RE/MAX On the River, Inc.



Posted by North Shore Real Estate Home Team on 8/4/2020

The number one factor that affects the length of time a house remains on the market is curb appeal. That's the consensus of real estate professionals across the country, and was documented in a recent study by a well-known real estate website.

So if it's such a high priority, then why do a lot of homeowners skimp on that aspect of preparing their home for a fast sale? Sometimes it's a lack of awareness; other times it may be a lack of money. In extreme cases, it can be quite pricey to transform a home from "shabby" to "exquisite!" That's an unusual scenario, though, and in most cases the cost of enhancing your home's curb appeal should be both affordable and cost effective.

Where to Begin

The ideal visual (and visceral) effect you want to achieve can be summed up in ten words: fresh, well cared for, aesthetically pleasing, manicured, meticulous, updated, and clean. Perhaps a more concise way to describe the image you want to project to potential buyers is "pride of ownership." Once you're conveying that impression, people are going to make positive assumptions about the value and condition of your home. While it's not necessary that the front of your property and home look perfect in every imaginable way, it is important to pay attention to small details and overall impressions.

Some homeowners will see this goal as an overwhelming challenge, but it doesn't have to be. The first hurdle is to take care of the basics, such as making sure your lawn always looks freshly mowed and that there's no signs of peeling or faded paint on your home and garage. Pulling weeds, placing a few colorful hanging flower baskets in strategic locations, and trimming overgrown bushes and trees are also effective ways to make your property look more desirable.

An advantage of working with a seasoned real estate agent is that they can quickly size up the outside appearance of your home, and make cost-effective suggestions of ways to improve curb appeal and increase the attractiveness of your property. When it comes to selling your house in the shortest period of time, first impressions are vitally important.

One helpful tactic for getting your house noticed by house hunters and real estate agents is to take a walk (or drive) in your neighborhood to see how your curb appeal stacks up to other homes for sale in the area. Ideally, you want your home to look at least as good, if not better, than other nearby properties. Since potential buyers may be focusing their search on specific neighborhoods, such as yours, you'll be giving yourself more of an "inside track" in the real estate market by making sure your home compares favorably to others in the immediate area -- both inside and out.





Posted by North Shore Real Estate Home Team on 8/3/2020

Why not vacation where you live? Sunny one bedroom condo PLUS den located at the highly desirable Ironwood Complex. Located in Building 36 which has all the amenities. Fully applianced kitchen has granite counters with breakfast nook. Washer/dryer located in the pantry off the kitchen. The spacious living room/dining room has enough space for your dining table along with sizable living room with sliders to the outside patio. Large master bedroom with roomy closet includes access to the patio as well, the perfect spot for your morning coffee. Complete the picture in your den which can be used as a private office or extra guest room. Underground key secure parking garage space PLUS another spot outside. Amenities include 2 exercise facilities, jacuzzi, function room, library. and an outdoor pool. Easy access to highway and shopping. Shown by appointment only. Condo Rules and Regs attached. Showings begin this Wednesday, June 24.

More Info on this Property | New Listing Alerts





Posted by North Shore Real Estate Home Team on 8/1/2020

INDULGE... The harbor views of this property give you an impression you are floating above water. Direct walking access to launch your kayak, or small power boat & enjoy the ocean bay. AND yet, it's not all about the view: 12 rooms, 6 bedrooms, a full walk out finished lower level (complete with second kitchen & 3/4 bath), 3 tiers of composite decks. The interior detail is extraordinary: coffered ceilings, crown moldings throughout, 3-sided gas fireplace, updated master suite bath, hardwood floors, tiled baths. Convenience: washer/dryer hook ups (3), central air, central vac, finished walk up third floor with two versatile rooms & full bath, attached two car heated garage with vinyl flooring & storage platform. Add'l parking for four vehicles. Expanded family, hobby, exercise floor plan options. Inviting and Comfortable - Somewhere you can breathe - a place you can exhale. An extraordinary property. One mile to Salem's historic landmarks, train station, and downtown Marblehead

More Info on this Property | New Listing Alerts




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Posted by North Shore Real Estate Home Team on 7/28/2020

Photo by Photo Mix via Pixabay

For many investors, purchasing a property to rent out just makes sense. But finding properties that'll help you meet your long-term goals can be tricky. Whether you're considering a turnkey property or a property to rehab and rent yourself, keeping these tips in mind will help you weed out low-performers while you're hunting for a solid investment.

