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 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 2/1/2016

$524,900.
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Rare Main Street commercial property for sale in Winchester, MA. High visibility property on a heavy traffic route. 9 miles from the city in one of Boston's most affluent suburbs. Located on major bus line right next door to Dunkin Donuts and easily walkable from train station. Plenty of parking. Land expansion behind property may be possible in future, pending decision making by town. General Business District 2 zoning allows use as office space, medical/dental center, hair salon, restaurant, retail store and more! Property easy to show, come see it today!

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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 12/12/2015

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







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