Lynn D'Avolio
Coldwell Banker Residential Brokerage | 801-597-2857 | lynn1@soldbylynn.com


Posted by Lynn D'Avolio on 12/12/2017

Are you ready to buy your first home? Although you may conduct plenty of research, know your budget and understand what you want to find in your first residence. Problems may arise along the way that could force you to rethink your homebuying plans. So what does it take to ensure your first home purchase will be a successful one? Here are three lessons that every first-time homebuyer needs to know: 1. Purchase a home only when you're comfortable with your decision. Let's face it – buying a home can be stressful, regardless of whether you're a first-time homebuyer or have purchased multiple residences in the past. As a result, stress can be problematic, and it ultimately may lead you to buy a home before you're ready to do so. In a stressful homebuying situation, be sure to take a step back and explore all of the options at your disposal. By doing so, you can minimize the risk of committing to buy a home in the heat of the moment. When in doubt, don't be afraid to consult with family members, friends and, of course, your real estate agent. A strong support system can make a world of difference for a first-time homebuyer, and it might even help you eliminate stress throughout the homebuying process. 2. Put aside money for home improvements. Budgeting for a home can be tricky. Ideally, you'll want to be able to put at least a few thousand dollars down on your purchase. You'll also want to ensure that you're in great shape financially to handle your mortgage payments. At the same time, you should try to put money aside for potential home improvements. Although you've conducted an extensive home inspection, there are no guarantees that your home will maintain its quality for an extended period of time. As such, having a "rainy day fund" will ensure you're ready to handle numerous home improvement projects down the line. Adding money to your rainy day fund each month can deliver long-lasting benefits. This will allow you to be ready for any home improvement issues that may arise, along with avoiding the anxiety commonly associated with finding the finances to afford home repairs. 3. Understand the ups and downs of the real estate market. What you pay for your home today may not be what it's worth tomorrow. In fact, the real estate market fluctuates frequently, so you'll want to understand that your house's value will change in the years following your purchase. In many cases, the value of your home will rise over the years. But in some situations, it may fall. Remember, buying a home is a major decision and is not without risk. Even though you might expect your home's value to skyrocket, you'll still need to take care of your house. Maintaining your residence will boost your chances of increasing its value, regardless of the real estate market. However, you need to be aware that a buyer's market can change into a seller's one at a moment's notice, so there is always a chance that your house's value will go up and down periodically. Be a prepared homebuyer, and you can minimize problems as you explore the real estate market for your first residence. Thus, you'll be better equipped to find a house that fulfills your needs and will serve you well for years to come.





Posted by Lynn D'Avolio on 11/28/2017

Estimating the market value of your home isn't a precise science. There are several factors that go into assessing the value of a home and the process is complicated by changes in the market that can sway home prices in either direction. Since homes are so expensive and are such a huge investment, the pragmatist and worrier in us all wants it to be a clear cut decision backed up by facts. Unfortunately, no two people will ever arrive at precisely the same number for the value of a home. The good news is that you can use this ambiguity to your advantage when bargaining with prospective buyers. To learn more about the six main factors that determine a home's value, read on.

Condition

Homebuyers don't want to walk into what could be their new house and discover months of expensive repairs and upgrades waiting for them. Especially for busy, young professionals there is great appeal in a home that is move-in ready. If your home needs some work, it will knock off some digits from your asking price.

Location

We would all love to say that having a home near the ocean or the mountains is our top priority. But, let's face it--having a place that is close to your work and that is in a good school district will probably take precedence over our daydreams. Location factors that add value to your home could include close proximity to schools, shopping, highways, and other amenities. However, if your home is far away from them or is in a neighborhood that appears run-down or dangerous you will find the value of your home decreasing. An easy way to get a ballpark figure for your home value is to look up the value of other comparable homes in your neighborhood.

Age

Age is just a really expensive number. For some, buying an old home is a dream they've always had. Old homes have character and offer challenges when it comes to DIY repairs and renovations. For others, an old home means more headaches and more expensive utilities if it's drafty or outdated.

Features

Curb appeal is important, but once your prospective buyers are inside you'll have to keep them around with great, convenient household features. Lots of storage space, updated kitchens with new appliances, finished basements, or a beautiful backyard with a view can all add thousands to a home value.

Size

Square-footage is important to many homebuyers. In spite of the current trends around minimalism and being eco-friendly, the numbers show that Americans are buying increasingly larger homes and vehicles.

Market

You've probably heard the terms "buyer's market" and "seller's market" thrown around in conversations about real estate. They are essentially descriptions of the supply and demand of homes. Many buyers with few homes means you're in a seller's market, whereas a surplus of vacant homes and few prospective buyers means it's a buyer's market. This is closely tied to location, different cities and suburbs experience different rates of growth and decline depending on the local economy.




Tags: Real Estate   home   value   home value  
Categories: Uncategorized  


Posted by Lynn D'Avolio on 11/14/2017

This Single-Family in Saugus, MA recently sold for $314,000. This Cape style home was sold by Lynn D'Avolio - Coldwell Banker Residential Brokerage.


100 Essex St, Saugus, MA 01906

Cliftondale

Single-Family

$314,000
Price
$314,000
Sale Price

5
Rooms
3
Beds
1/1
Full/Half Baths
The perfect starter home for is ready for new owners. Come see this open and bright 3 bedroom, 1.5 half bath New England cape with an over sized back yard. All the important updates have been done over the past 16 years by the current owners. Located minutes from route one, steps from Cliftondale Square, and next to a park and jogging/biking trail, access to much of what Saugus has to offer is not a concern.

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Categories: Sold Homes  


Posted by Lynn D'Avolio on 10/17/2017

This Single-Family in Peabody, MA recently sold for $469,000. This Ranch style home was sold by Lynn D'Avolio - Coldwell Banker Residential Brokerage.


18 Anne Drive, Peabody, MA 01960

Single-Family

$489,000
Price
$469,000
Sale Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Lovely Ranch in West Peabody! Love to entertain? This home is for you! The beautiful yard with pool plus a large family room with access to a screened patio that leads to the yard is the place to gather! The dining room with wood stove, stone flooring and recessed lighting is open to the bright white kitchen with skylights, recessed lighting, SS appliances and French doors leading to the pool and yard area. The large family room has a wood burning fireplace, cathedral ceiling, tile flooring and ceiling fan. Three bedrooms and 1.5 baths. Enjoy the remainder of summer in your screened porch, deck or pool area all on a corner lot. 2 storage sheds. Close to highway and convenient to shopping, walking and biking trails.

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Categories: Sold Homes  


Posted by Lynn D'Avolio on 9/29/2017


34 Wrentham Road, Worcester, MA 01602

West Side

Single-Family

$599,000
Price

10
Rooms
5
Beds
2/2
Full/Half Baths
Amazing home! Gorgeous stone entry leads to the foyer, this home is like new built in 2010. The large kitchen offers SS appliances, upscale cabinets, granite counters, stone flooring and oversize island with breakfast bar. Large formal dining room with hardwood floors and slider to patio. Formal living room with fireplace and hardwood floors. Great room with hardwood floors large enough for that big sectional! 5 bedrooms, 2 full 2 half baths, partially finished basement with half bath. Lots of Storage and lots of Closet Space. Has a long driveway that can park 8 to 10 maybe more cars plus a 2 car garage!.
Open House
Saturday
September 30 at 12:00 PM to 1:30 PM
Cannot make the Open Houses?
Location: 34 Wrentham Road, Worcester, MA 01602    Get Directions

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Categories: Open House