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 12/12/2015

SELLERS NEEDED! The National Association of Realtors® (NAR) released the latest housing statistics and sales were not as vibrant as in recent months. Before panicking, it's important to understand the factors at play and recognize that there are opportunities to be had under any situation. According to NAR, total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent in October when compared to September. Despite the slight decline, sales are still 3.9 percent above a year ago which demonstrates that the overall health of the market continues to improve. So why would sales dip if the market is improving and where are the opportunities? There are buyers currently in the market who are anxious to take advantage of lower interest rates, and lower prices as they continue to increase. The median existing-home price for all housing types in October was 5.8 percent above October 2014. October's price increase marks the 44th consecutive month of year-over-year gains. The main issue facing many of these buyers is a lack of inventory of new and existing homes. In the same release provided by NAR, total housing inventory at the end of October decreased 2.3 percent and is 4.5 percent lower than a year ago. Unsold inventory is at a 4.8-month supply which is keeping us in a tight seller's market. But...there are unique opportunities available to determined buyers in December. Let's not forget, while most buyers this month are distracted by shopping and traveling, houses are STILL coming on the market. Stay vigilant and watch your MLS updates, because not again until July or August will there be outside-the-market buyer distraction like there is in December. That said, if the opportunity for buyers this December is big, the opportunity for sellers is tremendous. The average days on market in October was 57 days demonstrating that homes priced right and in good condition are selling quickly. If you're going to need time to prepare your property, start now. Listing during the Winter in a sellers' market enables home sellers to jump in well before the Spring crush and before contentious competition can snatch your buyer's attention. Buyers this time of year are also more serious and tired of haggling. If the concern is one of time or inconvenience, there is no need to worry. I can help you manage the details and will guide you through the process. If you are on the fence about selling your property right now, look to the trends taking place in your market area by viewing the data here. Reviewing inventory levels, days on market and average price could help you make a decision. Even better, call me and I will review with you the benefits and any challenges you could face. Selling a home is one of the most important financial decisions one will make and I can help. Find Your County Below to View Your December Market Data 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

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

 Call 617.901.6004 | Russell@RussellHulteen.com





Posted by Russell Hulteen on 11/11/2015

HOMEOWNERSHIP IS STILL THE AMERICAN DREAM If you want to purchase a home, you’re not alone. The National Association of Realtors (NAR) recently released its 11th annual Housing Opportunity Pulse Survey which questioned Americans from across the nation on their attitudes towards homeownership. According to the survey, a vast majority of Americans believe that buying a home is a solid financial decision, and most believe they could sell their home for at least its initial purchase price. It also found that a majority of Americans think that now is a good time to buy a home. The latest statistics certainly support the study results. According to NAR, existing–home sales rebounded strongly in September and have now increased year–over–year for 12 consecutive months. The number of renters who are now thinking about purchasing a home has also increased since the last survey, up from 36 percent to 39 percent. Sixty-one percent of renters stated that owning a home is a priority. That isn’t surprising considering that the Associated Press reported last month that rents are still climbing at a faster pace than average earnings and rental housing costs have been rising nationwide at roughly double wage growth. The result is an affordability crunch for renters. For those in a position to buy now, it is still a prime opportunity. Interest rates are still historically low, and home sellers also tend to be more motivated this time of year and more willing to negotiate. Additionally, buyers don’t have as much immediate competition. NAR’s survey respondents agreed, with 68 percent of respondents saying that now is a good time to buy a home. If you are currently in the market to purchase a home, look to the specific trends taking place in your market area by viewing the chart here. Feel free to contact me and I can provide you with a detailed analysis of the data, and show you properties in the areas you desire. In addition, I can suggest a mortgage adviser and can lead you through the entire process of purchasing your American dream. Click below to see the latest Market Data for your area: Massachusetts Boston - 02113-North End | Boston - 02115-Fenway | Boston - 02116-Back Bay | Boston - 02118-South End | Boston - 02130-Jamaica Plain | Boston - 02210-Seaport | Boston - 02114-Beacon Hill02108 | Boston - 02108 | Boston - 02129-Charlestown | BarnstableBristol | Essex | Franklin | Hampden | Hampshire | Middlesex | Norfolk | Plymouth | SuffolkWorcester Maine Androscoggin | Cumberland | Kennebec | Lincoln | Sagadahoc | York New Hampshire Belknap | Carroll | Hillsborough | Merrimack | Rockingham | Strafford Rhode Island Bristol | Kent | Newport | Providence | Washington

Contact: 617.901.6004 | Russell@RussellHulteen.com

 





Posted by Russell Hulteen on 6/22/2015

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This Multi-Family in Melrose recently sold for $502,000.

This property features 12 total rooms, 5 bedrooms, 0.19 acres, and was sold by Russell Hulteen - Coldwell Banker Commercial and Residential Real Estate.

Even in the incredibly seller-friendly town of Melrose, Massachusetts, Russell helped his clients purchase this house for $25,000 under asking!

Whether buying or selling, when you need results, Call Russell Hulteen.




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