How Governor Patrick’s tax plan can harm the Pioneer Valley real estate market. Reply

Before his visit to the University of Massachusetts, Amherst on Thursday was cancelled due to a scheduling conflict; I was looking forward to sharing my concerns with Governor Deval Patrick.  If I didn’t know better and had a bigger ego, I’d say that he cancelled because he somehow knew that I had planned on doing so.  I voted for the governor twice and am disappointed that he would propose throwing the real estate market under the bus now that he has decided not to run for re-election, especially while it is trying to recover from being run over by one of the worst financial crises in history.   More…

Grant for up to $15,000 available to first-time home buyers 2

Pioneer Valley first-time home buyers can now qualify for up to $15,000 in grant money to buy a home as part of a federal grant available through participating lenders.   All a buyer needs is $500 of their own money and qualify for a mortgage appropriate to the sale price of home.  After you own the home for five years, the grant money is forgiven.   In other words, you won’t have to pay it back. More…

A home warranty can add value to your Pioneer Valley home for sale; knowing the terms equally equitable Reply

Home warranties are a great way to add value to your Pioneer Valley home for sale, while providing a level of confidence to a home buyer.   They can save the future owner of your home money on costly repairs and save them time searching for a contractor.   If you are selling your Pioneer Valley home, including a home warranty is a worthwhile investment.   However, it is important for the home seller and the home buyer to understand the terms of the warranty because they aren’t blank checks.  More…

Homes listed with a real estate agents sell for more money than FSBOs, REALTOR® study finds Reply

Home sellers that sold their home “For Sale By Owner”, otherwise known as a FSBO (pronounced fiz-bo), did so for less money and with more headaches than home sellers who listed their home with a real estate agent, according to the National Association of REALTORS® (NAR) 2012 Profile of Home Buyers and SellersMore…

Home show at Eastern States Exposition starts on Thursday; save up to $7 on $10 admission with coupon Reply

The Original Western Mass Home & Garden Show will be held from March 21 to March 24, at the Eastern States Exposition in West Springfield.  This year’s event will mark the 59th year that the show has been held and will include over 350 vendors, including builders, remodelers, kitchen and bath specialists, financial institutions, landscapers, painters, roofers, pool companies, and everything in between. More…

SOLD!! Former University of Massachusetts chancellor puts Belchertown home on the market Reply

Ideally situated far back from the old Belchertown road that led to the town of Enfield up until the construction of Quabbin Reservoir, this 3,596 square foot contemporary home offers 5 bedrooms, 3.5 bathrooms, and sits on nearly 5 acres of land framed by stone walls.  The address is 160 Old Enfield Road and the seller was the chancellor at UMass, Amherst through most of the 1990’s.


More…

Median single-family home prices up in the Pioneer Valley, sales dip less than 1% overall. Reply

Single-family home sales dipped slightly, while median sale prices were up in the Pioneer Valley in the month of February, according to the REALTOR® Association of Pioneer Valley.   There were two less sales than in February of 2012 for a .9% decrease, but median prices jumped 7.1% ―rising from $167,537 to $185, 879 in 2012 and 2013, respectively.  More…

How much should you invest in improvements when selling a Pioneer Valley home? Reply

Whenever I speak to a Pioneer Valley home seller, I am usually asked what they can do to improve the value of their home, and subsequently, the list price.  While many improvements may add value, home sellers need to consider how much value will be added relative to the amount invested in the improvement.  Once a home seller performs this calculation, it is likely that they will find it more cost-effective to simply go after the low-hanging fruit. More…

Pioneer Valley Condo sales were up in 2012, median prices down Reply

Pioneer Valley condominium sales improved slightly in 2012, according to MLS PIN data.  There were 626 condo sales in 2012 in the valley, which was up from the 591 condo sales in 2011.  Out of all of the counties that make of the Pioneer Valley, only Franklin County saw an increase in median sale prices.

Here are the 2012 sales figures by Pioneer Valley County :

More…

Pioneer Valley outperforming state regarding home ownership rates, availability of affordable housing Reply

We’ve seen President Obama deliver the State of the Union Address and Governor Deval Patrick deliver the State of the Commonwealth Address, now the Pioneer Valley Planning Commission (PVPC) has prepared a report entitled,  State of the People: For the Pioneer Valley.  Among numerous other items, PVPC looked at six housing indicators in the region: housing affordability, housing cost burden, home ownership, subsidized housing availability, foreclosures, and homelessness.  So this is not a report on the status of the Pioneer Valley real estate market, which has been improving for over a year. More…