Russell Hulteen - Coldwell Banker Residential Brokerage



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 |





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 |





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 |





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 |

 





Posted by Russell Hulteen on 10/14/2015

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