If you are thinking of buying a home in Massachusetts and are trying to decide between Boston and the South Shore, price is going to be a factor. So how are house prices in Cohasset different to house prices in the City and the rest of Cohasset?
Is buying a home in New England a good investment?
March 7, 2011 By 4 Comments
Is buying a home in New England a bad idea?
Most people that are buying a home plan to hold onto it for longer than a year, which makes this market an attractive market to buy in because in the long run, the value of your home will increase, which is what makes location important when choosing where to buy home. The last few years have not been great for the housing market and many home owners have been jittery but the question you should ask yourself is: why am I buying a home? Is the value of this home going to appreciate over time? Homes are not like stock, they are usually a long term investment. homeowners who purchased a house in New England in the early 1990s can still sell for a higher price – house prices since 1991 have appreciated by an average of 105%
The last year may have felt brutal for most homeowners but the data shows that New England homeowners faired better than most in 2010.
According to the Federal Housing finance Agency home prices declined in most states during 2010; declining by 0.8% overall. Only 4 states (North Dakota, Alaska, District of Columbia and West Virginia) showed overall appreciation in house prices in the last year within the USA.
Although Massachusetts home values did not appreciate, the depreciation was negligible; single family home prices depreciated by 0.1% overall and the state ranked 5th in house appreciation index.
The price of single family homes in New England dropped by 1.11% in 2010 and depreciated 11.39% overall since 2005, with the worst depreciation in home prices occurring in 2008. This means that most homeowners who purchased a house in the last 5 years have seen the value of their house drop by an average of 11.39%. Despite the small drop in prices, the New England housing market did better in 2010 than all the other regions, in particular the Mountain, Pacific and South Atlantic regions. However, in the last 5 years home values in the South Central Region have appreciated by 7.27% in the South Central Region and 0.39% in the East South Central Region.
I would love to know your opinion on buying a home in New England, please share your comments below
Visualization: A powerful tool for listing agents to achieve goals
November 4, 2010 By Leave a Comment
Visualization is a powerful tool for listing agents looking to improve their sales record or listing presentations. One of the things to note with visualization is to know what you really want and to be as specific and detailed as possible.
In real estate it is about listing to survive because as a listing agent you benefit regardless of who sells the property. When you have listings, everybody is helping you sell and as long as you have many listings, you are sure to sell at least one, Visualization can be defined as creating or holding a mental image of a desired outcome. The subconscious mind cannot tell the difference between imagination and reality so when we visualize a particular outcome our subconscious takes it as reality and tries to recreate the same kind of outcome.
An example is to use visualization to improve your listing presentation and the number of listings you get- visualize yourself walking in to give the listing presentation, greeting the homeseller and confidently dealing with all objections and reaching a positive mutual agreement. Do this twice a month and see the outcome. I have often used visualization to get jobs in a week and to find places to live on vacation.
Are there any ways in which you have used visualization? Please share with us in the comments section below
