a "no smoking" policy. Shared Driveway Easement.
Cannot make the Open Houses?
Location: 25 S Main St, Millbury, MA 01527    Get Directions






Categories: Open House  


Posted by Bob Falter, CRS, GRI on 6/14/2017

Open houses are essential for selling your home. They give buyers the opportunity to tour your home and visualize them living there. But an open house can also have a negative affect on buyers if the proper steps arenít taken in advance. Letís take a look at the tips below to help ensure a successful open house. Clean & Organize: It is very important to clean and organize your home before your open house. A clean home gives the buyers an opportunity to see the home for what it is, and not all of your stuff and clutter. While touring your home, it will give the buyers the opportunity to visualize themselves living in the home and how they would set up each room. Clutter makes it difficult to do this as it makes rooms look smaller and covers up the true potential. Remove Personality: Itís best to remove your personality from your home when selling, and especially before an open house. You can always add your things back in after the open house. Things like pictures and picture frames, your childrenís drawings on the refrigerator, other personal belongings, and so on. Removing your personality and creating a neutral home will better allow for buyers to visualize themselves living there and making it their own. Photos & Video: Since online research is often the first step one takes in the home buying process, the photos and video of your home will be the first impression that a buyer has. And you want to make that the best first impression possible. Having amazing photos of your home and posting them with your listing and online will likely attract more interest and therefore attracting more buyers to your open house. Photos that are not so great may make even the most amazing home seem drab and not worth the travel to the open house. The photos you place online could make or break a homebuyers interest and desire to see more. Social Media: Utilizing social media is the best way to get the word out about your home being on the market and your upcoming open house. Realtors and agents are already using it, but you should also be taking advantage of it. Sharing or creating posts of your online listing and asking your friends to share will only benefit you. Youíd be surprised how many will comment on posts to tag their friends and family. It may bring more buyers and in turn speed up the sale of your home. Follow these tips for the most successful open house possible. Itís important to be mindful of the market and your home when determining what successful means, but what is important is an offer or multiple offers if youíre lucky. So spruce up your home and follow these tips and you should be on your way to placing a sold sign in front of your home in no time.





Posted by Bob Falter, CRS, GRI on 5/18/2016

You have decided to sell. But before you put the sign in the yard there are some things you will want to make sure you have done. Time spent doing research and setting the right price will most likely yield you a better return in the end. A home is only worth what a buyer is willing to pay for it. Track your neighborhood values Find out what homes similar to yours are selling for in your neighborhood so you will have a good idea what your home is worth. Buyer or seller market You need to judge whether it's a sellers' market or a buyers' market in your neighborhood. Remember that all real estate is local. You will want to research things like†interest rates, home inventory, job forecasts, and even time of year. Research inventory How many homes are for sale? If you live in a desirable neighborhood and there aren't many homes for sale, you will have a clear edge here. However, if you see lots of homes on the market and they're not selling very quickly, you might have to reduce the price you had in mind. Know the average days on the market Review the homes in your neighborhood and their days on market sometimes referred to as DOM.†Look at trends for the past year and assess whether homes were appreciating or depreciating. Monitor the job market Is a big company relocating workers to your area? Or are they moving out and shutting the doors? The job market has a lot to do with the real estate market. Attend nearby open houses Observe how other properties are showing and compare them to your home. At an open house you can often feel the "mood" of potential buyers. Get a professional opinion A real estate professional will be able to help you gather all of the above information and come up with a CMA or comparable market analysis to determine the best price range for you home.