Taunton Massachusetts Area- Real Estate - and- Homes for Sale: January 2011

Taunton MA house prices and market analysis

Currently there are 182 single family homes on the market- 43 of them are bank owned or short sale homes.

There are 51 Multi-family homes on them market- and 19 of them are bank owned or short sale homes.

13 homes sold in January 2011- Average sales price of $219,000 which is down from last January

January 2010- there were 13 homes sold as well, however, the average sales price was $249,000.

A price decline of $30,000 on average

Of the 13 homes sold, a surprising number is that the number of bank owned and short sale houses sold is just 2!

The experts indicate another flurry of foreclosure inventory set to hit the market by spring.. as always, foreclosures place downward pressure on market prices.

If you would like to sell your property, it is best to list the home for sale now, waiting until spring will be more competitive. Buyers are out in the winter, they are the serious buyers.

 

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For Your Ultimate and Complete home search go to http://www.southeastmahomes.com

 

Lori Lincoln

Keller Williams Realty

http://LoriLincolnTeam.com

lorilincoln@kw.com

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton and more! Certified Distressed Property Expert Home Specialist in MA

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  Search Thousands of Homes for Sale -Ultimate Taunton MA Information and Home Search

Find out what your home is worth http://tauntonhomevalue.com

Get the latest Taunton Area real estate news at http://twitter.com/mahomesforsale

 Taunton Massachusetts Real Estate

The agent you choose to list your home matters. Hire the right agent the first time! Taunton Ma Real Estate.

Here are some pointed questions to ask the agent during your listing appointment.

Are you a full-time or part-time agent?

Your best friend or favorite cousin may be a licensed part time agent.. but is hiriing this person in your best interest? If your part time agent isn't available to take buyer agent phone calls, they will likely move onto the next listing.. and never consider your house.

 What is the average number of days your listings are on the market before selling?

It is a fact, the longer a house sits on the market, the less it will sell for.  The first 2 weeks on the market are the most crucial weeks. Be sure your agent prices your house right and has the skill level to market your home correctly.

Will you service our listing personally or will we be working with your assistants?

While it is great for agents to utilize assistants, you want to be sure that your listing agent communicates with you at least once a week.

How many sellers and buyers are you currently representing?

An agent with several buyers and sellers can cross sell and is more successful in the business. The fact that the agent has listings (not more than what can be handled) and has buyers increases the likelihood that they will sell your house.

What is your Internet marketing program?

So important, the first place buyers start in their home search is the internet. The National association of Realtors survey says 98% will start their search online. You want an agent who has a strong online presence. You can research the agent online as well. Go to google and type in the agent's name, or type in search terms that you think a buyer would type in. If you're agent does not have an online presence, and doesn't market their listings online, you will not likley sell your house.

What is your policy on responding to phone calls/emails/text messages?

Agents today should know how to text and email. This is basic.

How much of your business is generated by referrals?

This question is telling. Most professional agents generate most of their business by referral.

 What references can you provide?

Successful Professionals have testimonials and phone numbers of previous clients for you to call.

For a more complete list of "Questions to ask your agent" call or text Lori Lincoln @ 508-878-0917

email lorilincoln@kw.com

 

Lori Horton Lincoln likes

Lincoln Team Real Estate

Create your like badge

 

 

 

For Your Ultimate and Complete home search go to http://www.southeastmahomes.com

 

Lori Lincoln

Keller Williams Realty

http://LoriLincolnTeam.com

lorilincoln@kw.com

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton and more! Certified Distressed Property Expert Home Specialist in MA

Follow this blog                                                                               

 

  Search Thousands of Homes for Sale -Ultimate Taunton MA Information and Home Search

Find out what your home is worth http://tauntonhomevalue.com

Get the latest Taunton Area real estate news at http://twitter.com/mahomesforsale

 Taunton Massachusetts Real Estate

Oswald Acted Alone and We Did Land on the Moon-reposted with permission

We believe that things are usually as they seem. We are not the type of organization that believes in conspiracies. However, there is something interesting in some of the housing price studies we are seeing in our research. It seems that some of the groups making the predictions are the same ones that have the greatest power to affect the prices they are projecting.

Most housing analysts warn that the heaviest downward pressure on prices will be created by distressed properties and the speed at which they will be released to the market. Research shows that ‘short sales' sell at a 20% discount and foreclosures sell at a whopping 40% discount. Obviously, when and how much discounted real estate enters the market will have a major impact on prices of surrounding properties.

