Please see below for the Market Update for September 2024 in Lexington MA. Contact me today if you are even thinking of selling your Lexington MA home!
Theresa D'Antuono
Lexington MA Real Estate Agent
Search For Lexington Area Homes For Sale
Visit our Lexington MA Resources Facebook Page for Updates and Events
Selling your home can feel like an overwhelming process, but with the right preparation, you can set yourself up for success in the Lexington, MA real estate market. Whether you’re looking to move locally or relocating to a new city, taking the time to properly prepare your home for sale will help attract potential buyers and maximize your selling price. Here are five essential things to do before listing your Lexington, MA home.
Curb appeal is a buyer’s first interaction with your property, so making it inviting is crucial.
Before showing your home to potential buyers, decluttering and depersonalizing is a must. Buyers want to be able to envision themselves living in the space, and having your personal items—such as family photos, personal collections, or unique decor—can distract them from seeing the home’s potential.
Consider packing away anything that isn’t essential for daily living. Less clutter makes your home feel more spacious and appealing. It’s also a good time to start sorting through items you don’t need, helping to simplify your move when the time comes.
Small issues like leaky faucets, chipped paint, or worn-out flooring can send a message to buyers that
your home hasn’t been well-maintained. Before listing, walk through your home and address any minor repairs. Even small fixes can have a big impact on how buyers perceive your home.
If your budget allows, you might also consider making more significant updates, such as upgrading kitchen appliances or refreshing the bathrooms. While you don’t need to do a complete remodel, strategic updates can increase your home’s value and appeal to buyers in the Lexington, MA real estate market.
Home staging is a powerful tool that can help showcase your home’s best features. A staged home often sells faster and for a higher price than one that isn’t staged. Whether you hire a professional stager or take a DIY approach, the goal is to create a clean, inviting, and neutral space that appeals to a wide range of buyers.
Staging typically involves rearranging furniture, adding fresh decor, and enhancing key rooms like the living room and master bedroom. A well-staged home allows potential buyers to imagine themselves living there, increasing their emotional connection to the property.
Finally, one of the most important steps in preparing to sell your home is finding a trusted real estate professional. As someone who specializes in the Lexington, MA real estate market, I can help guide you through the entire selling process. From determining the right listing price to marketing your home and negotiating offers, having an experienced agent by your side is invaluable.
At Grant Cole Realtors, I’m dedicated to helping homeowners achieve the best possible outcome when selling their homes. If you’re ready to sell your home in Lexington, MA, I’d be honored to put my expertise to work for you. Visit Lexington Houses or contact me today to get started!
Selling a home in Lexington, MA can be a smooth and rewarding process with the right preparation. By enhancing curb appeal, decluttering, making necessary repairs, staging your home, and working with a local real estate professional, you’ll increase your chances of a successful sale.
If you’re thinking of selling your Lexington, MA home, I’m here to help every step of the way. Let’s work together to make your home-selling journey a success!
Theresa D'Antuono
Lexington MA Real Estate Agent
Search For Lexington Area Homes For Sale
Visit our Lexington MA Resources Facebook Page for Updates and Events
One of the most important steps in determining your readiness to buy a home in Lexington, MA is having a solid understanding of your financial health. Do you have enough for a down payment? In many cases, this will be 20% of the home’s value, although there are options for lower down payments. Additionally, ensure you’ve factored in closing costs, home inspection fees, and potential renovations.
It’s crucial to also assess your credit score. A higher credit score can open up better mortgage rates, potentially saving you thousands in the long run. If your credit score could use some improvement, now may be the time to work on it before entering the Lexington, MA real estate market.
Getting pre-approved for a mortgage is a key indicator of your readiness. A pre-approval letter shows sellers that you're serious about buying and gives you a clear idea of your budget. Lexington’s competitive real estate market means that homes can move quickly, and having a pre-approval gives you an advantage over buyers who haven’t taken this step.
By working with a trusted mortgage lender, you’ll have a better understanding of your loan options, monthly payment estimates, and what kind of homes you can realistically afford in Lexington, MA.
While financial readiness is essential, it’s also important to evaluate your lifestyle and long-term plans. Are you ready to commit to staying in the area for at least a few years? Buying a home is a long-term investment, and while the Lexington, MA housing market tends to appreciate over time, it’s best to be sure you're settled in your decision to live in the area.
Think about your current and future needs. If you're planning on expanding your family, for example, you’ll want to ensure your new home has enough space. Lexington, MA offers excellent schools, beautiful parks, and a strong sense of community—factors that make it an ideal place for families.
Before diving into the home-buying process, it’s essential to have a solid grasp of the current housing market in Lexington, MA. Is it a buyer’s market or a seller’s market? Understanding trends such as the average home prices and how long homes typically stay on the market will give you an advantage when it comes time to make an offer.
The Lexington, MA real estate market can be competitive, with homes often selling quickly. By working with a real estate professional, you’ll gain insight into these trends and be better prepared to navigate the market.
One of the best ways to determine if you're ready to buy a home is by consulting a local real estate expert. As a professional with years of experience in the Lexington, MA real estate market, I can help guide you through the complexities of home buying. Whether you're in the research phase at the beginning of your real estate search, or you know exactly what you’re looking for, having a trusted advisor by your side is invaluable.
At Grant Cole Realtors, I work closely with buyers at all stages of their journey. From helping you find homes that match your needs to providing advice on making competitive offers, I’m here to ensure the process is as smooth as possible.
