30 Luxury Home Design Trends And Features Adorning 2017

Originally posted over on Inman

What high-end homebuyers seek, and sellers should consider…

Key Takeaways:

  • Luxury buyers look for anything but cookie-cutter, while convenience, style and recreation opportunities make the top of their wish list.
  • A ranch-style featuring a designer kitchen, blended living space and mixed-metal trimmings — such a house would embody 2017 luxury, so long as it was also decked out in smart home technology.
  • That’s according to twin brothers Jonathan and Drew Scott, co-founders of Scott Brothers Entertainment and Scott Living.
  • The duo and HGTV hosts — real estate agent (Drew) and fixer-upper transformer (Jonathan) — launched their first book this year, New York Times’ best-seller Dream Home: The Property Brothers’ Ultimate Guide To Finding & Fixing Your Perfect House, along with a luxury home project in Las Vegas: Dream Homes by Scott Living.
  • The project offers well-to-do buyers the chance to snag a new build from their portfolio of customizable original designs.
  • What do the brothers have to say about this year’s biggest luxury design trends, features and homebuyer requests? Which investments add value, and where should the top 1 percent of sellers refrain from splurging?

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Sell Your Home Fast: 21 Staging Tips

Originally posted on Houzz

If you are planning to put your house on the market, it goes without saying that you are hoping to sell your home as quickly as possible and get your asking price. Set the stage for success with these 21 tips for styling and upgrading your home, and see results — fast.

Traditional Exterior by Case Design/Remodeling, Inc.
Case Design/Remodeling, Inc.

1. Boost curb appeal. This is something you always hear, and with very good reason. Many people thinking of touring your home will do a quick drive-by first, often deciding on the spot if it is even worth a look inside. Make sure your home is ready to lure in onlookers with these tips:

  • Power wash siding and walkways (How to Wash Your House)
  • Hang easy-to-read house numbers
  • Plant blooming flowers and fresh greenery
  • Mow lawn, and reseed or add fresh sod as needed
  • Wash front windows
  • Repaint or stain the porch floor as needed

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COVELLE & COHEN MAP OF SOLD PROPERTIES

Properties

 A map of Covelle & Cohen’s sold properties over these past few years! Whether you are a BUYER or a SELLER…We are the talented professionals that will bring you to the finish line wherever you are or need to be!

See all our SOLD properties here 


Check out this The Balance article on reasons why you should hire a Real Estate Agent:

“With so much information readily available online, clients sometimes ask me, “Why should we hire a real estate agent?” They wonder, and rightfully so if they couldn’t buy or sell a home through the Internet or regular marketing and advertising channels without representation, without a real estate agent. Some do OK; many don’t. So if you’ve wondered the same thing, here are 10 reasons why you might want to consider hiring a professional real estate agent.”

1. Education & Experience

Properties
Andrew Bret Wallis/Photographer’s Choice RF/Getty Images

You don’t need to know everything about buying and selling real estate if you hire a real estate professional who does. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. The trick is to find the right person. For the most part, they all cost roughly the same. Why not hire a person with more education and experience than you? We’re all looking for more precious time in our lives, and hiring pros gives us that time.

2. Agents Are Buffers

Agents take the spam out of your property showings and visits. If you’re a buyer of new homes, your agent will whip out her sword and keep the builder’s agents at bay, preventing them from biting or nipping at your heels. If you’re a seller, your agent will filter all those phone calls that lead to nowhere from lookie loos and try to induce serious buyers to write an offer immediately.

3. Neighborhood Knowledge

Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data on schools, crime or demographics. For example, you may know that a home down the street was on the market for $350,000, but an agent will know it had upgrades and sold at $285,000 after 65 days on the market and after twice falling out of escrow.

4. Price Guidance

Contrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help to guide clients to make the right choices for themselves. If a listing is at 7%, for example, an agent has a 7% vested interest in the sale, but the client has a 93% interest. Selling agents will ask buyers to weigh all the data supplied to them and to choose a price. Then based on market supply, demand and the conditions, the agent will devise a negotiation strategy.

