Russell Hulteen - Coldwell Banker Residential Brokerage



Posted by Russell Hulteen on 5/31/2016

THE STRESSES OF THE SPRING SELLING SEASON When most people think of spring, they think of chirping birds, blooming flowers, spring break and warmer days. In real estate however, we think of bidding wars, tough negotiations and making sure our clients are well represented in the purchase, and/or sale, of their most important financial asset. This spring is no different. The National Association of Realtors® reports that pending home sales have maintained their momentum by increasing for the second consecutive month and have reached their highest level in nearly a year. It's a solid start to the spring selling season which is expected to continue to climb upwards. Rising rents across most of the country are fueling buyer demand. In a recent Gallup survey renters are more worried about housing costs than homeowners at all income levels. When one purchases a property, they know that their costs will stay relatively stable and increase slightly overtime due to insurance and property tax adjustments. Renters, on the other-hand, face many market variables and drastic rate increases over a shorter period of time when compared to homeowners. Low mortgage rates, which are easing affordability crunches in some parts of the country, and a healthy labor market, are also enticing buyers to act right now. While demand is up, inventory remains stagnant, which only serve to drive-up prices, and strain the patience of homebuyers everywhere. There are several steps a buyer can take to ease the stress that naturally comes this time of year. Come prepared!

  1. Know your financial status and credit limitations. They will affect the terms of a mortgage, the interest rate you will pay and the types of mortgages you can qualify for.
  2. Get pre-approved for a loan. Being pre-approved gives you bargaining power that you'll need in this highly competitive environment. Plus, you'll know how much house you can afford before shopping.
  3. Have your list of must-haves in order. If you must have a walk-out basement, then walk away from that gorgeous 2 bedroom condo, even though it seems like a great deal. Think long-term as well. Are you planning to have a family in the next two years? Then you need to consider school location as well.
  4. Use a strong, full-time real estate agent that can react quickly and look out for your best interests at all times of the day. Ask for market status reports, similar to the ones here that provide inventory in the area, median price and more. I know how to use this information to your advantage, help you negotiate, keep you informed, and walk you through the entire purchasing process.
It's a stressful market out there, but it doesn't have to be. Align yourself with me and let me lead you through the process and minimize the stress for you.   Find Your County/Zip Below to See Your Market Report. Want a hyper-local, up-to-the-minute report specifically for your neighborhood or town? Just Call and Ask - it’s free!   617-901-6004 Massachusetts Boston - 02113-North End | Boston - 02115-Fenway | Boston - 02116-Back Back | Boston - 02118-South End | Boston - 02130-Jamaica Plain | Boston - 02210-Seaport | Boston - 02114-Beacon Hill 02108 | Boston - 02108 | Boston - 02129-Charlestown | Barnstable Bristol | Essex | Franklin | Hampden | Hampshire | Middlesex | Norfolk | Plymouth | Suffolk Worcester Maine Androscoggin | Cumberland | Kennebec | Lincoln | Sagadahoc | York New Hampshire Belknap | Carroll | Hillsborough | Merrimack | Rockingham | Strafford Rhode Island Bristol | Kent | Newport | Providence | Washington

Your “Boston to the Burbs” Expert

For a free estimate of your property’s value, call or email today!

Contact: 617.901.6004 | Russell@RussellHulteen.com





Posted by Russell Hulteen on 3/15/2016

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THIS SPRING IS A SELLER'S SEASON The start of the spring season is here and stories of bidding wars and limited time on market in the hottest areas are frequent occurrences. If you are thinking of putting your home on the market, your moment has arrived. If you are a homeowner who is ready to sell your property yet fearful of not finding another property to purchase, you do have some options available to you. Selling a home and buying a new one can be a difficult balancing act. In an ideal world, both transactions would occur simultaneously. The reality is, it doesn't always happen that way, but homeowners shouldn't be fearful of the process. If you find the home of your dreams, yet haven't sold your current property, there are several possibilities to consider. Home equity loans help finance the down payment of a new home until you sell the current one. Equity loans borrow from the current home's equity until the proceeds from its sale is obtained. Your financial advisor should be able to inform you if such options are feasible. A prior sale contingency included in the purchase contract on the new home is another option. The contingency provides the opportunity to withdraw from an offer if the current home does not sell by a certain date. If you do have the funds for a down payment, yet are fearful of holding two mortgages, ask me for a competitive market analysis that provides the average time on market, similar to the charts below. With properties selling as quickly as they are in some markets, a home equity loan, contingency, or fear of carrying multiple mortgages may be completely unnecessary. Historic low interest rates and rising rents are driving buyers who want to realize the dream of homeownership. With limited housing inventory, buyers are competing against one another for those properties that are priced well and are in good condition. To take advantage of what is gearing up to be an incredibly active spring market, contact me today. I can advise you on the sales process and provide you with information to help you make an informed decision. I am here to help you navigate and negotiate your way through a successful spring selling season.   Go To Your County/Zip Below to See their Market Reports. Want a hyper-local, up-to-the-minute report specifically for your neighborhood or town? just ask and it's free! 617-901-6004 Massachusetts Boston - 02113-North End | Boston - 02115-Fenway | Boston - 02116-Back Back | Boston - 02118-South End | Boston - 02130-Jamaica Plain | Boston - 02210-Seaport | Boston - 02114-Beacon Hill 02108 | Boston - 02108 | Boston - 02129-Charlestown | Barnstable Bristol | Essex | Franklin | Hampden | Hampshire | Middlesex | Norfolk | Plymouth | Suffolk Worcester Maine Androscoggin | Cumberland | Kennebec | Lincoln | Sagadahoc | York New Hampshire Belknap | Carroll | Hillsborough | Merrimack | Rockingham | Strafford Rhode Island Bristol | Kent | Newport | Providence | Washington