Tip 1: Run the Numbers 

For experienced investors, this is probably a no-brainer. For beginners, it's a smart reminder. When you're seriously considering any property, you need a solid expectation of the expenses associated with the property:

  • How much your mortgage will cost 
  • How much you'll pay in property tax and insurance 
  • Fees charged by a property management firm, if applicable 
  • HOA fees, if applicable 
  • Vacancy and repair costs 

Compare those numbers with the amount you can expect to receive in rental income each month. Ideally, you'll receive more each month than you'll be spending on the property. In some cases, a property might be worth purchasing even if you aren't going to pocket money each month. That comes down to your long-term goals and the market where you live. 

Tip 2: Buy in A Market You Know 

Though sometimes the best markets are far from home, and we'll the last to discourage investors from looking outside their own county, it's vital to understand the area. Some examples: 

  • College alumni might choose to buy near their alma mater
  • Retired or active duty military might choose to buy an investment property near a military base
  • Nurses might purchase an investment property catering to short-term nurses near their hospital 

If you're able to land an investment property in an area that caters to your niche, you'll already have valuable insight and an "in" when it comes to renting it out and understanding the real estate market in the area. Use your insight to give you an edge. 

Tip 3: Consider a Small Multi-Unit Property 

By purchasing a duplex, triplex, or quad you can live in, you can take advantage of an FHA mortgage--with its low down payment and interest rates--and secure a primary residence as well as a rental property (or two, or three). Although this type of investment can require more hassle, more tenant screenings, and more time in managing tenants and repairs, it can be a solid place to begin an investment portfolio. 




Tags: Investing   finance   Rentals  
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Posted by North Shore Real Estate Home Team on 7/21/2020

Let's face it most homebuyers have limited time and resources at their disposal. As such, it is crucial for buyers to do everything possible to optimize their time and resources throughout the property buying journey. Because if a buyer maximizes his or her time and resources, this individual can boost the likelihood of enjoying a successful homebuying experience.

Now, let's take a look at three tips to help a homebuyer get the most out of his or her time and resources.

1. Craft a Homebuying Strategy

If you know you want to buy a home, you should develop a property buying strategy. That way, you can map out the steps you'll need to take to find and acquire your dream residence.

A typical homebuying strategy should account for your budget, timeline and other property buying factors. If you analyze these factors, you could streamline your quest to discover your ideal house.

2. Narrow Your Home Search

You plan to buy a house as soon as possible, but you still have no idea where you want to reside. Fortunately, if you hone your house search to a few cities and towns, you may be able to quickly and effortlessly find a great home in an area you can enjoy for years to come.

As you get ready to start a home search, consider your long-term plans. For instance, if your ultimate goal is to work in a big city, you may want to focus on houses in or near major metros. Or, if you want to raise a family, you may want to search for residences near outstanding schools and parks.

In addition, perform lots of research into various cities and towns. If you conduct plenty of research, you can find out whether certain areas match or exceed your expectations and tailor your house search accordingly.

3. Collaborate with a Real Estate Agent

A real estate agent is a property buying expert who understands what it takes to find a terrific residence at a budget-friendly price. Thus, if you hire a real estate agent today, you can get the help you need to reap the benefits of a seamless home search.

Oftentimes, a real estate agent will meet with you, learn about your property buying goals and craft a personalized homebuying strategy. He or she also will respond to your homebuying concerns and questions throughout the property buying journey. By doing so, a real estate agent ensures you can receive expert support as you try to find your dream house.

A real estate agent will make it simple to search for houses that fall within your budget and correspond to your homebuying criteria too. Plus, if you want homebuying recommendations or suggestions, a real estate agent is happy to provide them.

Want to enjoy a fast, successful homebuying experience? Take advantage of the aforementioned tips, and you should have no trouble making the most of your time and resources as you search for your ideal house.




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