Austin Realty Group



Posted by Austin Realty Group on 12/11/2018

When you’re buying or selling a home, you may hear the terms, “assessed value” and “market value.” There are few things that you should know about these terms. First, they cannot be used interchangeably. The assessed value is generally much less than the market value. If you’re buying a home, you probably would rather see the assessed value of the home as a price! If you’re selling, the same holds true for the market value of the home for you.


Market Value Is Used Differently Than Assessed Value


The market value is how much your home is worth on the market currently. The definition is exactly as the term sounds the home is looked at by an assessor and given a value. The assessed value is used to determine property taxes, among other things. As you can imagine, the assessed value can become a point of contention for many homeowners especially when it comes to paying their tax bills. Many homes end up being assessed at a higher price than their current value, bringing tax bills to higher levels. The market value is what the home will sell for when it is listed for sale.


Be careful when searching for a home to buy. Many sites list the assessed value along with the price of the home or estimated market value of the home. You don’t want to get these numbers confused when budgeting and searching for the perfect house. 


If you’re getting ready to sell your home, pay little attention to the assessed value of the home. That is not what your home will sell for. 


The market value is a good reason to hire a realtor to help you sell your home. Realtors are experts in finding the market values of homes. They will even do something called a CMA (comparative market analysis) for you to help you determine the right price for your home to sell at. This is where comparable properties in the area are examined for their selling prices and all the perks of your home and neighborhood are considered. The market value is determined by the price of the homes that have recently been sold in the area based on the location of the home and how close it is to certain amenities like schools, parks, and the probability of future construction. 


Finally, know that the market value and the appraised value of a home have a lot to do with how much a lender will give you to buy the property. Every home that is being bought must go through an appraisal, to protect the lender from overpaying for a home.    


Whether you’re buying or selling a home, knowing your value terms can really be a help in understanding the sweet spot for pricing a property  





Categories: Uncategorized  


Posted by Austin Realty Group on 12/4/2018

A successful home selling experience is not a guarantee. However, if you prepare for the house selling journey, you may be better equipped than others to reap the benefits of a quick, profitable home selling experience.

Now, let's take a look at three tips so you can set yourself up to succeed during the house selling journey.

1. Identify Your Home's Strengths and Weaknesses

Your home has served you well for many years, yet your residence still has flaws. Fortunately, if you allocate time and resources to identify your house's strengths and weaknesses, you may find ways to improve your residence before you list it.

Consider the buyer's perspective – you'll be glad you did. If you take an objective view of your residence, you may be able to identify assorted home problems and correct them right away.

Also, it may be beneficial to conduct a house inspection. Following an inspection, you'll receive a report that outlines any underlying problems with your house. You then can use this report to prioritize home repairs and upgrades.

2. Establish a Competitive Initial Asking Price

As a home seller, it is important to do everything you can to establish a competitive initial asking price for your residence. Thanks to a home appraisal, you can gain the insights you need to price your house appropriately.

During a home appraisal, a property expert will evaluate your home and various real estate market data. Next, this property expert will provide you with a property valuation. With this property valuation in hand, you can set an aggressive initial asking price for your house.

Maintain flexibility with your home price, too. And remember, if you upgrade your home before you list it, you may be able to receive multiple homebuying proposals at or above your residence's initial asking price.

3. Collaborate with a Real Estate Agent

For those who want a helping hand throughout the house selling journey, it may be a good idea to hire a real estate agent. Because if you have a real estate agent at your side, you can receive comprehensive support at each stage of the home selling journey.

A real estate agent is happy to teach you about all aspects of the house selling journey and ensure you can plan accordingly. He or she can help you identify your house's strengths and weaknesses, price your home appropriately and much more. Plus, once you list your residence, a real estate agent will set up home showings and open house events to promote your property. And if you receive an offer to purchase your house, a real estate agent will help you analyze this proposal and make an informed house selling decision.

If you want to take the guesswork out of selling your home, you should start preparing today. By taking advantage of the aforementioned tips, you can plan ahead for the house selling journey and set yourself up for a successful home selling experience.




Categories: Uncategorized  


Posted by Austin Realty Group on 12/1/2018

This Single-Family in Burlington, MA recently sold for $1,070,000. This Colonial style home was sold by - Austin Realty Group.


13 Brown Ave, Burlington, MA 01803

Single-Family

$1,090,000
Price
$1,070,000
Sale Price

9
Rooms
4
Beds
2/1
Full/Half Baths
Elegant and inviting new 3,241 SF Colonial with open floor plan offers 9 rooms, 4 bedrooms, 2.5 baths on 3 levels of living space. Quality details we have come to expect from one of Burlington's most prestigious builders. Airy and spacious with careful attention to detail. Chef's eat-in kitchen w/ granite counters, large island work space and SS appliances. A grand formal dining room with French doors opens to an amazing 26'x24' family room w/gas fireplace, vaulted ceilings and hardwood floors throughout. Living room or office space on the 1st floor. Master suite w/ Luxury bath / Walk-in closet, 3 additional bedrooms w/ copious amounts of storage and 2nd floor laundry. A large finished playroom on the lower level with huge basement. Gorgeous lot w/ stonewalls and irrigation system. Close to Lahey Medical Center and a short walk to the Town Common, Burlington Mall, The District and Third Ave. This is a showstopper you will not want to miss! Great home for entertaining.

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Categories: Sold Homes  


Posted by Austin Realty Group on 11/29/2018


44 Beaverbrook Rd, Burlington, MA 01803

Single-Family

$619,900
Price

10
Rooms
4
Beds
3
Baths
Extraordinary Colonial beautifully sited on a prof. landscaped 1/2 acre near Foxhill Elem. School & Parks. This Custom Built 10 Room, 4 Bedroom, 3 Full Bath Colonial has the best that Burlington has to offer. Everything about this home will exceed expectation. Meticulously maintained to include unrivaled amenities, well-appointed elegant finishes sure to impress. The main living area on the first floor features an open floor plan consisting of a 24'X24' Living Room, Formal Dining Room w/Fireplace, well appointed Kitchen w/Granite & Breakfast Peninsula. A lovely first floor Family Rm addition..enjoy those gorgeous September afternoons in the 16'X12' Florida Room Addition w/cathedral ceiling and oversized windows. The amazing 2nd level offers a Master Bedroom Suite w/Bath, Cathedral Ceilings, 3 more Bedrooms & Bath. Updates include Roof 2004, Heat System 2007..oil tank 2017..2nd floor bath 2011..windows 1st flr 2010..cooktop/stove 2010..granite 2012..dishwasher 2016..microwave 2018
Open House
Sunday
December 02 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 44 Beaverbrook Rd, Burlington, MA 01803    Get Directions

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Categories: Open House  


Posted by Austin Realty Group on 11/27/2018


7 Woodcrest Ave, Burlington, MA 01803

Single-Family

$469,900
Price

6
Rooms
3
Beds
1
Baths
Move right in and begin creating new family memories in this meticulously maintained and updated 6 Room, 3 Bedroom RANCH w/ first floor family room. The current updates include newer Roof, Vinyl Windows, Vinyl Siding, Heating System, Oil Tank, Walkway, Front Stairs, Stonewalls, Carpets, Gleaming Hardwood Floors and recently painted throughout. Oversized deck and 1 car garage. All this and more on a beautiful corner lot. Convenient location near Burlington Center. Walk to public transportation, coffee shops, bank, grocery store, town common and library.
Open House
Sunday
December 02 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 7 Woodcrest Ave, Burlington, MA 01803    Get Directions

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Categories: Open House