Your “Boston to the Burbs” Expert

Contact: 617.901.6004 | Russell@RussellHulteen.com





Posted by Russell Hulteen on 2/11/2016

Boston in the Spring YOU NEED TO START NOW! Happy Valentines Day! It may seem too early to prepare for the spring selling season now, but the reality is spring is just around the corner. Whether you're thinking of putting your home on the market or planning to buy a home, right now is really the prime time to start discussing your options. For home sellers in particular, there is much to prepare for and you will need help prioritizing and establishing your plan. A strategic sales and marketing plan is essential to engage active buyers. That plan should include an effective pricing strategy, home presentation suggestions, and a comprehensive approach to online marketing. A good agent will provide you with a competitive market analysis that includes a review of current inventory, recent comparable sales prices and other data to advise you. You can also look to the data on the Market Reports linked below to review current market conditions in your area. Your agent should direct you on how to prepare your home for maximum appeal and ensure your property is featured on the leading real estate websites and portals in the industry. Homebuyers have to do their homework as well and obtaining financing will be a major priority. With limited inventory on the market, those who come to the negotiating table with a strong pre-approval will have stronger bargaining power. I can walk you step-by-step through the home buying process, and help you identify homes for sale and in the right price range. I can also help you research the markets you are interested in, assist with tasks such as writing contracts, negotiating the asking price, and closing the purchase. I greatly look forward to the spring selling season and ensuring that all of my clients and customers have an effective plan in place to achieve their real estate goals. If you're thinking about buying or selling a home, now is the time to start. Find Your County/Zip Below to See their Market Reports: Massachusetts Boston - 02113-North End | Boston - 02115-Fenway | Boston - 02116-Back Back | Boston - 02118-South End | Boston - 02130-Jamaica Plain | Boston - 02210-Seaport | Boston - 02114-Beacon Hill 02108 | Boston - 02108 | Boston - 02129-Charlestown | Barnstable Bristol | Essex | Franklin | Hampden | Hampshire | Middlesex | Norfolk | Plymouth | Suffolk Worcester Maine Androscoggin | Cumberland | Kennebec | Lincoln | Sagadahoc | York New Hampshire Belknap | Carroll | Hillsborough | Merrimack | Rockingham | Strafford Rhode Island Bristol | Kent | Newport | Providence | Washington

Personalized expert guidance in the purchase and sale of Real Estate

Contact: 617.901.6004 | Russell@RussellHulteen.com





Posted by Russell Hulteen on 1/14/2016

A NEW YEAR BRINGS RENEWED ENTHUSIASM Happy New Year! I am pleased to welcome 2016 and look forward to an exciting year for the real estate industry. While there is no crystal ball to predict what the coming year holds, many factors that impact the real estate industry have been positive. Most agree that growth in the housing market is largely bolstered by the stability of the job market. As reported by Marketwatch, 2015 will be the second-best calendar year for U.S. job growth in this millennium. The greater Boston area continues to have a strong outlook, particularly after the recent announcement by General Electric that their world headquarters will be moving to Boston. While the Federal Reserve raised short-term interest rates, it did so because of a strengthening economy and financial markets remained resilient and receptive in light of the hike. One has to remember as well that even if rates continue to inch higher, the rates are still very low historically. Rising rents in most markets around the country continue to make purchasing a home a better financial option for many. Last year was another record-setting year in the number of renters paying more than 30 percent of their income on housing costs, according to the 2015 report on rental housing released from the Harvard Joint Center for Housing Studies. Additionally, home prices are increasing. According to the National Association of Realtors®, the median existing-home price for all housing types in November was $220,300, which is 6.3 percent above November 2014. November's price increase marks the 45th consecutive month of year-over-year gains. While the pace for home sales tends to be slower around the holiday season, there are buyers currently active in the market now and are eager to make their move before the frenzy and stiff competition of the spring market. Even though it is still winter, marketing your home now could be very advantageous and lower inventory presents an immediate opportunity for sellers. Plus, with prices steadily rising, you may find yourself in a position to take advantage of increasing equity. If you are in the process of buying or selling a home, it’s important to discuss these dynamics with me. I can explain how numerous factors, including those shared here, can impact your home buying or selling goals. I am hopeful that 2016 will continue to bring a revived economy and a growing housing market. I look forward to what awaits in the New Year and assisting you with all of your real estate needs in 2016 and beyond. Happy New Year! Find Your County/Zip Below to See the Numbers... Massachusetts Boston - 02113-North End | Boston - 02115-Fenway | Boston - 02116-Back Back | Boston - 02118-South End | Boston - 02130-Jamaica Plain | Boston - 02210-Seaport | Boston - 02114-Beacon Hill 02108 | Boston - 02108 | Boston - 02129-Charlestown | Barnstable Bristol | Essex | Franklin | Hampden | Hampshire | Middlesex | Norfolk | Plymouth | Suffolk Worcester Maine Androscoggin | Cumberland | Kennebec | Lincoln | Sagadahoc | York New Hampshire Belknap | Carroll | Hillsborough | Merrimack | Rockingham | Strafford Rhode Island Bristol | Kent | Newport | Providence | Washington

Personalized expert guidance in the purchase and sale of Real Estate

Contact: 617.901.6004 | Russell@RussellHulteen.com





Posted by Russell Hulteen on 12/2/2015

This Condo in Melrose recently sold for $390,000.
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This 3 bedroom, 1.5 bath Townhouse style home was sold by Russell Hulteen of Coldwell Banker Commercial and Residential Brokerage.
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Click the property address for more details on 43 Baxter Street, or to browse other available properties, please visit our site www.RussellHulteen.com

Expert guidance in the purchase and sale of your Real Estate property

 Contact: 617.901.6004 | Russell@RussellHulteen.com







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