Back to our research

We are now seeing that a certain segment of those projecting future pricing have two things in common:

1. They believe prices will fall rather dramatically in the first half of 2011
2. They have control of the flow of discounted properties to the market

Predictions for the first half of 2011 by firms that fall in the above category:

• Bank of America projects that prices will fall 3.7%
• Fannie Mae predicts that median prices will drop $12,500
• Wells Fargo reported that they feel home prices will drop 8%

Not a coincidence

We are beginning to realize this is not a coincidence. The organizations which should best know when the surge of foreclosures will be released are saying house prices will be hit the hardest in the first half of the year. We are not asserting that there is anything devious in what we have found. We are just reporting that those who have control over the flow of distressed properties must think/know that inventory is about to be released. Why else would so many of them be predicting a sharp decline in home values in the next 120 days?

Bottom Line

If you currently have your house on the market and are hoping that you will see a better price after the snow melts or the temperature warms up (aka Spring), BE CAREFUL! Those in the know are warning you the best price might be attained TODAY!

 

Lori Horton Lincoln likes

Lincoln Team Real Estate

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For Your Ultimate and Complete home search go to http://www.southeastmahomes.com

 

Lori Lincoln

Keller Williams Realty

http://LoriLincolnTeam.com

lorilincoln@kw.com

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton and more! Certified Distressed Property Expert Home Specialist in MA

Follow this blog                                                                               

 

  Search Thousands of Homes for Sale -Ultimate Taunton MA Information and Home Search

Find out what your home is worth http://tauntonhomevalue.com

Get the latest Taunton Area real estate news at http://twitter.com/mahomesforsale

 Taunton Massachusetts Real Estate

Mutli family homes can provide financial freedom-Taunton MA

Need Income for Retirement, College Tuition or a nice tax write off? Multi-family Homes- Taunton MA

Multi family investment homes this year makes great financial sense. Home Prices are low and interest rates are low.. and finding great tenants isn't nearly as difficult as in the past.

Here's a success story:

Two years ago, I represented a Taunton  investor client who bought a 3 family multi family home home for $90,000. It was a disaster! The house needed substantial rennovation. The investor's repair bills totalled over $80,000. She  used part of her  savings and a home equity line of credit for the entire project. Then she refinanced $170,000 ..by the way, upon refinancing, her building appraised at $250,000..she's ahead already.

The  multi family Investment home mortgage payment with taxes and insurance is about $1300.00 a month

Her multi family investment home rents are guaranteed.. South Shore Housing pays her $1500. for one floor and Taunton Housing gives her $1300.

There is one floor that hasn't been rented or rennovated yet.. when this is done, the rent will be approx. $1300.00

So let's look at the numbers:

Mortgage Payment (with Taxes and Insurance- $1300

Maintainence per month $200. ( on the high side)

Current rents recieved $2800

Future rent from unit not finished yet $1300

Total rents $4100.

Less expenses (1500)

Cash Flow $2600.00 per month x 12 months=$30,200..

Can you use an extra $30,000 a year, 20,000 a year, or even 10,000 a year to fund your retirement?

Now just imagine.. if you bought  multi-family investment homes every 2 years for the next 6 years..

Now it gets better!!!  MORE Tax benefits than the stock market.. Tax write offs: You can write off your expenses including your interest on the mortgage, taxes, insurance and maintainence. You can also take a 27 year depreciation allowance..EVEN MORE MONEY IN YOUR POCKET!

Historically, Real Estate has always been a great way to gain appreciation over time..and real estate NEVER in history has gone down to zero..and multi-family investment homes give you more leverage

Contact your accountant to confirm the tax benefits.

If you or someone you know would like to learn more about long term real estate investing, please call me for a FREE, no obliation consultation ... Lori Lincoln- Investors friend..508-878-0917

 

Lori Horton Lincoln likes

Lincoln Team Real Estate

Create your like badge

 

 

 

For Your Ultimate and Complete home search go to http://www.southeastmahomes.com

 

Lori Lincoln

Keller Williams Realty

http://LoriLincolnTeam.com

lorilincoln@kw.com

508-878-0917

Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton and more! Certified Distressed Property Expert Home Specialist in MA

Follow this blog                                                                               

 

  Search Thousands of Homes for Sale -Ultimate Taunton MA Information and Home Search

Find out what your home is worth http://tauntonhomevalue.com

Get the latest Taunton Area real estate news at http://twitter.com/mahomesforsale

 Taunton Massachusetts Real Estate