4. Market Conditions Information

Real estate agents can disclose market conditions, which will govern your selling or buying process. Many factors determine how you will proceed. Data such as the average per square foot cost of similar homes, median and average sales prices, average days on market and ratios of list-to-sold prices, among other criteria, will have a huge bearing on what you ultimately decide to do.

6. Professional Networking

Real estate agents network with other professionals, many of whom provide services that you will need to buy or sell. Due to legal liability, many agents will hesitate to recommend a certain individual or company over another, but they do know which vendors have a reputation for efficiency, competency, and competitive pricing. Agents can, however, give you a list of references with whom they have worked and provide background information to help you make a wise selection.

7. Negotiation Skills & Confidentiality

Top producing agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because they are skilled. It’s part of their job description. Good agents are not messengers, delivering buyer’s offers to sellers and vice versa. They are professionals who are trained to present their client’s case in the best light and agree to hold client information confidential from competing interests.

8. Handling Volumes of Paperwork

One-page deposit receipts were prevalent in the early 1970s. Today’s purchase agreements run ten pages or more. That does not include the federal- and state-mandated disclosures nor disclosures dictated by local custom. Most real estate files average thicknesses from one to three inches of paper. One tiny mistake or omission could land you in court or cost you thousands. In some states, lawyers handle the disclosures, thank goodness!

9. Answer Questions After Closing

Even the smoothest transactions that close without complications can come back to haunt. For example, taxing authorities that collect property tax assessments, doc stamps or transfer tax can fall months behind and mix up invoices, but one call to your agent can straighten out the confusion. Many questions can pop up that were overlooked in the excitement of closing. Good agents stand by ready to assist. Worthy and honest agents don’t leave you in the dust to fend for yourself.

10. Develop Relationships for Future Business

The basis for an agent’s success and continued career in real estate is referrals. Few agents would survive if their livelihood was dependent on consistently drumming up new business. This emphasis gives agents strong incentives to make certain clients are happy and satisfied. It also means that an agent who stays in the business will be there for you when you need to hire an agent again. Many will periodically mail market updates to you to keep you informed and to stay in touch.

Source: Reasons to Hire a Real Estate Agent

Cambridge & Somerville 2017 versus 2013

Boston Real Estate 2017 compared to 2013

Cambridge VS. Somerville: “What a difference five years makes! Back in 2013, we were seeing our second year of price increases, after many years of flat market values. Buyers were still trying to get their heads around competitive offer situations and the fast pace of homes going under agreement. Many buyers backed out of the market altogether, choosing to “wait til things cooled down.” Well, so far that hasn’t happened.

Cambridge

The prices have just continued to rise in Cambridge and Somerville. To illustrate this trend, let’s look at a sampling of property types, comparing what a buyer would have paid five years ago, and what they are paying in 2017 so far.”

 

Condo — 1BR/1ba, without parking

Cambridge average price in 2013 — $355,779 / now — $517,210

Somerville average price in 2013 — $284,148 / now — $411,317

Condo — 2BR/1ba, with 1 parking space

Cambridge average price in 2013 — $457,736 / now — $661,452

Somerville average price in 2013 — $364,241 / now — $558,629

Condo — 3BR/1.5+ba, with 1+ parking space(s)

Cambridge average price in 2013 — $954,117 / now — $1,226,190

Somerville average price in 2013 — $608,664 / now — $878,460

Single-family — up to 2000 square feet

Cambridge average price in 2013 — $722,321 / now — $1,026,656

Somerville average price in 2013 — $513,689 / now — $675,858

Single-family — larger than 2000 square feet

Cambridge average price in 2013 — $1,873,406 / now — $2,079,829

Somerville average price in 2013 — $720,800 / now — $1,037,406

2-family properties

Cambridge average price in 2013 — $916,825 / now — $1,437,722

Somerville average price in 2013 — $658,089 / now — $1,043,007

3-family properties

Cambridge average price in 2013 — $1,134,050 / now — $1,695,915

Somerville average price in 2013 — $809,568 / now — $1,214,800

 

Source: Cambridge & Somerville real estate in 2017 versus 2013 – cambridgeville

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