Buying a home is a major life event that requires careful consideration. By evaluating your financial situation, getting pre-approved for a mortgage, and understanding the Lexington, MA housing market, you’ll be better prepared to make an informed decision.
If you’re ready to explore your options, I’d be honored to assist you. Whether you’re just starting your search or are ready to make an offer, I’m here to put my experience to work for you. Visit my website Lexington Houses or contact me today to start your home-buying journey in Lexington, MA!
Theresa D'Antuono
Lexington MA Real Estate Agent
Search For Lexington Area Homes For Sale
Visit our Lexington MA Resources Facebook Page for Updates and Events
Here are four key tips to ensure your offer stands out in a competitive Massachusetts real estate market:
Know Your Budget: Before making an offer, determine your budget and stick to it. Factor in all costs, including down payment, closing costs, and potential repairs. Being financially prepared gives you a clear understanding of what you can afford and strengthens your negotiating position.
Get Pre-Approved: Gain an edge over other buyers by obtaining pre-approval for a mortgage. This demonstrates to sellers that you are a serious and qualified buyer, increasing their confidence in your offer. Pre-approval also streamlines the buying process, allowing you to act quickly when you find the right property in the Lexington MA area.
Understand the Market: Research the local market dynamics to gauge demand, pricing trends, and competition. Knowing the market conditions helps you tailor your offer strategically. In a seller’s market, offering at or above asking price may be necessary to remain competitive, while in a buyer’s market, you may have more room for negotiation.
Work with a Skilled Realtor: Partner with an experienced real estate agent who understands the intricacies of the market. A knowledgeable agent can provide valuable insights, guide you through the negotiation process, and help you craft a compelling offer that aligns with your goals and budget.
By implementing these four tips as a Massachusetts home buyer, you can position yourself as a strong contender in a competitive housing market.
With careful planning, financial readiness, market awareness, and expert guidance, you can increase your chances of securing the home of your dreams in Lexington MA and beyond.
Questions about buying this year? Give me a call!
Theresa D'Antuono
The prices can vary dramatically and while you may prioritize having a brand-new home over a lived-in property, it’s important to consider the financial differences between the two.
New Construction Upgrades
When you visit a model home in a Lexington MA community, it can be easy to feel attached to all of the modern features. However, each of those upgrades comes with a price tag and it can be a hefty one at that. When you realize how much everything you want in the home will cost, older homes start to become more appealing.
More available, less expensive
Older homes in Lexington MA and the surrounding areas are typically less expensive than new construction and more readily available in the real estate market than newer homes, all depending on the area, of course.
Troublesome Financing
Newer homes can come with larger price tags and because of this, can be harder to finance. With stricter lending requirements (especially for self-employed buyers), homebuyers are forced to comply with traditional guidelines of down payments and debt to income ratios. If your home will be using more than 30% of your household gross income to cover living expenses (mortgage, taxes, insurance), lenders may not see that as a sound purchase.
As your local real estate expert, I can help you determine which style of home and location are best for you and your needs!
Let's connect!
Theresa D'Antuono
There are several proactive steps you can take to breathe new life into your Lexington MA listing to attract the right buyers:
1. Evaluate Your Pricing Strategy: The first thing to reassess is your pricing strategy. In a competitive market, pricing can make or break a sale. Consider consulting with your real estate agent to conduct a comparative market analysis (CMA) to ensure your home is priced competitively.
2. Enhance Curb Appeal: First impressions matter. Sprucing up your Lexington MA home's exterior can make a significant difference in attracting potential buyers. Simple enhancements like landscaping, a fresh coat of paint, or updating the front door can go a long way in improving curb appeal.
3. Address Any Issues: Identify and address any issues that may be deterring buyers, such as outdated fixtures, repairs, or maintenance issues. Investing in minor repairs and updates can make your home more appealing and potentially increase its value.
4. Flexible Showing Schedule: Make it as convenient as possible for potential buyers to view your home by offering flexible showing schedules. Accommodating their preferred times can increase the likelihood of receiving offers.
Remember, patience is key in the home selling process. By implementing these strategies and staying the course, you can increase your chances of selling your Lexington MA home successfully.
Do not hesitate to give me a call for help in navigating your home sale. I'm here to guide you, every step of the way!
Contact me today!
Theresa D'Antuono
Condo living presents a compelling case for those looking to minimize upkeep responsibilities. With amenities like lawn care, exterior maintenance, and communal facilities typically covered by homeowners' association (HOA) fees, condos offer convenience and freedom from many traditional homeowner duties. This lifestyle appeals to individuals and couples eager to say goodbye to yard work and time-consuming exterior upkeep.
On the other hand, townhomes offer a middle ground between detached single-family homes and condos. While townhome residents enjoy the benefits of shared maintenance responsibilities, they also maintain some degree of autonomy over their property. With separate entrances and potentially more space than a condo, townhomes provide a sense of privacy while still offering community amenities and shared maintenance benefits.
When choosing between a condo or townhome, it's important to consider your long-term real estate goals. If you desire a lock-and-leave lifestyle for travel, a condo may be the ideal choice. If you value a bit more space and independence while still enjoying shared amenities, a townhome might be the better choice.
The decision all comes down to your lifestyle preferences, financial situation, and future plans. Whether you opt for the simplicity of condo living or the balance of townhome ownership, downsizing offers an opportunity to embrace a more manageable way of life.
Contact me today for a list of available townhomes and condos in the Lexington MA area!
Theresa D'Antuono
